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Topic: Bitcoin is the most nonsensical invention in human history - page 3. (Read 20410 times)

member
Activity: 349
Merit: 10
Its very funny for people to think this way. If you don't  understand why bitcoin and blockchain was development, please don't make and share any ridiculous comments about this technology. People need to learn how to appreciate new ideas and technologies  than spreading anything due to their ignorance .
They comment on unknown things. Or have experienced disappointment because of failure and losing a lot when investing in bitcoin. Thinking is more realistic, because bitcoin is digital money that can really be used as a means of payment, investment or trade.
jr. member
Activity: 274
Merit: 2
I won't use the word ridiculous but It is the most revolutionary invention in the world and of course it is a radical invention but no one can say buying bitcoin will end with nothing because even bitcoin's are not tangible unlike fiat currencies still there is a higher value for a bitcoin than a dollar or any other major currency in the world which was created by people due to its high potentiality and rareness so it can be considered as a unique invention in both technological and financial fields 

I already asked this question, but nobody answered. So, I'm gonna ask it again: what is revolutionary and innovative in the process of changing and storing digits? Bitcoin is just a fancy name for changed digits. How is this the most revolutionary invention in the world? What that has to do with finance?
jr. member
Activity: 274
Merit: 2
https://youtu.be/pSbSKGDypPY

The above video shows that by buying Bitcoin one is selling ownership of something and buying ownership of nothing. This is because Bitcoin is just a fancy name for changed digits, and the fact is that something cannot appear or disappear by changing digits. Since Bitcoin is the first time in human history that people voluntarily and massively give up something to become the owners of absolutely and literally nothing, this makes Bitcoin the most ridiculous invention ever made.

Unfortunately, you think very shallowly.Imagine that in your country where you live there was a default and the national currency completely ceased to have any value?If you want to buy a product or service with a resident of another country, offering to pay in your own currency.Do you think such a deal will happen?The obvious answer is no.Bitcoin is a completely different currency that has no inflation and its value grows every day.And a bitcoin transaction will always happen.

Bitcoin is not a currency, but a series of digits or mathematical symbols in a database. Inflation is a sustained increase in the general price level of goods and services in an economy over a period of time. Price is the quantity of payment or compensation given by one party to another in return for one unit of goods or services. A payment is the trade of something from one party to another for goods, or services, or to fulfill a legal obligation. By changing digits you cannot create something. Thus, Bitcoin has nothing to do with payment, price or inflation, and you live in a fantasy world.
jr. member
Activity: 205
Merit: 1
I won't use the word ridiculous but It is the most revolutionary invention in the world and of course it is a radical invention but no one can say buying bitcoin will end with nothing because even bitcoin's are not tangible unlike fiat currencies still there is a higher value for a bitcoin than a dollar or any other major currency in the world which was created by people due to its high potentiality and rareness so it can be considered as a unique invention in both technological and financial fields 
sr. member
Activity: 1193
Merit: 251
https://youtu.be/pSbSKGDypPY

The above video shows that by buying Bitcoin one is selling ownership of something and buying ownership of nothing. This is because Bitcoin is just a fancy name for changed digits, and the fact is that something cannot appear or disappear by changing digits. Since Bitcoin is the first time in human history that people voluntarily and massively give up something to become the owners of absolutely and literally nothing, this makes Bitcoin the most ridiculous invention ever made.

