Bitcoin does NOT have scarcity because it is capped at 21 million.
This is the most hilarious thing ive read from you in a long time. Scarcity means the supply relative to other goods. You cant get more than 21 million Bitcoin no matter how hard you will try, or how many numbers exist. It cant get more scarce than this. This is like saying that O2 molecules have scarcity because they are put in a container that by that definition can take only limited number of those molecules. In the same way Nakamoto put limited amount of numbers (21 million) in their container and gave them the name bitcoins. That doesn't make these numbers scarce, because numbers are all around us, just like O2 molecules.
This is like thinking land on earth isnt scarce too, because theres trillions of other planets that have land too. P.S. You can transcribe value of one resource only to another resource. Because resources provide utility and it's is utilities of the resources what is transcribed.
Bitcoin is a number that you get next to your address, not a resource that provides utility which is why there's nothing to transcribe to.
K i have a simple question for you, what is the task of money? Why didnt we keep doing barter? There's one problem in you thinking. Bitcoin is a number. Just because numbers in Nakamoto scheme are limited that doesn't make them scarce. Numbers are all around us. So basically, a person or a group of people put numbers in the box, give them the name "bitcoin" and convince you to purchase numbers because bitcoins are limited. Which is as stupid as putting air in the box, giving the air in the box the name "boxair", and convincing people to purchase air because boxair is limited. Hahaha. You people are the participants in the stupidity never seen in human history. That's one of your problems. Narrow mind and vision. Bitcoin is not just a number. It's way more than that. And the 21 millions are 21 millions. It doesn't matter if there are more numbers. Once more, define scarce. When you say scarce you have to compare two things. You're not doing such! Nobody put nothing in anything, that's just your useless opinion. Once more, 0 facts! But keep going, you're giving me sats! After purchasing bitcoins you have number. Nothing else. No resource to utilize. Just number next to your address. Every idiot can create a scheme that attributes numbers to people's addresses. There's no scarcity in this. You people are literally buying numbers that you can create by yourself for free. Such stupidity was never witnessed in human history. |
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I must disappoint you. Bitcoin is not God. It's not a person. It's not a living being. It cannot do anything. It's a number. Or more precisely, it's a unit of the number 21 million that an anonymous person created in their imagination and falsely presented as money in order to scam naive and gullible people out of their resources. Protocols and network are just means to transfer units and subunits of Nakamoto's imaginary number between those naive and gullible people.
You present facts you say. In the above quote I see only 7 personal opinions deprived of any useful content, backed by the same thing as your so called resource "debt", which is thin air! Were are the facts, arguments? Nowhere to be seen. So, we shall not act upon your ridiculous opinions that can't even stand on their own! .....
Their only purpose is to inform about the size of a resource transferred in the banking system (debt). Debt is a resource because it provides utility to number holders at debt payment as explained in the OP.
So, stop insulting numbers in the banking system by calling them shit. You look ridiculous.
Debt is a resource my ass! It provides shit other than slavery to the people, socialism and capitalism for the rich, politics, corrupts and other people like that. Society middle classes are wiped out at the expense of your so called (stupid) resource "debt". Debt is not a resource just because they tell you it is. You're so naive that chickens can see clearly what you cannot see! You're the ridiculous one here and you haven't even noticed it even after 30 pages! If I teach a chicken where food is, she learns in like 5 attempts or so. If I teach her where danger is, I bet she learn in less than 1/10 of the examples given to you here showing the value underlying Bitcoin! Allow me disappoint you by informing you that you're dumber than a chicken! https://www.reddit.com/r/Damnthatsinteresting/comments/vs6zyj/monetary_issue/You said nothing new, but only started to insult debt. Debt simply means that one borrowed something from someone and must return it in the future. There's nothing wrong with that. It's a normal business between people. You're again looking ridiculous by insulting this. Tell me you're naive without actually telling me you're naive! lol. So why the hell are we so fucked up in terms of economics? How the hell middle classes are about to be extinguished? How are we being lied about inflation? Why are prices spiking? Are you a retard? Can't you see that this shiat coin and shiat system can't work because of the people behind it and because of the lack of properties to turn it into a sound money? Where have you been living? Under the skirts of your mom, for sure! Jeezzz. Putin said, and he's absolutely right, that you only need to be able to read to understand these things, but what the hell? You can read and apparently write, but you understand nothing! It must be something else! If I don't need the consumption of products today and because of that I borrow products to someone else, the thing that is created is called debt. The banking system helps in that borrowing via fiat currency, collaterals and loan contracts and make sure that the products are returned to me in the future. So, it's a legitimate business between the adults. Why do you keep insulting legitimate business between the adults? What is your problem? I mean, you literally buy numbers, which are all around us, just because an anonymous person put them in their box and give them name. You should insult yourself for this stupidity, not the adults that exchange resources. |
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Bitcoin does NOT have scarcity because it is capped at 21 million.
