Bitcoin Is The Most Ridiculous Invention Ever Made

[drumamat]

https://youtu.be/pSbSKGDypPY

The above video shows that by buying Bitcoin one is selling ownership of something and buying ownership of nothing. This is because Bitcoin is just a fancy name for changed digits, and the fact is that something cannot appear or disappear by changing digits. Since Bitcoin is the first time in human history that people voluntarily and massively give up something to become the owners of absolutely and literally nothing, this makes Bitcoin the most ridiculous invention ever made.

Unfortunately, you think very shallowly.Imagine that in your country where you live there was a default and the national currency completely ceased to have any value?If you want to buy a product or service with a resident of another country, offering to pay in your own currency.Do you think such a deal will happen?The obvious answer is no.Bitcoin is a completely different currency that has no inflation and its value grows every day.And a bitcoin transaction will always happen.

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[AAKODI]

I won't use the word ridiculous but It is the most revolutionary invention in the world and of course it is a radical invention but no one can say buying bitcoin will end with nothing because even bitcoin's are not tangible unlike fiat currencies still there is a higher value for a bitcoin than a dollar or any other major currency in the world which was created by people due to its high potentiality and rareness so it can be considered as a unique invention in both technological and financial fields 

[fxsurfer]

https://youtu.be/pSbSKGDypPY

The above video shows that by buying Bitcoin one is selling ownership of something and buying ownership of nothing. This is because Bitcoin is just a fancy name for changed digits, and the fact is that something cannot appear or disappear by changing digits. Since Bitcoin is the first time in human history that people voluntarily and massively give up something to become the owners of absolutely and literally nothing, this makes Bitcoin the most ridiculous invention ever made.

Unfortunately, you think very shallowly.Imagine that in your country where you live there was a default and the national currency completely ceased to have any value?If you want to buy a product or service with a resident of another country, offering to pay in your own currency.Do you think such a deal will happen?The obvious answer is no.Bitcoin is a completely different currency that has no inflation and its value grows every day.And a bitcoin transaction will always happen.

Bitcoin is not a currency, but a series of digits or mathematical symbols in a database. Inflation is a sustained increase in the general price level of goods and services in an economy over a period of time. Price is the quantity of payment or compensation given by one party to another in return for one unit of goods or services. A payment is the trade of something from one party to another for goods, or services, or to fulfill a legal obligation. By changing digits you cannot create something. Thus, Bitcoin has nothing to do with payment, price or inflation, and you live in a fantasy world.

[fxsurfer]

I won't use the word ridiculous but It is the most revolutionary invention in the world and of course it is a radical invention but no one can say buying bitcoin will end with nothing because even bitcoin's are not tangible unlike fiat currencies still there is a higher value for a bitcoin than a dollar or any other major currency in the world which was created by people due to its high potentiality and rareness so it can be considered as a unique invention in both technological and financial fields 

I already asked this question, but nobody answered. So, I'm gonna ask it again: what is revolutionary and innovative in the process of changing and storing digits? Bitcoin is just a fancy name for changed digits. How is this the most revolutionary invention in the world? What that has to do with finance?

[hen cet]

Its very funny for people to think this way. If you don't  understand why bitcoin and blockchain was development, please don't make and share any ridiculous comments about this technology. People need to learn how to appreciate new ideas and technologies  than spreading anything due to their ignorance .

They comment on unknown things. Or have experienced disappointment because of failure and losing a lot when investing in bitcoin. Thinking is more realistic, because bitcoin is digital money that can really be used as a means of payment, investment or trade.

[UmerIdrees]

https://youtu.be/pSbSKGDypPY

The above video shows that by buying Bitcoin one is selling ownership of something and buying ownership of nothing. This is because Bitcoin is just a fancy name for changed digits, and the fact is that something cannot appear or disappear by changing digits. Since Bitcoin is the first time in human history that people voluntarily and massively give up something to become the owners of absolutely and literally nothing, this makes Bitcoin the most ridiculous invention ever made.

Unfortunately, you think very shallowly.Imagine that in your country where you live there was a default and the national currency completely ceased to have any value?If you want to buy a product or service with a resident of another country, offering to pay in your own currency.Do you think such a deal will happen?The obvious answer is no.Bitcoin is a completely different currency that has no inflation and its value grows every day.And a bitcoin transaction will always happen.

This already happen in IRAN where their currencies went too low in values due to US sections, due to which value of bitcoin sky rocketed there. People rushed to convert their dying currencies into bitcoins.
Also when the world will face Economic crisis, everyone will buy bitcoins and that is the real currency for the future time.

[cizatext]

Bitcoin is not just worthless because is exist in digit because it a mathematical computer coding and at that it will have it worth at the end because the bitcoin network have it own worth and even if it dollars rate reduced to nothing the real quantity still remains the same and once the worth rise again it will bounce back to it ever rising rate.

[fianaindriati]

for me bitcoin is not a ridiculous discovery, if indeed bitcoin is ridiculous, why do you follow bitcoin. the current decline is very far from the increase first, but that doesn't mean you can arbitrarily think that bitcoin is a ridiculous invention. because bitcoin has so far developed and helped us. only now is there just an accident.

