How Satoshi Nakamoto Fooled the World

[BlackHatCoiner]

Money can be whatever resource that provides utility to people.

You're the only person left who still doesn't recognize at least one utility. Meanwhile, we're enjoying benefits that are otherwise impossible to gain.

Benefits such as:

• Internet privacy
• Cheap transaction fees via the internet
• Nearly instant transaction settlement via the internet
• Censorship resistance in electronic transactions

You don't gain any of those in fiat. That's why it's valuable. That's what we're all years now purposelessly trying to tell you.

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[Snowshow]

Money can be whatever resource that provides utility to people.

You're the only person left who still doesn't recognize at least one utility. Meanwhile, we're enjoying benefits that are otherwise impossible to gain.

Benefits such as:

• Internet privacy
• Cheap transaction fees via the internet
• Nearly instant transaction settlement via the internet
• Censorship resistance in electronic transactions

You don't gain any of those in fiat. That's why it's valuable. That's what we're all years now purposelessly trying to tell you.

These aren't benefits, but concepts created by the imagination of participants of Nakamoto scheme. There aren't any transactions in this scheme. A transaction is a transfer of a resource, and it is the resource what provides utility to people. Nakamoto scheme transfers numbers, not resources.

[BlackHatCoiner]

There's an entire economy built around this currency, network and technology. You can continue whining about non-existent resources as much as you want, but that won't make it true.

Better just leave this place. Nobody seems to understand you, let alone agree with you.


Back to ignore.

[darkv0rt3x]

You're just repeating nonsense conspiracy theories about fiat money. Fiat money is simply a record of debt just like an invoice is a record of the products or services provided to a costumer. All records are created out of thin air. But recourses, like debt, products or services are not created out of thin air. Debt for example is created out of loan contracts and collaterals. Bitcoin on the other hand, is not a resource. It's a unit of Nakamoto's imaginary number (21 million) whose record is stored on blockchain. It's a simple online scam falsely presented to the public as a payment system. In a payment system resources are transferred, and the quantity of resources is expressed with numbers written on paper or digitally. In Nakamoto's scam you have numbers but not resources. That's why those who join the scam by investing their resources must wait new suckers to join otherwise they are doomed.

I can see who's repeating non-sense conspiracy. "Oh, fiat money is simply a record of debt, bla bla bla bla". Where the hell debt is a resource? Debt is the most shittiest mechanism to create money out of nothing, because fiat is backed by absolutely nothing other than the electricity spent to print bills. Don't be ridiculous. That debt is what keeps your ass under their control. And apparently you like to have your ass controlled by others! And if you like fiat, and having your ass controlled by a bunch of bastards, you'll even like more those CBDCs.

Bitcoin is not a unit of Nakamoto's bla bla bla you say. Bitcoin is a messaging protocol. Is a network. Don't be ridiculous. The only imaginary numbers I know are the ones to represent the square root of negative numbers! Those are the only imaginary numbers I know. Ahh and I also know about your imaginary/real fetish with fiat!

You're just repeating irrelevant stuff and refuting nothing. Your personal opinion on debt won't change the fact that debt is a resource that provides utility at settlement. Bitcoin is indeed a unit of Nakamoto's imaginary number. Network that transfer the units of that number cannot magically turn these units into resources. So it's completely irrelevant on what protocols it operates.

Likewise your supposedly correct definition/opinion of whatever imaginary number you talk about will not change the fact that that is one of the key properties your shiat coin lacks and therefore makes it (your shiat coin) a deflacionary crap that is filling your pockets of 0 value, backed by 0 resources (which some chose to call trust in government).

You're refutting nothing either. Just because your moaning over and over again that Bitcoin is just transferring bla bla bla bla resources, doesn't makes it true, but for you!

Keep trying!

[Snowshow]

There's an entire economy built around this currency, network and technology. You can continue whining about non-existent resources as much as you want, but that won't make it true.

Better just leave this place. Nobody seems to understand you, let alone agree with you.


Back to ignore.

Yeah, of course. There's an entire economy that profits nicely from transfers of numbers in Nakamoto scheme. But still, no resources are transferred in this scheme.

[darkv0rt3x]

Money can be whatever resource that provides utility to people.

You're the only person left who still doesn't recognize at least one utility. Meanwhile, we're enjoying benefits that are otherwise impossible to gain.

