3 ms·

A scam is a trickery by which you fool someone into giving something of value to you. Bitcoin is open source, and what we say it is is exactly what it is, and

A scam is a trickery by which you fool someone into giving something of value to you. Bitcoin is open source, and what we say it is is exactly what it is, and anyone (or any programmer, but hey, this is HN) can check it, so there is no scam. By your logic then gold and every other investment is also a scam, because you are "giving money to earlier investors".

jmount 12y ago
Okay, here is a completely open offer. Somebody says: "give me $10,000 and I will give you nothing back in exchange." I would call this a scam. Not a very good scam, but a scam.
- oafitupa 12y ago
  And you would be wrong, because a scam requires a trickery and someone being fooled.