View Single Post
Old 04-18-2013, 07:37 PM  
Serge Litehead
Confirmed User
 
Serge Litehead's Avatar
 
Industry Role:
Join Date: Dec 2002
Location: Behind the scenes
Posts: 5,190
Quote:
Originally Posted by crucifissio View Post
bitcoin is exactly like egold...it only has the mining factor added for shiny object syndrome...plus the ponzi factor...it is a digital ponzi currency...

because I did tons of transfers with evocash, egold, 1mdc, liberty reserve, webmoney ect. ill tell you what will happen:

high risk shit does not process well...forget mastercard, visa, amex...forget bank to bank funding most are too lazy to go though the hassle...forget paypal funding they will not touch ponzicoins with a 100ft stick...

now, according to our resident bitcoin spammer Western Union and MoneyGramm have been introduced as a means of funding and/or cash out...this is the end...

anon digital currency + WU or MG=scammers, ponzis,drugs,steroids,HGH,china pills, CP,rape,snuff,besiality ect. heaven...EVERYBODY from the above list will start accepting bitcoins just like they did the currencies before with easy ATM or WU payouts...

bitcoins will go so far underground that mining will actually be an appropriate term

ive talked to so many exchangers over my years of dealing in ecurrency its a huge problem...regulated ecurrency with strict KYC is a pain in the ass and customers will rather pay by CC or paypal...

the only reason I used ecurrency is because my country was under sanctions there was no money transfer allowed...i dealt exclusively in ecurrency for maybe 4 years and then moved to WU because it was less of a pain in the ass for customers...its a nightmare explaining to regular people the very basic concept of ecurrency...I had to write step by step funding guides for complete idiots and most did not get it the first time...many of them just sent me their user and pass because they thought they would somehow make a mistake with the transfer...
go on to BT forum search for egold and or LR, it might provide insight on how different bitcoin from egold/LR is, how the first ones fell and why it's not applicable to bitcoin.
also you might want to look up definition of "ponzi"
__________________
Serge Litehead is offline   Share thread on Digg Share thread on Twitter Share thread on Reddit Share thread on Facebook Reply With Quote