How Satoshi Nakamoto Fooled the World

[Gyfts]

If you're so anti-crypto I don't see why you're on this forum. Bitcoin is as popular as its ever been. Post COVID, people recognize that decentralization is the way financial systems should be run. It took all of 3 months for governments all around the world to permanently destroy their currencies through artificial economic stimulation via money printing. EU and the U.S are seeing high inflation numbers and low economic growth. You think these are signs that people are somehow awakening to Bitcoin's antics and NOT traditional currencies?

I am on this form to save people from scam. Governments destroyed nothing. Borrowing business of the banks and the borrowers is still going on and those who hold shares in this business (fiat currency) are still receiving goods, services, labor or collaterals from the borrowers. It is just that they receive less due to inflation.

European Union inflation rate 8.1 percent: https://tradingeconomics.com/european-union/inflation-rate

U.S. inflation rate 8.3 percent: https://tradingeconomics.com/united-states/inflation-cpi

You are watching currency collapse in real time. Is your argument that this is not government induced? What explanation do you have for a consumer of any of these currencies having lost their purchasing power by 8 percent from the same time last year other than government irresponsibility.

It is just that they receive less due to inflation. But, all businesses have ups and downs. Why do you mention the borrowing business in the forum about shares in the nonexistenent business?

You are attacking decentralization and making the argument of centralization in your original post and I've provided you two demonstrable metrics of centralization overreach. The inflation rate does not magically go up on its own. I don't understand what you mean by a "borrowing business."

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[Doan9269]

Have you ever opened your eyes?

i think OP you're the one in best position needed to make use of spectacle in other to see many things you're missing up, i give a look on your profile and finds lots of disgusting elements stating from how and what you post, i see you don't even follows some of the posting rules, take for instance on this thread and this same page, you engage your post consecutively without waiting on anyone to reply first before making another, i also take a look at your points on every post as baseless and pointless,

i can see the trust system as well I don't need to mention what's there, and your merit history as well is as good as not been on the forum, you created your account on the 15th of March this year but no single post of yours ever receive a positive remark from anyone, well the reason why you're here is best known to you OP but don't you think you're wasting your precious time that could be well use to benefit yourself and others in doing things the right way? just an advise anyway.

[Snowshow]

If you're so anti-crypto I don't see why you're on this forum. Bitcoin is as popular as its ever been. Post COVID, people recognize that decentralization is the way financial systems should be run. It took all of 3 months for governments all around the world to permanently destroy their currencies through artificial economic stimulation via money printing. EU and the U.S are seeing high inflation numbers and low economic growth. You think these are signs that people are somehow awakening to Bitcoin's antics and NOT traditional currencies?

I am on this form to save people from scam. Governments destroyed nothing. Borrowing business of the banks and the borrowers is still going on and those who hold shares in this business (fiat currency) are still receiving goods, services, labor or collaterals from the borrowers. It is just that they receive less due to inflation.

European Union inflation rate 8.1 percent: https://tradingeconomics.com/european-union/inflation-rate

U.S. inflation rate 8.3 percent: https://tradingeconomics.com/united-states/inflation-cpi

You are watching currency collapse in real time. Is your argument that this is not government induced? What explanation do you have for a consumer of any of these currencies having lost their purchasing power by 8 percent from the same time last year other than government irresponsibility.

It is just that they receive less due to inflation. But, all businesses have ups and downs. Why do you mention the borrowing business in the forum about shares in the nonexistenent business?

You are attacking decentralization and making the argument of centralization in your original post and I've provided you two demonstrable metrics of centralization overreach. The inflation rate does not magically go up on its own. I don't understand what you mean by a "borrowing business."

Why do you want to talk about inflation here?

[Gyfts]

European Union inflation rate 8.1 percent: https://tradingeconomics.com/european-union/inflation-rate

U.S. inflation rate 8.3 percent: https://tradingeconomics.com/united-states/inflation-cpi

You are watching currency collapse in real time. Is your argument that this is not government induced? What explanation do you have for a consumer of any of these currencies having lost their purchasing power by 8 percent from the same time last year other than government irresponsibility.

