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RE: Exchange Glitch Allows Traders To "Buy" $20 Trillion In Bitcoin For Free

in #bitcoin6 years ago

@zer0hedge..bro Bitcoin is closed system with some small leakage by people actually selling out for cash. It effectively has more buyers than sellers which keeps the wheel turning. However, this inflow of financial energy allows a Ponzi fraud to occur. The coins are held at the exchange in an online wallet but all the buyer sees is a balance in their account not the actual bitcoin. I suspect that these free-purchased bitcoins reveal a programming error in the exchange software and just exposed a large fraud. If it's happening here then there's likely victims at many Ponzied online wallets/exchanges.We know from the theory of relativity that as an object is accelerated towards the velocity of light, its mass approaches infinity. So as the velocity of bitcoin trading increases, the amount of bitcoin in circulation likewise increases. Or something like that.thanks for sharing.

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