Why is the Dollar good and Bitcoin bad for people

[PrivacyG]

That's called educating people. I am educating people about Bitcoin. Because the internet is full of propaganda and lies about Bitcoin. The purpose of propaganda is to extract as much good money(fiat) from the public as possible and dump them bad money (bitcoins). That's why the public must be educated.

I wonder how you people come out of no where and start pushing this weird narrative.  Do you just happen to wake up randomly one day convinced you must milk Banks and Fiat and tell every body Bitcoin is bad?

When someone says that bitcoins are just numbers on the screen, the automatic response by the Bitcoin proponents is this: "So are the dollars". They are basically saying that if you trade goods and services for the numbers issued by the Bitcoin system this is like trading them for the numbers issued by the US banking systems. But this is of course not true. Unlike the banking systems, the Bitcoin system doesn't protect holders of its numbers.

You are right and just caught us red handed pretty much.  The Dollar protects us so well it lost 95 percent of its value over the past 100 years.  Sounds like a very protective Asset.

The so-called Bitcoin miners who initially receive numbers from the system and then trade them for goods and services are not like loan beneficiaries in a banking system. They are not forced by the system to return numbers to the system. So they are not forced to work for Bitcoin holders or sell them goods and services to get the numbers. Even if they got a house for a number, they have zero obligation to return anything to anyone. The whole Bitcoin system is just a giant database showing the past and current number holders. There is literally no one and nothing in the system to protect people by ensuring they get goods and services back.

Did you have to complicate Mining so much?  Miners help Bitcoin stay up and running and verify Transactions.  They get rewarded for it.  Many of them have to often wait for years before the rewards exceed the costs of Mining.  We are and should not be owed anything for their work.  What do you want?  A 5 Dollar Target coupon every Block?  A free Lottery Ticket every time you spend?  Do you think Miners should be forced to do something?  I never heard of some body calling Bitcoin out for not promoting slave labor, this is a Currency promoting FREEDOM.

If you gave your house for bitcoin, the only thing that can save you is someone's good will to enter the system and give you some good or service. If people get bored of bitcoins and don't want to invest in them anymore, you are left with nothing. You gave up your house, and in return you can't even get a haircut.

I can have 1000 Dollars on me and go to a random country that does not have Dollars as legal tender.  If I try to get a haircut, I will not be able to unless I found some body good willing and exchanged my Dollars for the local Currency so I can use it locally.  Dollars are not magical pieces of paper that are accepted any where.  You may argue Dollars can be put on a Debit Card and spent any where in the World.  Well, so can Bitcoin.  Dollars need to be exchanged to local Currencies, so can Bitcoin.

In fact, you could go to El Salvador and get a haircut for Bitcoin.  You make no sense.

But you know what.  You stick to your Banks and Dollars, I stick to my Bitcoin and Freedom.

[SamReomo]

Another shity thread from a long term spammer and Bitcoin hater.

Yes, the one who posted it is someone who hates Bitcoin and that's why he came with such negative ideas. Everything that's written in this post if just useless and one should avoid wasting his/her time by reading such a baseless and useless post.

I've gone through it and I can surely say that OP has nothing to do but to make such posts and those who know such people should either ignore them or just avoid reading their posts.

[Stalker22]

That's called educating people. I am educating people about Bitcoin. Because the internet is full of propaganda and lies about Bitcoin.
~
That's why the public must be educated.

The internet is full of both sides of the story.  If you truly want to educate, then equip people with the knowledge to make informed decisions.  That means acknowledging the potential downsides of Bitcoin alongside its possible benefits.  If your arguments focus only on one view, then you are also spreading lies and propaganda about Bitcoin. Just the other way around.

[Myleschetty]

Another shity thread from a long term spammer and Bitcoin hater. No need reading this guys, it's just full of shit. Let's leave it for his likes

Thank you for saving our time.
The topic caught my attention and I was curious about why Bitcoin is bad for people when it was created to complement fiat and provide people an alternative to escape the flaws caused by the government through fiat mismanagement.

[Stablexcoin]

Whoever said Bitcoin is bad? Sometimes I don't know if some members of this forum just wake up from their bed and take some alcohol before writing in here. This is shit threadand am disappointed by the OP.

