"It's not a scam since there is the same information to everyone." does this rea... | Hacker News

Hacker Newsnew | past | comments | ask | show | jobs | submit

		johnny22 on Oct 18, 2011 \| parent \| context \| favorite \| on: Bitcoin value falls from above $33 to below $3 "It's not a scam since there is the same information to everyone." does this really make something not a scam? As far as i've seen, most people do have access to the information needed to prove something a scam. It doesns't mean they will both find it, and believe it.

icebraining on Oct 18, 2011 [–]

In any scam, the scammer promises profits which (s)he knows are a lie. No such thing happens here.

A lottery isn't a scam, even though only a few actually get money out of it. It's just gambling, and so it Bitcoin.

Consider applying for YC's Summer 2026 batch! Applications are open till May 4
Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact