Yeah well those "numeric values" are backed by mining power.
If all miners everywhere stopped mining then the asset backing bitcoin will disappear and the price will sink to zero. But since more miners are joining, the amount of backing asset increases, which supports higher Bitcoin processes. This is not an activity you can just plug into a supercomputer with current time and space capacity and "simulate" it, whatever weird meaning you have for that.
Right here, you have in the Bitcoin network an "environment where resources are produced and exchanged". You can stop spreading disinformation now.
You got it all wrong. Let me help you understand. Power or energy is spent on verifying numeric attributions There's no some energy stored somewhere for bitcoin holders to access and use. All the energy invested by miners is spent for a chain of digitally signed numeric attributions to grow. That chain is a record of simulated transactions with electronic coins. Coins are simulated via numeric attributions. They don't exist in reality Just like the items in the Monopoly game. |
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Here, we will use the definition of coins given by Nakamoto themselves in order to demonstrate that they invented no such system.
You fail to understand that the implementation of Bitcoin is not the same as described in the whitepaper. For example, you say it's not backed by anything. The whitepaper does not mention this, but the coins are backed by a corresponding amount of mining hashpower. I am not disputing the implementation of Nakamoto's simulator. I am just showing why Bitcoin - a chain of digital signatures, is freely available to everyone, and why it is just a component of the simulator. The main issue with that (as many people have pointed out to you in previous threads) is that Bitcoin is not a simulator. Bitcoin doesn't have the required parts that would make it a simulator. For instance - all simulators are deterministic - for a given input, you can get the same result over and over again. This is not true for Bitcoin because the from a probability point of view, the miner that successfully mines a block is picked at random from the set of miners. If it is not deterministic, it cannot be a simulator in the first place (if it was, then it could not be money). Hahaha. You have a big imagination. You cannot change reality by playing semantics. It's a simulator in a sense that by mimicking the recording process, it simulates the environment where resources are produced and exchanged. Because in the majority of such exchanges numeric values are used to count the quantity of transferred resource units. Nakamoto's system is not the environment where resources are produced and then exchanged. However, by using and recording numeric values, the illusion of such environment is created. This makes Nakamoto's invention a simulator. And this has nothing to do with some determinism - whatever you meant by this abstract concept. |
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Given that Nakamoto’s invention has no resources to exchange, this makes it a simulator, a Monopoly-style game, and not something that relates to real money or economy.
I’m not really good with economics, maybe someone can help explain to me, but from my own understanding- everything is either backed by debt or belief of the people that such asset has a value right? Even the fiat we are all using today has value because we all believe that it does right? Which is why the government can devalue it at anytime. So why do people have problem with Bitcoin? And moreover it’s not like bitcoin is something that anyone can easily get, only few people can afford what it takes to mine Bitcoin, which is why it is very scarce , so I don’t see anything wrong with the value or price. If it was something that anyone can easily get, then maybe we can talk about it not truly deserving the value that is being tagged on it. Economy is about producing and exchanging resources. It has absolutely nothing to do with believing. A belief is a state of mind of a person. The banking system produces and exchanges debt - a resource, with quantity of that resource being recorded with deposits and banknotes. You can see in the article more details. The Nakamoto simulator attributes numeric values to the addresses and records them into the blockchain in order to mimic the recording that banks use. In that way an exchange or a transaction is simulated. In other words, nothing was exchanged or transferred, but the record creates the illusion it was. Bitcoin is just a chain of digital signatures recorded on the blockchain. You can get it for free. Together with other blockchain components and open-source software and protocols it constitutes the Nakamoto simulator. |
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Bitcoin mining consumes energy and this energy has value. This value is being transferred into the value of Bitcoin.
If the Bitcoin blockchain was a simulator, then what's the point of wasting so much electricity for such simulation?
We could simply use the altcoin blockchains, which don't use as much electricity as the BTC blockchain or we could create a transaction simulator, which doesn't consume any electricity at all.
This is just another "Bitcoin isn't backed by anything real, so Bitcoin doesn't have value" type of FUD articles. Nothing new here.
The anti-Bitcoiners must come up with new and interesting concepts and ideas, instead of repeating the same old FUD.
