The cryptocurrency world has been gaining more fame at an exponential rate lately and the fact that your country’s finance sector ain’t adopting the technology yet shouldn’t stop you from putting your money in the rapidly growing market.
BTC or TBC – Which should you invest in and why?
There are so many crypto-coins currently in the market with different algorithms but for the sake of this post, i’ll be mentioning just two types; Bitcoin and The Billion Coin.
Bitcoin vs The Billion Coin – Which is safer?
Bitcoin is the world’s first cryptocurrency (Decentralized digital currency) which was introduced by Satoshi Nakamoto and released as open-source software in 2009. The system is peer-to-peer, and transactions take place between users directly, without an intermediary. These transactions are verified by network nodes and recorded in a public distributed ledger called a blockchain.
Bitcoin Algorithm, security and acceptance
Bitcoin operates via SHA-256 algorithm for mining and security and a lot is known about it from the Dark net to the surface Web. Bitcoin is also the first and only adopted cryptocurrency by Google and some top economies of the world.
Besides being created as a reward for mining, Bitcoin can be exchanged for other currencies, products, and services. As of February 2015, over 100,000 merchants and vendors accepted bitcoin as payment. Bitcoin can also be held as an investment. According to research produced by Cambridge University in 2017, there are 2.9 to 5.8 million unique users using a cryptocurrency wallet, most of them using bitcoin. Let me pause on Bitcoin there!
The Billion Coin
The Billion Coin or TBC is an “Abundance-Based” form of Cryptocurrency that operates on a membership agreement. There is little knowledge of the cryptocoin on the Internet except that it is founded by Kris Kringles and it does not exist on the list of any of the cryptocurrency exchangers and Fintech websites which deals with such currencies.
According to a write-up on Quora;
The financial formula shown on the TBC website indicates this is a classic Ponzi scheme. This is pretty graphic in TBC’s own material here: https://www.thebillioncoin.info/… those kind of profit returns defy all financial logic, they can only be funded by other investors joining.
Like a pyramid scheme the original investors (owners of TBC) and the early members (their friends) will make all the money. Those who join/invest at the bottom lose (the vast majority). Why? Because in order to continue growing for new each investor there must be many more introduced after them, eventually the scheme runs out of investors and it collapses.
The writer also gave 3 solid facts which debunks any claim of the TBC as a genuine crypto-coin;
- TheBillionCoin(TBC) is not on , that is by far a major blow against “TheBillionCoin”.
- Do you know TBC now suspends user accounts without warnings?
- TBC has blocked the SEND BUTTON on all user accounts and you’re required to pay an Annual fee of $10 before you can become a Trusted Seller.
If this isn’t robbery in the name of Cryptocurrency then i don’t know what is
So now, let me ask you; Why will you want to invest in a crypto-coin without a well-known algorithm and assured market? or why would you need to be punished for gifting out your crypto-coins all in the name of promoting the value of a secretive digital currency?
As a matter of fact, this blog has advertising partners who pay me with Bitcoin and you can also pay them in Bitcoin or fiat currencies to advertise your services, try searching for TBC online advertising if you can find one! if you can’t then please and please, do not INVEST YOUR HARD EARNED MONEY ON TBC, it’s not worth it.