It is just that they receive less due to inflation. But, all businesses have ups and downs. Why do you mention the borrowing business in the forum about shares in the nonexistenent business?

You are attacking decentralization and making the argument of centralization in your original post and I've provided you two demonstrable metrics of centralization overreach. The inflation rate does not magically go up on its own. I don't understand what you mean by a "borrowing business."

Why do you want to talk about inflation here?

Because inflation was the result of centralization and future borrowing of funds the government was not able to produce. Bitcoin is deflationary. You don't get to create more coins because you want to artificially stimulate the economy to support COVID lockdowns.

You outlined the traditional financial system in your original post:

Example 3. Fiat currency system. This system is characterized by the possession of currency units created by the banks. And now the test: are people who invested in this system able to benefit without selling the currency units to new investors? Yes. The banks are in the business of issuing loans to borrowers and securing the loans with collaterals. That's how the currency units are created in the first place. When loans are granted, the borrowers go to the market with currency units and trade them with people for their goods, services, and labor. In other words, people invest these goods, services and labor in the fiat currency system. Finally, based on their loan contracts, the borrowers have the liability to return the currency units back to the banks. So they are forced to work for people who hold the units. Alternatively, they are forced to sell goods and services to these holders. And that's how the holders of fiat currencies are able to benefit without new investors. But what if the borrowers default on their loans? Well then the banks will first seize the collaterals. And then sell those collaterals to people who hold currency units. That's because these units are the liabilities of the banks and the banks must withdraw them from the market to liquidate the unpaid loans. The collaterals of the borrowers are therefore the second way how the holders of the currency units are able to benefit without selling these units to new investors. This system therefore also passed the test. It's not a scam.

Those currency units are centralized and created out of thin air with arbitrary metrics. How does the current fiat system pass your test when the entire system was built to fail, evident by a consumer losing nearly 10 percent of their purchasing power within a 12 month span via inflation? Does that sound like a structured system that is not a scam?  You're describing a basic loan system that utilizes fiat as the medium when crypto currency could accomplish the same. And knowing that something like Bitcoin can't be created out of thin air to bail out irresponsible lenders, it might give the big banks some pause if they begin issuing loans out to people they know cannot pay them back. See the U.S. 2008 housing crisis.

[Snowshow]

Those currency units are centralized and created out of thin air with arbitrary metrics. How does the current fiat system pass your test when the entire system was built to fail, evident by a consumer losing nearly 10 percent of their purchasing power within a 12 month span via inflation? Does that sound like a structured system that is not a scam?  You're describing a basic loan system that utilizes fiat as the medium when crypto currency could accomplish the same. And knowing that something like Bitcoin can't be created out of thin air to bail out irresponsible lenders, it might give the big banks some pause if they begin issuing loans out to people they know cannot pay them back. See the U.S. 2008 housing crisis.

First, you talk nonsense. Centralization is a concept. It doesn't cause anything. Inflation is caused by imbalance of money and goods and services, while the imbalance is caused by the politicians.

Second, and important: why do you wanna discuss inflation in the topic that describes the bitcoin scam?

Finally, all records are created out of thin air - records on number of shares in corporations, records on number of units in the banking system, and records on number of units in the bitcoin systems. But that's not the point. The point is that the shares and units in the first two systems enable people to return their investments from the systems. While the latter units don't, which is why people are able to return their investments only from new investors like in all investment scams. Bitcoin system is like a corporation whose only purpose is to issue and store its own shares, presented publicly as something valuable, in order to scam people out of their money.

[DooMAD]

Bitcoin system is like a corporation whose only purpose is to issue and store its own shares, presented publicly as something valuable, in order to scam people out of their money.

<cough>

False equivalence again.  Bitcoin is nothing like a business.

Businesses have CEOs and/or company directors, managers, chairmen, etc.  People in charge.  Bitcoin does not have those.