This is the most hilarious thing ive read from you in a long time. Scarcity means the supply relative to other goods. You cant get more than 21 million Bitcoin no matter how hard you will try, or how many numbers exist. It cant get more scarce than this. This is like saying that O2 molecules have scarcity because they are put in a container that by that definition can take only limited number of those molecules. In the same way Nakamoto put limited amount of numbers (21 million) in their container and gave them the name bitcoins. That doesn't make these numbers scarce, because numbers are all around us, just like O2 molecules.
This is like thinking land on earth isnt scarce too, because theres trillions of other planets that have land too. P.S. You can transcribe value of one resource only to another resource. Because resources provide utility and it's is utilities of the resources what is transcribed.
Bitcoin is a number that you get next to your address, not a resource that provides utility which is why there's nothing to transcribe to.
K i have a simple question for you, what is the task of money? Why didnt we keep doing barter? There's one problem in you thinking. Bitcoin is a number. Just because numbers in Nakamoto scheme are limited that doesn't make them scarce. Numbers are all around us. So basically, a person or a group of people put numbers in the box, give them the name "bitcoin" and convince you to purchase numbers because bitcoins are limited. Which is as stupid as putting air in the box, giving the air in the box the name "boxair", and convincing people to purchase air because boxair is limited. Hahaha. You people are the participants in the stupidity never seen in human history. |
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So I think what you are saying is that Bitcoin doesn't have any inherent value in it. This I believe (to the best of my knowledge, someone correct me if I am wrong. I am also still learning) is true. Bitcoin price is simply determined by supply and demand. And like gold or silver or copper, exchanges have put a price to the scarcity of Bitcoin and the demand for it which is what determines price.
Supply and demand are concepts that refer to resources traded in the market. Bitcoin is not a resource. It's a number that you get when giving your resources to someone in order to join Nakamoto scheme. So, bitcoin has nothing to do with supply and demand. The same is true for the concept of scarcity. Only resources can be scarce. Bitcoin scarcity is an oxymoron. Bitcoin is a number. Numbers are infinite in quantity. But Bitcoin does has a scarcity, it is capped at 21 million. It's a number that you get when giving your resources to someone in order to join Nakamoto scheme.
Thus doesn't the value of your resources get transcribed to bitcoin. Isn't this how gold gets its value? If (hypothetically) suddenly people said gold is not useful, then its price would drop because the value of the resource (our time + energy) that we are willing to pay for it is less. Bitcoin does NOT have scarcity because it is capped at 21 million. This is like saying that O2 molecules have scarcity because they are put in a container that by that definition can take only limited number of those molecules. In the same way Nakamoto put limited amount of numbers (21 million) in their container and gave them the name bitcoins. That doesn't make these numbers scarce, because numbers are all around us, just like O2 molecules. P.S. You can transcribe value of one resource only to another resource. Because resources provide utility and it's is utilities of the resources what is transcribed. Bitcoin is a number that you get next to your address, not a resource that provides utility which is why there's nothing to transcribe to. |
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I must disappoint you. Bitcoin is not God. It's not a person. It's not a living being. It cannot do anything. It's a number. Or more precisely, it's a unit of the number 21 million that an anonymous person created in their imagination and falsely presented as money in order to scam naive and gullible people out of their resources. Protocols and network are just means to transfer units and subunits of Nakamoto's imaginary number between those naive and gullible people.
You present facts you say. In the above quote I see only 7 personal opinions deprived of any useful content, backed by the same thing as your so called resource "debt", which is thin air! Were are the facts, arguments? Nowhere to be seen. So, we shall not act upon your ridiculous opinions that can't even stand on their own! .....
Their only purpose is to inform about the size of a resource transferred in the banking system (debt). Debt is a resource because it provides utility to number holders at debt payment as explained in the OP.
So, stop insulting numbers in the banking system by calling them shit. You look ridiculous.
