The Billion Coin (TBC) Review – How a Scam Goes Bust

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Last updated on September 21st, 2017 at 06:49 pm

The following article reflects the author’s opinion alone and is not investment advice.

There’s been quite the buzz over a coin called The Billion Coin (TBC), so I decided to dig a little deeper to see what all the fuss was about. TL;DR version: It’s a scam. Stay away at all costs.

The actual market cap of TBC

When I perform research on potentially profitable cryptocurrencies, I start by looking them up on Coin Market Cap. It’s a nice way to check out a coin’s price, volume, and history, and it has links to various resources about any given coin.

Unfortunately, I came to a dead end right from the get-go, as TBC isn’t listed there. No big deal—there are a lot of brand new coins that aren’t listed yet, and truthfully, finding a coin in its infancy has the potential to offer 10x the profit.

So Is TBC One of These 10x—or Even 100x—Coins?

Now let’s check and see if The Billion Coin is on World Coin Index.  Again, no luck: it’s not listed there either. So it’s time to run a Google search and check out their website, TheBillionCoin.info. At first glance, it appears to be one of those cheesy slider WordPress themes that no one uses much anymore, at least not anyone who’s running a cryptocurrency promotional website.

On the site, the makers claim that The Billion Coin has a market cap in fourth place behind Bitcoin, Ethereum, and Litecoin. That seems like a stretch considering I hadn’t even heard of TBC until a couple of days ago. Given the fact that I study the crypto industry day in and day out, I’m going to guess that is a lie. If that were indeed true, TBC would be listed on Coin Market Cap.

TBC 4th place

The next image on the slider says “Get out of debt fast.” It seems like they’re preying on the emotions of desperate people—a classic telltale sign of a scam. The picture of the woman cutting up her credit cards is what anyone thinking about buying this coin should do so they don’t end up losing everything they have.

tbc get out of debt

It gets even worse. According to the website, the current price of 1 TBC as of a few days ago was allegedly 68.2 Bitcoin—roughly $286,000.  However, today, the website claims that 1 TBC is worth 105.93 BTC. So the price of each TBC is 105 BTC, yet it isn’t even listed on Coin Market Cap? It’s almost comical that anyone would think this is true.

TBC BTC value

Apparently, The Billion Coin can be purchased and sold on the site’s exchange, but only there and nowhere else. There’s a page, and even a YouTube video (which, not surprisingly, has comments disabled), on the website dedicated to buying and selling TBC on the exchange. However, the actual exchange is “offline for maintenance,” so who knows if it was ever online to begin with.

The main question remains: why isn’t TBC exchanged on public exchanges like every other cryptocoin?

It should be clear at this point that anyone who is thinking about buying TBC should steer clear. However, those who still have a shred of hope in this project should read on.

The Billion Coin website

According to its website, TBC is going up 2% per day, every day. In other words, the creators of this scam claim that the price never drops and always goes up. That’s not logical at all if the market dictates the price.  Markets go up, and markets go down; this is why the logic behind perpetual profits is fallible.

TBC 2% interest

According to the TBC website, original stakeholders who purchased €100 of TBC on March 21, 2016, all received 10,000x gains in six months’ time and are millionaires. The site goes on to say that anyone who purchases soon will earn similar gains. Finally it says, “Buy as much TCB as you can afford today. The price of TBC will never be this low again!”. There’s also a video version of this post narrated by a $75 spokesperson on Fiverr.

TBC fiverr gig

As we stated before, at the time of writing, the alleged price of 1 TBC was 68 BTC, and it’s now 105 BTC, so it would be tough to really load up on it. To create one billion millionaires is TBC’s mission, or so the site says. TBC also wants to end world poverty. In all reality, its makers have lined their pockets scamming people and might disappear any minute.

TBC on Bitcointalk

Enough about the cheap website. Let’s take a look at what members on Bitcointalk have to say.

On Bitcointalk, there’s a thread about TBC that was started on May 16, 2016. The original poster, savasori, has a trust rating of -2, meaning “trade with caution.” He explains the idea behind TBC in one large block of text that’s nearly impossible to read. The second comment by Woody20285 sums it all up pretty well:

TBC BitcoinTalk

Anyone who has been in the cryptocurrency industry long enough knows that this type of scenario can never be true.

