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tridim

(45,358 posts)

6. They have bitcoin banks that set the "value"

Reply to Blue_Tires (Reply #5)

Wed Dec 4, 2013, 07:16 PM

Dec 2013

Several people who run the banks have admitted that they regularly manipulate the bitcoin price to make money for themselves. Hackers can also manipulate the price, anonymously.

There is nothing great about bitcoin. It's a Ponzi scheme used to drain money from idiots.

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Highlight:

A Thief Is Attempting To Hide $100 Million In Stolen Bitcoins � And You Can Watch It Live Right Now [View all] phantom power Dec 2013 OP

So many suckers. SMH... tridim Dec 2013 #1

If we're going to extend legal protections to bitcoins customerserviceguy Dec 2013 #2

Bitcoin is here to stay... TampaAnimusVortex Dec 2013 #3

Hah, feel free to invest your retirement savings in Bitcoins then nt geek tragedy Dec 2013 #4

Actually I'm already ahead of the game... TampaAnimusVortex Dec 2013 #9

No it's not MattBaggins Dec 2013 #7

Too bad the senate loves it too then... TampaAnimusVortex Dec 2013 #8

one point I like to make: although the tech was designed to support decentralized currency... phantom power Dec 2013 #14

They're great for buying a snack when Red Warrior Needs Food Badly Orrex Dec 2013 #11

So what's supposedly so great about bitcoins again? Blue_Tires Dec 2013 #5

They have bitcoin banks that set the "value" tridim Dec 2013 #6

The value in bitcoin is it's usefulness as a payment network... TampaAnimusVortex Dec 2013 #10

One of the social-experiment aspects of bitcoins that interests me... phantom power Dec 2013 #12

Many people use "Ponzi Scheme" to describe ...... oldhippie Dec 2013 #13

So what recourse is there when people get robbed like this? Blue_Tires Dec 2013 #15

What recourse is there when someone takes your cash? TampaAnimusVortex Dec 2013 #16

I haven't suggested doing away with *anything* Blue_Tires Dec 2013 #17