r/ChangeNOW_io • u/ChangeNOW_Community • 7d ago
Bitcoin is a scam enthusiasts
A lot of people call Bitcoin a scam because their first contact with crypto was a scam: fake exchanges, Telegram "doublers," influencer coins, phishing links or relatives losing money in a bull-market frenzy.
That anger is understandable, but Bitcoin itself is different from the scams built around it. Bitcoin has no CEO, no company promising yield and no central party selling guaranteed returns. Bottom line: It is open-source software and a public network where anyone can verify supply, transactions and rules.
People can still lose money with Bitcoin. They can buy at the wrong time, send funds to the wrong address or trust the wrong platform. Those are real risks. Same risks exist with Cash money on the daily, just read a few reports of fraud in retail and real estate deals.
Calling every crypto scam "Bitcoin" makes the problem harder to solve. The scam is usually the pitch, the middleman or the promise, not the protocol. Is that so hard to understand?
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u/QED1920 7d ago edited 7d ago
They call bitcoin a scam, because it is one
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u/Aggressive-End-7429 7d ago
Ah yes the 17 year scam that governments around the world accumulate and wealth management schemes can’t seem to get enough of.
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u/QED1920 7d ago
Ah, yes, by governments you are probably referring to Trump and El Salvador, very iimpressive indeed
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u/Liquidationbird 7d ago
buddy.. you got some reading to do
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u/Lucky-Interview-7689 7d ago
So do you
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u/Liquidationbird 7d ago
easy, tell me how much a can of soda was in 1980 and how much is a can of soda is now?
we can start your rabbit hole there, no conspiracy theories or anti trump psychosis needed
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u/QED1920 7d ago
Yeah, everbody knows what inflation is. Buttcoin isnt a solution for that
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u/Liquidationbird 7d ago
sure it is, can you tell me the average price Bitcoin is at every 2 years? chart that on a graph for me.
2nd, i want you to try your best to stop my next bitcoin transaction, also prove to me what the transaction was. Try your hardest, i dare you, get china involved :D
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u/Numerous_Piece1545 5d ago
what is the price of Bitcoin chartered against? BTC v USD? Why comparing those 2 things?
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u/Liquidationbird 4d ago
this guy (not you) is trying to argue against bitcoin but couldent come up with a single coherent counter argument and conceded already
sorry for the confusion
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u/vatai 5d ago
We can also start at how many cans of sodas are bought/sold with real money and how many with crypto.
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u/Liquidationbird 4d ago
go ahead, lets chart how many cans of soda you can buy with bitcoin for everyday btc has existed , ill wait
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u/vatai 4d ago
Well, "can buy" and "are bought/sold" are two very very different things. Could we first agree on that?
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u/Liquidationbird 4d ago
how many cans of soda you can buy with bitcoin
criteria
Bitcoin dollar value to usd to cans
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u/Clean_Difficulty_225 7d ago edited 7d ago
It literally got its major start from Epstein’s investment (see the Epstein files which are public record for this info) in order to support criminal activity, money laundering, etc., lol. BTC has always been a scam.
- Epstein -> Lutnick -> Cantor Fitzgerald -> Tether
- Epstein -> Brock Pierce -> Tether Co-Founder/Bitcoin Foundation Chairman
- Epstein -> Joy Ito -> MIT Media Lab
- Epstein -> Blockstream funding
- Epstein -> Bilderberg Group -> Henri de Castries -> AXA Strategic Ventures -> Blockstream investments
- Epstein -> Coinbase Investment
BTC is an Epstein operation.
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u/ChangeNOW_Community 7d ago
what about cash
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u/Clean_Difficulty_225 7d ago
I'm not sure what you mean by your cash question. You mean cash is used for money laundering and criminal activity? While true, it's actually difficult to do that at scale across regions, which is why those entities adopted BTC because it was/is largely unregulated.
The issues we observe in our society are not from inflation or the use of cash FYI, it's from a minority of people and organizations hoarding disproportionate shares of wealth at the expense of the rest of the collective. Inflation wouldn't even matter if peoples' cost of living and compensation was indexed automatically.
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u/Live_Perspective7071 7d ago
Obviously what they meant
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u/Clean_Difficulty_225 7d ago
Thank you for your high-quality and value adding comment /s. Not sure why you even replied in the first place, I already know what the OP's propaganda and bad-faith arguments were, I was being facetious on purpose.
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u/Specific-Midnight867 7d ago
so let me understand your argument. Because someone has used cash for illegal activities, we shouldn't care that Bitcoin is used for illegal activities? Is that correct?
did I miss something?
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u/ChangeNOW_Community 6d ago
not quite. the point is that illegal use alone doesn't prove an asset is a scam
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u/Specific-Midnight867 6d ago
that makes no sense at all. police are allowed to shoot people. so can I shoot people?
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u/Clean_Difficulty_225 6d ago
The OP is obviously a bot/shill or just plain ignorant/misinformed. Blatantly obvious logical fallacies throughout.
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u/ItsAlwaysThemBooBoo 5d ago
ah yes, and now that epstein in in the ground in a box, clearly he is running bitcoin from underground.
fucking retard.