Unfortunately, you think very shallowly.Imagine that in your country where you live there was a default and the national currency completely ceased to have any value?If you want to buy a product or service with a resident of another country, offering to pay in your own currency.Do you think such a deal will happen?The obvious answer is no.Bitcoin is a completely different currency that has no inflation and its value grows every day.And a bitcoin transaction will always happen.
full member
Activity: 476
Merit: 102
Your opinion is highly appreciated and I really doubt your intelligence regarding bitcoin and the blockchain. When email was introduced they never thought that this will revolutionize the way they do business all over the world. The internet is still at a young age compared to the technologies invented in the first centuries. Anyway nice to read your opinion and I think I will do more research on bitcoin and the blockchain as what it will become in the next decade.
hero member
Activity: 1120
Merit: 554
If I am the owner of Western Union or Moneygram I would really say that its ridiculous, its killing the remittance business. Imagine if I am going to send $280 USD worth of BTC, it will cost me less than $0.50 but if I use Western Union, a $280 USD money transfer will cost $11. Imagine $11 versus $0.50. that's a difference of 2,100%

Well it depends when bitcoin was hitting the all time high transaction fees were very high.  People were paying $20 or higher to send a transaction.  I do hate the central banking system but transfers were always very cheap for me or free if I did an ACH transfer.  It is more about decentralization than low transaction fees in my opinion.
jr. member
Activity: 274
Merit: 2
If I am the owner of Western Union or Moneygram I would really say that its ridiculous, its killing the remittance business. Imagine if I am going to send $280 USD worth of BTC, it will cost me less than $0.50 but if I use Western Union, a $280 USD money transfer will cost $11. Imagine $11 versus $0.50. that's a difference of 2,100%

If you send a selfie to your friend, via e-mail system for e.g.  this is also cheap. Point? Sending Bitcoin is cheap because Bitcoin is just a series digits. Digits are mathematical abstraction, i.e. ownership of nothing and why would such transfer be expensive. But when you have to transfer the ownership of something, i.e. dollars - which are certificates of debt that have loans contracts, collaterals and banks behind them, then of course that transferring something like that is costly. It's pretty simple. You cannot compare sending digits and sending money.
member
Activity: 182
Merit: 14
https://bizzilions.com/?ref=sham100899
https://youtu.be/pSbSKGDypPY

The above video shows that by buying Bitcoin one is selling ownership of something and buying ownership of nothing. This is because Bitcoin is just a fancy name for changed digits, and the fact is that something cannot appear or disappear by changing digits. Since Bitcoin is the first time in human history that people voluntarily and massively give up something to become the owners of absolutely and literally nothing, this makes Bitcoin the most ridiculous invention ever made.


or ridiculously amazing because banks right now were threaten by the invention of the bitcoin, with this, transfer of money from any place has become so easy and cheap, unemployed people were getting and earning a right amount of money that involves blockchain technology.
legendary
Activity: 1834
Merit: 1036
If I am the owner of Western Union or Moneygram I would really say that its ridiculous, its killing the remittance business. Imagine if I am going to send $280 USD worth of BTC, it will cost me less than $0.50 but if I use Western Union, a $280 USD money transfer will cost $11. Imagine $11 versus $0.50. that's a difference of 2,100%
jr. member
Activity: 274
Merit: 2
https://youtu.be/pSbSKGDypPY

The above video shows that by buying Bitcoin one is selling ownership of something and buying ownership of nothing. This is because Bitcoin is just a fancy name for changed digits, and the fact is that something cannot appear or disappear by changing digits. Since Bitcoin is the first time in human history that people voluntarily and massively give up something to become the owners of absolutely and literally nothing, this makes Bitcoin the most ridiculous invention ever made.



I completely disagree. It's a digital innovation and people accepted all forms of digital products. Movies and games does not have physical copy anymore. We also accepted commercial payment services. And also gamers even buy items or just to boost their characters. They don't physically own it but it proved that it has value because it is working just like btc.

Digital innovation?  Huh Changing and storing digits into a database is innovation? Distributed storing of digits maybe, but what that has to do with the fact that digits themselves are ownership of nothing and that trading your possessions for nothing is ridiculous?
full member
Activity: 434
Merit: 100
https://youtu.be/pSbSKGDypPY

The above video shows that by buying Bitcoin one is selling ownership of something and buying ownership of nothing. This is because Bitcoin is just a fancy name for changed digits, and the fact is that something cannot appear or disappear by changing digits. Since Bitcoin is the first time in human history that people voluntarily and massively give up something to become the owners of absolutely and literally nothing, this makes Bitcoin the most ridiculous invention ever made.