There's no Bitcoin mining. There's energy spending for verifying numeric attributions before recording them into the blockchain. Sure, energy has value. But you're not buying energy when joining the Nakamoto simulator. You're just participating in a simulation where the recording of numeric values attributed to your address mimics the recording of real transactions. Here, we will use the definition of coins given by Nakamoto themselves in order to demonstrate that they invented no such system.
You fail to understand that the implementation of Bitcoin is not the same as described in the whitepaper. For example, you say it's not backed by anything. The whitepaper does not mention this, but the coins are backed by a corresponding amount of mining hashpower. I am not disputing the implementation of Nakamoto's simulator. I am just showing why Bitcoin - a chain of digital signatures, is freely available to everyone, and why it is just a component of the simulator. Money is also a simple concept – it is a specific type of resource that has features like durability, portability, divisibility, uniformity, and acceptability.
That's the definition of currency not money. The main characteristic of money is having a fixed value which currencies (like fiat) do NOT have. Instead, they invented an online transaction simulator.
There is no simulation in bitcoin. It is real transactions transferring real values between individuals without a third party involved. In this simulator, cryptographically signed numeric attributions are recorded into a distributed database called “blockchain”.
#technobabble Here you can read the article: https...btcsim.wordpress[.]com
Why would anyone want to waste more time on this nonsense? Currency is the record of resource quantity owned by currency holder. Fiat currency is the record of debt quantity. Bitcoin is a chain of numeric attributions - a component of a simulator that mimics fiat currencies by recording numeric attributions to the blockchain. Hence bitcoin cannot be a currency by definition. It's a component of the Nakamoto simulator. |
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Abstract Economy is a pretty simple concept - it is a system for producing and exchanging resources. Money is also a simple concept - it is a specific type of resource that has features like durability, portability, divisibility, uniformity, and acceptability. In 2008, a person or group under the identity Satoshi Nakamoto, allegedly invented a payment system that exchanges its own money in the form of electronic coins, generally known as bitcoins. Here, we will use Nakamoto's own definition of coins in order to demonstrate that they invented no such system. Instead, they invented a payment simulator. In this simulator, cryptographically signed numeric attributions are recorded into a distributed database called "blockchain". This mimics the recording of quantity that occurs when resources are produced or exchanged through economic activity. Given that Nakamoto's invention neither produces nor exchanges resources, this makes it a simulator, a Monopoly-style game, and not something that relates to real money or economy. Here you can read the article: https://btcsim.wordpress.com/ |
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Nakamoto claims to have invented a payment system that performs transactions with its own electronic money called "bitcoin" (BTC). Bitcoins are created in the system through complex mathematical calculations. Once created, they are transferred between users registered in the system. However, all this is just one big joke or hoax. The system creates no bitcoins. It performs no transactions. Nakamoto invented no payment system. What they invented is a system through which the registered users exchange numbers.
This is a total rubbish. And it is so sad that you are ignorant about Bitcoin and yet you still decided to sit down in your ignorance to come to this forum to keep on typing total rubbish all the time. Because I know you too well, this will be the 4th time you are posting a useless thread here. And I will like to advise you that you should learn to be positive at least once in your lifetime. And stop been negative all the time, for your own good This is not rubbish, but an actual description of modern asset redistribution schemes. You're free to participate in these schemes, just stop spreading false narratives about them. I am guessing from your comments you must be liking Fiat currency. Let's look at it, all Government across the world as most have argued too, printed some dead people on a piece of paper and tells you it is worth X and Y value and you agree with that but Bitcoin is difficult for you to understand and if the same Government for any reason tells you for the same X and Y reason, that, that printed paper has lost value you still agree to it. I wonder what is more of a false narrative. When people count or mark objects in mathematics, products in factories, goods in stores, debt in banking system, outcomes in lottery... they use numbers that are written digitally or on paper. There's nothing wrong with using paper. Or numbers. In bitcoin, numbers are also used. But not for counting something. Numbers are simply created out of thin air and as such they tricked uneducated and naive people into a chain distributor scheme where they think they own some magical coins in the quantity of numbers attributed to their addresses. But they own nothing. You will find out what that means one day. In the meantime, go read some more conspiracy theories about evil banks. |
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Well what we don't hold is pieces of paper that can easily be stolen, & burnt. Or pieces of metal that can easily be forged into a cutting implement for troll removal. Our trade consensus & storage of value is far more secure, far more difficult to grasp, as you clearly demonstrate, & therefore far more difficult to snatch at. You will see the light some day, padowan. You will stop reaching for grubby materials & accept the might of the capital idea  Yes, a car can be stolen, a house burned, land confiscated, a lottery ticket lost. But in the Bitcoin scheme, non of that can happen because there's nothing to steal, burn, confiscate, or lose. You have nothing. You enter a chain distributor scheme, supply an old participant with resources, and then wait for a new participant to do the same thing for you. |
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HOLD what? What do you people hold? You have a system that attaches numeric values to addresses. So, what do you hold? |
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To OP - of course they exchange numbers. That's why it is a DIGITAL currency. If they exchanged something other than numbers, it would be analog.
