Bitcoin Doesn’t Exist, Or How Satoshi Nakamoto Tells Lies To People

[Antithesis]

You cannot prove that you have obtained the software license if the software vendor closes the business.

But you can always prove that you are in control of the funds on the Bitcoin ledger, if you do not lose your private key 

Even if no one in this world can confirm that he sent you these funds.

You are not in control of funds. You are in control of a number. Number is an abstraction used to express the quantity of funds. So funds and number are two different things. In blockchain you have numbers not funds. Funds are fictional or nonexistent.

[suzanne5223]

However, all the things just mentioned rest on the information that Bitcoin exists. While in reality, there is no such thing as Bitcoin.

You are not the first and you won't be the last person to think Bitcoin does not exist. The last time I checked Paypal ex-CEO even compare Bitcoin to his autograph and if Bitcoin is indeed an illusion then I will be glad to be stuck in it forever cause if the government could not fulfill their promises and also give people the truth worth of democracy while Bitcoin does.

I don't think anyone needs a babysitter Ir your opinion about Bitocoin here cause we are all aware of what Bitcoin.

[yhiaali3]

This is actually Bitcoin. It is immaterial and intangible, but it does exist, and this is what Satoshi said and he did not lie to anyone. You deny the existence of Bitcoin because you cannot see it or touch it, but you believe in the existence of electricity even though you do not see it or touch it either??!!!
The era of money that can be touched by hand and carried from one place to another is over, when you own bitcoin you really don't own a tangible physical thing but only exists as data on the block chain and that's enough for everyone. As long as everyone recognizes it and accepts it as a means of payment, where is the problem then??

[Swordsoffreedom]

You cannot prove that you have obtained the software license if the software vendor closes the business.
But you can always prove that you are in control of the funds on the Bitcoin ledger, if you do not lose your private key 
Even if no one in this world can confirm that he sent you these funds.

You are not in control of funds. You are in control of a number. Number is an abstraction used to express the quantity of funds. So funds and number are two different things. In blockchain you have numbers not funds. Funds are fictional or nonexistent.

Yes, you are right that we are in control of a number. that's why we called it "Digital-Currency" or "e-currency". There are many more Digital-currency or e-currency are exist but the main difference with Bitcoin and Other Digital currency is "Decentralisation", it is not any Govt-issued asset or currency. Bitcoin is ruled by Decentralised authority without having any 3rd-party feature, this decentralization feature makes it a more demandable and valuable asset.

Now look at the world Banking system, when you deposit money into your bank account they just add a number as your balance, the funds are controlled by the bank and you just get a number as balance, in this case, you are not in control over your funds cause bank is not decentralised. But in the case of Bitcoin, it is only you who is in controlling both numbers & funds cause it is fully decentralised.

[NotFuzzyWarm]

<snip> Well, I have a few questions for you then. Who's the debtor and who's the creditor? Fiat is claim of the banks (central or commercial) and they withdraw it from circulation with every loan repayment. Bitcoin is claim on who, and who withdraws it from circulation?<snip>

Well you seem to have finally touched upon the crux of your debate: Where do the coins come from and who controls it?

The coins come the network - not a central authority. That means that (in the case of BTC) there is no central authority.

As for Fiat, I refer you to this article  Specifically this bit:

But an unstated, practical result of the Fed's bond purchases is that it creates money to finance the gigantic debt run up by Congress. The very idea of it tends to explode the heads of those who say dollars should come from work, savings and investment instead of thin air. In the age of a nearly $25 trillion national debt, such “sound money” concepts seem outdated – relics of a bygone era in which the value of a dollar once was based on a fixed amount of gold.

“What we’re working with now is fake money, a fake measuring rod,” longtime Federal Reserve critic and former Republican presidential candidate Ron Paul told USA TODAY. “It is unbelievable.”

In this case, the federal government's bank isn’t just creating massive amounts of dollars from scratch. The government also is, in effect, using those newly created dollars to pay down its own debt, this time at an unprecedented scale because of the economy's massive shutdown triggered by the pandemic.

This might sound like a financial fantasy: You mean we can pay our credit card bills by simply pressing a button?

Yes, the government can, unlike people and businesses, though it’s a little more complicated than that. The larger question is whether it's sound and sustainable.