Debt is a resource my ass! It provides shit other than slavery to the people, socialism and capitalism for the rich, politics, corrupts and other people like that. Society middle classes are wiped out at the expense of your so called (stupid) resource "debt". Debt is not a resource just because they tell you it is. You're so naive that chickens can see clearly what you cannot see! You're the ridiculous one here and you haven't even noticed it even after 30 pages! If I teach a chicken where food is, she learns in like 5 attempts or so. If I teach her where danger is, I bet she learn in less than 1/10 of the examples given to you here showing the value underlying Bitcoin! Allow me disappoint you by informing you that you're dumber than a chicken! https://www.reddit.com/r/Damnthatsinteresting/comments/vs6zyj/monetary_issue/You said nothing new, but only started to insult debt. Debt simply means that one borrowed something from someone and must return it in the future. There's nothing wrong with that. It's a normal business between people. You're again looking ridiculous by insulting this. |
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So I think what you are saying is that Bitcoin doesn't have any inherent value in it. This I believe (to the best of my knowledge, someone correct me if I am wrong. I am also still learning) is true. Bitcoin price is simply determined by supply and demand. And like gold or silver or copper, exchanges have put a price to the scarcity of Bitcoin and the demand for it which is what determines price.
Supply and demand are concepts that refer to resources traded in the market. Bitcoin is not a resource. It's a number that you get when giving your resources to someone in order to join Nakamoto scheme. So, bitcoin has nothing to do with supply and demand. The same is true for the concept of scarcity. Only resources can be scarce. Bitcoin scarcity is an oxymoron. Bitcoin is a number. Numbers are infinite in quantity. |
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It seems you are unbale to understand a single word about the crap you keep saying about shiat coin/currency/whatever fancy shit you wanna call it! You seem to have brain limitations in the sense that you simply cannot understand what is underlying the Bitcoin protocol, the network, the economic properties and many other things. The only thing you see is what you keep claimimg as if Bitcoin couldn't do 10x better than your shiat coin.
Whatever you can think a shiat coin can do good, Bitcoin can do it 10x better, safer, faster, etc!
You say that shiat coins are numbers that show the quantity of a resource in the form of debt. Well, Bitcoin can do that 10x better and removing all the negatives of a shiat currency. If you say that shiat coin (which is a number) shows the quantity of a resource, Bitcoin may be the same number and also show the quantity of a resource! You make no sense...
I must disappoint you. Bitcoin is not God. It's not a person. It's not a living being. It cannot do anything. It's a number. Or more precisely, it's a unit of the number 21 million that an anonymous person created in their imagination and falsely presented as money in order to scam naive and gullible people out of their resources. Protocols and network are just means to transfer units and subunits of Nakamoto's imaginary number between those naive and gullible people. Dollars, euros, pounds are also just numbers. They cannot do anything as well. Their only purpose is to inform about the size of a resource transferred in the banking system (debt). Debt is a resource because it provides utility to number holders at debt payment as explained in the OP. So, stop insulting numbers in the banking system by calling them shit. You look ridiculous. |
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You're just repeating nonsense conspiracy theories about fiat money. Fiat money is simply a record of debt just like an invoice is a record of the products or services provided to a costumer. All records are created out of thin air. But recourses, like debt, products or services are not created out of thin air. Debt for example is created out of loan contracts and collaterals. Bitcoin on the other hand, is not a resource. It's a unit of Nakamoto's imaginary number (21 million) whose record is stored on blockchain. It's a simple online scam falsely presented to the public as a payment system. In a payment system resources are transferred, and the quantity of resources is expressed with numbers written on paper or digitally. In Nakamoto's scam you have numbers but not resources. That's why those who join the scam by investing their resources must wait new suckers to join otherwise they are doomed.