Benefits such as:

• Internet privacy
• Cheap transaction fees via the internet
• Nearly instant transaction settlement via the internet
• Censorship resistance in electronic transactions

You don't gain any of those in fiat. That's why it's valuable. That's what we're all years now purposelessly trying to tell you.

These aren't benefits, but concepts created by the imagination of participants of Nakamoto scheme. There aren't any transactions in this scheme. A transaction is a transfer of a resource, and it is the resource what provides utility to people. Nakamoto scheme transfers numbers, not resources.

There you are trying to force your non-sense onto others. Make a move and try to detach your brains from your stupidity, because your brains won't take it for much longer!
You keep saying things thinking they are the absolute truth, yet, you cannot even acknknowledge anything that is being explained to you via countless concepts, ideas, studies and years of research made by great minds. Not those that control your little ass at their will.

Stop being stupid. Slap yourself once or twice and wake the fuck up!

[darkv0rt3x]

There's an entire economy built around this currency, network and technology. You can continue whining about non-existent resources as much as you want, but that won't make it true.

Better just leave this place. Nobody seems to understand you, let alone agree with you.


Back to ignore.

Yeah, of course. There's an entire economy that profits nicely from transfers of numbers in Nakamoto scheme. But still, no resources are transferred in this scheme.

Not to mention the ones that stick their hands in your pockets, steal from you, you valueless shiat coin and you simply enjoy it and stand for it. So let it be. Just don't try to inflict supid ideas, wrong concepts and misleading fake statements into others. They are already brainwashed by your government friends, socialism and democracy!

[Snowshow]

You're just repeating nonsense conspiracy theories about fiat money. Fiat money is simply a record of debt just like an invoice is a record of the products or services provided to a costumer. All records are created out of thin air. But recourses, like debt, products or services are not created out of thin air. Debt for example is created out of loan contracts and collaterals. Bitcoin on the other hand, is not a resource. It's a unit of Nakamoto's imaginary number (21 million) whose record is stored on blockchain. It's a simple online scam falsely presented to the public as a payment system. In a payment system resources are transferred, and the quantity of resources is expressed with numbers written on paper or digitally. In Nakamoto's scam you have numbers but not resources. That's why those who join the scam by investing their resources must wait new suckers to join otherwise they are doomed.

I can see who's repeating non-sense conspiracy. "Oh, fiat money is simply a record of debt, bla bla bla bla". Where the hell debt is a resource? Debt is the most shittiest mechanism to create money out of nothing, because fiat is backed by absolutely nothing other than the electricity spent to print bills. Don't be ridiculous. That debt is what keeps your ass under their control. And apparently you like to have your ass controlled by others! And if you like fiat, and having your ass controlled by a bunch of bastards, you'll even like more those CBDCs.

Bitcoin is not a unit of Nakamoto's bla bla bla you say. Bitcoin is a messaging protocol. Is a network. Don't be ridiculous. The only imaginary numbers I know are the ones to represent the square root of negative numbers! Those are the only imaginary numbers I know. Ahh and I also know about your imaginary/real fetish with fiat!

You're just repeating irrelevant stuff and refuting nothing. Your personal opinion on debt won't change the fact that debt is a resource that provides utility at settlement. Bitcoin is indeed a unit of Nakamoto's imaginary number. Network that transfer the units of that number cannot magically turn these units into resources. So it's completely irrelevant on what protocols it operates.

Likewise your supposedly correct definition/opinion of whatever imaginary number you talk about will not change the fact that that is one of the key properties your shiat coin lacks and therefore makes it (your shiat coin) a deflacionary crap that is filling your pockets of 0 value, backed by 0 resources (which some chose to call trust in government).

You're refutting nothing either. Just because your moaning over and over again that Bitcoin is just transferring bla bla bla bla resources, doesn't makes it true, but for you!

Keep trying!

Debt is not based on trust. But on legally enforceable loan contracts and collaterals.

[darkv0rt3x]

You're just repeating nonsense conspiracy theories about fiat money. Fiat money is simply a record of debt just like an invoice is a record of the products or services provided to a costumer. All records are created out of thin air. But recourses, like debt, products or services are not created out of thin air. Debt for example is created out of loan contracts and collaterals. Bitcoin on the other hand, is not a resource. It's a unit of Nakamoto's imaginary number (21 million) whose record is stored on blockchain. It's a simple online scam falsely presented to the public as a payment system. In a payment system resources are transferred, and the quantity of resources is expressed with numbers written on paper or digitally. In Nakamoto's scam you have numbers but not resources. That's why those who join the scam by investing their resources must wait new suckers to join otherwise they are doomed.