Another comment by leigh2k14, a legendary member on the forum, says, “Time to sell the wife and kids, I’m all in on this bad boy.” You’ve got to appreciate the sarcasm.

At the end of this Bitcointalk discussion, one user asked, “[Is] this [a]scam or not?” Mr.Pro, a senior member, quickly replied, “I don’t know if you are blind or dumb or maybe it could be both.”

The TBC Wallet Is Disabled

In relatively recent news, the TBC web wallet was disabled on January 31, 2017, and all holders were encouraged to move their coins to yet another centralized site, which apparently doesn’t work either.

Because there are no open exchanges that allow for TBC to be traded and the TBC mediated exchange doesn’t work, holders have to convince others to buy their coins. In terms of P2P sales, generally on Facebook, the only way to sell TBC is to rope someone else into the scam.

Holders were allegedly trying to sell their TBC though Facebook groups for less than $0.05 each—a far cry from their listed price of $286,000 each—just to recoup some of their losses.

The real value of TBC is 0. Truthfully it’s absolutely worthless, so don’t allow these con artists to separate you from your money by convincing you to buy this coin.

Who Does This Scam Target?

The TBC scam isn’t targeted at people who are already actively trading cryptocurrencies and understand the business. Instead, it’s aimed at people in third world countries, and it’s trying to separate them from their hard-earned money. For the most part, TBC is being heavily promoted in Africa and the Philippines. TBC scam artists are simply robbing poor people.

The sad truth is that they’re good at it. According to Similar Web, TBC’s site gets around five-hundred thousand visits per month.

TBC traffic

Don’t Buy The Billion Coin!

To recap, the TBC scam took place between April 2016 and June 2016. If this scam, or one similar to it, comes back online, avoid it like the plague. Don’t invest in anything that makes impossible claims of something for nothing. I can also assume that the name TBC was intentionally chosen so that it might be confused with Bitcoin’s BTC.

While the makers of The Billion Coin claimed that their goal was to make one billion millionaires and battle world poverty, it’s clear that the real goal was to scam one billion people out of €100. If you’re presented with the opportunity to buy The Billion Coin, avoid it at all costs. In the future, remember that 99Bitcoins supplies you with tools such as the Bitcoin Scam Test to try to assess whether cryptocurrency opportunities are legit or not.

Had your own experience with TBC? We’d love to hear about it in the comment section below.

Eric Wolff

Eric Wolff has been trading and writing about cryptocurrency since 2013. He also writes about nutrition, health, and real estate. Eric is armed with a Bachelor of Science degree in Human Biology and an insatiable curiosity for how it all works.
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65 Comments on "The Billion Coin (TBC) Review – How a Scam Goes Bust"

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PAROSKY
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PAROSKY

A DEATH COIN CALLED…………TBC…………..

Max
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Max

IF U THINK TBC WILL A BOOM… TO ENRICHE YOUR POCKET, THEN U R A FOOL

Roeks
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Roeks

Ponzi and owners should be jailed.

Josh
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Josh
Just remember that are two laws which we must consider in this world pertaining to the creation of money or currency, particularly a cryptocurrency, they are the ‘The Law of Demand and Supply” and “Law of Abundance”. All monies including goods, and so with that cryptocurrency placed in the MARKET/S are under the “Law of Demand and Supply” with a system designed to manipulate and control the flow of the economy therein.Thus only few become rich, and they are the ELITES. While currency and cryptocurrencies under the ‘Law of Abundance’ respects the Wisdom of God which is found in the… Read more »
Mency
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Mency

If your mind can only accept what we have been used to, well you will never accept TBC because TBC will never be the way you want it to be. TBC creates path for deliverance. Enough for artificial scarcity made by the super wealthy elite. if all you can understand is the law of supply and demand of the market be it for you. But to us it is freedom!

