General statistics
List of Youtube channels
Youtube commenter search
Distinguished comments
About
Joseph Jones
Peter Schiff
comments
Comments by "Joseph Jones" (@drip369) on "The Mashinsky Celsius Fraud Was Obvious Over a Year Before Government Noticed" video.
How does one make profit on something with no value? Well it certainly has a price and I can tell you how the price increases, more people put cash into a giant swimming pool but when the prices go up and people sell back into those dollars, they are essentially stealing from other people. I guarantee the people managing Bitcoin are not keeping the cash safely in one place meaning if everybody tried to sell off, there would be people getting negative numbers on the screen. It's not like a company that has profit and shares it with investors, it is a code on the computer backed by dollars which are backed by faith in debt which makes Bitcoin intrinsically worthless just like cash. They call those types of things a pyramid scheme. But in this case you can counterfeit Bitcoin by making 10,000 other cryptos which obviously has taken place
1
It is nothing but a pump and dump scam so that people can take your currency out of that swimming pool and leave everyone else with nothing
1