I can see who's repeating non-sense conspiracy. "Oh, fiat money is simply a record of debt, bla bla bla bla". Where the hell debt is a resource? Debt is the most shittiest mechanism to create money out of nothing, because fiat is backed by absolutely nothing other than the electricity spent to print bills. Don't be ridiculous. That debt is what keeps your ass under their control. And apparently you like to have your ass controlled by others! And if you like fiat, and having your ass controlled by a bunch of bastards, you'll even like more those CBDCs.

Bitcoin is not a unit of Nakamoto's bla bla bla you say. Bitcoin is a messaging protocol. Is a network. Don't be ridiculous. The only imaginary numbers I know are the ones to represent the square root of negative numbers! Those are the only imaginary numbers I know. Ahh and I also know about your imaginary/real fetish with fiat!

You're just repeating irrelevant stuff and refuting nothing. Your personal opinion on debt won't change the fact that debt is a resource that provides utility at settlement. Bitcoin is indeed a unit of Nakamoto's imaginary number. Network that transfer the units of that number cannot magically turn these units into resources. So it's completely irrelevant on what protocols it operates.

Likewise your supposedly correct definition/opinion of whatever imaginary number you talk about will not change the fact that that is one of the key properties your shiat coin lacks and therefore makes it (your shiat coin) a deflacionary crap that is filling your pockets of 0 value, backed by 0 resources (which some chose to call trust in government).

You're refutting nothing either. Just because your moaning over and over again that Bitcoin is just transferring bla bla bla bla resources, doesn't makes it true, but for you!

Keep trying!

Debt is not based on trust. But on legally enforceable loan contracts and collaterals.

More clockwork. More irrelevant stuff. More attempt of brainwashing. You just don't get it that you won't make your point. Your shiat coin will never be able to compete with any other form of sound money. Just because it can't, by concept, by definition, etc. It doesn't have the properties to make it thrive nor give people power to build better lives, build low time preference and build wealth. It leads to poverty, to distrust, to conflicts and high time preference. But you won't even understand what I just said!

[Snowshow]

You're just repeating nonsense conspiracy theories about fiat money. Fiat money is simply a record of debt just like an invoice is a record of the products or services provided to a costumer. All records are created out of thin air. But recourses, like debt, products or services are not created out of thin air. Debt for example is created out of loan contracts and collaterals. Bitcoin on the other hand, is not a resource. It's a unit of Nakamoto's imaginary number (21 million) whose record is stored on blockchain. It's a simple online scam falsely presented to the public as a payment system. In a payment system resources are transferred, and the quantity of resources is expressed with numbers written on paper or digitally. In Nakamoto's scam you have numbers but not resources. That's why those who join the scam by investing their resources must wait new suckers to join otherwise they are doomed.

I can see who's repeating non-sense conspiracy. "Oh, fiat money is simply a record of debt, bla bla bla bla". Where the hell debt is a resource? Debt is the most shittiest mechanism to create money out of nothing, because fiat is backed by absolutely nothing other than the electricity spent to print bills. Don't be ridiculous. That debt is what keeps your ass under their control. And apparently you like to have your ass controlled by others! And if you like fiat, and having your ass controlled by a bunch of bastards, you'll even like more those CBDCs.

Bitcoin is not a unit of Nakamoto's bla bla bla you say. Bitcoin is a messaging protocol. Is a network. Don't be ridiculous. The only imaginary numbers I know are the ones to represent the square root of negative numbers! Those are the only imaginary numbers I know. Ahh and I also know about your imaginary/real fetish with fiat!

You're just repeating irrelevant stuff and refuting nothing. Your personal opinion on debt won't change the fact that debt is a resource that provides utility at settlement. Bitcoin is indeed a unit of Nakamoto's imaginary number. Network that transfer the units of that number cannot magically turn these units into resources. So it's completely irrelevant on what protocols it operates.

Likewise your supposedly correct definition/opinion of whatever imaginary number you talk about will not change the fact that that is one of the key properties your shiat coin lacks and therefore makes it (your shiat coin) a deflacionary crap that is filling your pockets of 0 value, backed by 0 resources (which some chose to call trust in government).

