Jump to content

Recommended Posts

It's a technology obfuscated pyramid scheme. Crypto, generally not only Bitcoin.


Buying it to sell it on for more is what it's all about. Until the base of the pyramid gets too big and can't find someone to sell to. With social media and the covid stimlus the pyramid has had a huge and well funded base.


What else is the point of it?

Link to comment
https://www.eastdulwichforum.co.uk/topic/285588-bitcoin/#findComment-1514267
Share on other sites

mrwb Wrote:

-------------------------------------------------------

> It's a technology obfuscated pyramid scheme.

> Crypto, generally not only Bitcoin.

>

> Buying it to sell it on for more is what it's all

> about. Until the base of the pyramid gets too big

> and can't find someone to sell to. With social

> media and the covid stimlus the pyramid has had a

> huge and well funded base.

>

> What else is the point of it?



What about Boris?s ?inverted pyramid of piffle?? he goes on about, where does that come into the equation?

Link to comment
https://www.eastdulwichforum.co.uk/topic/285588-bitcoin/#findComment-1514305
Share on other sites

  • 8 months later...

SpringTime Wrote:

-------------------------------------------------------

> Can anyone explain the mining element behind

> crypto to me please? Also, are crypto currencies

> in essence really just like ponzi schemes, or have

> I got that wrong? Thanks



You can Google mining - it?s all explained.

Link to comment
https://www.eastdulwichforum.co.uk/topic/285588-bitcoin/#findComment-1563629
Share on other sites

As with any investment...whether that's property, equities, horse racing or crypto....if you don't really understand how it works....then you probably shouldn't be putting money into it.


Even 'experts' in each of those fields are doing well if they are right more than 50 percent of the time.....

Link to comment
https://www.eastdulwichforum.co.uk/topic/285588-bitcoin/#findComment-1563701
Share on other sites

  • Joe locked this topic
Guest
This topic is now closed to further replies.
  • Latest Discussions

    • Majority of reported hate crime is based on ethnicity, brown, black and mixed heritage. Religious hate crime is lower and most affects Muslims, Jews to a slightly lowers number and a small percentage of Hindus and Sikhs.   Real or perceived atrocities committed by Muslim extremists and the state of Israel will influence numbers  Anyone who has been to a protest against the war in Gaza will see mainly peaceful and good natured crowds including Jews against war. @CPR Dave stop making a fool of yourself. Corbyn cannot admit to being wrong.  He sprouted nonsense that Russia was not responsible for the Salisbury poisoning, would not be contrite about the accusations of anti-Semitism, and is partly to blame for Brexit. He may be principled and a decent person but is not a Messiah and ran a poor campaign in the 2019 general election, a gift for Johnson. I expect he would have been pants in dealing with COVID, and Johnson set a low bar. I'm with Miss Jean Brody on the Spanish Civil War.  It maybe not!
    • How does your mind work? This is a thread about a bakery that may be opening. Your grasp of history is extremely weak. Mosley’s fascists were opposed and defeated all over the east end, not with petitions either. The principal leadership in driving them back came from the Communist Party but it was a united, cross community movement. The Daily Mail provided constant support for the British Union of Fascists and, along with sections of the Conservative Party, echoed their racist rhetoric. Plus ca change, plus c’est la meme chose. Excuse my French. To characterise pro-Palestinian demonstrations attended by thousands of Jews among the hundreds of thousands of people from across British society as “protesting Jews’ rights to exist” or comparing them to Mosley’s blackshirts is frankly sickening. You should be utterly embarrassed and ashamed of yourself.
    • I really hope so too, but they aren't going to get much passing trade, and parking round there isn't easy. Fingers crossed.
    • What's your answer, then? Should the council raise council tax to employ double or treble or more the number of workers to spend all their time clearing leaves from every street every day? Leaves have been cleared from my street several times since leaf fall began, including as I say very recently. It's impossible to keep every street permanently clear, and the situation is made worse by heavy rain. My partner broke his ankle in several places a year or so back when he slipped on wet leaves. He didn't blame the council.
Home
Events
Sign In

Sign In



Or sign in with one of these services

Search
×
    Search In
×
×
  • Create New...