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Email this2:17 pm
March 30, 2017
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lifeonanisland said
"A Ponzi scheme is an investment fraud that pays existing investors with funds collected from new investors." Bitcoin fits this definition to a T.
How so ? As in a new bitcoin investor buy from an existing investor ? Is that what you are alluding to ? If so then every single corporate that has stock listing is a ponzi scheme. Cuz a new investor buys the shares from an existing investor when they trade on the stock exchange.
A Ponzi scheme is WHEN new investors CAPITAL is used to pay the promised or ficticious RETURN to existing investors. That is the definition of a ponzi scheme my friend....
2:32 pm
January 13, 2022
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savemoresaveoften said
lifeonanisland said
"A Ponzi scheme is WHEN new investors CAPITAL is used to pay the promised or ficticious RETURN to existing investors. That is the definition of a ponzi scheme my friend....
Yes, I see that you're arguing against yourself. Pity you can't see that.
3:58 pm
March 30, 2017
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lifeonanisland said
Yes, I see that you're arguing against yourself. Pity you can't see that.
It is easy to say ‘I don’t care. It’s a Ponzi scheme to me’ does not make it a real one.
https://www.investopedia.com/terms/p/ponzischeme.asp
No one promises any bitcoin investors (early or late) that there will be a guarantee/ promise return. The late investors choose to believe it will only go up and get burn. Who do they have to blame ? Themselves…
4:25 pm
February 4, 2017
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Bitcoin has "died" many times. Every time it's in it's death throes people come out of the woodwork shouting "I told you so, its a ponzi, its worthless trash" etc.etc.
These are the people who refused to understand the technology or were too lazy or inept to obtain some when it was only worth a few bucks. They are simply bitter losers.
5:28 pm
April 18, 2022
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mmlt said
These are the people who refused to understand the technology or were too lazy or inept to obtain some when it was only worth a few bucks. They are simply bitter losers.
Ya about 99% of us missed the boat. .000001% understand the technology.
I have regrets investing but no way do I regret not investin in crypto. It be like investing in a penny stock, B movie or lending money to your sister's boyfriend.
10:04 am
January 12, 2019
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AllanB said
Ya about 99% of us missed the boat. .000001% understand the technology.
I have regrets investing but no way do I regret not investin in crypto. It be like investing in a penny stock, B movie or lending money to your sister's boyfriend.
I like that ⬆ last one ... LOL 
Thanks AllanB,
- Dean
" Live Long, Healthy ... And Prosper! "
2:03 pm
November 8, 2018
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Elon Musk, SpaceX and Tesla Inc. were sued for $258 billion over claims they are part of a racketeering scheme to back the cryptocurrency Dogecoin.
Keith Johnson, “an American citizen who was defrauded out of money by defendants’ Dogecoin Crypto Pyramid Scheme,” sued Musk and his companies.
“Defendants falsely and deceptively claim that Dogecoin is a legitimate investment when it has no value at all,” Johnson said in his complaint.
Good news keep coming, indeed.
2:55 pm
January 12, 2019
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No offence, Alexandre ... but that ⬆ article/story sounds a bit 'Hooey' to me.
And of all the major news outlets out there (Reuters/BNN/CTV/BBC/etc.), why is Bloomberg the Only one running that article ❓
I'll believe it when the others also publish that story.
Until then ... I still say 'Hooey'. 
- Dean
" Live Long, Healthy ... And Prosper! "
3:44 pm
January 11, 2020
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Case should be dismissed. Plenty of celebrity or people that are well known have openly stated the now 18000 crypto currency’s are made up out of nowhere and could be worthless. Imagine if every gambler was able to sue the casino because someone else won and they lost.
3:55 pm
September 11, 2013
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Google it, lots of news sources, e.g. Reuters, reporting this lawsuit.
4:17 pm
January 13, 2022
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MattS said
Case should be dismissed. Plenty of celebrity or people that are well known have openly stated the now 18000 crypto currency’s are made up out of nowhere and could be worthless. Imagine if every gambler was able to sue the casino because someone else won and they lost.
Key component of his lawsuit: that dogecoin is gambling, and that it should be presented as such. Not as a viable currency. Be interesting to see if a judge agrees.
6:05 pm
April 27, 2017
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Musk shoots his mouth off all the time and acting on what he says seems dumb. Then again, people clearly do as the price reacted to his words. Big time.
The whole concept behind crypto was having a currency which is safe from Central Bank manipulation. A bit ironic that someone like Elon can manipulate it with a tweet.
6:16 pm
January 12, 2019
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Bitcoin down Very Close to $20K USD now . . .
.
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I wonder how many people are still wetting their pants over this.
I'm guessing ... Lots ❗
- Dean
" Live Long, Healthy ... And Prosper! "
4:26 am
March 30, 2017
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MattS said
Case should be dismissed. Plenty of celebrity or people that are well known have openly stated the now 18000 crypto currency’s are made up out of nowhere and could be worthless. Imagine if every gambler was able to sue the casino because someone else won and they lost.
Agreed with you totally.
If only people have integrity to own up their mistakes and negative result cuz greed. They rather sue when things go wrong, and then claim they are the smartest investor when they come out ahead.
Reminded me of the lady who won $$$$$ against McD cuz she held a hot cup of coffee btw her legs and it spilled…It’s obvious McD fault NOT to put a warning label on the cup…..sigh
12:38 pm
April 14, 2021
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savemoresaveoften said Reminded me of the lady who won $$$$$ against McD cuz she held a hot cup of coffee btw her legs and it spilled…It’s obvious McD fault NOT to put a warning label on the cup…..sigh
Maybe McD should have launched counter-suit for her to put a 'Danger Zone' sign between her legs. 
1:16 pm
April 6, 2013
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There was a lot more to the Liebeck v. McDonald's Restaurants case.
That McDonald's restaurant was found mostly liable because it was serving coffee with such a higher temperature.
Restaurant made the situation worse for themselves by refusing an initial settlement of $20,000 for her actual medical expenses.
4:16 am
March 30, 2017
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Norman1 said
There was a lot more to the Liebeck v. McDonald's Restaurants case.That McDonald's restaurant was found mostly liable because it was serving coffee with such a higher temperature.
Restaurant made the situation worse for themselves by refusing an initial settlement of $20,000 for her actual medical expenses.
Well the buyer is well aware the coffee is hot. I can see why the restaurant refuse to settle. In my mind, the judge just blatantly practice ‘protect the dumb and dumber’. Basically saying the law will cover you when things go wrong no matter the circumstance. I just hope the same type of judge is not going to set the ruling re dogecoin lawsuit and the like. Every investment can be risky, ‘no risk no gain’ applies to all.
4:50 am
September 11, 2013
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I'm a victim, give me money, that's all it is.
5:02 am
November 8, 2018
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The Greatest Fool Theory, explained.
Buying common shares promising zero dividend - fool
Buying crypto - greater fool
Buying NFT - greatest fool
9:01 am
January 12, 2019
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Meanwhile, back at the Ranch . . .
Bitcoin is hovering around $19K USD today ⬇
A little background ➡ https://www.ctvnews.ca/business/bitcoin-drops-below-us-20-000-as-crypto-selloff-quickens-1.5952961
.
How low will it go ❓❗
- Dean
" Live Long, Healthy ... And Prosper! "
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