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#11 SemiBizz

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Posted 11 December 2017 - 12:37 PM

Pon·zi scheme
ˈpänzē ˌskēm/  
noun
noun: Ponzi scheme; plural noun: Ponzi schemes
  1. a form of fraud in which belief in the success of a nonexistent enterprise is fostered by the payment of quick returns to the first investors from money invested by later investors.

(From Google)


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#12 libertas

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Posted 11 December 2017 - 01:17 PM

How about a Nakamoto scheme? Where it is a well-known and generally accepted fact that there is no enterprise, and the belief is in an endless supply of Greater Fools? Remember it's not just Bitcon, there's a couple of hundred of these schemes running around.

 

Charles Ponzi had the postal coupons or whatever, didn't make sense but it was a story. Madoff went to great lengths to create an illusion of successful trading. Even Social Security, the biggest Ponzi of all, has a filing cabinet full of Treasury paper.


Edited by libertas, 11 December 2017 - 01:20 PM.


#13 MDurkin

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Posted 11 December 2017 - 03:02 PM

https://bmovies.is/f...on.mqy0p/012ol3



#14 MikeyG

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Posted 11 December 2017 - 04:12 PM

It's about to make a new high!! 



#15 OEXCHAOS

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Posted 12 December 2017 - 07:51 AM

Guys, there's potential value there. That's not the problem. The problem is that eventually, the government is going to regulate that potential value away.

 

M


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#16 MikeyG

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Posted 12 December 2017 - 02:29 PM

Guys, there's potential value there. That's not the problem. The problem is that eventually, the government is going to regulate that potential value away.

 

M

 

That is not a problem, it will help Bitcoin and others Cryptos go higher!! 


Edited by MikeyG, 12 December 2017 - 02:30 PM.


#17 12SPX

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Posted 13 December 2017 - 08:32 AM

 

Guys, there's potential value there. That's not the problem. The problem is that eventually, the government is going to regulate that potential value away.

 

M

 

That is not a problem, it will help Bitcoin and others Cryptos go higher!! 

 

What is the real value??  I heard a comparison yesterday that the boomers invested in the stockmarket in the 80's and now the millennials are going into bitcoin so it should go higher.  Although now extremely manipulated back then at least there was a real value, you were getting something for how well a companies business was.  What do you get with bitcoin  its not even backed by anything.  I really don't get it, I've watched that documentary and still don't understand.



#18 NAV

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Posted 13 December 2017 - 08:42 AM

 

 

Guys, there's potential value there. That's not the problem. The problem is that eventually, the government is going to regulate that potential value away.

 

M

 

That is not a problem, it will help Bitcoin and others Cryptos go higher!! 

 

What is the real value??  I heard a comparison yesterday that the boomers invested in the stockmarket in the 80's and now the millennials are going into bitcoin so it should go higher.  Although now extremely manipulated back then at least there was a real value, you were getting something for how well a companies business was.  What do you get with bitcoin  its not even backed by anything.  I really don't get it, I've watched that documentary and still don't understand.

 

 

Inherent value is zero. If you add the electricity costs for mining, it's probably negative intrinsic value.

 

Why do we need to pay the stinking miners, when our friendly Fed can print unlimited stuff out of thin air ? laugh.png


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#19 CLK

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Posted 13 December 2017 - 09:18 AM

Credit cards have a fee per transaction that the institution covers, however the consumer pays the interest every month.

I think the fees go lower over time with the coins.

 

Companies don't have to look for venture capital in the traditional way, they sell tokens to fund and take the company public.



#20 12SPX

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Posted 13 December 2017 - 09:20 AM

 

 

 

Guys, there's potential value there. That's not the problem. The problem is that eventually, the government is going to regulate that potential value away.

 

M

 

That is not a problem, it will help Bitcoin and others Cryptos go higher!! 

 

What is the real value??  I heard a comparison yesterday that the boomers invested in the stockmarket in the 80's and now the millennials are going into bitcoin so it should go higher.  Although now extremely manipulated back then at least there was a real value, you were getting something for how well a companies business was.  What do you get with bitcoin  its not even backed by anything.  I really don't get it, I've watched that documentary and still don't understand.

 

 

Inherent value is zero. If you add the electricity costs for mining, it's probably negative intrinsic value.

 

Why do we need to pay the stinking miners, when our friendly Fed can print unlimited stuff out of thin air ? laugh.png

 

True but at least its the government.  Thing I don't get is why if its a "new currency" is based on US or Canadian dollars to buy.  Wouldn't a new crypto currency something I can just buy a coffee with getting popular. It all just doesn't make sense to me seems more like a pyramid scheme to me.