[Maus0728]

Whoever said Bitcoin is bad? Sometimes I don't know if some members of this forum just wake up from their bed and take some alcohol before writing in here. This is shit threadand am disappointed by the OP.

OP is a troll that's trying to get your attention and it just so happens that bitcoin being a bad thing is a really good way to mess with the nerves of many people here in the forum and OP loves the attention he's getting out of this so he continues doing this kind of thing because it's a fun thing to do. I guess there must be some genuine need for OP to debate on this topic but seeing the wall of text and his way of doing things in the past, I don't think it's to generate a discussion but rather to deal just do what he's doing right now.

[Alone055]

But let's now go to Bitcoin. When someone says that bitcoins are just numbers on the screen, the automatic response by the Bitcoin proponents is this: "So are the dollars". They are basically saying that if you trade goods and services for the numbers issued by the Bitcoin system this is like trading them for the numbers issued by the US banking systems. But this is of course not true. Unlike the banking systems, the Bitcoin system doesn't protect holders of its numbers.

The so-called Bitcoin miners who initially receive numbers from the system and then trade them for goods and services are not like loan beneficiaries in a banking system. They are not forced by the system to return numbers to the system. So they are not forced to work for Bitcoin holders or sell them goods and services to get the numbers. Even if they got a house for a number, they have zero obligation to return anything to anyone. The whole Bitcoin system is just a giant database showing the past and current number holders. There is literally no one and nothing in the system to protect people by ensuring they get goods and services back.

You might not realize it or are too stubborn to accept it but you proved to yourself with your words that traditional financial systems are flawed and their only purpose is to earn money from you as a customer which isn't the case with Bitcoin or cryptocurrencies because no central authorities are handling or controlling anything.

Comparing a loan with a mining reward is a flawed theory in itself because a loan is an amount of money borrowed for a fixed interest being paid on top of it when the money is being repaid whereas a mining reward is a reward that is received for doing something, and when you do some work and get rewarded for it, you are not obliged to return that or give anything back to anyone, that's why it's better.

And what's the protection you are talking about? Bitcoin holders or users don't need central protection, and I don't see how banks are protecting their customers. If you take a loan and don't repay it on time, your property is taken back, right? How is that protection? If you say someone can use the money to buy goods and services, I would say the same thing can happen with Bitcoin but with the benefit that no one would be watching your transactions and keeping an eye on how and where you are spending your money.

[buwaytress]

OP, you're right. And I'm on a mission to help people who've come to realise the same thing you have to get rid of their Bitcoin as fast as possible.

Immediate P2P settlement with me. Sell me your Bitcoin and I will give you for every coin... not the zero you think it's worth but USD 100 (yes, the precious commodity you believe in). Pure Benjamins, freshest possible off the press. Good deal? Now go get me those worthless BTC quick!

[larry_vw_1955]

where as bitcoin has a system that people can use devices and electric to create the units (which dont need to then return the units to the creation device) but instead able to then offer them units to others in exchange for other items of value at or above the cost of creation to recoup their costs
(invest in materials and energy to create units to then sell for goods and services)

if fiat is so worthless then why does everyone want to compare how much fiat 1BTC is worth? and why do they have to "cash out" their bitcoin into fiat? if bitcoin was really valuable, you wouldn't need to cash it out into something worthless so it could be used to pay bills, buy food, etc.

converting electricity into btc is a one-way operation. you can't go back in reverse. that's why bitcoin has environmental impacts/issues which need to be scrutinized in an ongoing manner. to make sure that it is not destroying the environment.

[Darker45]

The only thing that holds fiat together is fiat, that strict order by the government for everybody's compliance. That's the main thing that prevents fiat from crumbling down despite its abuses and absurdities. So, yeah, despite fiat's rotten system, people are forced to accept and pay it.

You want to have a haircut, you can bring a piece of paper to a barber assured that he will take it as payment. That's despite the fact that you and the barber are abused in more ways than one by using it. For one, the barber spends long tiring minutes to earn that piece of paper while those powerful people giving the orders forcibly demanding everybody to use it are earning so much of it by merely printing it themselves.

Now, take time absorbing why the dollar is bad and Bitcoin is good for everybody.