Okeya
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Okeya
Before you comment and swallow everything that is written here hook line and sinker to be true, remember that there is an injunction that “The following article reflects the author’s opinion alone and is not investment advice” So, you should take this guy’s opinion with a pinch of salt. A wise investor is not easily discouraged by what he sees or hears, but follows his intuition. From the write up, the author said that he isn’t sure the TBC/BTC exchange site actually existed. That alone should let you know that you are reading from someone who do not have all… Read more »
Charles Aziz
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Charles Aziz
WHAT IS A CRITIC IF NOT ONE WHO READS TO QUICKLY, ARROGANTLY, BUT NEVER WISELY. This is a coin that by all means, has the ability to change the dynamics of the global financial standard. No human or living thing in existence was ever created to dwell in scarcity. All at some point in existence was in abundance in every variety. Just for the fact that someone/some people could think up a concept as liberating as TBC, simply goes to show that it is as real as it is already. For those who have been so convinced and gullible enough… Read more »
J. Doe
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J. Doe

It actually gets worse. The TBC Admin is now unlocking wallets of higher-ups. In order to get your wallet unlocked, you must pay admin $10 (there’s over 1 million members now, so potentially $10 million for Admin just there) AND you must PURCHASE $100 worth of TBC from a TRUSTED seller in order to become a trusted seller.

So basically, pay $10, spend $100 to an upline, then you can get downlines who can buy from you. If thats not a pyramid (Ponzi Scheme) then I don’t know what is…

J. Doe
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J. Doe

Oh, also forgot to mention this gem. Some of the “Trusted Sellers” are offering to “Partner” with people who have locked wallets on a 50/50 basis. So you bring in $1000 sale, you send $500 to the trusted seller and keep the other $500, then they send the TBC to the buyer. I understand this is considered 50% commission from the Trusted seller to the non-trusted, but, technically isn’t this breaking the user agreement? Isn’t the trusted seller ACTUALLY selling their TBC for a 50% discount?

MICHAEL IHEANACHO OKA
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MICHAEL IHEANACHO OKA

THEBILLIONCOIN will be a shocker to many.
My advice to doubters is this, join for free thru the free giveaway going on now so as not to regret 100% of your unbelieve.
Everyone has a dream and because mine is different from yours dosen’t mean that mine should be castigated and rubbished.
TBC is user based not market based.
No one can manipulate the price
I believe in TBC.

J Guru
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J Guru

You have been SCAMMED!

Abayomi Oloyede
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Abayomi Oloyede

When I read your first statement without checking your name, I guessed this must be my fellow Nigerian. Oh, my gullible brother! I bet 90% of those who comment against this post are Nigerians.

A coin that’s not influenced by market conditions, but increases perpetually. How possible is that? It’s naive to think so.

Eric Wolff, thanks for sharing this. This scam is most prevalent in Nigeria

Mushafau
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Mushafau

I actually was confused reading comments before yours, buy yours make it clear that those against the scam position of Eric are probably those benefiting from the ponzi or trying to protect their investment.
The evidence are glaring, only for some one with a clear thinking.

neeraj
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neeraj
i watched the authors comments and also watched latest update video on tbc blog where speaker explains that tbc is based on “abundance” agreement where the coin rises 1 to 5% every day so it is like a private placement for people who agree to agreement and has nothing to do with coin market cap so comparing is not going to help. regarding the tbc wallet disabling regular updates were given in the blog . As it is not a part of coinmarketcap TBC on Bitcointalk will always have criticism so cannot rely on it You can get free kringlecash… Read more »
J. Doe
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J. Doe
You can join free, but you have to pay $10 and buy $100 to get your wallet unlocked, so its not FREE is it, you have to pay $110 to join if you want to actually USE your wallet… The author here clearly did not join TBC at the start, I did, I understand the abundance and I considered Admin increasing the daily price similar to Governments controlling the price of the USD, so I understood that and the “Agreement” if everyone stuck to it would work. However, TBC is now turning into a Ponzi Scheme. You now have to… Read more »
Tarnz Hema
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Tarnz Hema
Dude….u don’t have to any money. The $10 if u want ur “office” site and use of the wallet spending feature. Not really an issue because majority are waiting till it reaches the million value. I havn spent a cent on the coin yet my wallet is at $300 and growing daily. All possible because I took advanrage of their free offer. So just relax, have a bourbon and just know that people are not loosing hundreds or thousands on a ponzi scheme but majority will sit and watch it grow and some may even sign up others to increase… Read more »
Ken
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Ken