[shesheboy]

If I am the owner of Western Union or Moneygram I would really say that its ridiculous, its killing the remittance business. Imagine if I am going to send $280 USD worth of BTC, it will cost me less than $0.50 but if I use Western Union, a $280 USD money transfer will cost $11. Imagine $11 versus $0.50. that's a difference of 2,100%

If you send a selfie to your friend, via e-mail system for e.g.  this is also cheap. Point? Sending Bitcoin is cheap because Bitcoin is just a series digits. Digits are mathematical abstraction, i.e. ownership of nothing and why would such transfer be expensive. But when you have to transfer the ownership of something, i.e. dollars - which are certificates of debt that have loans contracts, collaterals and banks behind them, then of course that transferring something like that is costly. It's pretty simple. You cannot compare sending digits and sending money.

Yes its cheap . using online or the internet to send and recieve stuffs are more convinient and cheap  compare to the traditional systems  .  in the case of bitcoin , not all times we can send a transaction with a cheap cost because the fees are also dependent on its current value .

@nydiacaskey01 , if you are th owner local money remitance then you dont need to worry on crypto payments because many peeps will prefer your service as it is more easy and faster .  crypto are also hard to use to some peeps especially if they are older enough and not into the techy stuffs .

[dr.hopkins]

In short:
Fiat is based on debt, Bitcoin is based on trust.
I know what I prefer!

But trust is better than debt!
If you reason like this, then you can do nothing at all and trust nothing. It makes no sense.
I believe that Bitcoin is not just a fundamentally new cryptocurrency. I believe that this is the currency of the future, which will allow you to avoid inflation and many other problems of fiat currency!

[Gheka]

I disagree with this statement, bitcoin is not a funny and not a ridiculous invention. This is a technology that can seriously change the entire financial sphere, we only need to take it to the full.

Why do you know it is a technology that can change the financial sector, you have proof to prove this or what you say is just news, information that you read on different forums, it has nothing to authenticate. I don't know your answer to my question but I feel that you only have confidence in bitcoin, you believe in what's great about bitcoin that others say, bitcoin is the most ridiculous invention or a good technology that can change finance, no one knows about this, and this is not so important, we don't need to argue, as long as we know we can make money with it, that's enough

[Ucy]

Still better than fiat.
Bitcoin allows you to control your Private keys, fiat doesn't. Digital fiats are way worse. They are centralized and in digital form too.
You have zero option with Fiat because it is always controlled by your banks.

[Broly46]

Paper gold are the king of nothingness and the crooked bank continue to sell it.
My point is nothing wrong by turning money into paper gold, it is perfectly legit.

[fxsurfer]

I disagree with this statement, bitcoin is not a funny and not a ridiculous invention. This is a technology that can seriously change the entire financial sphere, we only need to take it to the full.

Bitcoin is not technology, but a fancy name for digits in the blockchain.The only purpose of technology behind it, is to change, store and secure these digits. Hence, this is just a database management system, and has nothing to do with finance.

[Mpamaegbu]

In short:
Fiat is based on debt, Bitcoin is based on trust.
I know what I prefer!

Ponzi is also based on trust. So?

And Charles Ponzi shares the same fame as Satoshi Nakamoto? Hmm! I think thst the OP sees Bitcoin as ridiculous is a misconstrued perception, though I admit he's entitled to his opinion. Cryptocurrency is the greatest invention of this century.

[fxsurfer]

Yes it may be the most ridiculous invention so far in human history but it has made a lot of difference people get rich and all of that also its still better than fiat

It is not Bitcoin what made a lot of people get rich, as Bitcoin is just means to get other people's possessions without giving anything in return. All investment scams have one thing in common: one gets rich by getting other people's possessions and giving NOTHING in return. And this is how a lot of people got rich in the case of Bitcoin. Denying that means that SOMETHING can appear by changing digits in a database(blockchain), and that is of course impossible.

[fxsurfer]

Even though you think bitcoin is the most ridiculous invention, but I think you believe and have hope to get profit from bitcoin.

That would mean that I first have to give SOMETHING(money, goods or services) for NOTHING (Bitcoin - which is the name given to changed digits in a database/blockchain). And I would never do something like that.

[fxsurfer]

In short:
Fiat is based on debt, Bitcoin is based on trust.
I know what I prefer!

Ponzi is also based on trust. So?

And Charles Ponzi shares the same fame as Satoshi Nakamoto? Hmm! I think thst the OP sees Bitcoin as ridiculous is a misconstrued perception, though I admit he's entitled to his opinion. Cryptocurrency is the greatest invention of this century.

Both, Charles Ponzi and Satoshi Nakamoto created a system for getting other people's ownership of SOMETHING and giving ownership of NOTHING in return. In that sense, they share the same fame, it is just that people are ignorant of the above fact, because of the false public narrative and language manipulation where digit alterations in a database is called money or asset, which is nonsense of a high order.

[LTCendmanagement]

this is a very surprising discovery from this field we can learn and look for a golden opportunity to get points of happiness in the future as long as we do it carefully and focus and be patient to hold it because besides that I also keep paying attention to the rising market situation down we can only be patient and try.

[dongyi17]

Well it depends on how you viewed it, how you see it.. maybe to some yes it is, but for some it is not, because no matter how ridiculous it is there are still people who believe on it, accept it and invest in it because they see in the past how people profit from it, and how bitcoin affect the ones' economy, people and community. It was made with a purpose and those who believe on it benefit from it as well.