[Smack That Ace]

where as bitcoin has a system that people can use devices and electric to create the units (which dont need to then return the units to the creation device) but instead able to then offer them units to others in exchange for other items of value at or above the cost of creation to recoup their costs
(invest in materials and energy to create units to then sell for goods and services)

if fiat is so worthless then why does everyone want to compare how much fiat 1BTC is worth? and why do they have to "cash out" their bitcoin into fiat? if bitcoin was really valuable, you wouldn't need to cash it out into something worthless so it could be used to pay bills, buy food, etc.

converting electricity into btc is a one-way operation. you can't go back in reverse. that's why bitcoin has environmental impacts/issues which need to be scrutinized in an ongoing manner. to make sure that it is not destroying the environment.

To be fair, fiat isn't useless and you're right, if it were useless people wouldn't have converted BTC to fiat or it would still be in use today, which shows it's very useful. But BTC is not as bad as what the OP said, BTC and fiat both have different use cases and both bring us value in use. Both still exist and grow together, governments are gradually legalizing bitcoin and we can take advantage of both without having to compare or badmouth each other.

Anything that consumes electricity emits emissions and harms the environment, not just bitcoin. Even operating the current monetary system creates emissions many times larger than mining bitcoin. The important thing is that they consume energy but create value, benefiting us and that is the price we pay for modernity.

[pooya87]

where as bitcoin has a system that people can use devices and electric to create the units (which dont need to then return the units to the creation device) but instead able to then offer them units to others in exchange for other items of value at or above the cost of creation to recoup their costs
(invest in materials and energy to create units to then sell for goods and services)

if fiat is so worthless then why does everyone want to compare how much fiat 1BTC is worth? and why do they have to "cash out" their bitcoin into fiat? if bitcoin was really valuable, you wouldn't need to cash it out into something worthless so it could be used to pay bills, buy food, etc.

Worthless? Every tool has some worth and fiat as a tool has worth as well!
Why do people measure price in fiat? Simple, fiat is a currency and value of everything can be measured in currency terms including value of money (aka bitcoin).
Why do they "cash out"? Simple, bitcoin's is still in its infancy so its adoption is still low so they have to convert their bitcoin into a currency that is already mass adopted until the day bitcoin reaches mass adoption.

[larry_vw_1955]

Worthless? Every tool has some worth and fiat as a tool has worth as well!

well yeah i mean anywhere i want to buy something i need fiat, not bitcoin! so yeah i mean obviously fiat has value as a tool. you're not convincing me otherwise.

Why do people measure price in fiat? Simple, fiat is a currency and value of everything can be measured in currency terms including value of money (aka bitcoin).
Why do they "cash out"? Simple, bitcoin's is still in its infancy so its adoption is still low so they have to convert their bitcoin into a currency that is already mass adopted until the day bitcoin reaches mass adoption.

i disagree. bitcoin is over 14 years old now. i think that's long enough to get an idea of where it is going to fit in. it's not taking over and it's not displacing fiat. it's going to be more like a niche investment thing like gold and that's about it, that's what i think anyway.

governments are gradually legalizing bitcoin...

yeah i don't really know what that means "legalizing bitcoin". there's no way the united states is ever going to move from fiat to bitcoin because then they would lose the power to print money out of thin air! and lose control over the people. and lose everything.

[JamesNZ]

Another shity thread from a long term spammer and Bitcoin hater. No need reading this guys, it's just full of shit. Let's leave it for his likes

Why would I hate numbers on the screen? I hate people like you that spread lies and propaganda with the purpose to extract good numbers(fiat) from the public and dump them bad numbers(crypto). People like you were either stupid, greedy or naive to join these idiotic crypto schemes, others dumped bad numbers on you and now you're forced to spread lies and propaganda to dump them on someone else. So it is people like you what I hate. Not numbers.

[FatFork]

Another shity thread from a long term spammer and Bitcoin hater. No need reading this guys, it's just full of shit. Let's leave it for his likes

Why would I hate numbers on the screen? I hate people like you that spread lies and propaganda with the purpose to extract good numbers(fiat) from the public and dump them bad numbers(crypto). People like you were either stupid, greedy or naive to join these idiotic crypto schemes, others dumped bad numbers on you and now you're forced to spread lies and propaganda to dump them on someone else. So it is people like you what I hate. Not numbers.

