Bitcoin is a scam that thrives on language manipulation

[fxsurfer]

Wow I really read throughout the whole pages. That is tiring.
Why? You just keep on repeating every answer like you are copy pasting it.

You are saying bitcoin aint a currency or a commodity. Then why the hell do people are now using it to pay bills and other stuffs.
Some already withdrawn and traded it with an item just like how they did it ages ago. Just like gold.

What is really your purpose in doing all of this? You go to a bitcoin forum to waste time telling all of this?
You know we will always support bitcoin here.

If you are creating a new coin to compete with bitcoin then you might as well tell it earlier.

This topic is not about human behaviour and what makes people do the things they do. This topic is about language manipulation where database entries are called money, which is getting uneducated people to invest their hard earned dollars/goods/services for a mere numerical marks in a database. People are of course free to give their valuable possessions for free to someone just because their gifts will be numerically marked in a database, but that won't magically make these marks money nor it denies my right to write about this.

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[fxsurfer]

If you invested your goods and services into a debt instrument (dollar), that has maximum maturity of 30 yeras (long-term loans), then your current dollars have absolutely nothing to do with dollars (loans)  that were issued 120 years ago. You are comparing apples and oranges.

$50 bill from 2009 is now worth $40. Where are my $10 worth goods from every $50 bill i earned and didnt spend in 2009? Its been only 10 years since than. That is also comparing apples to oranges? Just stop talking that bitcoin is scam because fiat is bigger scam. Thats why bitcoin was created. We don't want to take part of this anymore. https://www.youtube.com/watch?v=g8LyEKxDYbM

Bitcoin is money created by comunity for comunity with limited supply that noone can change. Its transparent and safe. Its utility creates its value and with value it has power to transfer goods.

Your $10 worth of goods are in the hands of borrowers. That is the risk of holding dollars (money in the form of debt instrument) long term. Your bitcoin on the other hand is no money, but database(DB) entry. It has no value since value cannot be created by adding numeric entry into a DB. Calling a DB entry a money is language manipulation.

Well, let's say that Bitcoin is a database. But why is the price of this database so high? Why do millionaires invest their money in Bitcoin?Why owners of a large number of bitcoins do not touch their assets?(Judging by Your post bitcoin should be manipulated).

So, your question is essentially why do people behave irrationally with money? Well, it's either greed or ignorance.

[mindrust]

Wow I really read throughout the whole pages. That is tiring.
Why? You just keep on repeating every answer like you are copy pasting it.

You are saying bitcoin aint a currency or a commodity. Then why the hell do people are now using it to pay bills and other stuffs.
Some already withdrawn and traded it with an item just like how they did it ages ago. Just like gold.

What is really your purpose in doing all of this? You go to a bitcoin forum to waste time telling all of this?
You know we will always support bitcoin here.

If you are creating a new coin to compete with bitcoin then you might as well tell it earlier.

He is a sorry bankster scum which doesn't want to lose his so called "job" which is slavery in reality. Bitcoin is here to destroy the banking system and anything related to it.

He is getting paid to fight against bitcoin, indirectly. That's why he is repeating that bullshit over and over again.

It is a matter of life and death to him.

If no one uses the legacy banking, he won't have a job.

[Tytanowy Janusz]

So, your question is essentially why do people behave irrationally with money? Well, it's either greed or ignorance.

Don't you think that it is rational to avoid monetary system (investing in debt) seeing that amount of goods represented by this debt is shrinking all the time? We choice bitcoin due to rational reason not greed or ignorance.

This is community coin backed by its usage for community (storing value outside of system, transfer of value - this usage build its long term value and with long term value it has ability to transfer goods). Why you think its worse than coin backed by debt?

[drumamat]

If you invested your goods and services into a debt instrument (dollar), that has maximum maturity of 30 yeras (long-term loans), then your current dollars have absolutely nothing to do with dollars (loans)  that were issued 120 years ago. You are comparing apples and oranges.

$50 bill from 2009 is now worth $40. Where are my $10 worth goods from every $50 bill i earned and didnt spend in 2009? Its been only 10 years since than. That is also comparing apples to oranges? Just stop talking that bitcoin is scam because fiat is bigger scam. Thats why bitcoin was created. We don't want to take part of this anymore. https://www.youtube.com/watch?v=g8LyEKxDYbM

Bitcoin is money created by comunity for comunity with limited supply that noone can change. Its transparent and safe. Its utility creates its value and with value it has power to transfer goods.

Your $10 worth of goods are in the hands of borrowers. That is the risk of holding dollars (money in the form of debt instrument) long term. Your bitcoin on the other hand is no money, but database(DB) entry. It has no value since value cannot be created by adding numeric entry into a DB. Calling a DB entry a money is language manipulation.

Well, let's say that Bitcoin is a database. But why is the price of this database so high? Why do millionaires invest their money in Bitcoin?Why owners of a large number of bitcoins do not touch their assets?(Judging by Your post bitcoin should be manipulated).

So, your question is essentially why do people behave irrationally with money? Well, it's either greed or ignorance.

Why don't you look a little wider at this question.Perhaps a certain proportion of people are driven by greed and ignorance.But there are also people for whom greed and ignorance are alien.Let's Say Elon Musk.Listen to his podcast where he really admires bitcoin and sees it as the future.https://ark-invest.com/research/podcast/elon-musk-podcast.

[Bonsaiav]

The extent of any understanding will not provide benefits if it only focuses on its shortcomings. I think bitcoin is a form of management process that leads to a financial revolution strategy, where the main goal is to make it easier for people in making transactions. Currently bitcoin's the only currency that's known to be effective, because bitcoin can also be used in a series of systematic and coordinated processes.