Holding shares in a business does not grant you access to interact financially with any of the people that business might interact with.  Whereas holding private keys to access bitcoins does give you access to a global network of people with whom to buy/sell/lend/trade/etc.

Financial businesses in particular often require reliance upon gatekeepers, meaning you have to obtain permission or approval from someone before you can use a given service.  This invariably requires handing over personal information, which could be lost, stolen or otherwise abused.  I can send Bitcoin to literally anyone and they don't have to obtain permission or approval from anyone.  No one has to submit personal information in order to transact. 



Bitcoin is both a Protocol and a Network.  And holding keys to a balance of bitcoins is what allows you to transact on that network using that protocol.  You've had 25 pages worth of bullshit to absorb this simple understanding into your mushy little pea-brain.  But you're still getting it wrong.  I can only assume it's deliberate because you can't possibly be that stupid.



But if you are determined to continue with your ridiculous flawed comparisons, kindly name a business with no one in charge that allows people to interact financially with other people, who may be on the other side of the world, without relying on middlemen or third parties and with no gatekeepers.

I'll wait.  

Still waiting...

It's almost as though you can't justify your own argument.   

[Snowshow]

Bitcoin system is like a corporation whose only purpose is to issue and store its own shares, presented publicly as something valuable, in order to scam people out of their money.

<cough>

False equivalence again.  Bitcoin is nothing like a business.

Businesses have CEOs and/or company directors, managers, chairmen, etc.  People in charge.  Bitcoin does not have those.

Holding shares in a business does not grant you access to interact financially with any of the people that business might interact with.  Whereas holding private keys to access bitcoins does give you access to a global network of people with whom to buy/sell/lend/trade/etc.

Financial businesses in particular often require reliance upon gatekeepers, meaning you have to obtain permission or approval from someone before you can use a given service.  This invariably requires handing over personal information, which could be lost, stolen or otherwise abused.  I can send Bitcoin to literally anyone and they don't have to obtain permission or approval from anyone.  No one has to submit personal information in order to transact.  



Bitcoin is both a Protocol and a Network.  And holding keys to a balance of bitcoins is what allows you to transact on that network using that protocol.  You've had 25 pages worth of bullshit to absorb this simple understanding into your mushy little pea-brain.  But you're still getting it wrong.  I can only assume it's deliberate because you can't possibly be that stupid.



But if you are determined to continue with your ridiculous flawed comparisons, kindly name a business with no one in charge that allows people to interact financially with other people, who may be on the other side of the world, without relying on middlemen or third parties and with no gatekeepers.

I'll wait.  

Still waiting...

It's almost as though you can't justify your own argument.  

So, you're participating in a stupidity of buying the units in a system that does nothing except issuing and storing the records of its own units, and you think you can hide that stupidity by asking irrelevant questions?

[DooMAD]

So, you're participating in a stupidity of buying the units in a system that does nothing except issuing and storing the records of its own units, and you think you can hide that stupidity by asking irrelevant questions?

You're the one who is too stupid to be able to back up their feeble claims.  You say Bitcoin is like a business, but you are completely unable to name a single business which can do the same things Bitcoin can do.  There are millions of companies in the world.  You're telling me you can't even find one to make a viable comparison with? 

Would have thought you'd be better prepared after so many threads and accounts.  Oh well, back to the drawing board you go.

[franky1]

funny thing is..
"snowshow" has said the exact same silly argument about 4 times now on 4 different accounts. and each time people like Doomad dont realise its the same person as he was arguing with before.

oh well.
to doomad(you insulting naive little man)
(nice edit to add "and accounts" after reading my post.. seems it only took you a couple months of arguing with the same person to then suddenly want to edit a post TODAY.. shame you didnt realise a couple months ago)


lets just conclude the argument(scam test)
1. fiat bank notes.... people holding bank notes do not gain anything from holding bank notes. no interest.. infact the longer they hold bank notes the less value you have.
yep inflation.. kills value of bank notes slowly

bitcoin however gains value slowly(deflation) so without selling it. you are storing more potential value for later... test pass for bitcoin

it also has many uses without selling it.
i personally programmed a security mechanism to only unlock a door when i send myself some coin(not sell just move coin between addresses i own) (IoT project)
and just like a house that does nothing but sit on land. i can prove ownership of my value and watch it appreciate in value, (unlike a bank note)
also just like a house, without selling it i could use bitcoin as collateral to get a loan. still in my possession but used to validate getting a loan.