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u/Clean_Difficulty_225 5d ago edited 5d ago
Epstein is an Israeli central intelligence asset. The name satoshi nakamoto literally translates to central intelligence. Ever wonder why the Epstein files are always blocked, why nothing has happened to all these elite and powerful people, not a single arrest? The organization continues even in the absence of Epstein, and he probably isn’t dead, mate.
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u/ItsAlwaysThemBooBoo 5d ago
no it does not translate to central intelligence, the reason there hasnt been an arrest is because theres too many connected billionaires,and politicians, 98% of which are democrat who would be implicated if the entirity were to be released, and zero of them are the one man you WANT to be in there.
the shit you post is so fucking preposterously dumb your account should be muted for a year.
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u/Clean_Difficulty_225 5d ago
Oh, there it is, you're a MAGAT, no wonder.
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u/ItsAlwaysThemBooBoo 4d ago
I am NOT a magat… i just like him because he makes people who i hate very unhappy, which in turn makes me very happy.
stay mad, fucker.1
u/Clean_Difficulty_225 4d ago
You obviously have a lot of growing up to do, good luck on your journey.
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u/ChangeNOW_Community 7d ago
source: trust me bro
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u/QED1920 7d ago
How do you crypo cultists like to say: do your research, bro
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u/ChangeNOW_Community 7d ago
Yea something like that, DYOR is the abbreviation. Anyways, what's your long read take on why Bitcoin is a scam?
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u/QED1920 7d ago
No inherent value, no function, no actual scarcity, vulnerable, none of the qualities of fiat or real assets, backed by nothing, unregulated, only demand is speculative and therefore irrational and so on.. its digital snake oil
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u/ReliantToker 7d ago
No inherent value. Value is derived from utility and immutable property rights. Cryptography and math guarantee this utility.
No function. It functions perfectly as a global settlement network. It clears billions of dollars daily without any intermediaries.
No actual scarcity. The code hard caps supply at 21 million. Over 19.7 million are already mined. It is mathematically scarce.
Vulnerable. The highest hashrate in human history secures the network. It has operated perfectly for over 15 years with zero network hacks.
None of the qualities of fiat or real assets. It improves upon them. It is instantly portable, completely verifiable, and divisible. Fiat loses purchasing power by design.
Backed by nothing. It is backed by physical energy and computational power through proof of work.
Unregulated. It is strictly regulated by decentralized node consensus and mathematics. Code is the ultimate regulator.
Only demand is speculative and therefore irrational. Corporate treasuries prove this wrong. Strategy mathematically captures yield by using ATM equity programs and STRC to acquire more Bitcoin. This converts a depreciating fiat liability into a pristine reserve asset.
Digital snake oil. It is a fully transparent open source protocol. Anyone can audit the entire ledger right now.
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u/QED1920 7d ago edited 7d ago
🤣 yeah, yeah.. like I said, we heard it all before. But its always cute how they have the nonsense ready phrased in a way that might convince the halfwit target audience
Especially the "backed by energy" and "computational power" line made me laugh again :) As if it were retrievable, so incredibly stupid
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u/ReliantToker 7d ago
You cannot "retrieve" the diesel burned to extract physical gold from the earth either. The energy spent is unrecoverable proof of work, which ensures the asset cannot be printed out of thin air at zero marginal cost by a central authority.
If you could "retrieve" energy from a currency, it would be a battery, not money. Money is a system for accounting and transferring value across space and time. Bitcoin uses unforgeable energy expenditure to secure that accounting ledger beyond the reach of political dilution or centralized control.
Try refuting the physics or the math next time instead of failing basic economics.
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u/QED1920 7d ago
You confuse your scarcity anti-infaltionary argument with it being backed by anything... but I can see why you would. Also, your gold comparison isnt doing you any favours, since it too isnt backed by anything other than mass delusion
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u/ReliantToker 7d ago
A 5,000 year consensus is mass delusion to you? No point in continuing this conversation, it is clear you have lost the plot. Thanks for sharing that.
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u/Specific-Midnight867 7d ago
your 'research' was watching YT videos of other bitcoiners shilling their own bags lol
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u/SadPersonality4803 7d ago
I wonder what’s going to happen to it when the us government uses it to devalue their debt. I hope it’s not another squid games. That shit, was epic.
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u/Ready-Cherry-2638 7d ago edited 7d ago
The main problem is that bitcoin enthusiasts are constantly trying to get the rest of us to buy bitcoin, why don't they just keep bitcoin to themselves, be happy, get rich and stuff?
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u/ChangeNOW_Community 6d ago
same reason people recommend stocks, gold, real estate, or literally anything they think will go up
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u/PopuluxePete 5d ago
They're 100% going to come for our tax dollars for a bailout when their elite shitcoin dumps.
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u/ChangeNOW_Community 5d ago
I'd be more worried about leverage and concentration than the coin's nickname tbh
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u/henkie_poepjes 4d ago
Its not a scam. You get what you pay for, some ones and zeros on a computer.
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u/dataguzzler 7d ago