With just a few keystrokes the Gov says, "We now have xxx more money and want you (banks) to purchase bonds against it". That is no different than an autonomous network saying "here are more coins based on the work you performed". Where there IS a difference is that the BTCnetwork will never produce more than 21 million BTC which of course means that whatever value people assign to BTC can never be diluted by the random production of more BTC out of thin air.

[acener]

I also doubt it before because I couldn't use it in real life and it is just on the internet and I need to convert it first or sell it to other people before becoming a real money for me.
But that is how it is on this planet everything has it's value depending on the person who see's it,
A piece of rare rock of fossil could be worthless for others but for some it is priceless collection.
If you would say that Bitcoin is an illusion then all the telco company that we are paying to provide internet and mobile loads are also selling lies as well because it is just all a program.

[Mahanton]

I also doubt it before because I couldn't use it in real life and it is just on the internet and I need to convert it first or sell it to other people before becoming a real money for me.
But that is how it is on this planet everything has it's value depending on the person who see's it,
A piece of rare rock of fossil could be worthless for others but for some it is priceless collection.
If you would say that Bitcoin is an illusion then all the telco company that we are paying to provide internet and mobile loads are also selling lies as well because it is just all a program.

I do respect on each everyones view towards things which does actually have some point but it can be totally be opposed on if you do tend to look
on regarding into its demand. No thing could really progress out if those views are indeed true but instead people do see it as an advantage instead.
Yes, its a piece of code but thinking off on what are the benefits and opportunities that it gives then that what makes it popular or known.
Theres nothing wrong to presume up things but for sure you would really be having change of mind as we progress on.

[zbig001]

It's a matter of social agreement what do we use numbers for.

But let's do not confuse machines and software that operate on numbers (computers, applications) with numbers themselves.
Bitcoin as software (an application capable of creating a monetary network, a network protocol) is a tremendous achievement, perhaps the greatest in the history of mankind.

Satoshi invented money harder even than gold (no one can modify the BTC supply cap, even social agreement might not be enough anymore), and infinitely more useful than gold.

[Nhazwrath]

Do you need to write such a big wall of text in order to explain something that simple?
Sometimes I wonder if all those FUD accounts on the forum are just alt accounts to one person.
Why do you even care?If you are thinking that Bitcoin doesn't exist,then OK,just deal with it and move on with your life.This topic has been explained before.There's no reason for us to explain it again.
If you were scammed and you've lost your Bitcoins,just move on.I believe that most of the FUDsters in the BTC community are people,who lost money.That's why they are bitter about Bitcoin.

I don't "think", but I know Bitcoin doesn't exist. It is a fact it doesn't exist. You want it simple? Ok. In the blockchain you have quantity. Quantity is defined as the amount of something. If quantity in the blockchain is Bitcoin then it follows that Bitcoin is the quantity and quantity is Bitcoin. Which is nonsense because in that case Bitcoin would be defined as reference to itself: "Bitcoin is the amount of Bitcoin". And this is obviously nonsensical. So, if in the blockchain we have quantity then outside the blockchain there must be something called Bitcoin that has this quantity. But except quantities, address holders own nothing. Or simply put: Bitcoin doesn't exist.

Are you sure you are 1 person Because you are not actually 1 person you are 37 trillion cells  therefore you cannot be one person that can refer to itself and count therefore you don't exist.  (no bitcoin isn't conscious)


See how fast I took your Silly argument apart?   Using your own Childish logic.  

You seem incapable of learning.  Your ability to use logic is poor.  Do you even exist or are you just a bot?  You keep repeating the same argument and still don't understand that Love doesn't exist either Or Time for that matter.  If you Are Human then you must either acknowledge that Love and Time do exist thus rendering all your Idiot posting null and void.

Or you are a bot and bots don't learn much or at all.

If you remove me and leave only quantity, either 1 or 37 trillion what do you have? Well, you have number referred to nothing. That's quantity in the blockchain. Number referred to nothing. When you transfer quantity to your address you own xx pieces of nothingness. And that nothingness is called "bitcoin". Thanks for proving my point.

Do acknowledge the existence of time?   If the answer is yes then your argument is invalid. And if the answer is no that time does not exist then you cannot type anything to reply to this. That would violate the non-existence of time.   

You cannot refute an argument by talking nonsense. You refute it by proving that premises are false or that the conclusion doesn't follow from the premises.

