Bitcoin.
Maybe you are perfectly happy for a big brother government to monitor your every financial transaction and to be able to demand that you prove that all your money was obtained legitimately but there are still people who believe in the right to privacy.
That is not even close to the stupidest comment made on this thread.
Trump has run a lot more than just crypto scams. And his election doesn't mean that all scammers have a free pass. Only his cronies do.
Kudos for trying I guess.
I console myself that it is almost certain that Trampy is himself being scammed. The man has neither the intelligence, the skills nor the experience to run one of these.
So did Bernie Madoff, until he didn't.
Out comes the woo again. "Something else failed therefore bitcoin will fail".
No scams A through to Z failed, scam AA will also fail. It is in the nature of scams that they will fail, as it's the best way for the scammers to make money.Out comes the woo again. "Something else failed therefore bitcoin will fail".
Bitcoin has actual worth in the sense that people think it has worth. That does not make it a scam. It is exactly the same as buying any other thing that has worth far above its usefulness. Gold is not priced according to its use, but according to what people are willing to pay for it. That does not make Bitcoin or gold a scam.
BItcoin has two large probelms in terms of perceived versus actual value 1) it has absolutely no assets backing it, thus it has no mecanism for ascertaining actual value and 2) the supply of bitcoins is absolutely controlled by five accounts of whom we know nothing. The whole system has all the hallmarks of a Ponzi scheme, except that in a traditional Ponzi scheme the object of the scam had a tangible value.
The thing is MLMs are in a shadow zone where they show enough characteristics of illegal pyramid schemes that they could be challenged in courts. But no regulatory authority has seen fit to make that challenge, because the people being scammed are not rich enough to matter.
About 1), you could compare it to artworks that are sold for huge prices even though they may have practically no assets to back them. For instance the work ‘Comedian’ by Maurizio Cattelan that was recently recently sold for 6.2 million dollars. This work consists of a banana duct-taped to a wall, but the banana and the duct-tape is not what was sold: by buying the work you acquired the right to duct-tape a banana to a wall, and call it ‘Comedian’. Is this a scam? I think not, but for me it is worthless, in every sense of the word.
Scams exist therefore bitcoin is a scam is even an even stupider claim to make. In any other thread, you would be pilloried for making such non sequiturs.
This forum has 15 years of posts that show why this is just pure ignorance.
List all of the common features. In particular, decribe each level, explain who is recruiting the sellers and how a seller moves up to the next level.