TBC IS A SCAM I AM A VICTIM one centralized wallet the send button is turned off you must pay $10 in bitcoin instead of TBC and you must buy another $100 worth of TBC for your send button to be turned on so I I’ll not be fooled into putting my hard earned money into TBC ITS ALL SCAM

Oyinkuro Dibagha
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Oyinkuro Dibagha

This is indeed an eye opener. We must be careful of all these professional scam artist using the internet. Thanks bro for the analysis.

TBC is for ignorant
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TBC is for ignorant
TBC market is for new in cryptocurrency,they don’t know the technical consequences.tbc its100% scam no doubt about it.people always see and think the prices.lol a digital price haha TBC admin is anonymous because they want u to know about his life because he or she has plan to scam you lol THE PEOPLE SAYING THAT TBC IS LEGIT IS THE PEOPLE WITH FULL OF IGNORANCE IS THIER MIND. TBC MEMBERS,DONT BE BLIND.DONT LET TBC ADMIN SCAMMED YOU.ADMIN CONTROL YOUR WALLET.LOL.ADMIN KEEP ON COLLECTING MONEY WHILE THE WALLET IS DISABLED.ADMIN WANT TO COLLECT MONEY.THATs IT!ARE YOU AWARE HOW MANY MONEY EVERYDAY… Read more »
Peter
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Peter

Whenever there is some new ideology,many doubters like yourself call it scam. You will watch before your very eyes that the world will change like never before. Forget about your market cap stuff.TBC is user based not market based..The software is still upgraded. Eventually, it will dawn.. Doesn’t scare anyone. For the desperados of quick-fix wealth, TBC is not for you.

Allwellking
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Allwellking

TBC all the way; a currency that is not dependent or determined by market basis but users, system and ideology. Hope u all end up not regretting taking advantage.

J Guru
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J Guru

So you guys said about MMM until it bursted.

gene
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gene

great article, 100% true.

I did a review on TBC the billion coin scam 3 months ago. check it out

Erhiga
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Erhiga

All those claiming TBC is a scam including the writer, would soon go behind in the nite looking for TBC to buy when the fiat exchange starts in a months time.

Emeka Okechukwu
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Emeka Okechukwu

You mean the fiat exchange that is goin to never happen

Ikenna Ijezie
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Member
Ikenna Ijezie

How easy greed clouds the mind of man.

Ikenna Ijezie
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Member
Ikenna Ijezie

TBC hit some of my friends down here in Nigeria. I don’t feel bad for them though because I sang all the reasons mentioned in this post to them after I did an extensive research on this scam coin,TBC early this year. I do actually feel bad for the ideology and impression such scams and Ponzi schemes has created about cryptocurrencies in the minds of the populace in my country.

Sani
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Sani

I’m from thesame region as you and people here are so gullible to these stuff. Such a pity.

Mikayah Olali
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Mikayah Olali

I agree with the analysis. Someone brought TBC to my attention and I was pretty surprised that an alt coin exist with a sizeable market cap through “word of mouth” only.

Thanks again. I shall direct the party to this review.

Salim Ajobe
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Salim Ajobe

MindSetter you don’t sound convincing at all. You haven’t disapproved the allegations levelled by Eric Wolff against TBC. TBC’s website being inactive for over a year, failure to sell TBC and hypothesis of the value of TBC increasing and never decrease. No market in the world operates that way. So Mindsetter you must substantiate your claims with conc evidence. We might not be pros in Bitcoin, but at least we’ve done some economics.

Princeton
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Princeton

Yes, the admin is very right in all senses.
I warned some of my friends here in Nigeria not to invest in TBC cos when I checked the coin market cap, it wasnt listed there.