There is nothing nonsensical about my argument.  By replying you have acknowledged the existence of time.  If time didn't exist then you would Not have been able to reply. 

Time is a human concept.  Humans free falling in space was just a concept. 

MONEY is just a concept.   Bitcoin....  Just a concept.   its not even money not really its just a method of counting that is very difficult to mess with.   We invest that phantom number with imaginary value  .... Just Like Money.  weird isn't it? 

And since you didn't understand My Basic idea of things that clearly don't actually exist But, also clearly Do exist. I don't think you can wrap your head around bitcoin and you should just let the adults do the thinking.

And we have refuted your argument something like 30 times now.  Which is why I think you are a bot or a Child at this point. 

[indo1]

I don't really know if bitcoin is a big risk for the future if all of them join. But what I feel right now, the point taken from bitcoin is the technology, even if bitcoin is not initially correct, such as for illegal transactions, illegal weapons and others. By making bitcoin a means of investment it becomes better. Bitcoin also has no physical, but in the digital world he is very famous. I just enjoyed it while I could.

[Antithesis]

Do you need to write such a big wall of text in order to explain something that simple?
Sometimes I wonder if all those FUD accounts on the forum are just alt accounts to one person.
Why do you even care?If you are thinking that Bitcoin doesn't exist,then OK,just deal with it and move on with your life.This topic has been explained before.There's no reason for us to explain it again.
If you were scammed and you've lost your Bitcoins,just move on.I believe that most of the FUDsters in the BTC community are people,who lost money.That's why they are bitter about Bitcoin.

I don't "think", but I know Bitcoin doesn't exist. It is a fact it doesn't exist. You want it simple? Ok. In the blockchain you have quantity. Quantity is defined as the amount of something. If quantity in the blockchain is Bitcoin then it follows that Bitcoin is the quantity and quantity is Bitcoin. Which is nonsense because in that case Bitcoin would be defined as reference to itself: "Bitcoin is the amount of Bitcoin". And this is obviously nonsensical. So, if in the blockchain we have quantity then outside the blockchain there must be something called Bitcoin that has this quantity. But except quantities, address holders own nothing. Or simply put: Bitcoin doesn't exist.

Are you sure you are 1 person Because you are not actually 1 person you are 37 trillion cells  therefore you cannot be one person that can refer to itself and count therefore you don't exist.  (no bitcoin isn't conscious)


See how fast I took your Silly argument apart?   Using your own Childish logic.  

You seem incapable of learning.  Your ability to use logic is poor.  Do you even exist or are you just a bot?  You keep repeating the same argument and still don't understand that Love doesn't exist either Or Time for that matter.  If you Are Human then you must either acknowledge that Love and Time do exist thus rendering all your Idiot posting null and void.

Or you are a bot and bots don't learn much or at all.

If you remove me and leave only quantity, either 1 or 37 trillion what do you have? Well, you have number referred to nothing. That's quantity in the blockchain. Number referred to nothing. When you transfer quantity to your address you own xx pieces of nothingness. And that nothingness is called "bitcoin". Thanks for proving my point.

Do acknowledge the existence of time?   If the answer is yes then your argument is invalid. And if the answer is no that time does not exist then you cannot type anything to reply to this. That would violate the non-existence of time.    

You cannot refute an argument by talking nonsense. You refute it by proving that premises are false or that the conclusion doesn't follow from the premises.

There is nothing nonsensical about my argument.  By replying you have acknowledged the existence of time.  If time didn't exist then you would Not have been able to reply.  

Time is a human concept.  Humans free falling in space was just a concept.  

MONEY is just a concept.   Bitcoin....  Just a concept.   its not even money not really its just a method of counting that is very difficult to mess with.   We invest that phantom number with imaginary value  .... Just Like Money.  weird isn't it?  

And since you didn't understand My Basic idea of things that clearly don't actually exist But, also clearly Do exist. I don't think you can wrap your head around bitcoin and you should just let the adults do the thinking.

And we have refuted your argument something like 30 times now.  Which is why I think you are a bot or a Child at this point.  

You refuted nothing. You haven't even addressed my premises. You just keep talking nonsense.

When I say to you that you own 50 apartments in Hawaii, these apartments are concept in your head. If I put that concept into a database as data: name - 'Nhazwrath," quantity -  "50", asset name - "apartments", your ownership of the apartments still exists only as a concept in your head. You don't own any apartments in reality.