I can see who's repeating non-sense conspiracy. "Oh, fiat money is simply a record of debt, bla bla bla bla". Where the hell debt is a resource? Debt is the most shittiest mechanism to create money out of nothing, because fiat is backed by absolutely nothing other than the electricity spent to print bills. Don't be ridiculous. That debt is what keeps your ass under their control. And apparently you like to have your ass controlled by others! And if you like fiat, and having your ass controlled by a bunch of bastards, you'll even like more those CBDCs. Bitcoin is not a unit of Nakamoto's bla bla bla you say. Bitcoin is a messaging protocol. Is a network. Don't be ridiculous. The only imaginary numbers I know are the ones to represent the square root of negative numbers! Those are the only imaginary numbers I know. Ahh and I also know about your imaginary/real fetish with fiat! You're just repeating irrelevant stuff and refuting nothing. Your personal opinion on debt won't change the fact that debt is a resource that provides utility at settlement. Bitcoin is indeed a unit of Nakamoto's imaginary number. Network that transfer the units of that number cannot magically turn these units into resources. So it's completely irrelevant on what protocols it operates. Likewise your supposedly correct definition/opinion of whatever imaginary number you talk about will not change the fact that that is one of the key properties your shiat coin lacks and therefore makes it (your shiat coin) a deflacionary crap that is filling your pockets of 0 value, backed by 0 resources (which some chose to call trust in government). You're refutting nothing either. Just because your moaning over and over again that Bitcoin is just transferring bla bla bla bla resources, doesn't makes it true, but for you! Keep trying! Debt is not based on trust. But on legally enforceable loan contracts and collaterals. More clockwork. More irrelevant stuff. More attempt of brainwashing. You just don't get it that you won't make your point. Your shiat coin will never be able to compete with any other form of sound money. Just because it can't, by concept, by definition, etc. It doesn't have the properties to make it thrive nor give people power to build better lives, build low time preference and build wealth. It leads to poverty, to distrust, to conflicts and high time preference. But you won't even understand what I just said! I know that dollars and all fiat currencies are worthless. Shit. Crap. I mean, they are just numbers written on paper or digitally. That's worthless. Just like invoices. They are also worthless. But the point is that fiat currencies, invoices and other documents just express the quantity of resources. Resources are what has value because they provide utility to people. Resources like products, labor, debt, patents, capital and so on. In Nakamoto scheme no resources exist. The scheme just transfers numbers between people. That's all. And people currently pay $20k to get number "1" transferred to their addresses. Which is a pure nonsense, craziness. But what you just said about resources and services and etc, can also be expressed (and actually are) in Bitcoin. So the same value you say there is in shiat coins, exist also in Bitcoin. I can't see your point! It seems you are unable to read. I said that shiat coins - that is fiat currencies, are worthless given they are just numbers that show the quantity of a resource in the form of debt. Resources have value, not numbers that quantify the resources. In Nakamoto scheme there are no resources. So, an anonymous person or a group of people created a simple online scheme for scamming you out of your resources. And instead of being pissed about that, you praise the scammers as if they are God. And you preach or teach from their Bitcoin Whitepaper as if it is a Bible. It is literally mind boggling how stupidity you behave. |
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I don't answer questions irrelevant to the topic at hand.
You are not answering to pertinent questions that were very relevant to the topic at hand either. You only see questions you feel like you can contradict. How do you feel seeing absolutely nobody in this thread agrees with you except yourself? Have you considered something must be wrong? - Regards, PrivacyG I decide what is relevant to this topic. You can have opinions but I won't act on them. I accept only arguments. Opinion are worthless. |
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Also, to prove your point in other practical terms, maybe you should tell/present this to some of the taxing agencies and ask why they are taxing 'numbers' made up from software and that you won't be paying any taxes on 'paper numbers' that were gifted to you.
They are taxing gains. You can make gains by joining or leaving Nakamoto scheme. So, what's your point? I want to ask if you currently have bitcoins, will you throw them out for free? or is today's world so stupid that many people want to invest in bitcoin? I was just wondering how smart do you think this is?
Let me return the question to you, let's assume you have a Bitcoin now, can you throw it away for free even though it has fallen big in the market? Then let me ask you, do you currently hold bitcoin no matter how much in your bitcoin wallet address? and if you have bitcoin right now, do you think it was a fool to buy bitcoin? Buying bitcoin so far even the price dropped so well in the market I could say it is a wise decision for me then hold, because bitcoin is really a good investment up to now. I don't answer questions irrelevant to the topic at hand. |
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You're just repeating nonsense conspiracy theories about fiat money. Fiat money is simply a record of debt just like an invoice is a record of the products or services provided to a costumer. All records are created out of thin air. But recourses, like debt, products or services are not created out of thin air. Debt for example is created out of loan contracts and collaterals. Bitcoin on the other hand, is not a resource. It's a unit of Nakamoto's imaginary number (21 million) whose record is stored on blockchain. It's a simple online scam falsely presented to the public as a payment system. In a payment system resources are transferred, and the quantity of resources is expressed with numbers written on paper or digitally. In Nakamoto's scam you have numbers but not resources. That's why those who join the scam by investing their resources must wait new suckers to join otherwise they are doomed.