You're refutting nothing either. Just because your moaning over and over again that Bitcoin is just transferring bla bla bla bla resources, doesn't makes it true, but for you!

Keep trying!

Debt is not based on trust. But on legally enforceable loan contracts and collaterals.

More clockwork. More irrelevant stuff. More attempt of brainwashing. You just don't get it that you won't make your point. Your shiat coin will never be able to compete with any other form of sound money. Just because it can't, by concept, by definition, etc. It doesn't have the properties to make it thrive nor give people power to build better lives, build low time preference and build wealth. It leads to poverty, to distrust, to conflicts and high time preference. But you won't even understand what I just said!

I know that dollars and all fiat currencies are worthless. Shit. Crap. I mean, they are just numbers written on paper or digitally. That's worthless. Just like invoices. They are also worthless. But the point is that fiat currencies, invoices and other documents just express the quantity of resources. Resources are what has value because they provide utility to people. Resources like products, labor, debt, patents, capital and so on. In Nakamoto scheme no resources exist. The scheme just transfers numbers between people. That's all. And people currently pay $20k to get number "1" transferred to their addresses. Which is a pure nonsense, craziness.

[2stout]

Also, to prove your point in other practical terms, maybe you should tell/present this to some of the taxing agencies and ask why they are taxing 'numbers' made up from software and that you won't be paying any taxes on 'paper numbers' that were gifted to you.

[gunhell16]

I want to ask if you currently have bitcoins, will you throw them out for free? or is today's world so stupid that many people want to invest in bitcoin? I was just wondering how smart do you think this is?

Let me return the question to you, let's assume you have a Bitcoin now, can you throw it away for free even though it has fallen big in the market? Then let me ask you, do you currently hold bitcoin no matter how much in your bitcoin wallet address? and if you have bitcoin right now, do you think it was a fool to buy bitcoin?

Buying bitcoin so far even the price dropped so well in the market I could say it is a wise decision for  me  then hold, because bitcoin is really a good investment up to now.

[Snowshow]

Also, to prove your point in other practical terms, maybe you should tell/present this to some of the taxing agencies and ask why they are taxing 'numbers' made up from software and that you won't be paying any taxes on 'paper numbers' that were gifted to you.

They are taxing gains. You can make gains by joining or leaving Nakamoto scheme. So, what's your point?

I want to ask if you currently have bitcoins, will you throw them out for free? or is today's world so stupid that many people want to invest in bitcoin? I was just wondering how smart do you think this is?

Let me return the question to you, let's assume you have a Bitcoin now, can you throw it away for free even though it has fallen big in the market? Then let me ask you, do you currently hold bitcoin no matter how much in your bitcoin wallet address? and if you have bitcoin right now, do you think it was a fool to buy bitcoin?

Buying bitcoin so far even the price dropped so well in the market I could say it is a wise decision for  me  then hold, because bitcoin is really a good investment up to now.

I don't answer questions irrelevant to the topic at hand.

[PrivacyG]

I don't answer questions irrelevant to the topic at hand.

You are not answering to pertinent questions that were very relevant to the topic at hand either.  You only see questions you feel like you can contradict.  How do you feel seeing absolutely nobody in this thread agrees with you except yourself?  Have you considered something must be wrong?

-
Regards,
PrivacyG

[Snowshow]

I don't answer questions irrelevant to the topic at hand.

You are not answering to pertinent questions that were very relevant to the topic at hand either.  You only see questions you feel like you can contradict.  How do you feel seeing absolutely nobody in this thread agrees with you except yourself?  Have you considered something must be wrong?

-
Regards,
PrivacyG

I decide what is relevant to this topic. You can have opinions but I won't act on them. I accept only arguments. Opinion are worthless.

[darkv0rt3x]

You're just repeating nonsense conspiracy theories about fiat money. Fiat money is simply a record of debt just like an invoice is a record of the products or services provided to a costumer. All records are created out of thin air. But recourses, like debt, products or services are not created out of thin air. Debt for example is created out of loan contracts and collaterals. Bitcoin on the other hand, is not a resource. It's a unit of Nakamoto's imaginary number (21 million) whose record is stored on blockchain. It's a simple online scam falsely presented to the public as a payment system. In a payment system resources are transferred, and the quantity of resources is expressed with numbers written on paper or digitally. In Nakamoto's scam you have numbers but not resources. That's why those who join the scam by investing their resources must wait new suckers to join otherwise they are doomed.