Yet, some gullible Nigerians here put in huge bucks even up to $2000…and I asked one of them that how will he trade it and convert, he cant find an answer.., I showed him Poloniex, bitterex so on, TBC was no where to find…

Good work admin. Keep it up

Trypt
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Trypt
This one as you say is very obviously pure SCAM… But what about those of us that have some knowledge of crypto coins, maybe even mine a bit, would like to scout coins not on the big board that might be legit… How about a crash course in that and the steps? Here you give hits at some basics like checking the big board and then the coin world market. Can you walk through one up and coming coin and how it PASSES the validity tests. Still does not guarantee a winner but weeds out the trash like TBC which… Read more »
David
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David

There are some seriously gulible people in this world. And some serious liars.

John
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John
Right now based on many reviews I have read from financial & cryptocurrency analysts is that TBC is a scam by all standards. However, the creator & faithfuls are optimistic by assumption of acceptance in the nearest future to be legit. Therefore, everyone stands a chance to loose/gain huge or small of their investment. My question is why are TBC members blocked for selling below the acclaimed price value of the coin? Why must one buy to activate send button despite been given a free gift? Its claimed that as more members come on board by investing at least $10… Read more »
Michael o
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Michael o

This is a personal view of the writer and not the basic truth. Don’t forget the man that uses 10,000 for pizza though he was smart by using a worthless stuff for food not knowing he dose that to his detriment. Even the similar all knowing Google called Btc same till 2015 (6years from inception. Abundance is real and as for me, I and myself, “we” stand with TBC.

Allwellking
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Allwellking

I stand side by side with you bro, TBC all the way; a currency that is not dependent or determined by market basis but users, system and ideology. Hope u all end up not regretting taking advantage.

gene
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gene

lmao your delusional

Falcon GH
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Falcon GH
For ignorant and close minded people, I understand that every new innovation for them is always be a scam. Bitcoin was the first cryptocurrency with the mission to decentralized money in 2009. Everyone called it a scam. In 2010 (a year later) first transaction was recorded when a young man exchanged 10,000btc for pizzas worth $25. In 2011, a man exchanged 1000btc for an old 1984 Nissan sedan car (2 years after launch). 2013 was a year if breakthrough for bitcoin after Bill Gates investment and Microsoft as its first merchant (4 years after launch). Ethereum was launched with a… Read more »
emi
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emi

Why collecting 10 dollars again from investors for fiat nonsense. is it not continuous scamming?

Mikayah Olali
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Member
Mikayah Olali

Everything in this world of ours goes up and comes down. If the price of TBC is always going up irrespective of the laws of demand and supply, it’s creators might as well offer it for free with no strings attached.

Sheila JACQUET
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Sheila JACQUET

it would be wise on the part of you people to do some serious research comparing TBC to bitcoin which there is quite a difference since we are abundance base and 1 euro times one member is the formula that increases the value of TBC it is quite contrary to the ones on he stock exchange which I also own, you’re going to be shocked!!

Wikimonie
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Wikimonie

You have ignorantly shared your opinion about TBC which is not an issue here. To ever new invention, time will always tell.

EVEREST
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EVEREST

May God help those that are still blind to the fact that the so called tbc is a PURE SCAM.

Tonguetalking millionaire
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Tonguetalking millionaire

What was your opinion wen bitcoin was first launched. hypocrites and fools…we stand with tbc till it finally turns out to be scam finally..
If u dnt believe in it why condemn it….Every thing in life is a risk so if it turns out to scam its part of life..

Jonny q
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Jonny q

Bitcoin was the first ever cryptocurrency. It was the first of it’s kind, so don’t be surprised if people called it a scam back then. Many cryptos have come after bitcon; Litecoin, ethereum, monero etc. Why didn’t they receive accusations that they were scam. Why is it that only TBC and Onecoin are accused of being scam. Why is the admin taking $10 for this fiat nonsense which will never even happen. 1 TBC is like $300,000. Which exchange will even exchange it, where is the funding even going to come from.

Damian Lall
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Damian Lall

To warn others?

John
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John

Well the Life we live is all about risk taking, and I have taken that risk in believing in TBC. I don’t care about your criticism I believe there is a great future for TBC.

Jonny q
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Jonny q

Lol. Not all risks are worth taking. Will you see a bear and walk straight straight into it?

