How Satoshi Nakamoto Fooled the World

[evilgreed]

               Come on guys don't be too harsh on the guy. Maybe he just honestly doesn't know and believes he is doing something really helpful for the community. But regardless, you op, should always try to fact check whatever information it is you are trying to spread regardless of your reasons. Hope this serves as a lesson for you. Good thing that lots of people here know better and gave enough fck to tell their thoughts which prevented other newbies like you to be misled by your false information.

[1714016312]

1714016312

[1714016312]

1714016312

[1714016312]

1714016312

[1714016312]

1714016312

[1714016312]

1714016312

[Snowshow]

Too bad you have to make another story about Bitcoin to convince people here that it is like a simple sms. If that were the case it wouldn't be valuable till this moment of time, just think about it, it can't be printed and duplicated. Oh my, this is another FUD for Bitcoin enthusiast here, so be prepared to take their bite.

Bitcoin is a number. Numbers can be duplicated. Here you go... "100". Now, take a look at the bitcoin address of a guy that bought 100 bitcoins. That what he received is the same thing I just created. For comparison, try to duplicate a Porsche or a diamond that someone recieved after the purchase.

[mocacinno]

So... You're trolling right? And it seems we, as a community, have poor impulse controll. Instead of ignoring, we just have to continue to explain everything to you because we don't want newbies to fall for fake info... sigh...

I don't mind explaining a thing or two to somebody that has genuine intrest in our ecosystem, the technology, the practical implication,... but this thread seems like a waste of time (i'm going to ignore this thread in a minute anyways, so you don't have to respond, odds are i won't read the reply anyways).

I guess you'll have to revert to only accepting payment in things you can eat, burn, use as shelter, or you can wear... Everything else is either useless or is only usefull to obtain something to eat, burn; wear or use as shelter.

[Snowshow]

So... You're trolling right? And it seems we, as a community, have poor impulse controll. Instead of ignoring, we just have to continue to explain everything to you because we don't want newbies to fall for fake info... sigh...

I don't mind explaining a thing or two to somebody that has genuine intrest in our ecosystem, the technology, the practical implication,... but this thread seems like a waste of time.

I guess you'll have to revert to only accepting payment in things you can eat, burn, use as shelter, or you can wear... Everything else is either useless or is only usefull to obtain something to eat, burn; wear or use as shelter.

I am not here to read your reasons for purchasing numbers or to read your explanations on how Satoshi's messaging system operates. I am here to present the discovery that bitcoin system is not a payment system and that bitcoin is not money. That's all.

[Lucius]

Anyone with an objective eye will come to the same conclusion. You literally are buying a number. You are not buying equity, real estate, vechicles, software licences, debt... You just receive a number to your electronic address via Satoshi's messaging system. That's a fact so simple that even a child can understand it. What nobody can understand is why people are paying millions of dollars for receiving numbers. That's a mystery beyond human comprehension.

So you indirectly admit that you are the same person who already presented the same ideas some time ago - did you forget the password from that account or? Your theory might be interesting to the kids in kindergarten, for everyone else it's total nonsense - maybe one day you'll realize some things, and maybe not.

If you think that 1 BTC in your non-custodial wallet is not worth more than the usual number 1 presented on the screen, I suggest the following: draw a sunset and live in the belief that you have something more valuable than 1 BTC. You have not revealed any great secret but perhaps one of your greatest nonsense in life.

[arcmetal]

Anyone with an objective eye will come to the same conclusion. You literally are buying a number. You are not buying equity, real estate, vechicles, software licences, debt... You just receive a number to your electronic address via Satoshi's messaging system. That's a fact so simple that even a child can understand it. What nobody can understand is why people are paying millions of dollars for receiving numbers. That's a mystery beyond human comprehension.

So you indirectly admit that you are the same person who already presented the same ideas some time ago - did you forget the password from that account or? Your theory might be interesting to the kids in kindergarten, for everyone else it's total nonsense - maybe one day you'll realize some things, and maybe not.

...

