I’ve never really given this ‘Bitcoin’ thing much thought, but I’d like to know what people think the deal is with them?
Based on simple logic I can see no way that they can be anything other than a scam. A Bitcoin is apparently backed by nothing other than a bunch of computer algorithms. So there’s no precious metal or substance backing them, and also no output of any real service or product. That should raise a few red flags, to put it mildly…..
When you have something that does nothing useful, like a Bitcoin seems to, then what do you really have? A bullshit scam as far as I can see. Apparently it started off with a really low value in exchange for real currency, then it went up dramatically, but it still does nothing. There’s nothing useful to it. It would be the same if I started printing money and said to people, “well, here you go, just believe it’s worth something and trade with it”. People would look at me as if I had four heads! That is, unless I was a really professional conman, which is what I suspect is going on with these Bitcoins. It appears to be an alternative scam to the mainstream Jew money scam. Whatever…….
This small article seemed about right to me:
Bitcoin: The Ultimate Scam
Here is a little brief introduction into Bitcoin. It has been around for roughly 3 years. The individuals who own it are unknown, it uses a peer to peer link to make sure there is always a database in existence.
HOW DO YOU GET BITCOINS:
This is mind blowing (or as they say it in Blades of Glory, “MIND BOTTLING”) to anyone who lives in the real world. You simply download a bitcoin wallet software, download a “MINING” program onto your computer (MAC,PC,LINUX). This “MINING” program then runs algorithms using your CPU and Graphics card to solve a them. Depending on the specifications of your computer you are “mining” for bitcoins at a rate (faster the computer the more the bitcoins you earn). Seems easy? It is, it will simply cost you a lot on your electrical bill. Now note as the number of BITCOINS rises, it becomes hard to get them, so the longer you will have to run these programs on your computer to get 1 BITCOIN.
Here is my problem with “HOW TO GET BITCOINS”. They treat it like you are mining for gold? Really it is solving a bunch of useless algorithms that go NO WHERE! So imagine this, your light bulb breaks, you stand up and turn the switch on and off infinite times to get light. Get the point? No matter how many times you do this, no light comes on. This useless “MINING” program rewards you in this virtual currency called bitcoin when you run this program.
Hopefully those less computer savvy are still following around. In simple terms you doing a pointless thing to get some fake virtual coins that will exist in this fake virtual wallet. That’s right virtual. Like Barney and friends used to say. Use your imagination.
WHY DID ALL THESE PEOPLE “MINE” FOR BITCOIN?
Well, really to be honest, I have no clue. It makes no sense, either all these individuals own stocks in their utility companies or they spite their parents so they run up the electric bill. No one good reason comes to mind to run your computer at full capacity to do pointless algorithms. NOT ONE REASON TO GO FLICKER ON AND OFF A LIGHT BULB THAT HAS BURNT OUT.
Anyway, I could be wrong about these Bitcoins, but it does smell a bit fishy, does it not?
Please, do leave comments. I want to know what people think about this topic!