Anesu
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Anesu

if the bear is holding a sack of gold…..hell yeah

Aina Ifeouwa
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Aina Ifeouwa

Thanks Eric and Ofir.. I have warned my guys here in Nigeria. These TBC guys can go to anylength to advertise their scam coins. Making it more difficult for new invtestors believe in cryptocurrencies. Enough of the arguments @mindsetter or whatever.

MindSetter
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MindSetter
*RESPONDING TO CRITICS* I normally would not respond to destructive criticisms but I reckon that some Giants may get discouraged if I don’t respond to criticisms against TBC especially as generated by the recent Facebook post of Dan Lutz. Giants, the Evil in the world is not as a result of the violence of bad people but of the silence of good people. You must stand up to defend what you believe in or the ignorant people who have been brain washed by the Elites will make You believe you are on the wrong course. *THEY SAY, TBC IS NOT… Read more »
Anesu
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Anesu

Wooow hardcore facts

Tamunoiyowunate Jenewari
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Member
Tamunoiyowunate Jenewari

Aww, so sorry you can’t see through TBC to realise what it really is. Hope you only invested 10 dollars to be safe, otherwise many are in for a serious heart attack when the cookie finally crumbles

MindSetter
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Member
MindSetter

Funny you………we have 1000+ useless coins in the market cap and you want TBC to be part of those useless coins? The information given above is totally false. All market coins are slave to bitcoin and you are happy about that……TBC has created a new path. The truth is that Bitcoin created it own path and who ever follow that path will be in slavery. I LOVE THE MISSION OF TBC

TBC LOL
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Member
TBC LOL

LOL

MindSetter
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Member
MindSetter

I totally disagree with you. You don’t have much information about TBC.
First of all TBC is not a Maret Base Coin and will never be. TBC is a user bar coin.
All market base coins are slave to Bitcoin and TBC will not follow that path. Don’t forget Bitcoin was once called called Scam and it took 4yrs for them to get an exchanger. TBC is just a year. Also there is always and update so don’t say what you don’t know . I wish i could have one on one chat with you.

furriephillips
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Member
furriephillips

I’ve just reported the video as a scam and so should all of you – not to punish the perpetrator, but to prevent further loss, by vulnerable people.

melody
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Member
melody

Scam or not….if 1billion people accept TBC as means of exchange..then it has come to stay….so instead of sitting down to write all of the above, i would advise you purchase some too….incase it turns out to be accepted as a means of exchange.

Jonny q
Guest
Member
Jonny q

There is no way 1 billion people will ever use TBC. It’ll never happen. How many of the world’s population even have internet. How many even have bitcoin. The earlier you realize that TBC is a scam, the less you get hurt.

B G
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Member
B G

Hi,
I’m not going to deny the difficulty of exchanging TBC. I haven’t been able to do it successfully. Nobody wants to buy any of the 10TBC that I own (it started with a $100 gift from a friend). I’m only commenting to say that Dan Lutz is the person who started TBC and he does videos on YouTube almost daily.

Andrez
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Member
Andrez

So B G, why are u still holding on to your 10 worthless TBC? Then give it out some someone else who believed in the Mission of TBC.

Escarl
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Member
Escarl
Well all i am doing right now is to wait and see with this TBC coin. I received at first $45 in TBC Coin and since i joined about two months ago i now have over $150. I won’t buy any and if i am buying i am only buying $10 worth to be a tester to exchange to fiat currency and to enable the send button according to them.It seems like a great concept would be nice if this would be a reality just have to wait and see. All comments are valuable about it and everything about it… Read more »
Longded
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Member
Longded

To be fair, what was your submission about bitcoin in 2009, 2010, 2011, 2012? Were you convinced that it was workable? Many called it a scam up till today. I fell that one’s position on certain issues that have an iota of possibility should not condemned out-rightly so that your future opinions could be considered. The history of money should make you pause on the emergence of a thing like this. Research never ends.

onyemagabriel
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Member
onyemagabriel

sorry u don’t know what TBC is all about

david
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Member
david

Leave mumusss let them stand and see ,,when Bitcoin came Your so called google and trader saiad it was scams but that scam today if you dont see and get you can trade internationally ,Fools

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