In the same way, when Satoshi Nakamoto said to you via his software that you (your address) own xx Bitcoins, these Bitcoins are just concept in your head. They are imaginary, not real. Just like the above apartments. Puting quantity into a database doesn't make you the owner of something. All you have in blockchain is quantity of imaginary Bitcoins. Bitcoins don't exist in reality, only in fantasy. And in fantasy, you can be and own whatever you want.

Do you now understand why you're talking nonsense?

[Antithesis]

It's a matter of social agreement what do we use numbers for.

But let's do not confuse machines and software that operate on numbers (computers, applications) with numbers themselves.
Bitcoin as software (an application capable of creating a monetary network, a network protocol) is a tremendous achievement, perhaps the greatest in the history of mankind.

Satoshi invented money harder even than gold (no one can modify the BTC supply cap, even social agreement might not be enough anymore), and infinitely more useful than gold.

Satoshi invented no money. He invented how to store lies into a database and make others to believe that these lies are true. And make them even to pay for transferring these lies from one person to another. And this is indeed a tremendous achievement.

[Antithesis]

This is actually Bitcoin. It is immaterial and intangible, but it does exist, and this is what Satoshi said and he did not lie to anyone. You deny the existence of Bitcoin because you cannot see it or touch it, but you believe in the existence of electricity even though you do not see it or touch it either??!!!
The era of money that can be touched by hand and carried from one place to another is over, when you own bitcoin you really don't own a tangible physical thing but only exists as data on the block chain and that's enough for everyone. As long as everyone recognizes it and accepts it as a means of payment, where is the problem then??

Yes, Bitcoin is immaterial and intangible just like any thought. It exists only in human mind, not in reality. In my mind I am the richest person in the world just like you are the owner of Bitcoins. In fantasy, everything is possible.

[Nhazwrath]

drop a bitcoin wallet address.

i will send you 10 bucks in bitcoin.  Money where my mouth is.  note.  it tends to move around since markets havnt yet come in to large scale agreement of what bitcoin is worth.  

Once you have that 10 bucks.  go buy a coffee with it and then tell me its not money.  

=>

[Antithesis]

drop a bitcoin wallet address.

i will send you 10 bucks in bitcoin.  Money where my mouth is.  note.  it tends to move around since markets havnt yet come in to large scale agreement of what bitcoin is worth.  

Once you have that 10 bucks.  go buy a coffee with it and then tell me its not money.  

=>

drop a bitcoin wallet address.

i will send you 10 bucks in bitcoin.  Money where my mouth is.  note.  it tends to move around since markets havnt yet come in to large scale agreement of what bitcoin is worth.  

Once you have that 10 bucks.  go buy a coffee with it and then tell me its not money.  

=>

If a coffee shop give me coffee because I told them via Bitcoin software that quantity is money that doesn't make my statement true. Money is not quantity, but a thing measured with quantity. I could just as well go to a coffee shop, order a coffee and pay it by writing number 1 on a peace of paper. This won't make number "1" money, but coffee shop owner stupid. Number is an abstraction, it holds no value and it is impossible to compare it to the value of the coffee to find out whether the "exchange" is beneficial or not. So exchanging coffee or anything for numbers is stupid. You exchange coffee for things, existing things - other goods, debt (fiat money), services or labor. And you use numbers only to express the quantity of these existent things.

[fenican]

It's hilarious that the long rant uses a digital asset, a software license, to claim that Bitcoin doesn't exist.

I can understand that argument being used for physical gold or silver, but a software license? Those operate more or less the same as Bitcoin minus the public blockchain part.

Rather amazing someone had the energy to type all of that up and doesn't even realize how your Bitcoins are secured, and why they can't be spent by anybody else. It's particularly funny given that Bitcoin uses a UTXO model where you really do own your coins, v/ the Account model used by Ethereum which is more like the "number in a ledger" example she cites. Both, though, are valid so long as the coins can only be spent, or an account debited, by the owner.

[Kakmakr]

drop a bitcoin wallet address.

i will send you 10 bucks in bitcoin.  Money where my mouth is.  note.  it tends to move around since markets havnt yet come in to large scale agreement of what bitcoin is worth.  

Once you have that 10 bucks.  go buy a coffee with it and then tell me its not money.  