I read op post and have discovered quiet a lot of things and I have arrived at a conclusion that ops is not ready to unlearn what he think and believe about Bitcoin and it creator Satoshi Nakamoto and ops havhase continually defended his point without making out time to read and absorb the views and data presented by others. That been said What make Bitcoin real is:A: Bitcoin is transferable from peer to peer B: Bitcoin transactions is verifiable using the transaction ID on blockchain. C: Bitcoin have a dollar value on exchanges D: Bitcoin is decentralized that is Bitcoin does not have a central control and that is why it is a public ledger. If with all this facts can not convince ops of the true nature of Bitcoin than I will leave ops to believe whatever he want to believe.makes Nakamoto disagrees with you. In the Whitepaper they defined bitcoin as a chain of digital signatures. That chain is recorded as a common record and freely available to everyone. Nobody transacts with it. It has no dollar value. That what you call a transaction is attribution of numerical value to an address and adding of it to the chain. It's just playing with numbers, not transacting. It seems that you are not actually analyzing Nakamoto's product (bitcoin) itself, but just the whitepaper. Of course the whitepaper has generalizations which let you do things like divide by zero, because he whole point of making a whitepaper is to give a summary to non-technical laymen like you. The fact that you think the whitepaper is the only substance of the Bitcoin blockchain shows the flaw in your thinking. And no amount of "you're mistaken, bitcoin is just a balance on the internet"'s is going to change that. So, what is BTC? When you got for e.g. 2 attributed to your address, what did you become the owner of? What thing, what resource in the quantity of 2? Well you know ... nothing. Nakamoto gave you a system where you play with numbers. And then you imagine you're trasacting with something in the quantity of that numbers, with this BTC. But there's no BTC. Hence the nonsensical definition of a coin in the Whitepaper. |
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To OP - of course they exchange numbers. That's why it is a DIGITAL currency. If they exchanged something other than numbers, it would be analog.
I read op post and have discovered quiet a lot of things and I have arrived at a conclusion that ops is not ready to unlearn what he think and believe about Bitcoin and it creator Satoshi Nakamoto and ops havhase continually defended his point without making out time to read and absorb the views and data presented by others. That been said What make Bitcoin real is:A: Bitcoin is transferable from peer to peer B: Bitcoin transactions is verifiable using the transaction ID on blockchain. C: Bitcoin have a dollar value on exchanges D: Bitcoin is decentralized that is Bitcoin does not have a central control and that is why it is a public ledger. If with all this facts can not convince ops of the true nature of Bitcoin than I will leave ops to believe whatever he want to believe.makes Nakamoto disagrees with you. In the Whitepaper they defined bitcoin as a chain of digital signatures. That chain is recorded as a common record and freely available to everyone. Nobody transacts with it. It has no dollar value. That what you call a transaction is attribution of numerical value to an address and adding of it to the chain. It's just playing with numbers, not transacting. |
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To OP - of course they exchange numbers. That's why it is a DIGITAL currency. If they exchanged something other than numbers, it would be analog.
Currency is a word. They don't exchange word but numbers. You talk nonsense. I hope you are sweating somewhere with your little nylon tie nailed to a counter in a bank with Warren Buffet farting in your mouth.  You cannot insult me with things that you create in your imagination. All you do in that way is presenting yourself. But I think that nobody here is interested in your fantasies about Warren Buffet farting. You are George Soros's PA, & your anus is in tatters. So, how do you comment the fact that you people are investing labour, services, products, assets and other resources in order for Nakamoto's system to write down next to your addresses that you own a specific amount of bitcoins, although bitcoin (chain of digital signatures) is only one and free for everyone to download? |
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Everything... but I truly mean EVERYTHING you have written, including the little sources under the post and your Wordpress link with 2 google ads in there and some ''nice try'' trust links.... All that effort... all that garbage for a few cents of Adsense revenue...