you would be very surprised the amount of things you can do with a btc transaction without ever having to sell the coin. (transaction confirmation to another address you own+IoT projects, research it)

thousands of businesses have been created around the bitcoin ecosystem. its created millions of jobs.
many networks have been created using bitcoin as the collateral(peg).

heck i even remember someone that had a jetski rental and a mini golf course where by people could rent out the equipment by locking up btc as security/insurance/deposit. and they get it back/unlocked if they return equipment. thus again no "sell' just collateral

i knew someone that would mine gold 5000 miles away. and need leased land to mine on it. they put BTC up as collateral. whereby they didnt have to pay anything upfront for the equipment on the land already. nor sell the btc.. all they had to do was fulfill the lease contract of bringing back X ounces of gold at the end of the season. the BTC never sold. and the equipment was used for free, where the miner mined enough gold to pay the lease owner and keep some gold for himself too

[DooMAD]

funny thing is..
"snowshow" has said the exact same silly argument about 4 times now on 4 different accounts. and each time people like Doomad dont realise its the same person as he was arguing with before.

Oh joy, another illiterate halfwit in the topic!  

Did you not see the part where I literally just said:

Would have thought you'd be better prepared after so many threads and accounts.

It's not enough we have to deal with this dumbfuck without you adding to the fuckwittery?  Actually, I'll leave you both to it.  You'll probably have better luck getting through to the dumbass troll, seeing as you are one.

[Snowshow]

So, you're participating in a stupidity of buying the units in a system that does nothing except issuing and storing the records of its own units, and you think you can hide that stupidity by asking irrelevant questions?

You're the one who is too stupid to be able to back up their feeble claims.  You say Bitcoin is like a business, but you are completely unable to name a single business which can do the same things Bitcoin can do.  There are millions of companies in the world.  You're telling me you can't even find one to make a viable comparison with?  

Would have thought you'd be better prepared after so many threads and accounts.  Oh well, back to the drawing board you go.

The level of your stupidity is stunning. It doesn't matter what you think I said. It doesn't matter what is bitcoin. What matters is the fact that nobody who invested in the bitcoin system is able to return their investment without new investors. There's literally nothing in the system. People must wait for someone to save them out of it. Are you able to comprehend something so simple?

[Snowshow]

funny thing is..
"snowshow" has said the exact same silly argument about 4 times now on 4 different accounts. and each time people like Doomad dont realise its the same person as he was arguing with before.

oh well.
to doomad(you insulting naive little man)
(nice edit to add "and accounts" after reading my post.. seems it only took you a couple months of arguing with the same person to then suddenly want to edit a post TODAY.. shame you didnt realise a couple months ago)


lets just conclude the argument(scam test)
1. fiat bank notes.... people holding bank notes do not gain anything from holding bank notes. no interest.. infact the longer they hold bank notes the less value you have.
yep inflation.. kills value of bank notes slowly

bitcoin however gains value slowly(deflation) so without selling it. you are storing more potential value for later... test pass for bitcoin

it also has many uses without selling it.
i personally programmed a security mechanism to only unlock a door when i send myself some coin(not sell just move coin between addresses i own) (IoT project)
and just like a house that does nothing but sit on land. i can prove ownership of my value and watch it appreciate in value, (unlike a bank note)
also just like a house, without selling it i could use bitcoin as collateral to get a loan. still in my possession but used to validate getting a loan.

you would be very surprised the amount of things you can do with a btc transaction without ever having to sell the coin. (transaction confirmation to another address you own+IoT projects, research it)

thousands of businesses have been created around the bitcoin ecosystem. its created millions of jobs.
many networks have been created using bitcoin as the collateral(peg).

