Bitcoin

Smaug · Jan 3, 2014

If im not mistaken a wile back bitcoin was in some crap having to do with scamming am I right? If so why is the price per coin so high and people are still buying and selling bitcoins if they company was in a scandal?

Darkest Dream · Jan 3, 2014

Smaug said:
If im not mistaken a wile back bitcoin was in some crab having to do with scamming am I right? If so why is the price per coin so high and people are still buying and selling bitcoins if they company was in a scandal?

I think you need to do some research concerning bitcoin. Bitcoin itself has never been a "scam" and they are going up because they have value. (Imposed scarcity, being a viable means of exchange etc).

R · Jan 3, 2014

It isn't necessarily a "company" either, the founders aren't in it for the money from what I've read. I think the scams you've heard about are to do with wallet owners scamming customers or allegedly being hacked.

SuF · Jan 3, 2014

Roary said:
It isn't necessarily a "company" either, the founders aren't in it for the money from what I've read. I think the scams you've heard about are to do with wallet owners scamming customers or allegedly being hacked.

We don't know who the founder(s) are so it could all be a long pump and dump scheme.

Xenophis · Jan 3, 2014

SuF said:
We don't know who the founder(s) are so it could all be a long pump and dump scheme.

While that is true, it would be much more likely that if things went well (and legitimate) for BTC in the future, that would be much more profitable for those folks along with the ability to do some good as well. A win win scenario for them in my eyes.

Bitcoin

Smaug

Forum Addict

I prefer to have my nightmares with open eyes.

Legend

SuF

Legend

Xenophis

Sythe Sapien - "sui generis"