Why would you hate anyone? Your anger is misplaced. Not everyone involved in crypto is out to scam people. You can't educate people about something you know absolutely nothing about yourself. You are a proven ignoramus and use lies and distortions to cover up your ignorance. If you're frustrated, focus that energy on understanding the technology instead of throwing out baseless accusations.

[JamesNZ]

Another shity thread from a long term spammer and Bitcoin hater. No need reading this guys, it's just full of shit. Let's leave it for his likes

Why would I hate numbers on the screen? I hate people like you that spread lies and propaganda with the purpose to extract good numbers(fiat) from the public and dump them bad numbers(crypto). People like you were either stupid, greedy or naive to join these idiotic crypto schemes, others dumped bad numbers on you and now you're forced to spread lies and propaganda to dump them on someone else. So it is people like you what I hate. Not numbers.

Why would you hate anyone? Your anger is misplaced. Not everyone involved in crypto is out to scam people. You can't educate people about something you know absolutely nothing about yourself. You are a proven ignoramus and use lies and distortions to cover up your ignorance. If you're frustrated, focus that energy on understanding the technology instead of throwing out baseless accusations.

Why is it that whenever you Bitcoin evangelists see some argument against Bitcoin you always repeat literally the same childish accusations: "you don't understand Bitcoin", "you hate Bitcoin", you're mad because you didn't buy cheap", "you're a boomer", etc. Wherever there's a post or an article against Bitcoin, you evangelists come along and troll the comment section with that stuff. It's like you all read from the same manual. If we add to that your practice of excessive devotion to numbers on the screen it is no wonder more and more people view you as crazy cult members.

Btw, being mad at scammers and fraudsters that spread lies and propaganda to extract money from the public is a reaction of every normal person.

[josgandosbro]

Most of the persons thinking about bitcoin scam. But most of the persons Don't knowlages about Bitcoin. So before use the Bitcoin. We need to improve the knowledge. Knowledge is help to avoid thr scam. Dollar is easy use and reach the every where. Dollar is good one. But bitcoin is best investment.

[FatFork]

Btw, being mad at scammers and fraudsters that spread lies and propaganda to extract money from the public is a reaction of every normal person.

You lie and twist my words again. It seems to be a habit of yours.

I never asked why you're "mad at scammers." My question was why would you hate someone who has done nothing wrong to you?

You specifically said, "So it is people like you what I hate. Not numbers."  Are you saying you hate people you've never even met? That's not normal behavior, and if I'm not mistaken, it could be a sign of a deeper issue.

[JamesNZ]

Btw, being mad at scammers and fraudsters that spread lies and propaganda to extract money from the public is a reaction of every normal person.

You lie and twist my words again. It seems to be a habit of yours.

I never asked why you're "mad at scammers." My question was why would you hate someone who has done nothing wrong to you?

You specifically said, "So it is people like you what I hate. Not numbers."  Are you saying you hate people you've never even met? That's not normal behavior, and if I'm not mistaken, it could be a sign of a deeper issue.

I said that I hate people that spread lies and propaganda. This is the main tool of scammers and fraudsters. That of course can be someone I never met. It's enough to hear what they are saying. You're the one of such people. You spread lies and propaganda. And of course that I hate you. You're the scammer that wants to extract as much fiat(good numbers) as possible from the public in exchange for bad numbers that you have. It would be a sign of a moral decline not to hate people like you.

[FatFork]

I said that I hate people that spread lies and propaganda. This is the main tool of scammers and fraudsters. That of course can be someone I never met. It's enough to hear what they are saying.

Then by your own logic, you should hate yourself too. You also spread lies and propaganda just like the scammers and fraudsters. What your goal is, I have no clue. But educating people? Absolutely not. Lies and propaganda aren't tools for education.

You're the one of such people. You spread lies and propaganda. And of course that I hate you.

In your last thread, I challenged your statements because you made at least three demonstrably false claims in a single post. Here's the reference. Now, can you point to any specific instances where I lied? Do you have evidence to support such claims?

But I don't hate you for that.  Disagreement doesn't have to lead to hatred.

You're the scammer that wants to extract as much fiat(good numbers) as possible from the public in exchange for bad numbers that you have. It would be a sign of a moral decline not to hate people like you.

Scammer? Really? Spit it out then. What's your specific accusation? Got any evidence to back it up, or is this just another one of your pathetic lies?