heck i even remember someone that had a jetski rental and a mini golf course where by people could rent out the equipment by locking up btc as security/insurance/deposit. and they get it back/unlocked if they return equipment. thus again no "sell' just collateral

i knew someone that would mine gold 5000 miles away. and need leased land to mine on it. they put BTC up as collateral. whereby they didnt have to pay anything upfront for the equipment on the land already. nor sell the btc.. all they had to do was fulfill the lease contract of bringing back X ounces of gold at the end of the season. the BTC never sold. and the equipment was used for free, where the miner mined enough gold to pay the lease owner and keep some gold for himself too

I have a single question for you: can someone return their investment in the bitcoin system without funds contributed by new investors? No one cares about your philosophy about banks. Just answer my simple question.

[tadamichi]

funny thing is..
"snowshow" has said the exact same silly argument about 4 times now on 4 different accounts. and each time people like Doomad dont realise its the same person as he was arguing with before.

oh well.
to doomad(you insulting naive little man)
(nice edit to add "and accounts" after reading my post.. seems it only took you a couple months of arguing with the same person to then suddenly want to edit a post TODAY.. shame you didnt realise a couple months ago)


lets just conclude the argument(scam test)
1. fiat bank notes.... people holding bank notes do not gain anything from holding bank notes. no interest.. infact the longer they hold bank notes the less value you have.
yep inflation.. kills value of bank notes slowly

bitcoin however gains value slowly(deflation) so without selling it. you are storing more potential value for later... test pass for bitcoin

it also has many uses without selling it.
i personally programmed a security mechanism to only unlock a door when i send myself some coin(not sell just move coin between addresses i own) (IoT project)
and just like a house that does nothing but sit on land. i can prove ownership of my value and watch it appreciate in value, (unlike a bank note)
also just like a house, without selling it i could use bitcoin as collateral to get a loan. still in my possession but used to validate getting a loan.

you would be very surprised the amount of things you can do with a btc transaction without ever having to sell the coin. (transaction confirmation to another address you own+IoT projects, research it)

thousands of businesses have been created around the bitcoin ecosystem. its created millions of jobs.
many networks have been created using bitcoin as the collateral(peg).

heck i even remember someone that had a jetski rental and a mini golf course where by people could rent out the equipment by locking up btc as security/insurance/deposit. and they get it back/unlocked if they return equipment. thus again no "sell' just collateral

i knew someone that would mine gold 5000 miles away. and need leased land to mine on it. they put BTC up as collateral. whereby they didnt have to pay anything upfront for the equipment on the land already. nor sell the btc.. all they had to do was fulfill the lease contract of bringing back X ounces of gold at the end of the season. the BTC never sold. and the equipment was used for free, where the miner mined enough gold to pay the lease owner and keep some gold for himself too

I have a single question for you: can someone return their investment in the bitcoin system without funds contributed by new investors? No one cares about your philosophy about banks. Just answer my simple question.

Can you get more dollars without another person/entity giving it to you? You dont understand that Bitcoiners dont want more dollars, they want more Bitcoin.

[franky1]

I have a single question for you: can someone return their investment in the bitcoin system without funds contributed by new investors? No one cares about your philosophy about banks. Just answer my simple question.

return their investment to where.. maybe you should learn bitcoin. there is no central company called bitcoin..
you never pay "the bitcoin system" to purchase bitcoin in the first place. because thats not how currency works. its not how bitcoin works.
(random people mine it and sell it. other random people buy it)
can you atleast try to make the distinction of how you want to think of bitcoin, as a asset(analogy: product) or a service(analogy: retailer) and stick with one.

thats the brilliant point of it. you never get your coin from a central company. its always a currency you get from people. those people could be direct face to face or using an agent /exchange that is the middleman service.

you do know what currency is right.. its a medium of exchange..
the purpose of currency is that it does change hands. meaning it is exchanged for something else of value deemed reasonable to the parties involved in the exchange.