They have already stated that they have zero comprehension of what is going with bitcoin here:

... You just receive a number to your electronic address via Satoshi's messaging system. That's a fact so simple that even a child can understand it. What nobody can understand is why people are paying millions of dollars for receiving numbers. That's a mystery beyond human comprehension.

Apparently, what this person has missed is that many do comprehend what is going on with bitcoin.  This forum is filled with such people.  I'd suggest, as have others, that for those who are new to bitcoin skip this thread and try better sources when first learning about bitcoin.

[pawanjain]

Assume that you have a message.
You can forward the same message to many different people.
But can you do that with bitcoin ? Can you transfer the same bitcoin to many different people ?

Ofcourse not!
I wouldn't say that your theory is absolute shit although I think it is but since you are a newbie I will advice you to read more about bitcoin.
Get a grip of it's basics and learn more about bitcoin for beginners.

[Snowshow]

Anyone with an objective eye will come to the same conclusion. You literally are buying a number. You are not buying equity, real estate, vechicles, software licences, debt... You just receive a number to your electronic address via Satoshi's messaging system. That's a fact so simple that even a child can understand it. What nobody can understand is why people are paying millions of dollars for receiving numbers. That's a mystery beyond human comprehension.

So you indirectly admit that you are the same person who already presented the same ideas some time ago - did you forget the password from that account or? Your theory might be interesting to the kids in kindergarten, for everyone else it's total nonsense - maybe one day you'll realize some things, and maybe not.

If you think that 1 BTC in your non-custodial wallet is not worth more than the usual number 1 presented on the screen, I suggest the following: draw a sunset and live in the belief that you have something more valuable than 1 BTC. You have not revealed any great secret but perhaps one of your greatest nonsense in life.

I am not the person you are talking about. Regarding the value. I think nothing about the value. I am simply saying that the THING that you receive to your electronic address via bitcoin messaging system is exactly the same as the one you can receive to your electronic address via the email system. That thing is called a number. It's not a vehicle, equity, real estate, debt or a license. It's a number. I can create numbers out of thin air, and send them to you free of charge. But if you prefer numbers that Satoshi's software creates out of thin air and if you want to spend a tone of money to receive them to you electronic address, that's your choice. You can do whatever you want.

[kryptqnick]

The op makes an... original comparison, I guess, but like others, I disagree with it. If BTC is sent from one wallet to another, the recipient is now the owner. It's even more so than when people use bank accounts, actually, because one could argue that it's technically the banks owning money and the ownership barely gets transferred. Also, SMS is technically private (at least, if I send SMS to someone I know, regular people can't just look it up), whereas Bitcoin transactions are public, one can see the transfer from one address to another all over the world.

[stompix]

~

BTC is a number. I can get a number in an instant. And I can send it to you electronically for free. What you are asking is that I send you a number via bitcoin messaging system. And in order to do that I have to pay for it. That's the bizarre thing I am talking about it the video. Numbers are free and we don't pay for them. So in order to perform your test I would have to pay for a number. And that's something I'll never do. I'll never gave my property for free to someone just to recieve a number through the bitcoin messaging system.

That makes a lot of sense!
Before that, you claimed that bitcoin didn't represent anything like property but now you claim you have to give something of value in order to send something that was free is not free but it is actually free.

I can't even picture how twisted your logic is if you don't realize that in order to send me some bitcoins you have to pay the value of those bitcoins and it will be the same for me when I try to use it, the same stands for your bank account and there is no difference here, the same stand for eveything! Banknotes are just pieces of paper with numbers on them, they are not free, I can print you a xerox copy of one but it won't have the same value just like testnet bitcoins are nearly worthless.

How hard is it for you to understand that if something comes with a cost in order to use that means that's the value of it?

It's a number. I can create numbers out of thin air, and send them to you free of charge.

No, you don't otherwise you would have proved us all wrong and sent each of us a million coins.

Bitcoin is a number. Numbers can be duplicated. Here you go... "100". Now, take a look at the bitcoin address of a guy that bought 100 bitcoins. That what he received is the same thing I just created. For comparison, try to duplicate a Porsche or a diamond that someone recieved after the purchase.

A pretty simple way to prove it.
You can start sending me 10BTC as many times as you wish, I could still buy a Porsche every time you do that.  