I can see who's repeating non-sense conspiracy. "Oh, fiat money is simply a record of debt, bla bla bla bla". Where the hell debt is a resource? Debt is the most shittiest mechanism to create money out of nothing, because fiat is backed by absolutely nothing other than the electricity spent to print bills. Don't be ridiculous. That debt is what keeps your ass under their control. And apparently you like to have your ass controlled by others! And if you like fiat, and having your ass controlled by a bunch of bastards, you'll even like more those CBDCs.

Bitcoin is not a unit of Nakamoto's bla bla bla you say. Bitcoin is a messaging protocol. Is a network. Don't be ridiculous. The only imaginary numbers I know are the ones to represent the square root of negative numbers! Those are the only imaginary numbers I know. Ahh and I also know about your imaginary/real fetish with fiat!

You're just repeating irrelevant stuff and refuting nothing. Your personal opinion on debt won't change the fact that debt is a resource that provides utility at settlement. Bitcoin is indeed a unit of Nakamoto's imaginary number. Network that transfer the units of that number cannot magically turn these units into resources. So it's completely irrelevant on what protocols it operates.

Likewise your supposedly correct definition/opinion of whatever imaginary number you talk about will not change the fact that that is one of the key properties your shiat coin lacks and therefore makes it (your shiat coin) a deflacionary crap that is filling your pockets of 0 value, backed by 0 resources (which some chose to call trust in government).

You're refutting nothing either. Just because your moaning over and over again that Bitcoin is just transferring bla bla bla bla resources, doesn't makes it true, but for you!

Keep trying!

Debt is not based on trust. But on legally enforceable loan contracts and collaterals.

More clockwork. More irrelevant stuff. More attempt of brainwashing. You just don't get it that you won't make your point. Your shiat coin will never be able to compete with any other form of sound money. Just because it can't, by concept, by definition, etc. It doesn't have the properties to make it thrive nor give people power to build better lives, build low time preference and build wealth. It leads to poverty, to distrust, to conflicts and high time preference. But you won't even understand what I just said!

I know that dollars and all fiat currencies are worthless. Shit. Crap. I mean, they are just numbers written on paper or digitally. That's worthless. Just like invoices. They are also worthless. But the point is that fiat currencies, invoices and other documents just express the quantity of resources. Resources are what has value because they provide utility to people. Resources like products, labor, debt, patents, capital and so on. In Nakamoto scheme no resources exist. The scheme just transfers numbers between people. That's all. And people currently pay $20k to get number "1" transferred to their addresses. Which is a pure nonsense, craziness.

But what you just said about resources and services and etc, can also be expressed (and actually are) in Bitcoin. So the same value you say there is in shiat coins, exist also in Bitcoin. I can't see your point!

[Snowshow]

You're just repeating nonsense conspiracy theories about fiat money. Fiat money is simply a record of debt just like an invoice is a record of the products or services provided to a costumer. All records are created out of thin air. But recourses, like debt, products or services are not created out of thin air. Debt for example is created out of loan contracts and collaterals. Bitcoin on the other hand, is not a resource. It's a unit of Nakamoto's imaginary number (21 million) whose record is stored on blockchain. It's a simple online scam falsely presented to the public as a payment system. In a payment system resources are transferred, and the quantity of resources is expressed with numbers written on paper or digitally. In Nakamoto's scam you have numbers but not resources. That's why those who join the scam by investing their resources must wait new suckers to join otherwise they are doomed.

I can see who's repeating non-sense conspiracy. "Oh, fiat money is simply a record of debt, bla bla bla bla". Where the hell debt is a resource? Debt is the most shittiest mechanism to create money out of nothing, because fiat is backed by absolutely nothing other than the electricity spent to print bills. Don't be ridiculous. That debt is what keeps your ass under their control. And apparently you like to have your ass controlled by others! And if you like fiat, and having your ass controlled by a bunch of bastards, you'll even like more those CBDCs.

Bitcoin is not a unit of Nakamoto's bla bla bla you say. Bitcoin is a messaging protocol. Is a network. Don't be ridiculous. The only imaginary numbers I know are the ones to represent the square root of negative numbers! Those are the only imaginary numbers I know. Ahh and I also know about your imaginary/real fetish with fiat!