if you want some 14 day return policy of 'if your not completely satisfied with your purchase then send it back to us and we will refund you' go buy some btc from someone that has this extra customer satisfaction condition.
not all retailers give products a satisfaction returns policy. and that does not make the product a scam.
products do not come with satisfaction aftersales service as standard. its upto the seller to offer it. not the product

infact. i have sold BTC to people and a few days later they have changed their mind and i accepted their btc back and gave them their money back at the original purchase rate.. so to answer your question.. yes someone can return their investment without funds contributed by new investors..

you just have to find the right person to get the coins from that offers such a customer satisfaction returns policy..
retail products dont come with satisfaction returns policy as standard. its upto the retailer to decide if they want to offer such a complimentary aftersales services.

oh and by the way..
not all corporations 'buy-back' shares on demand. you might want to research fiat investments while also learning about bitcoin utility/function/economics.

but i do laugh.. if you ever thought people can just hand their shares back and get 100% refund at anytime.. then you will find out the hard way, that shares dont work how you think they work

go on i dare you.. buy 2 shares of TESLA at (time of post) $704 each
and wait for the price to drop below $704. and then try to hand them back to elon musk and ask him for $1408.. i guarantee you he wont give you it.

[PrivacyG]

I have a single question for you: can someone return their investment in the bitcoin system without funds contributed by new investors? No one cares about your philosophy about banks. Just answer my simple question.

My man.  You said this exact thing 1, 2, 3, 4, 5, 6 times only in the last 3 pages.  Are you in need of some help?  Facing some mental blockage with this 'new investors' question of yours?  Seems like everyone answers this simple question about every time you ask it but you continue to ask again and again, or are you blind and your Text To Speech does not work properly?

Just accept it and move on.  You are wrong and probably wrote this theory while being high or something.  Or join Craig Wright's crib and do business together, because you are just as convinced of your own fantasies as him.

-
Regards,
PrivacyG

[Snowshow]

funny thing is..
"snowshow" has said the exact same silly argument about 4 times now on 4 different accounts. and each time people like Doomad dont realise its the same person as he was arguing with before.

oh well.
to doomad(you insulting naive little man)
(nice edit to add "and accounts" after reading my post.. seems it only took you a couple months of arguing with the same person to then suddenly want to edit a post TODAY.. shame you didnt realise a couple months ago)


lets just conclude the argument(scam test)
1. fiat bank notes.... people holding bank notes do not gain anything from holding bank notes. no interest.. infact the longer they hold bank notes the less value you have.
yep inflation.. kills value of bank notes slowly

bitcoin however gains value slowly(deflation) so without selling it. you are storing more potential value for later... test pass for bitcoin

it also has many uses without selling it.
i personally programmed a security mechanism to only unlock a door when i send myself some coin(not sell just move coin between addresses i own) (IoT project)
and just like a house that does nothing but sit on land. i can prove ownership of my value and watch it appreciate in value, (unlike a bank note)
also just like a house, without selling it i could use bitcoin as collateral to get a loan. still in my possession but used to validate getting a loan.

you would be very surprised the amount of things you can do with a btc transaction without ever having to sell the coin. (transaction confirmation to another address you own+IoT projects, research it)

thousands of businesses have been created around the bitcoin ecosystem. its created millions of jobs.
many networks have been created using bitcoin as the collateral(peg).

heck i even remember someone that had a jetski rental and a mini golf course where by people could rent out the equipment by locking up btc as security/insurance/deposit. and they get it back/unlocked if they return equipment. thus again no "sell' just collateral

i knew someone that would mine gold 5000 miles away. and need leased land to mine on it. they put BTC up as collateral. whereby they didnt have to pay anything upfront for the equipment on the land already. nor sell the btc.. all they had to do was fulfill the lease contract of bringing back X ounces of gold at the end of the season. the BTC never sold. and the equipment was used for free, where the miner mined enough gold to pay the lease owner and keep some gold for himself too

I have a single question for you: can someone return their investment in the bitcoin system without funds contributed by new investors? No one cares about your philosophy about banks. Just answer my simple question.