You truly, are one of the weirdest people, with balls, I'd admit that, to post this utter el garbo on here. I don't even know where to start debunking your statements.
There's nothing to debunk. Truth cannot be debunked. But I'll admit. I'm pretty bad in presenting truth. Because if the truth about Bitcoin were presented the right way you people wouldn't even respond. Because you would realize, in what stupidity you all have been participating. And out of pure shame you would say nothing. You all would be quiet like a fish. In Nakamoto's system they inform them that they own xx pieces of "chain of digital signatures". Which is stupidity never seen in human history. Because that chain is only one, it is freely available to everyone, and one can make as many copies of it as they want.
Oh you finally understand that a bitcoin is actually linked to the blockchain and therefore a unique thing that you can actually be in control of. Only because it did not exist before does not mean it is stupid. Yes you can also make copies of a dollar bills as many times as you want, but it will not be linked to the original thing as you said yourself before. It will be worthless. No, I finally read the Whitepaper. And realized that the whole thing is more stupid than I ever could have imagined. |
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To OP - of course they exchange numbers. That's why it is a DIGITAL currency. If they exchanged something other than numbers, it would be analog.
Currency is a word. They don't exchange word but numbers. You talk nonsense. I hope you are sweating somewhere with your little nylon tie nailed to a counter in a bank with Warren Buffet farting in your mouth. You cannot insult me with things that you create in your imagination. All you do in that way is presenting yourself. But I think that nobody here is interested in your fantasies about Warren Buffet farting. |
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To OP - of course they exchange numbers. That's why it is a DIGITAL currency. If they exchanged something other than numbers, it would be analog.
Currency is a word. They don't exchange word but numbers. You talk nonsense. |
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There's no person on Earth that saw anything else in their wallet but numbers. The whole system, on the other hand, just stores data from which those numbers are calculated. So factually, there are no electronic coins called bitcoins. There's nothing in the ownership of number holders that would be counted with that numers.
So, why are you lying? What are you trying to achieve?
Why does it have to be a lie if it is only in digital numbers? Does that mean all the digital numbers I see on my bank account is a fake? You may think that "You can withdraw it at least" but can Elon Musk really withdraw billions? Of course not. This is why I believe that we shouldn't really be focusing on what you can hold in your hands. There are many things that you can't "see" and real, like virus we just had for the past 3 years, you can't see it, you need to use a machine to see it, and yet we know it's real. Or you can have feelings, anger is real, but can't be held in your hand, and it's still real. Do not put emphasis on the material, keep a feeling towards the things that are in our minds as well, they have value. Numbers exist in books, articles, on invoices, bank or brokerage accounts, banknotes, signs, everywhere. The fact that there are numbers mean nothing. What is important is what the numbers inform people. In Nakamoto's system they inform them that they own xx pieces of "chain of digital signatures". Which is stupidity never seen in human history. Because that chain is only one, it is freely available to everyone, and one can make as many copies of it as they want. |
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I have one simple question for you: "what is bitcoin"? What are you offering me to buy?
I'm not offering you bitcoin, just saying that if I ever happen to sell it to you, I'll be fine with signing a piece of paper saying that I did, because you seem to be attached to invoices and seem to think that if it's signed it becomes "real". You don't know what bitcoin is? Do you want a link to the white paper? There's s good explanation on investopedia, bitcoin.org and other sites. I also recommend Andreas Antonopoulos on youtube. So, you are unable to define bitcoin. Just as I thought. If an invoice has 10 iPhone 13 written on it, I have no problem defining what I am selling. The same is true for everything else, from stocks/equities that have quantity written on brokerage accounts or stock certificates, to debt that has quantity written on bank accounts or banknots. But you people are making up your own definitions of bitcoin and all are different. Instead of just admitting that Nakamoto invented nonsense you're acting like some clowns. It has been defined, described, explained to you countless times, by many, over and over again, and every which way. Yet it seems it is you who are unable to understand. Or, rather, it is you who are pretending to not understand, and therefore you are maliciously just wasting people's time on purpose. Hahaha. What is there to understand if you all gave different definitions? You people show, with literally every post, that you don't have a clue what bitcon is. You're literally ignoring the definition made by the guy who created the whole thing. Satoshi Nakamoto defined coin in the Bitcoin Whitepaper as this: "chain of digital signatures". That's the definition of a coin, that's the definition of a thing that people later started to call bitcoin. So when you buy 10 bitcoins you bought 10 "chains of digital signatures". When you buy 50 bitcoins you bought 50 "chains of digital signatures". But wait... there's only one chain. It is recorded on the blockchain. And that record is free for everyone. Everyone can download it and calculate how many coins an address owns or what addresses signed the transactions. So essentially, the system via your addresses is showing you how many peaces of a thing that is single, and available for free to anyone, you own. Do you see how stupid that is? Do you see the stupidity this person Nakamoto wrote? It is no wonder you all have different definitions of bitcoin. |
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I have one simple question for you: "what is bitcoin"? What are you offering me to buy?