=>

drop a bitcoin wallet address.

i will send you 10 bucks in bitcoin.  Money where my mouth is.  note.  it tends to move around since markets havnt yet come in to large scale agreement of what bitcoin is worth.  

Once you have that 10 bucks.  go buy a coffee with it and then tell me its not money.  

=>

If a coffee shop give me coffee because I told them via Bitcoin software that quantity is money that doesn't make my statement true. Money is not quantity, but a thing measured with quantity. I could just as well go to a coffee shop, order a coffee and pay it by writing number 1 on a peace of paper. This won't make number "1" money, but coffee owner stupid. Number is an abstraction, it holds no value and it is impossible to compare it to the value of the coffee to find out whether the "exchange" is beneficial or not. So exchanging coffee or anything for numbers is stupid. You exchange them for things, existing things - other goods, debt (fiat money), services or labor. And you use numbers only to express the quantity of these existent things.

Your argument is so funny ...

So it is more valid if a government prints a number on a piece of paper and tells you what the value of that piece of paper is, because they determine that by printing more or less of that toilet paper money? (People like you still believe fiat currencies are linked to Gold)

What happens if a software developer creates a software program or a application for your mobile phone? (Example : Apple Pay / debit/credit cards / Internet Banking / NFC payments / IMPS, NEFT, RTGS, IMPS)  .....all of these use digital "numbers" reflected of a centralized database to transfer value.)

You are such a Fiat sheep....     ....The world of payment systems and currencies are changing and people like you are clinging to the past.  

You are holding onto a "Titanic" that are sinking... and you are still singing and dancing and ignoring the tragedy that are happening with government controlled currencies.  

[Antithesis]

drop a bitcoin wallet address.

i will send you 10 bucks in bitcoin.  Money where my mouth is.  note.  it tends to move around since markets havnt yet come in to large scale agreement of what bitcoin is worth.  

Once you have that 10 bucks.  go buy a coffee with it and then tell me its not money.  

=>

drop a bitcoin wallet address.

i will send you 10 bucks in bitcoin.  Money where my mouth is.  note.  it tends to move around since markets havnt yet come in to large scale agreement of what bitcoin is worth.  

Once you have that 10 bucks.  go buy a coffee with it and then tell me its not money.  

=>

If a coffee shop give me coffee because I told them via Bitcoin software that quantity is money that doesn't make my statement true. Money is not quantity, but a thing measured with quantity. I could just as well go to a coffee shop, order a coffee and pay it by writing number 1 on a peace of paper. This won't make number "1" money, but coffee owner stupid. Number is an abstraction, it holds no value and it is impossible to compare it to the value of the coffee to find out whether the "exchange" is beneficial or not. So exchanging coffee or anything for numbers is stupid. You exchange them for things, existing things - other goods, debt (fiat money), services or labor. And you use numbers only to express the quantity of these existent things.

Your argument is so funny ...

So it is more valid if a government prints a number on a piece of paper and tells you what the value of that piece of paper is, because they determine that by printing more or less of that toilet paper money?

What happens if a software developer creates a software program or a application for your mobile phone? (Example : Apple Pay / debit/credit cards / Internet Banking / NFC payments / IMPS, NEFT, RTGS, IMPS)  .....all of these use digital "numbers" reflected of a centralized database to transfer value.)

You are such a Fiat sheep....     ....The world of payment systems and currencies are changing and people like you are clinging to the past.  

You are holding onto a "Titanic" that are sinking... and you are still singing and dancing and ignoring the tragedy that are happening with government controlled currencies.  

The government prints numbers on a peace of paper to measure debt. So I am not exchanging things for numbers but for debt ownership. I explained in the OP how this debt gets paid by the borrowers. In the past there was ownership of gold measured with numbers. Today it is the ownership of debt. Gold and debt exist. Debt is protected via collateral. That's why you need to whole banking system - the middleman, who will ensure the debt that you own gets paid. Bitcoin on the other hand doesn't exist and all you have is numbers. Numbers that express the ownership of nothing. That's why you don't need a middleman. You just transfer numbers and pretend they quantify imaginary thing that you call "bitcoin".

[BlackHatCoiner]

It exists only in human mind, not in reality. In my mind I am the richest person in the world just like you are the owner of Bitcoins. In fantasy, everything is possible.

In my mind I have around 1500 BTC, but in reality I won't be accepted by the network if I told them so. So is it really in fantasy?

