* Posts by jemo

1 publicly visible post • joined 25 Feb 2014

MtGox MELTDOWN: Quits Bitcoin Foundation board, deletes Twitter

jemo

Wait, Bitcoin is a business? Lets see, some geek, (me for example :^=) generate some coins (a crypt to-code), then some guy will come and give me £900 for that doing, so they can hold it in the hopes that it raise in prize, well I'm glad I found the sucker to give me the £900 in the first place... and this is not a scam? And wait, it get's better, I can put a server in the middle, set up an exchange and make it look like there is hundred of transactions? In the fist place, most of those original transactions occurred in a well device scheme to make it look like there was a supply and demand shortage, a good way to get more suckers to pony up the £900 the thing was selling for, and those that did get in to it, only find out how hard it is to sell your coin after you gave it to some Joe Blow in the first place... nah, that is a legitimate business, what was I thinking to call it a scam...