I can see who's repeating non-sense conspiracy. "Oh, fiat money is simply a record of debt, bla bla bla bla". Where the hell debt is a resource? Debt is the most shittiest mechanism to create money out of nothing, because fiat is backed by absolutely nothing other than the electricity spent to print bills. Don't be ridiculous. That debt is what keeps your ass under their control. And apparently you like to have your ass controlled by others! And if you like fiat, and having your ass controlled by a bunch of bastards, you'll even like more those CBDCs. Bitcoin is not a unit of Nakamoto's bla bla bla you say. Bitcoin is a messaging protocol. Is a network. Don't be ridiculous. The only imaginary numbers I know are the ones to represent the square root of negative numbers! Those are the only imaginary numbers I know. Ahh and I also know about your imaginary/real fetish with fiat! You're just repeating irrelevant stuff and refuting nothing. Your personal opinion on debt won't change the fact that debt is a resource that provides utility at settlement. Bitcoin is indeed a unit of Nakamoto's imaginary number. Network that transfer the units of that number cannot magically turn these units into resources. So it's completely irrelevant on what protocols it operates. Likewise your supposedly correct definition/opinion of whatever imaginary number you talk about will not change the fact that that is one of the key properties your shiat coin lacks and therefore makes it (your shiat coin) a deflacionary crap that is filling your pockets of 0 value, backed by 0 resources (which some chose to call trust in government). You're refutting nothing either. Just because your moaning over and over again that Bitcoin is just transferring bla bla bla bla resources, doesn't makes it true, but for you! Keep trying! Debt is not based on trust. But on legally enforceable loan contracts and collaterals. More clockwork. More irrelevant stuff. More attempt of brainwashing. You just don't get it that you won't make your point. Your shiat coin will never be able to compete with any other form of sound money. Just because it can't, by concept, by definition, etc. It doesn't have the properties to make it thrive nor give people power to build better lives, build low time preference and build wealth. It leads to poverty, to distrust, to conflicts and high time preference. But you won't even understand what I just said! I know that dollars and all fiat currencies are worthless. Shit. Crap. I mean, they are just numbers written on paper or digitally. That's worthless. Just like invoices. They are also worthless. But the point is that fiat currencies, invoices and other documents just express the quantity of resources. Resources are what has value because they provide utility to people. Resources like products, labor, debt, patents, capital and so on. In Nakamoto scheme no resources exist. The scheme just transfers numbers between people. That's all. And people currently pay $20k to get number "1" transferred to their addresses. Which is a pure nonsense, craziness. |
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You're just repeating nonsense conspiracy theories about fiat money. Fiat money is simply a record of debt just like an invoice is a record of the products or services provided to a costumer. All records are created out of thin air. But recourses, like debt, products or services are not created out of thin air. Debt for example is created out of loan contracts and collaterals. Bitcoin on the other hand, is not a resource. It's a unit of Nakamoto's imaginary number (21 million) whose record is stored on blockchain. It's a simple online scam falsely presented to the public as a payment system. In a payment system resources are transferred, and the quantity of resources is expressed with numbers written on paper or digitally. In Nakamoto's scam you have numbers but not resources. That's why those who join the scam by investing their resources must wait new suckers to join otherwise they are doomed.
I can see who's repeating non-sense conspiracy. "Oh, fiat money is simply a record of debt, bla bla bla bla". Where the hell debt is a resource? Debt is the most shittiest mechanism to create money out of nothing, because fiat is backed by absolutely nothing other than the electricity spent to print bills. Don't be ridiculous. That debt is what keeps your ass under their control. And apparently you like to have your ass controlled by others! And if you like fiat, and having your ass controlled by a bunch of bastards, you'll even like more those CBDCs. Bitcoin is not a unit of Nakamoto's bla bla bla you say. Bitcoin is a messaging protocol. Is a network. Don't be ridiculous. The only imaginary numbers I know are the ones to represent the square root of negative numbers! Those are the only imaginary numbers I know. Ahh and I also know about your imaginary/real fetish with fiat! You're just repeating irrelevant stuff and refuting nothing. Your personal opinion on debt won't change the fact that debt is a resource that provides utility at settlement. Bitcoin is indeed a unit of Nakamoto's imaginary number. Network that transfer the units of that number cannot magically turn these units into resources. So it's completely irrelevant on what protocols it operates. Likewise your supposedly correct definition/opinion of whatever imaginary number you talk about will not change the fact that that is one of the key properties your shiat coin lacks and therefore makes it (your shiat coin) a deflacionary crap that is filling your pockets of 0 value, backed by 0 resources (which some chose to call trust in government). You're refutting nothing either. Just because your moaning over and over again that Bitcoin is just transferring bla bla bla bla resources, doesn't makes it true, but for you! Keep trying! Debt is not based on trust. But on legally enforceable loan contracts and collaterals. |
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There's an entire economy built around this currency, network and technology. You can continue whining about non-existent resources as much as you want, but that won't make it true.