I'm not offering you bitcoin, just saying that if I ever happen to sell it to you, I'll be fine with signing a piece of paper saying that I did, because you seem to be attached to invoices and seem to think that if it's signed it becomes "real". You don't know what bitcoin is? Do you want a link to the white paper? There's s good explanation on investopedia, bitcoin.org and other sites. I also recommend Andreas Antonopoulos on youtube. So, you are unable to define bitcoin. Just as I thought. If an invoice has 10 iPhone 13 written on it, I have no problem defining what I am selling. The same is true for everything else, from stocks/equities that have quantity written on brokerage accounts or stock certificates, to debt that has quantity written on bank accounts or banknots. But you people are making up your own definitions of bitcoin and all are different. Instead of just admitting that Nakamoto invented nonsense you're acting like some clowns. |
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For that matter, the internet isn't material either, but there are many sites on it, this forum for example. Stocks in the markets have long been digital, not physical, which, like bitcoin, can be displayed on your mobile phone screen. Sending a telegram message also consists of numbers. In fact, a lot of things are digital now, but for some reason bitcoin is the only scam. Strange.
It's funny that OP doesn't seem to realize we live in a digital world where these numbers matter and have value. Op said: The thing which we have just described is a kind of collective delusion, where people, based only on Nakamoto's post, consider themselves the owners of electronic coins, or generally, a digital asset. But all they have, and see with their own eyes to have, are numbers next to their addresses.Following this thought, we have domains, we have sites, we build companies on these sites, we play online games and sell characters and items for a lot of money, we have digital photos, we buy digital art, we chat and date online, we work online, finish schools and get degrees online, but none of it matters because it isn't real. It's just code, numbers, right? You got it all wrong. Those that you mentioned are the existing digital things. When we count those things, we get numbers that can be written digitally or on paper. If you buy 10 digital products you can have number 10 written on paper or digital invoice. So you must be able to distinguish between the two things: A) Real digital product B) Number that counts the units of that product In Nakamoto's system you have B) without A). A) is not real but exists only in people's imagination. You have numbers written on digital media(blockchan), but there's no digital product whose units would be counted with that number. The product is imaginary and mentioned in Whitepaper with two words: "electronic coin", that people now call bitcoin. Bitcoin is not real, but when you write "10 BTC" this creates the illusion it is. It creates the illusion that there's 10 units of an actual product. But no such product exists in reality. You people are the victims of that illusion. Read the OP. So, if you buy bitcoins from me and I sign a poiece of paper saying that I sold them to you, does that make it complete? If yes, I'm fine with giving it to you. If not, It's a bit strange because you are willing to accept a deed signed by someone else, like a hosting company that gives you some disk space to build your website, or another company that says the domain name belongs to you. You are fine with calling online game currency real, but not bitcoin? You lost me here. I have one simple question for you: "what is bitcoin"? What are you offering me to buy? |
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Numbers can be displayed on my mobile phone screen, not electronic coins that people call bitcoins Only if you can believe in your fiat digits reflecting the units of your assets on your mobile through alert and same way you can deem fot by going to the bank or bitcoin ATM or p2p to claim those digits into fiat cash that you spend daily, then i see no reason why you should doubt on the digital version of currency that is more improved and decentralized than fiat to be a unit of your account, whereby you can convert your stash or bitcoins into fiat, withdraw it, make use of p2p, and have every digital units of coins from your wallet into a currency you can spend anywhere any time, then why not save yourself the unnecessary stress and give am attempts first and dee if it's monetized or not. Yeah, that's a classical bitcoin propaganda and language manipulation that is used to lure people into believing bitcoins are real. You literally ignored everything in the OP, and just repeat the propaganda. Pretty pathetic. And here you have practiced two textbook examples of a propagandist: 1. Keep repeating a lie, "bitcoins aren't real", and hoping it sticks and that some will believe the BS. 2. "Accusation in a Mirror", as a quote taken from the French psychologist's 1970 book on the topic: imputing to the adversaries the intentions that one has oneself and/or the action that you are in the process of enacting
That is, you are the one using "language manipulation" to lure people into believe an untruth, and yet you blame others for such actions. ... except that, as you can see, no one here is falling for it. You know, the same as I, and the same as everyone else who read the OP, that bitcoins don't exist. There's no person on Earth that saw anything else in their wallet but numbers. The whole system, on the other hand, just stores data from which those numbers are calculated. So factually, there are no electronic coins called bitcoins. There's nothing in the ownership of number holders that would be counted with that numers. So, why are you lying? What are you trying to achieve?