[Snowshow]

Assume that you have a message.
You can forward the same message to many different people.
But can you do that with bitcoin ? Can you transfer the same bitcoin to many different people ?

Ofcourse not!
I wouldn't say that your theory is absolute shit although I think it is but since you are a newbie I will advice you to read more about bitcoin.
Get a grip of it's basics and learn more about bitcoin for beginners.

Of course yes! Bitcoin is a number. Check what you receive to your bitcoin address - a number. Let's say you received "5". I can transfer the same number to many electronic addresses through many different messaging systems, the same as someone would send you this number through Satoshi's messaging system. In the same sense, I can send the word "Hello" through many messaging systems, but not through Satoshi's one. That's because Satoshi's system is a primitive one - it sends only numbers.

The op makes an... original comparison, I guess, but like others, I disagree with it. If BTC is sent from one wallet to another, the recipient is now the owner. It's even more so than when people use bank accounts, actually, because one could argue that it's technically the banks owning money and the ownership barely gets transferred. Also, SMS is technically private (at least, if I send SMS to someone I know, regular people can't just look it up), whereas Bitcoin transactions are public, one can see the transfer from one address to another all over the world.

If I would send you a number through email messaging system, you as a recipient would become the owner of that number. If I would take a piece of paper and write down a number I would become the owner of that number. Now, the question is, why would someone pay millions of dollars to become a number owner if they can get it for free?

~

BTC is a number. I can get a number in an instant. And I can send it to you electronically for free. What you are asking is that I send you a number via bitcoin messaging system. And in order to do that I have to pay for it. That's the bizarre thing I am talking about it the video. Numbers are free and we don't pay for them. So in order to perform your test I would have to pay for a number. And that's something I'll never do. I'll never gave my property for free to someone just to recieve a number through the bitcoin messaging system.

That makes a lot of sense!
Before that, you claimed that bitcoin didn't represent anything like property but now you claim you have to give something of value in order to send something that was free is not free but it is actually free.

I can't even picture how twisted your logic is if you don't realize that in order to send me some bitcoins you have to pay the value of those bitcoins and it will be the same for me when I try to use it, the same stands for your bank account and there is no difference here, the same stand for eveything! Banknotes are just pieces of paper with numbers on them, they are not free, I can print you a xerox copy of one but it won't have the same value just like testnet bitcoins are nearly worthless.

How hard is it for you to understand that if something comes with a cost in order to use that means that's the value of it?

It's a number. I can create numbers out of thin air, and send them to you free of charge.

No, you don't otherwise you would have proved us all wrong and sent each of us a million coins.

Bitcoin is a number. Numbers can be duplicated. Here you go... "100". Now, take a look at the bitcoin address of a guy that bought 100 bitcoins. That what he received is the same thing I just created. For comparison, try to duplicate a Porsche or a diamond that someone recieved after the purchase.

A pretty simple way to prove it.
You can start sending me 10BTC as many times as you wish, I could still buy a Porsche every time you do that.  

Bitcoin is a number. If you want to call a number a property, I am fine with that. It's semantics. Essentially, what I have claimed is that I would never traded property that can't be created out of thin air, fot the one that can. Numbers are created out of thin air.  Meaning I can get them free of charge whenever I want. However, those that have numbers in their bitcoin addresses, ask money for them. I would never give money for something I can get free of charge. That's the point. So, my logic is pretty clear, simple and sound.

Banknotes represent debt that the banks owe to holders of these banknotes. Watch the video. Debt cannot be created out of thin air. But out of loan contracts, collaterals and bank capital.

Regarding your claim that if something comes with a cost in order to use that means that's the value of it. Bitcoin doesn't come with a cost. A simple code creates it out of thin air. Just because there's a protocol to provide POW before the creation, that doesn't mean the creation is not out of thin air. I can set a protocol that I will send you a number via email system only after you provide me a proof that you traveled around the world in 30 days. Would that mean my number has value equivalent to your traveling costs?

[Tellek Garing]

Some forks have misunderstood the Bitcoin concept and have decided to spread misconceptions of the general function and operation of Bitcoin, how can a person say bitcoin is like an SMS that is a transmission of messaging simply because Bitcoin value can be transferred over the network the of the chain.