You're just repeating irrelevant stuff and refuting nothing. Your personal opinion on debt won't change the fact that debt is a resource that provides utility at settlement. Bitcoin is indeed a unit of Nakamoto's imaginary number. Network that transfer the units of that number cannot magically turn these units into resources. So it's completely irrelevant on what protocols it operates.

Likewise your supposedly correct definition/opinion of whatever imaginary number you talk about will not change the fact that that is one of the key properties your shiat coin lacks and therefore makes it (your shiat coin) a deflacionary crap that is filling your pockets of 0 value, backed by 0 resources (which some chose to call trust in government).

You're refutting nothing either. Just because your moaning over and over again that Bitcoin is just transferring bla bla bla bla resources, doesn't makes it true, but for you!

Keep trying!

Debt is not based on trust. But on legally enforceable loan contracts and collaterals.

More clockwork. More irrelevant stuff. More attempt of brainwashing. You just don't get it that you won't make your point. Your shiat coin will never be able to compete with any other form of sound money. Just because it can't, by concept, by definition, etc. It doesn't have the properties to make it thrive nor give people power to build better lives, build low time preference and build wealth. It leads to poverty, to distrust, to conflicts and high time preference. But you won't even understand what I just said!

I know that dollars and all fiat currencies are worthless. Shit. Crap. I mean, they are just numbers written on paper or digitally. That's worthless. Just like invoices. They are also worthless. But the point is that fiat currencies, invoices and other documents just express the quantity of resources. Resources are what has value because they provide utility to people. Resources like products, labor, debt, patents, capital and so on. In Nakamoto scheme no resources exist. The scheme just transfers numbers between people. That's all. And people currently pay $20k to get number "1" transferred to their addresses. Which is a pure nonsense, craziness.

But what you just said about resources and services and etc, can also be expressed (and actually are) in Bitcoin. So the same value you say there is in shiat coins, exist also in Bitcoin. I can't see your point!

It seems you are unable to read. I said that shiat coins - that is fiat currencies, are worthless given they are just numbers that show the quantity of a resource in the form of debt. Resources have value, not numbers that quantify the resources. In Nakamoto scheme there are no resources. So, an anonymous person or a group of people created a simple online scheme for scamming you out of your resources. And instead of being pissed about that, you praise the scammers as if they are God. And you preach or teach from their Bitcoin Whitepaper as if it is a Bible. It is literally mind boggling how stupidity you behave.

[darkv0rt3x]

You're just repeating nonsense conspiracy theories about fiat money. Fiat money is simply a record of debt just like an invoice is a record of the products or services provided to a costumer. All records are created out of thin air. But recourses, like debt, products or services are not created out of thin air. Debt for example is created out of loan contracts and collaterals. Bitcoin on the other hand, is not a resource. It's a unit of Nakamoto's imaginary number (21 million) whose record is stored on blockchain. It's a simple online scam falsely presented to the public as a payment system. In a payment system resources are transferred, and the quantity of resources is expressed with numbers written on paper or digitally. In Nakamoto's scam you have numbers but not resources. That's why those who join the scam by investing their resources must wait new suckers to join otherwise they are doomed.

I can see who's repeating non-sense conspiracy. "Oh, fiat money is simply a record of debt, bla bla bla bla". Where the hell debt is a resource? Debt is the most shittiest mechanism to create money out of nothing, because fiat is backed by absolutely nothing other than the electricity spent to print bills. Don't be ridiculous. That debt is what keeps your ass under their control. And apparently you like to have your ass controlled by others! And if you like fiat, and having your ass controlled by a bunch of bastards, you'll even like more those CBDCs.

Bitcoin is not a unit of Nakamoto's bla bla bla you say. Bitcoin is a messaging protocol. Is a network. Don't be ridiculous. The only imaginary numbers I know are the ones to represent the square root of negative numbers! Those are the only imaginary numbers I know. Ahh and I also know about your imaginary/real fetish with fiat!

You're just repeating irrelevant stuff and refuting nothing. Your personal opinion on debt won't change the fact that debt is a resource that provides utility at settlement. Bitcoin is indeed a unit of Nakamoto's imaginary number. Network that transfer the units of that number cannot magically turn these units into resources. So it's completely irrelevant on what protocols it operates.

Likewise your supposedly correct definition/opinion of whatever imaginary number you talk about will not change the fact that that is one of the key properties your shiat coin lacks and therefore makes it (your shiat coin) a deflacionary crap that is filling your pockets of 0 value, backed by 0 resources (which some chose to call trust in government).