Better just leave this place. Nobody seems to understand you, let alone agree with you.
Back to ignore.
Yeah, of course. There's an entire economy that profits nicely from transfers of numbers in Nakamoto scheme. But still, no resources are transferred in this scheme. |
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Money can be whatever resource that provides utility to people. You're the only person left who still doesn't recognize at least one utility. Meanwhile, we're enjoying benefits that are otherwise impossible to gain. Benefits such as: - Internet privacy
- Cheap transaction fees via the internet
- Nearly instant transaction settlement via the internet
- Censorship resistance in electronic transactions
You don't gain any of those in fiat. That's why it's valuable. That's what we're all years now purposelessly trying to tell you. These aren't benefits, but concepts created by the imagination of participants of Nakamoto scheme. There aren't any transactions in this scheme. A transaction is a transfer of a resource, and it is the resource what provides utility to people. Nakamoto scheme transfers numbers, not resources. |
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Money is not and it cannot Money can be whatever we want. Period. You hold no power to dictate what's money, what we're allowed to consider as money. The world you live in is consisted of people who make actions completely contradictory to your limited and conservative ideology. Our arguments concur with our perspective, you've just deliberately limited your mind, and find them invalid. But, we don't. Call us crazy, scammers, idiots if you that pacifies you mentally. But, you ought to admit it: We outnumber you; you're the only person left with this belief. And we've debunked the shit out of you in such way that every rational person, who's unfortunate enough to come across your big pile of shitposts which reveal how obnoxious little doughhead you are, understands you're objectively wrong. Perhaps it's time to acknowledge you are the problem and move on? Preferably to some sort of therapist. Money can be whatever resource that provides utility to people. The problem is that Nakamoto scheme is completely void of any resources. That's the reason why the current scheme participants must wait new suckers to join in, and bring the resources. |
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You're just repeating nonsense conspiracy theories about fiat money. Fiat money is simply a record of debt just like an invoice is a record of the products or services provided to a costumer. All records are created out of thin air. But recourses, like debt, products or services are not created out of thin air. Debt for example is created out of loan contracts and collaterals. Bitcoin on the other hand, is not a resource. It's a unit of Nakamoto's imaginary number (21 million) whose record is stored on blockchain. It's a simple online scam falsely presented to the public as a payment system. In a payment system resources are transferred, and the quantity of resources is expressed with numbers written on paper or digitally. In Nakamoto's scam you have numbers but not resources. That's why those who join the scam by investing their resources must wait new suckers to join otherwise they are doomed.
I can see who's repeating non-sense conspiracy. "Oh, fiat money is simply a record of debt, bla bla bla bla". Where the hell debt is a resource? Debt is the most shittiest mechanism to create money out of nothing, because fiat is backed by absolutely nothing other than the electricity spent to print bills. Don't be ridiculous. That debt is what keeps your ass under their control. And apparently you like to have your ass controlled by others! And if you like fiat, and having your ass controlled by a bunch of bastards, you'll even like more those CBDCs. Bitcoin is not a unit of Nakamoto's bla bla bla you say. Bitcoin is a messaging protocol. Is a network. Don't be ridiculous. The only imaginary numbers I know are the ones to represent the square root of negative numbers! Those are the only imaginary numbers I know. Ahh and I also know about your imaginary/real fetish with fiat! You're just repeating irrelevant stuff and refuting nothing. Your personal opinion on debt won't change the fact that debt is a resource that provides utility at settlement. Bitcoin is indeed a unit of Nakamoto's imaginary number. Network that transfer the units of that number cannot magically turn these units into resources. So it's completely irrelevant on what protocols it operates. |
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It seems like you fail to understand what Bitcoin is, no matter how articulate you may be and falsely assign a nefarious motive to Satoshi's actions. Satoshi has not benefited at all from the Bitcoin holdings that are still tied together in his name from the earliest mining, they've stayed in the same wallets all this time and it was only many years afterwards it reached unimaginable heights from such humble beginnings. It is the people who speculate with the value of Bitcoin who are deceiving each other - it is simply a currency like any other and is worth whatever the mass of people who share the world decide it is worth as a unit of trade. You are attributing the malicious actions and schemes of others against the creator of a technical marvel. It is a very wonderful concept - presenting the blockchain ledger of transparent and decentralized transactions that can go great lengths to preventing corruption.
