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/biz/ - Business & Finance

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11432252 No.11432252 [Reply] [Original]

Give it to me straight /biz/: is crypto really just a big scam?

>> No.11432271

I'm sure at least some of these coins are scams

>> No.11432303
File: 1.22 MB, 1440x2960, Screenshot_20181017-102845_Drive.jpg [View same] [iqdb] [saucenao] [google]
11432303

>>11432252
No, im not going to explain years of research to you.

But here.

>Pic related
Public law 111-147

Summary:
your money in fiat bank accounts as of march 18 2010 is classified as a "foreign asset" and can be frozen at any time or outright refused to even take a 50$ withdrawl from a teller if they choose.

Ill keep my value in hard cash, gold,guns and crypto thank you.

>> No.11432311

>>11432252

Corresponds on the coin

Some are meant to be a currency
Some are meant to store value
Some are meant to make paying easier

And 99% are scam

>> No.11432313

From a technical standpoint, no. Crypto has value as long as people agree it has value.

The reason crypto is viewed as a scam is bc of the illegal activities that can take place in an unregulated market and exchanges like Mt Gox and Bitfinex that counterfeit money to artificially inflate the prices.

Hold your dollars and wait for Tether to get exposed. If the market gets some regulation, it will be a much better place for nonwhales

>> No.11432330

Almost everything is a scam, but very few of them are honest ones.
Bitcoin is a completely honest scam.

>> No.11432347
File: 1.51 MB, 696x478, 1456513775859.gif [View same] [iqdb] [saucenao] [google]
11432347

>>11432252
life is a scam

>> No.11432389

Bitcoin is "digital gold". Everything else is a scam.

>> No.11432483
File: 488 KB, 320x240, Tradingshitcoins.gif [View same] [iqdb] [saucenao] [google]
11432483

>>11432252
If cryto goes down, its a ponzi, rat-poison scam. If crypto goes up, it's 100% legit, not a single whitepaper read.

>> No.11432501
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11432501

>>11432303
wtf is this for real?

>> No.11432668

>>11432501
Yes, it was tacked onto new rules for transportation funding last minute and passed

>> No.11432721

>>11432252

http://esotericawakening.com/is-bitcoin-a-bankers-scam

http://esotericawakening.com/the-scam-and-how-it-works

>> No.11432767
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11432767

the one coin that's not a scam? Heh. EthereumMonero. just take a look at this team. (https://exmrfoundation.org/team/)) Would they scam you? no.

>> No.11432794

>>11432721
So long as there is hard problems Bitcoin will continue to be the most efficient machine made by man.
And yet your sad site plugs suggests people who understand this do not understand math.

>> No.11432825

>>11432252
GIVE IT TO ME STRAIGHT IS GOLD A SCAM

GIVE IT TO ME STRAIGHT IS MONEY A SCAM

GIVE IT TO ME STRAIGHT ARE BANKS A SCAM

GIVE IT TO ME STRAIGHT IS IT ALL A SCAM

>> No.11432891

>>11432825
GIVE IT TO ME STRAIGHT
I BUY PRODUCTS FROM STORES AT A HIGHER PRICE THAN WHAT THEY BOUGHT IT AS

ARE STORES A SCAM?

>> No.11433450

everything aside from bitcoin and monero is a scam.

>> No.11433575
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11433575

>>11433450
Monero is uslesss.. privacy coins are used to wash crytpo trades and move to a wallet that cant be traced to you.

The fastest most private coin will always win because you only use it for that one instance and put it back into bitcoin or whatever

Holding privacy coins is NOT a good bet. Period.

>pic related

>> No.11433583

>>11432668
this is terrifying
how can shit like this just slip through unnoticed

>> No.11433649

Fiat currency is the biggest scam of all time.

>> No.11433668

>>11432252
if by crypto you mean alt coins then yes but if by crypto you mean Bitcoin then no

>> No.11433754

>>11432252

Which part of this screen shot says what you're claiming?

>> No.11433836

>>11432303
absolute state of a NPC brainlet

>> No.11434056

All the hate towards Bitcoin but there's no difference between Bitcoin and alt coins other than one scam lost you thousands

>> No.11434094

>>11432252
some coins are but the answers you'll get about crypto in general are as follows
>brainlets who lost money by being brainlets and boomers who have no idea what crypto is
Yes, it is a scam
>people who made money and intelligent people who know what it actually is
No, crypto is not a scam

>> No.11434235
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11434235

>>11432303
you fucking BRAINLET.

This is regarding assets that are not of a United States person.

You need to kill yourself for being so autistic; this is not a rant.

>> No.11434610

>>11433836
>>11434235

No dumbass, section 1247(d) changed the defenition. Money/digital dollars held in your bank (ex :chase,BOA) is now referred to as foerign assets, therefore can now fall under section 111-147 law. AkA can be freezed at anytime.

However this doesn NOT apply to dollars on hand, in a safe , or on personal property.

Therefor can be siezed or frozen for something as little as "why are you withdrawing your money"

This was done to prevent a bank run after the 2008 crisis.

Fuck re re
>biz stay dumb.

>> No.11434632

>>11434610

They can do this because the FED is not us based. So congress enacted this law based on that fact and technically are 100% correct in labeling bank money as such because it is barrowed from the FED and NOT printed by US treasury office.

And it was their best move to protect the american economy, just like how wall street closes early if it drobs below a certain trade % per day.

Its a failsafe

Stay dumb
Stay poor