Can you get more dollars without another person/entity giving it to you? You dont understand that Bitcoiners dont want more dollars, they want more Bitcoin.

No one is interested in your irrelevant questions. My question is simple, relevant and concerned with the theme of this topic. You currently have the whole army of bitcoin holders who invested in the units of the bitcoin system. Can anyone return their investments without new investors? Answer the question.

[Snowshow]

I have a single question for you: can someone return their investment in the bitcoin system without funds contributed by new investors? No one cares about your philosophy about banks. Just answer my simple question.

return their investment to where.. maybe you should learn bitcoin. there is no central company called bitcoin..
you never pay "the bitcoin system" to purchase bitcoin in the first place. because thats not how currency works. its not how bitcoin works.
(random people mine it and sell it. other random people buy it)
can you atleast try to make the distinction of of you want to think of bitcoin as a asset(analogy: product) or a service(analogy: retailer) and stick with one.

thats the brilliant point of it. you never get your coin from a central company. its always a currency you get from people. those people could be direct face to face or using an agent /exchange that is the middleman service.

you do know what currency is right.. its a medium of exchange..
the purpose of currency is that it does change hands. meaning it is exchanged for something else of value deemed reasonable to the parties involved in the exchange.

if you want some 14 day return policy of 'if your not completely satisfied with your purchase then send it back to us and we will refund you' go buy some btc from someone that has this extra customer satisfaction condition.
not all retailers give products a satisfaction returns policy. and that does not make the product a scam.
products do not come with satisfaction aftersales service as standard. its upto the seller to offer it. not the product

infact. i have sold BTC to people and a few days later they have changed their mind and i accepted their btc back and gave them their money back at the original purchase rate.. so to answer your question.. yes someone can return their investment without funds contributed by new investors..

you just have to find the right person to get the coins from that offers such a customer satisfaction returns policy..
retail products dont come with satisfaction returns policy as standard. its upto the retailer to decide if they want to offer such a complimentary aftersales services.

oh and by the way..
not all corporations 'buy-back' shares on demand. you might want to research fiat investments while also learning about bitcoin utility/function/economics.

but i do laugh.. if you ever thought people can just hand their shares back and get 100% refund at anytime.. then you will find out the hard way, that shares dont work how you think they work

go on i dare you.. buy 2 shares of TESLA at (time of post) $704 each
and wait for the price to drop below $704. and then try to hand them back to elon musk and ask him for $1408.. i guarantee you he wont give you it.

The level of your ignorance and denial is stunning. Tesla is in the business of producing cars and has capital. You cannot compare Tesla to bitcoin scam. This scam only has protocols fot attributing the units in nothing after people invested in this nothingness. Which is why they cannot return even a dime worth of investment without someone entering and saving their ass. When you said that you sold bitcoin, that's someone saving your ass from the scam.

[Snowshow]

I have a single question for you: can someone return their investment in the bitcoin system without funds contributed by new investors? No one cares about your philosophy about banks. Just answer my simple question.

My man.  You said this exact thing 1, 2, 3, 4, 5, 6 times only in the last 3 pages.  Are you in need of some help?  Facing some mental blockage with this 'new investors' question of yours?  Seems like everyone answers this simple question about every time you ask it but you continue to ask again and again, or are you blind and your Text To Speech does not work properly?

Just accept it and move on.  You are wrong and probably wrote this theory while being high or something.  Or join Craig Wright's crib and do business together, because you are just as convinced of your own fantasies as him.

-
Regards,
PrivacyG

Well, people here ignore the theme of this topic in literally every post. So, I will keep repeating what the theme is.