I observe what bitcon is - it's a unit of Nakamoto's imaginary number (21 million). There's nothing here to "understand". It's all pretty simple. Regarding the holdings of Satoshi Nakamoto. How do you know how many addresses a person or people behind that name have, if everything is anonymous? But regardless, Nakamoto scammed people by claiming in the Bitcoin Whitepaper that they invented money and a payment system, when in reality they invented a system for attributing units and subunits of the number 21 million to online addresses of people. Money is a specific type of economic resources, while payment system is a system for transferring these resources. Money is not and it cannot be a unit of a number because there's no utility to compare with the utility of economic resources in a market exchange. |
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Satoshi Nakamoto brought a revolutionary digital money that is changing the world now. Many investors had made lots of money from this invention and more millionaires are still going to be made. Satoshi never fooled anyone, he just saved us from the government from running the lives of the masses. Bitcoin bring cryptocurrency and now there are many crypto projects in the market that are good for investing.
How are you saved from anyone or anything if you are giving your economic resources away when joining Nakamoto scheme and ending up in the units or subunits of Nakamoto's imaginary number, instead of another type of economic resources? There's simply nothing for the governments take away from you. This talk about freedom from the government is just a false narrative for luring the new suckers to join the scheme. |
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I'm not the thing here. You people are literally buying numbers from an anonymous guy. Just think about it. The guy comes up with a number 21 million and then sets up an online system to sell the units of that number to people. And people fell for it. Not only that, but they take the whole thing to the level of craziness where they pay $70.000 for a unit of that guy's number. And in your mind, I am somehow the problem? I am laughing my ass off when I read your responses.
It's true. I've been buying numbers my whole life from various nameless purported people and entities, with various morals and various agendas. I've probably paid for or enslaved myself to at least 20 different governments in my short life, in return for numbers, sometimes with a semblance of effort (paper) sometimes literally just made up numbers on an account they just change the numbers in arbitrarily. They didn't even have to go through the trouble of capping the number, it's factually unlimited, they didn't even have to provide me or themselves a way to see exactly how much numbers it is they've put out or who has them. Last year, one such government decided to print trillions more in paper to throw around. And people lapped it up, magic numbers magically made up and we all lapped in up. Welcome to the craziness. No, you have been buying debt, and being paid that debt by the borrowers in the market exchanges, even if you're not aware of that, because you don't ask market participants whether they are borrowers. Numbers in those exchanges were only information about how many units of debt you have had. Economic resources, such as debt, products, services, labour, equity... are what is sold or bought on the market, not numbers. Numbers just inform market participants about the quantity of the resources. In the Nakamoto's system, you're literally buying numbers. You're buying units of a number that Nakamoto created in their imagination(21 million). That's the definition of craziness. Even giving a dollar for a unit is craziness, let alone giving $70.000. You call it what you want. Debt, bank accounts, vaults, whatever, it's just numbers. What value those number have? 0. The only thing that is keeping any value, if any, is some supposed agreement we (the people) agreed with to our corrupt, greedy, liar governments, banks and major businesses CEOs, etc which control the polititians in each country. You seem to have no idea what you're talking about or you're just a son of one of those bastards that keep ading numbers to the pile of shitcoin we have been forced to use for ages and taking any value it may have! That's all. Numbers, meaningless numbers! https://www.youtube.com/watch?v=QFgcqB8-AxEOf course, you can call a resource whatever you want ... it's still a resource. Debt is a resource because it provides utility at debt repayment or settlement. Fiat currency is simply a numeric information about the size of debt. This information is written on banknotes or bank accounts. On the other hand, you can call a unit of a number whatever you want ... it's still a number. Bitcoin is a unit of the number 21 million. You can call it money, asset, digital gold. It's still a unit of that number. You can split it into subunits and call it Satoshi. It's still a subunit of that number. No resources here. Nothing to utilize. Just numbers that every idiot can create in their imagination. That's why you need new suckers to join the scheme and bring the resources in. Try to accept that Satoshi Nakamoto scammed you. They created an online scam in which they anonymously sell you units of a number that they came up in their imagination. And you naive and greedy suckers fell for that stupidity. Debt is a good resource to create more money out of thin air and devalue all bills and coins you have in your pocket. I give you that! I don't understand what you are trying to say (sell) when you mention the numeric information about the size of debt. It's unrelated to the fact that the numbers you're talking about are exactly the same as the ones you refer when you talk about Bitcoin. But in your mind, ones have value (whatever that means to you) and the others don't. You're inconsistent and make no sense! The numbers of your loved shitcoin have