How to tell if its a scam ?

It's a scam if -

• It’s not Bitcoin BTC
• someone rings you up
• someone tries to sell you
• It’s called "crypto"
• It’s backed by a bank
• It’s backed by government
• It’s backed by a company
• there is a premine

Bitcoin BTC is the original.  All other coins are Scams or copies- WHY ?

Scams

   Some coins require a "premine" and to be issued by an entity. "Ill make 100,000,000 of my new coin, but first put 10,000,000 in my pocket then sell the rest and ill be a millionaire". (pre-mine scam).

Copies

Van Gogh. Which one do you want ?
​(the original one)

   Bitcoin is the original. There was a spell of copies with allegedly better tech. If better tech is created it can always be assimilated into BTC. It will take you a year or so to truly get to know the truth of this. Most others are scams especially - Bitconnect, Squidgame, XRP, Bitcoin Cash / Bitcoin SV / Bitcoin ABC. 

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Latest crypto scam section

   This is the latest scam doing the rounds on Twitter. You'll receive a message looking like this "Hi I'm a student - I don't know how to sell ---- coin". 
   If you look , there'll be a small amount, not enough gas to send. So you're supposed to add to the wallet so theirs enough to send. As soon as you do it will all disappear in a puff of smoke.

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Obvious Scam coin rouges gallery

Bitconnect

   Bitconnect (nothing to do with Bitcoin) was the classic SCAM / Ponzi scheme. A very large quantity of Bitconnect coins were pre-mined. The Hype was hyped - The price was pumped. Seeing the price rocketing, people bought in which made the price increase even more, up until the rug was pulled.
   The pre-mined coins where sold very quickly leaving investors or “bag holders” holding a "bag" of worthless coins.
​    This is what governments do to your savings, only much more slowly. Its called -

• QE - Quantitate Easing
• Increasing M1 money supply
• Borrowing
• Stimulus
• Inflation

   Basically call it ANTHING other than money printing just to make your eyes glaze over with boredom.

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Squid game coin

   Squid game - Let’s look at the rug pull (or rope pull :O ) - Lovely !
 Riding the viral popularity of the TV show to pull the suckers in. Good luck finding somewhere to sell.

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Ethereum

   Ethereum is more of a programable money experiment, a different animal completely. While I do not believe it has set out to be a deliberate scam. It does have draw backs I.E. A large pre-mine, a none fixed supply (which means bad actors could print some for them selfs).
   Compared to Bitcoin, Ethereum is extremely complicated so is going to have much bigger scaling problems than Bitcoin ever did.

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Proof Of Work

What does it mean ?

• Mine it with electricity
• Purchase it
• Earn it

• Dig it out the ground

​Proof of work ensures a slow release of coins over time allowing everyone to participate. Not POW = SCAM

Why is it essential ?
Lets suppose for a minuet - No POW , we'll call it "Scamocoin"

Whats to stop -

• A premine ?
• A very large purchase by a wealthy individual ?

They would be much richer than you because they already had or bought all the coins.

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All money is a SCAM !

Bitcoin is the only one that does not benefit a government, organization or individual.
There's nearly 5000 crypto currencies, at least 99% are Deliberate SCAMS the other 0.999% will go no where. Leaving in my opinion only 3 truly free currencies-

• BITCOIN BTC
• Gold
• Silver

Copies and fakes

   Many people have copied Bitcoin, its easy theres even an actual website that will do it for you !
But do you want the original Mona Lisa or the copy ? Will everyone leave Facebook to go to a new social media website ? NO cos no one is on it. The value IS the NETWORK not the software.

Who does Bitcoin benefit ?

   Those who buy earliest and deepest will benefit most from the expected massive price rise. Ultimately mankind will benefit from having incorruptible money. Companies & Pensions will benefit from yield on their BTC.