I will advise you to get a deeper understanding of Bitcoin and try to get rid of the misconceptions you have on Bitcoin and reposition yourself for better knowledge.

[BlackHatCoiner]

Yes, it's this guy called "Antithesis" who dislikes that we're dealing with a different kind of currency they disapprove of. They find it irrational as they say, to use Bitcoin, because there's only "faith" that some will accept it in the future while fiat is legally enforced (AKA "faith in the government"). It has been repeatedly told them that Bitcoin is meaningful, but they deny any opinion other than theirs.

There's no reason for discussion. They didn't, don't and won't ever understand.

[arcmetal]

Yes, it's this guy called "Antithesis" who dislikes that we're dealing with a different kind of currency they disapprove of. They find it irrational as they say, to use Bitcoin, because there's only "faith" that some will accept it in the future while fiat is legally enforced (AKA "faith in the government"). It has been repeatedly told them that Bitcoin is meaningful, but they deny any opinion other than theirs.

There's no reason for discussion. They didn't, don't and won't ever understand.

This does remind of a quote I recently learned, which seems apropos here:

It is easy to wake someone who is sleeping, but it's near impossible to awaken someone who is pretending to sleep.

[Blended@]

Hmmm is so borning on reading the whole thing,however the secret could be how you invest if you lose or you gain is all bound back on business if you wish to invest in case if the secret is the bad one or the good one for that matter

[Snowshow]

Some forks have misunderstood the Bitcoin concept and have decided to spread misconceptions of the general function and operation of Bitcoin, how can a person say bitcoin is like an SMS that is a transmission of messaging simply because Bitcoin value can be transferred over the network the of the chain.

I will advise you to get a deeper understanding of Bitcoin and try to get rid of the misconceptions you have on Bitcoin and reposition yourself for better knowledge.

Do you know that the only difference between a bitcoin address that has zero bitcoins and the one that has for e.g. two bitcoins is in mathematical symbols? The first one has this symbol: "0", while the second one this: "2". So, when a person pays $80,000, the system just marks that person's address with a different mathematical symbol. Try to think about that for a second. The person didn't get a building, vehicle, land, shares in equity or debt, software licences, commodity or patent after paying so much money. Only a symbol was changed in their address. When a person says: "I bought two bitcoins", that's a lie. It's a misinformation. Nothing was bought. Only a change of symbols happened in their electronic address. "0", was changed into "2". So, where are this person's two bitcoins? What the person got after paying $80,000? Well, nothing. You people live in a giant investment utopia. You think that you invested in something when in reality all that has happened is the swap of symbols in your electronic addresses. You are paying a tone of money because the system of an anonymous guy swaps mathematical symbols. It's literally unbelievable how easy is to fool people into handing over the money.

Yes, it's this guy called "Antithesis" who dislikes that we're dealing with a different kind of currency they disapprove of. They find it irrational as they say, to use Bitcoin, because there's only "faith" that some will accept it in the future while fiat is legally enforced (AKA "faith in the government"). It has been repeatedly told them that Bitcoin is meaningful, but they deny any opinion other than theirs.

There's no reason for discussion. They didn't, don't and won't ever understand.

So, you're the second person who thinks I am someone else. Interesting. As for your reason: "bitcoin is meaningful". Where is your bitcoin if after paying $40,000 only the swap of symbols happened in your electronic address? This: "0", changed into this: "1". What exactly is "meaningful"?

[slaman29]

I love how you compare Bitcoin to SMS.

I could send an SMS to a number, and anyone could be reading it, and I could even have no control over whether or not the message is seen by others, or even delivered.

When you send Bitcoin to someone, you actually sign over ownership of that data. I send you 1 BTC I actually authorise to transfer ownership of that 1 BTC from me to you. And I know only you get it, only you can access it (unless you shared your access or you use someone else's access).