[Snowshow]

funny thing is..
"snowshow" has said the exact same silly argument about 4 times now on 4 different accounts. and each time people like Doomad dont realise its the same person as he was arguing with before.

oh well.
to doomad(you insulting naive little man)
(nice edit to add "and accounts" after reading my post.. seems it only took you a couple months of arguing with the same person to then suddenly want to edit a post TODAY.. shame you didnt realise a couple months ago)


lets just conclude the argument(scam test)
1. fiat bank notes.... people holding bank notes do not gain anything from holding bank notes. no interest.. infact the longer they hold bank notes the less value you have.
yep inflation.. kills value of bank notes slowly

bitcoin however gains value slowly(deflation) so without selling it. you are storing more potential value for later... test pass for bitcoin

it also has many uses without selling it.
i personally programmed a security mechanism to only unlock a door when i send myself some coin(not sell just move coin between addresses i own) (IoT project)
and just like a house that does nothing but sit on land. i can prove ownership of my value and watch it appreciate in value, (unlike a bank note)
also just like a house, without selling it i could use bitcoin as collateral to get a loan. still in my possession but used to validate getting a loan.

you would be very surprised the amount of things you can do with a btc transaction without ever having to sell the coin. (transaction confirmation to another address you own+IoT projects, research it)

thousands of businesses have been created around the bitcoin ecosystem. its created millions of jobs.
many networks have been created using bitcoin as the collateral(peg).

heck i even remember someone that had a jetski rental and a mini golf course where by people could rent out the equipment by locking up btc as security/insurance/deposit. and they get it back/unlocked if they return equipment. thus again no "sell' just collateral

i knew someone that would mine gold 5000 miles away. and need leased land to mine on it. they put BTC up as collateral. whereby they didnt have to pay anything upfront for the equipment on the land already. nor sell the btc.. all they had to do was fulfill the lease contract of bringing back X ounces of gold at the end of the season. the BTC never sold. and the equipment was used for free, where the miner mined enough gold to pay the lease owner and keep some gold for himself too

I have a single question for you: can someone return their investment in the bitcoin system without funds contributed by new investors? No one cares about your philosophy about banks. Just answer my simple question.

Can you get more dollars without another person/entity giving it to you? You dont understand that Bitcoiners dont want more dollars, they want more Bitcoin.

No one is interested in your irrelevant questions. My question is simple, relevant and concerned with the theme of this topic. You currently have the whole army of bitcoin holders who invested in the units of the bitcoin system. Can anyone return their investments without new investors? Answer the question.

You can only get $ if someone else gives it to you in return of what you’re offering, like with every good on earth. That’s how a market works. But we showed you ways multiple times now in how to transact with bitcoin directly. And that when Bitcoin becomes more popular no more selling of bitcoin is necessary. So your thought process doesn’t apply here. Bitcoin can exist on its own, without the dollar or new investors. Just because new people are smart enough to invest in bitcoin, doesn’t mean it’s a scam. That’s not how the scam test works. By your logic everything in this world would be a scam, so how do you cash in gold profits without new „investors“?

Your system of detecting scams has an error rate of 100%(you could apply this to every single thing on earth). Then you apply it only to bitcoin and think you have exposed it. But you don’t recognize that your measurement is flawed and not the thing you’re using it on.

So you're unable to answer the question. Nice. That's because you know bitcoin is a scam. People are trading the units of a system that's completely worthless, and of course they are forced to wait for someone to save them out of that units. It's reality funny how pathetic you people are trying to defend the scam.

[Mauser]

are people able to benefit from a system or a product without selling its units to new investors?

I am not sure if this is really a universal test to be honest. For practical goods this of course works. If there is no intrinsic value in a good itself than people don't need it and shouldn't be buying it. But this doesn't hold true for commodities or currencies. Let's say you buy a basket of precious metals including gold and silver, then everybody would agree it's really valuable. For ourselves the intrinsic value would be 0, we can't eat the metals or do something useful with it. The whole value for the commodity basket comes from what other people would pay for it. Same goes for some emerging market currencies that investors buy only with the goal to sell them for more money in the future. The value itself for us 0 because we can't use that money in the shop. As long as other people are accepting the currencies or commodities and exchange them for other goods they are valuable and not a scam, same goes for crypto currencies.