Bro' stop trash talking. Saying BTC doesn't exist is like saying the value that we all agree is stored in the material of & markings on a $100 bill doesn't exist, because nobody can locate this arrangement physically. Bitcoins are blocks of encrypted information. The physical wallets we may use to send or receive this information, which represents an agreed upon storage of value for exchanging almost any other goods & services, only record transaction information. The fact that BTC does not occupy any more physical space, unless you print off paper wallets which some do, is part of its strength. It is evidence of the streamlining of the commercial currency exchange process. Pieces of paper & metal with markings on them that say this tender is representative of X amount of value because such & such an enforcement agency or government say so doesn't make coins or notes any more stable a form of currency than Bitcoin, which is a decentralized cryptocurrency with a proven track record of success as functional currency in the real world, for private individuals, huge exchanges, & traditional investors alike. If your country gets invaded or experiences some other more incremental catastrophe that destroys its economy, and your currency is suddenly rendered obsolete, you have nowhere to go. That is never going to happen to BTC because it is protected by the exponential growth in computer power & universal enfranchisement of using the internet. The majority have too much invested in these things to allow that economy to implode. Consensus wins, democracy wins. Not ancient Greek democracy or modern Greek democracy, but the universal ethical ideal of reason & transparency & faith in the long-held conviction of a majority. Hahaha. A block contains data about sender, receiver and a number sent or received. This number is supposed to count coins, that is bitcoins. But no one has those coins. No one ever saw them. Regarding those blocks and chains of blocks, anyone can download a copy of the blockchain, and it can be inspected to trace the path of numbers sent from one sender to another. So, you defined bitcoin as something that everyone can download for free. Hilarious. The rest of your text is propaganda mixed with pure nonsense. You cannot protect something that doesn't exist. What you protect are numbers next to addresses. But why would anyone protect math abstractions that can be created in everyone's mind in an instant and used for whatever purposes? It's stupidity never seen before. Stop talking air biscuits you subatomic troll-virus. Cash is an agreement, it always only existed in the minds of capitalists. You might pretend you are a communist agitator, but as is most often the case with these things, you're more likely some frustrated kid airing his grievances through pseudo intellectual ranting. I never said anything of the sort. The source-codes & the blockchain can be downloaded for free, not that I actually mentioned this. A bitcoin itself is a symbol of mathematical computation, it is a proof-of-work electronically protected by codes that you obviously cannot get your head around. So what? The wallet does not store Bitcoins, because the wallet only records information about transactions, which I suggest you look into a little more before your 'hahaha that makes no sense to a dumb shit like me so how could it make any sense at all' responses. It is an agreement between traders. We never needed paper or coinage for anything but the storage of value that we ascribe to things and agree to conform to for the sake of transparent economy & ease of trade. Now, we have the advancing AI of modern computers to store this symbolic value for us, which is much more efficient, & doesn't need the fallible & fickle consent of bankers or their spotty sons & that means you Nakamoto in the their Whitepaper defined "coin", that you people call "bitcoin", in this way: "chain of digital signatures". And you people, here on this forum, have your own personal definitions. Every person that responded to my post, gave me different definition of bitcoin. You're basically fantasizing. Making things up in your mind that have nothing to do with reality. What is that telling you? That the whole thing is one big joke. That's the reason you are pissed off and why you insult people that are just telling you plain and simple truth. Let's take Nakamoto's definition. If Steve has 1 BTC in his wallet, and Ema 100 BTC, that would mean that Ema has 100 times more "chains of digital signatures" than Steve. What does that even mean? It's a complete nonsense. Chain of digital signatures is stored on blockchain. And everyone can download it for free. So essentially, according to Nakamoto, Ema spent 2 million dollars in order to buy something that is available for free to everyone. That's craziness never seen in human history. Wallet applications are informing you that you own xx units of a thing that you can download for free. |