Yeah, and you are still talking about numbers. There are no ownership rights on numbers. When you calculate 1+1 you're using numbers and you are not required to pay something to someone. Nobody owns numbers. Nor you need someone to secure them given you can create them in an instant when you need them. You people are spending money on something that you literally can create in whatever amount whenever you want. But hey, it's a free world. You can do with your money whatever you want. If you want to purchase numbers, go for it.

So you agree with all my points. And then you proceed to be really silly about it. Of course there are no ownership rights on numbers. Or on paper, which deeds are written on. "You want to pay for numbers" is as accurate as saying "you want to pay for tree pulp" or "water".

I am not purchasing any numbers, by the way, I am getting paid by people with these "numbers" as you call it and selling it to people who clearly see value in it, and at the end of the day, we all assign value or accept value assigned by others. Tree pulp, numbers, seashells, earth metals.

You, me, we all pay for "numbers" when we go online and send these posts. Bits or bytes, or 0s and 1s.

If it really is as you say, why not go and create your own numbers in an instant then and spread it and show us you can do it. 1000s of shitcoins prove your statement wrong.

[Snowshow]

I love how you compare Bitcoin to SMS.

I could send an SMS to a number, and anyone could be reading it, and I could even have no control over whether or not the message is seen by others, or even delivered.

When you send Bitcoin to someone, you actually sign over ownership of that data. I send you 1 BTC I actually authorise to transfer ownership of that 1 BTC from me to you. And I know only you get it, only you can access it (unless you shared your access or you use someone else's access).

Yeah, and you are still talking about numbers. There are no ownership rights on numbers. When you calculate 1+1 you're using numbers and you are not required to pay something to someone. Nobody owns numbers. Nor you need someone to secure them given you can create them in an instant when you need them. You people are spending money on something that you literally can create in whatever amount whenever you want. But hey, it's a free world. You can do with your money whatever you want. If you want to purchase numbers, go for it.

So you agree with all my points. And then you proceed to be really silly about it. Of course there are no ownership rights on numbers. Or on paper, which deeds are written on. "You want to pay for numbers" is as accurate as saying "you want to pay for tree pulp" or "water".

I am not purchasing any numbers, by the way, I am getting paid by people with these "numbers" as you call it and selling it to people who clearly see value in it, and at the end of the day, we all assign value or accept value assigned by others. Tree pulp, numbers, seashells, earth metals.

You, me, we all pay for "numbers" when we go online and send these posts. Bits or bytes, or 0s and 1s.

If it really is as you say, why not go and create your own numbers in an instant then and spread it and show us you can do it. 1000s of shitcoins prove your statement wrong.

You are ignoring facts again, like everyone else here. To stop all this ignorance I will ask you one simple question: what did you purchase if the only thing that happened in your bitcoin address is a swap of mathematical symbols? For e.g., symbol "0" was changed into symbol "1". So, what did you purchase?

[DooMAD]

I will ask you one simple question: what did you purchase if the only thing that happened in your bitcoin address is a swap of mathematical symbols? For e.g., symbol "0" was changed into symbol "1". So, what did you purchase?

Censorship resistance,
Financial autonomy,
Monetary sovereignty,
Freedom.

People used to say money can't buy those things.  Bitcoin proves them wrong.

And as the icing on the cake, a hedge against inflation and a distinct likelihood of increased purchasing power later down the road.

[Snowshow]

I will ask you one simple question: what did you purchase if the only thing that happened in your bitcoin address is a swap of mathematical symbols? For e.g., symbol "0" was changed into symbol "1". So, what did you purchase?

Censorship resistance,
Financial autonomy,
Monetary sovereignty,
Freedom.

People used to say money can't buy those things.  Bitcoin proves them wrong.

And as the icing on the cake, a hedge against inflation and a distinct likelihood of increased purchasing power later down the road.

So let me get this straight. You gave your property for free to someone. After that, mathematical symbol "0" was swapped for this symbol: "1". And that means you are "free". I agree, you are free of your property. The fact that no one is able to change a symbol in your address, making it censorship resistant, is equally true for the the address with symbol "0" - that address is censorship resistant. Further, a guy that holds that address, also enjoys financial autonomy, monetary sovereignty and freedom. So you gave your property for free only to have something that a guy with 0 BTC also has. Nicely done. Keep giving.