If a coffee shop give me coffee because I told them via Bitcoin software that quantity is money that doesn't make my statement true. Money is not quantity, but a thing measured with quantity.

Money is anything that is accepted by a community of people as a medium of exchange. Whether if it's physically (banknotes, coins) or digitally represented, in this case an immutable ledger, if some of us agree that it's useful, its units will start having value.

Number is an abstraction, it holds no value and it is impossible to compare it to the value of the coffee to find out whether the "exchange" is beneficial or not.

It depends on that number. If the number

• Cannot be erased no matter the excuse.
• Can only be transacted by the owner.
• Can be accessed by anyone in the world 24/7/365.

Then, I don't find any reasons why it shouldn't be valuated.

Bitcoin on the other hand doesn't exist and all you have is numbers. Numbers that express the ownership of nothing.

Just because it isn't used for expressing the ownership of governments' debts, doesn't mean that it can't.

[Kakmakr]

drop a bitcoin wallet address.

i will send you 10 bucks in bitcoin.  Money where my mouth is.  note.  it tends to move around since markets havnt yet come in to large scale agreement of what bitcoin is worth.  

Once you have that 10 bucks.  go buy a coffee with it and then tell me its not money.  

=>

drop a bitcoin wallet address.

i will send you 10 bucks in bitcoin.  Money where my mouth is.  note.  it tends to move around since markets havnt yet come in to large scale agreement of what bitcoin is worth.  

Once you have that 10 bucks.  go buy a coffee with it and then tell me its not money.  

=>

If a coffee shop give me coffee because I told them via Bitcoin software that quantity is money that doesn't make my statement true. Money is not quantity, but a thing measured with quantity. I could just as well go to a coffee shop, order a coffee and pay it by writing number 1 on a peace of paper. This won't make number "1" money, but coffee owner stupid. Number is an abstraction, it holds no value and it is impossible to compare it to the value of the coffee to find out whether the "exchange" is beneficial or not. So exchanging coffee or anything for numbers is stupid. You exchange them for things, existing things - other goods, debt (fiat money), services or labor. And you use numbers only to express the quantity of these existent things.

Your argument is so funny ...

So it is more valid if a government prints a number on a piece of paper and tells you what the value of that piece of paper is, because they determine that by printing more or less of that toilet paper money?

What happens if a software developer creates a software program or a application for your mobile phone? (Example : Apple Pay / debit/credit cards / Internet Banking / NFC payments / IMPS, NEFT, RTGS, IMPS)  .....all of these use digital "numbers" reflected of a centralized database to transfer value.)

You are such a Fiat sheep....     ....The world of payment systems and currencies are changing and people like you are clinging to the past.  

You are holding onto a "Titanic" that are sinking... and you are still singing and dancing and ignoring the tragedy that are happening with government controlled currencies.  

The government prints numbers on a peace of paper to measure debt. So I am not exchanging things for numbers but for debt ownership. I explained in the OP how this debt gets paid by the borrowers. In the past there was ownership of gold measured with numbers. Today it is the ownership of debt. Gold and debt exist. Debt is protected via collateral. That's why you need to whole banking system - the middleman, who will ensure the debt that you own gets paid. Bitcoin on the other hand doesn't exist and all you have is numbers. Numbers that express the ownership of nothing. That's why you don't need a middleman. You just transfer numbers and pretend they quantify imaginary thing that you call "bitcoin".

So your idea for a "perfect" currency is a currency that are based on debt? ===> https://www.usdebtclock.org/world-debt-clock.html

The imaginary "debt" that are being controlled or rather uncontrolled by corrupt governments around the world? You might be one of the lucky people who live in a first world country where the demise of fiat currencies are slowed down and manipulated by a very clever government... but for many people living in third world countries... that reality is already showing it's ugly face. (Hyperinflation -- Venezuela, Hungary, Zimbabwe, and Yugoslavia)

Satoshi Nakamoto created this technology to eliminate the corrupted "middleman" (Governments & Banks) and to stop the manipulation of the currency by replacing that with real "Supply and demand".

Why should people only have one currency? Why should the use of that currency be enforced with guns and violence? Why should a few elites determine the value of that currency? ====> Bitcoin was created to give people an alternative option and a choice if they wanted to use the Fiat currency or if they wanted to take the control of their own wealth and to use it as an alternative.