I completely disagree. It's a digital innovation and people accepted all forms of digital products. Movies and games does not have physical copy anymore. We also accepted commercial payment services. And also gamers even buy items or just to boost their characters. They don't physically own it but it proved that it has value because it is working just like btc.
member
Activity: 255
Merit: 12
Its very funny for people to think this way. If you don't  understand why bitcoin and blockchain was development, please don't make and share any ridiculous comments about this technology. People need to learn how to appreciate new ideas and technologies  than spreading anything due to their ignorance .
hero member
Activity: 3052
Merit: 606
Well that is your opinion and you can keep it to yourself. More to the point if you don't believe in bitcoin I am sure nobody has asked you to invest into it. Don't forget it is out of bitcoin that the blockchain technology has come to solve so many issues in the financial industry. At least you can be greatful for such an invention other than just slamming it down in such a manner. Angry
I think you really don't know what is bitcoin and how it is very beneficial to the people.If bitcoin was just a none value investment,then i think it would not survived all its struggles for 10 long years.It may have died earlier when only few people have known it before.But what you say today is your own point of view and so we don't have the right to change your mindset.Atleast you know that not all of here have the same thoughts like yours.
member
Activity: 454
Merit: 13
https://youtu.be/pSbSKGDypPY

The above video shows that by buying Bitcoin one is selling ownership of something and buying ownership of nothing. This is because Bitcoin is just a fancy name for changed digits, and the fact is that something cannot appear or disappear by changing digits. Since Bitcoin is the first time in human history that people voluntarily and massively give up something to become the owners of absolutely and literally nothing, this makes Bitcoin the most ridiculous invention ever made.

This isn't really the case. The whole point is that you do own something and because people see it as having value that's what gives it its price, in other words people see it as worth x number of dollars. Just because it is in digital form does not mean you don't own it. You don't need to physically have something to own it.
member
Activity: 532
Merit: 15
you call Bitcoin "Ridiculous" and you advertise Bitcoin Mixing Service at your footer! - hypocrite!
jr. member
Activity: 274
Merit: 2
The same goes with fiat currencies bud! You are giving up ownership of some thing to get ownership of bits of paper.
The value of money is the same, the thing is that cash is here replaced by cryptocurrency.
If this makes the invention of bitcoin ridiculous then I wonder how ridiculous would it be to use fiat currency. We can't
I believe I have made the point and comparison clear.

Watch the video. Fiat currencies are ownership of something. They are ownership of debt certificates that grant their holders the right to goods, services or collateral of private individuals and companies that were granted loans. Bitcoin on the other hand is ownership of nothing, since it is just a fancy name for changed digits.
jr. member
Activity: 274
Merit: 2
Your post is "is the most nonsensical invention in human history"... after the finantial crisis of 2008, there is no doubt that social order needed a change urgently. We shouldt depend that much on banks and goverments.. that was pretty clear in the last decade! thanks God we got BTC today!
So, you think that you can change the social order by changing digits in a database and by giving your possessions for free? Interesting.
member
Activity: 350
Merit: 10
A Blockchain Mobile Operator With Token Rewards
Well that is your opinion and you can keep it to yourself. More to the point if you don't believe in bitcoin I am sure nobody has asked you to invest into it. Don't forget it is out of bitcoin that the blockchain technology has come to solve so many issues in the financial industry. At least you can be greatful for such an invention other than just slamming it down in such a manner. Angry
hero member
Activity: 1078
Merit: 514
This video was posted here like a week ago in another post. In the video everything has sense and looks logically ingldeed. But the point is that actually nobody sell their something per bitcoin. The most of people just buy bitcoin per fiat and earn money on trading. Bitcoin's price is so unstable that for the most of users it became a tool of money making. So if everyone will look a wide picture they will see that the video is another haters work.
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