I'm requesting a ban for user
Snowshow due to violation of three forum rules. Specifically, ban evasion, troll posting and pointless talking.
1. Ban evasion.Snowshow is the person behind multiple accounts, one of which is already banned. Specifically:
fxsurfer (banned),
antikvark,
Antithesis. Besides raising the same kind of "issues", such as "Bitcoin has no value", "Satoshi lies", "Bitcoin doesn't exist", "Bitcoin exists to Satoshi's imagination" etc., they also have similar writing style.
Let me find some strong similarities that make a splash:
Numbers in a database:
Bitcoin is a name that creates the illusion of asset. And thus, a scam. Those who are in the system are deceiving people by claiming they own asset or money while only name and numbers attributed to their addresses exist. That's why one can benefit only if new investors enter the system. Hence, classical investment scam.
And now the questions: if I can purchase a picture of a sunset for a couple of bucks on Shutterstock and watch something aesthetically rich, why on Earth would I purchase number "1" for $37,000 and watch something aesthetically poor?
So bitcoin is just a worthless number in a database that was smartly disguised as a real money and market instrument in order to lure the public to purchase it. And this is basically how investment scams operate. Every investment scam uses some worthless item that is disguised as something valuable to attract investors. In our case this item was a number in a database.
Also, bitcoin is not a commodity. That's why bitcoin is NOT money. Bitcoin is just a fancy name for a DB entry.
Satoshi Nakamoto fools the world:
But regardless, Nakamoto’s false claims fooled many people around the world and made them to invest in the system.
Namely, an anonymous author called Satoshi Nakamoto wrote a computer program that sends quantity data to the virtual addresses of people who maintain a database with these quantities and addresses.
What you all have in common is that you were fooled into believing that you participated in an economic transaction. But you didn't. An economic transaction is the exchange of ownerships.
YouTube videos FTW:
Bank notes or numbers on my banking account secure the capital that I invested in them because the borrowers are forced, via collateral, to use these notes or numbers to repay their loans. Here you have video explaining that:
https://youtu.be/p37Wg6h2PJ4Or:
https://youtu.be/aBl-O_3g_58When I presented arguments like the one in the the video below, people just ignored them. Now, they will learn the hard way what it means to be a part of a Ponzi scheme.
Bitcoin And Cryptocurrencies - Ponzi Schemes Dressed Up And Sold As Money
https://youtu.be/gcNngl8fCUYIn the below linked presentation, Bitcoin is exposed as a fake investment product, which as such, is a total waste of energy. This also applies to all cryptocurrencies.
Why is bitcoin a fake investment product? Or, to put it another way, how do we even differentiate between real and fake ones. Well, it's easy. In a real investment product, your investment of property or work is invested into something actual, which in the future, can provide you similar benefit. In a fake investment product, your investment is not actually invested into something, but is rather, just transferred from you as a new investor to old investor. Historically, there is no exception to the rule that all such products end up collapsing.
The rest here:
https://youtu.be/N5RKm7_scL4Casino mania:
First, any price of bitcoin above zero is infinitely expensive (price of bitcoin devided by zero redemption value gives infinity). Second, bitcoin is similar to a losing lottery ticket, to a stock of a bankrupt company, to a currency of a former county or to a casino token of a bankrupt casino.
So, if that guy Satoshi claims that the numbers that his system is writing down are coins than he is actually claiming that someone has the liability to redeem them. Like banks redeem their records via loan repayments, like casinos redeem their records (tokens), like retailers redeem their gift cards, or corporations their bonds. But no entity exists that has the liability to redeem the record next to addresses in Satoshi's system.
Even casino chips are form of money as they grant specific rights, i.e. - casinos are legally obligated to cash chips they issued. On the other hand, when numbers are added next to someone's virtual address in a DB called blockchain, NOBODY is legally obligated to cash these numbers or to exchange them for goods or services, which means that no right is granted by bitcoin.
In fact, he's even reported of evading ban
before.
2. Troll postingThis scumbag appears to annoy the Bitcoin Discussion board by making the same kind of posts wherein he reveals his completely lack of comprehension of the subject. No matter how many times we've debunked all these concerns he
does did have, he'll just continue seeking for attention with the same nonsense; "Bitcoin is a scam", "Bitcoin doesn't exist", "Bitcoin is Nakamoto's ponzi scheme" etc.
3. Pointless discussionAs you might have understood so far, there's no point in having a conversation with him, because what he wants is to just make some noise so a few Internet strangers can take the time to engage with him. His furious behavior to create alts, just to be proved right, no matter the endless list of arguments we've used, proves it.
In 19th this month, he made another thread:
Bitcoins are Not Real — Or how People Blindly Accepted Nakamoto's Nonsense. Can we just give an end to this drama?