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Numbers can be displayed on my mobile phone screen, not electronic coins that people call bitcoins Only if you can believe in your fiat digits reflecting the units of your assets on your mobile through alert and same way you can deem fot by going to the bank or bitcoin ATM or p2p to claim those digits into fiat cash that you spend daily, then i see no reason why you should doubt on the digital version of currency that is more improved and decentralized than fiat to be a unit of your account, whereby you can convert your stash or bitcoins into fiat, withdraw it, make use of p2p, and have every digital units of coins from your wallet into a currency you can spend anywhere any time, then why not save yourself the unnecessary stress and give am attempts first and dee if it's monetized or not. Yeah, that's a classical bitcoin propaganda and language manipulation that is used to lure people into believing bitcoins are real. You literally ignored everything in the OP, and just repeat the propaganda. Pretty pathetic. And here you have practiced two textbook examples of a propagandist: 1. Keep repeating a lie, "bitcoins aren't real", and hoping it sticks and that some will believe the BS. 2. "Accusation in a Mirror", as a quote taken from the French psychologist's 1970 book on the topic: imputing to the adversaries the intentions that one has oneself and/or the action that you are in the process of enacting
That is, you are the one using "language manipulation" to lure people into believe an untruth, and yet you blame others for such actions. ... except that, as you can see, no one here is falling for it. You know, the same as I, and the same as everyone else who read the OP, that bitcoins don't exist. There's no person on Earth that saw anything else in their wallet but numbers. The whole system, on the other hand, just stores data from which those numbers are calculated. So factually, there are no electronic coins called bitcoins. There's nothing in the ownership of number holders that would be counted with that numers. So, why are you lying? What are you trying to achieve?
Bro' stop trash talking. Saying BTC doesn't exist is like saying the value that we all agree is stored in the material of & markings on a $100 bill doesn't exist, because nobody can locate this arrangement physically. Bitcoins are blocks of encrypted information. The physical wallets we may use to send or receive this information, which represents an agreed upon storage of value for exchanging almost any other goods & services, only record transaction information. The fact that BTC does not occupy any more physical space, unless you print off paper wallets which some do, is part of its strength. It is evidence of the streamlining of the commercial currency exchange process. Pieces of paper & metal with markings on them that say this tender is representative of X amount of value because such & such an enforcement agency or government say so doesn't make coins or notes any more stable a form of currency than Bitcoin, which is a decentralized cryptocurrency with a proven track record of success as functional currency in the real world, for private individuals, huge exchanges, & traditional investors alike. If your country gets invaded or experiences some other more incremental catastrophe that destroys its economy, and your currency is suddenly rendered obsolete, you have nowhere to go. That is never going to happen to BTC because it is protected by the exponential growth in computer power & universal enfranchisement of using the internet. The majority have too much invested in these things to allow that economy to implode. Consensus wins, democracy wins. Not ancient Greek democracy or modern Greek democracy, but the universal ethical ideal of reason & transparency & faith in the long-held conviction of a majority. Hahaha. A block contains data about sender, receiver and a number sent or received. This number is supposed to count coins, that is bitcoins. But no one has those coins. No one ever saw them. Regarding those blocks and chains of blocks, anyone can download a copy of the blockchain, and it can be inspected to trace the path of numbers sent from one sender to another. So, you defined bitcoin as something that everyone can download for free. Hilarious. The rest of your text is propaganda mixed with pure nonsense. You cannot protect something that doesn't exist. What you protect are numbers next to addresses. But why would anyone protect math abstractions that can be created in everyone's mind in an instant and used for whatever purposes? It's stupidity never seen before. |
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