You're refutting nothing either. Just because your moaning over and over again that Bitcoin is just transferring bla bla bla bla resources, doesn't makes it true, but for you!

Keep trying!

Debt is not based on trust. But on legally enforceable loan contracts and collaterals.

More clockwork. More irrelevant stuff. More attempt of brainwashing. You just don't get it that you won't make your point. Your shiat coin will never be able to compete with any other form of sound money. Just because it can't, by concept, by definition, etc. It doesn't have the properties to make it thrive nor give people power to build better lives, build low time preference and build wealth. It leads to poverty, to distrust, to conflicts and high time preference. But you won't even understand what I just said!

I know that dollars and all fiat currencies are worthless. Shit. Crap. I mean, they are just numbers written on paper or digitally. That's worthless. Just like invoices. They are also worthless. But the point is that fiat currencies, invoices and other documents just express the quantity of resources. Resources are what has value because they provide utility to people. Resources like products, labor, debt, patents, capital and so on. In Nakamoto scheme no resources exist. The scheme just transfers numbers between people. That's all. And people currently pay $20k to get number "1" transferred to their addresses. Which is a pure nonsense, craziness.

But what you just said about resources and services and etc, can also be expressed (and actually are) in Bitcoin. So the same value you say there is in shiat coins, exist also in Bitcoin. I can't see your point!

It seems you are unable to read. I said that shiat coins - that is fiat currencies, are worthless given they are just numbers that show the quantity of a resource in the form of debt. Resources have value, not numbers that quantify the resources. In Nakamoto scheme there are no resources. So, an anonymous person or a group of people created a simple online scheme for scamming you out of your resources. And instead of being pissed about that, you praise the scammers as if they are God. And you preach or teach from their Bitcoin Whitepaper as if it is a Bible. It is literally mind boggling how stupidity you behave.

It seems you are unbale to understand a single word about the crap you keep saying about shiat coin/currency/whatever fancy shit you wanna call it! You seem to have brain limitations in the sense that you simply cannot understand what is underlying the Bitcoin protocol, the network, the economic properties and many other things. The only thing you see is what you keep claimimg as if Bitcoin couldn't do 10x better than your shiat coin.
Whatever you can think a shiat coin can do good, Bitcoin can do it 10x better, safer, faster, etc!

You say that shiat coins are numbers that show the quantity of a resource in the form of debt. Well, Bitcoin can do that 10x better and removing all the negatives of a shiat currency. If you say that shiat coin (which is a number) shows the quantity of a resource, Bitcoin may be the same number and also show the quantity of a resource! You make no sense...

[Snowshow]

It seems you are unbale to understand a single word about the crap you keep saying about shiat coin/currency/whatever fancy shit you wanna call it! You seem to have brain limitations in the sense that you simply cannot understand what is underlying the Bitcoin protocol, the network, the economic properties and many other things. The only thing you see is what you keep claimimg as if Bitcoin couldn't do 10x better than your shiat coin.
Whatever you can think a shiat coin can do good, Bitcoin can do it 10x better, safer, faster, etc!

You say that shiat coins are numbers that show the quantity of a resource in the form of debt. Well, Bitcoin can do that 10x better and removing all the negatives of a shiat currency. If you say that shiat coin (which is a number) shows the quantity of a resource, Bitcoin may be the same number and also show the quantity of a resource! You make no sense...

I must disappoint you. Bitcoin is not God. It's not a person. It's not a living being. It cannot do anything. It's a number. Or more precisely, it's a unit of the number 21 million that an anonymous person created in their imagination and falsely presented as money in order to scam naive and gullible people out of their resources. Protocols and network are just means to transfer units and subunits of Nakamoto's imaginary number between those naive and gullible people.

Dollars, euros, pounds are also just numbers. They cannot do anything as well. Their only purpose is to inform about the size of a resource transferred in the banking system (debt). Debt is a resource because it provides utility to number holders at debt payment as explained in the OP.

So, stop insulting numbers in the banking system by calling them shit. You look ridiculous.

[ObscurePen]

So I think what you are saying is that Bitcoin doesn't have any inherent value in it. This I believe (to the best of my knowledge, someone correct me if I am wrong. I am also still learning) is true. Bitcoin price is simply determined by supply and demand. And like gold or silver or copper, exchanges have put a price to the scarcity of Bitcoin and the demand for it which is what determines price.