exactly the same resources as you say about the ones in Bitcoin. Zero, null, NaN. They represent even less than what they represented before 1971. They represent shit now. They represent the most paradoxal thing in history. Trust in a bunch of corrupt and greedy people! Yet, that's what makes you comfortable! The only consistency shown by you is that you fail to understand the digital side of all the properties needed to "make" a sound money! If your shitcoin was that good, why the heck are we living the times that we are living? Are you just acting stupid or are you really stupid? What you need to accept is that fiat uses no resources, have no resources, create no resources and is only used to control the brains of the retarded, by meaningless numbers. Check this please and make it loop https://www.youtube.com/watch?v=5AeO-dKGBLsOn the other hand, Bitcoin uses, resources, creates a resource (the currency to be able to be traded by goods/services/etc), needs no corrupt fuckers, greedy bastards to control it and it manages itself on it's own. You're living a huge lie and you can't even see it! How retarded can someone be? Open your eyes and your mind, don't be silly. You seem just another puppet that is passing by this earth with no goals, drive or anything! Sad! You're just repeating nonsense conspiracy theories about fiat money. Fiat money is simply a record of debt just like an invoice is a record of the products or services provided to a costumer. All records are created out of thin air. But recourses, like debt, products or services are not created out of thin air. Debt for example is created out of loan contracts and collaterals. Bitcoin on the other hand, is not a resource. It's a unit of Nakamoto's imaginary number (21 million) whose record is stored on blockchain. It's a simple online scam falsely presented to the public as a payment system. In a payment system resources are transferred, and the quantity of resources is expressed with numbers written on paper or digitally. In Nakamoto's scam you have numbers but not resources. That's why those who join the scam by investing their resources must wait new suckers to join otherwise they are doomed. |
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I'm not the thing here. You people are literally buying numbers from an anonymous guy. Just think about it. The guy comes up with a number 21 million and then sets up an online system to sell the units of that number to people. And people fell for it. Not only that, but they take the whole thing to the level of craziness where they pay $70.000 for a unit of that guy's number. And in your mind, I am somehow the problem? I am laughing my ass off when I read your responses.
It's true. I've been buying numbers my whole life from various nameless purported people and entities, with various morals and various agendas. I've probably paid for or enslaved myself to at least 20 different governments in my short life, in return for numbers, sometimes with a semblance of effort (paper) sometimes literally just made up numbers on an account they just change the numbers in arbitrarily. They didn't even have to go through the trouble of capping the number, it's factually unlimited, they didn't even have to provide me or themselves a way to see exactly how much numbers it is they've put out or who has them. Last year, one such government decided to print trillions more in paper to throw around. And people lapped it up, magic numbers magically made up and we all lapped in up. Welcome to the craziness. No, you have been buying debt, and being paid that debt by the borrowers in the market exchanges, even if you're not aware of that, because you don't ask market participants whether they are borrowers. Numbers in those exchanges were only information about how many units of debt you have had. Economic resources, such as debt, products, services, labour, equity... are what is sold or bought on the market, not numbers. Numbers just inform market participants about the quantity of the resources. In the Nakamoto's system, you're literally buying numbers. You're buying units of a number that Nakamoto created in their imagination(21 million). That's the definition of craziness. Even giving a dollar for a unit is craziness, let alone giving $70.000. You call it what you want. Debt, bank accounts, vaults, whatever, it's just numbers. What value those number have? 0. The only thing that is keeping any value, if any, is some supposed agreement we (the people) agreed with to our corrupt, greedy, liar governments, banks and major businesses CEOs, etc which control the polititians in each country. You seem to have no idea what you're talking about or you're just a son of one of those bastards that keep ading numbers to the pile of shitcoin we have been forced to use for ages and taking any value it may have! That's all. Numbers, meaningless numbers! https://www.youtube.com/watch?v=QFgcqB8-AxEOf course, you can call a resource whatever you want ... it's still a resource. Debt is a resource because it provides utility at debt repayment or settlement. Fiat currency is simply a numeric information about the size of debt. This information is written on banknotes or bank accounts. On the other hand, you can call a unit of a number whatever you want ... it's still a number. Bitcoin is a unit of the number 21 million. You can call it money, asset, digital gold. It's still a unit of that number. You can split it into subunits and call it Satoshi. It's still a subunit of that number. No resources here. Nothing to utilize. Just numbers that every idiot can create in their imagination. That's why you need new suckers to join the scheme and bring the resources in. Try to accept that Satoshi Nakamoto scammed you. They created an online scam in which they anonymously sell you units of a number that they came up in their imagination. And you naive and greedy suckers fell for that stupidity. |
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