Topic: How Satoshi Nakamoto Fooled the World - page 20. (Read 8965 times)

Yes, that's the story you must preach because you're not able to return your investment from the system whose certificates you hold. You need new investors and you must trick them to buy your worthless certificates by talking about decentralization, empowerment, how your certificates will save the humanity, make poor people rich, how they are equivalent to Jesus, and so on.  I understand what you're doing. It's just that people don't buy this nonsense anymore.

You claim I preach Bitcoin here? On a bitcoin-related forum? Is that what you say?
That sounds kind of absurd, don't you think?


Does this apply to me only, or to anyone who disagrees with your position? I thought we had a healthy debate, but you seem to be overly emotional now. I am gonna let you cool off for a while so we can continue the discussion when you are feeling less emotional.

You do preach. And you do have to preach. Simply because you have to return your investment.

When you say anything positive about bitcoin you're preaching.
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You made a bunch of bullshit up. Every part of it is incorrect.

1. Like I said before, I don't have to preach. No one has to. There is no reward system or other form of incentive for those who preach versus those who don't. Every bitcoin holder has the same rights and opportunities as everyone else in the system. Therefore, your claim is totally incorrect.

2. I do not hold any "certificates". I have no idea where you got that definition from, or if it is just a product of your imagination, but that is not what defines bitcoin cryptocurrency.

3. What exactly am I tricked about? Can you be a little more specific? By the way, bitcoin cryptocurrency is not worthless. Whoever told you that is trying to fool you. Do not trust them!

4. No, I am not forced to do anything. That is what makes it so great.

5. The rest of your post is just wrong conclusions you drew based on the wrong assumptions you made.

EDIT: I started this topic by claiming that Bitcoin is a message similar to SMS, email, etc. But, through the discussion here I realized that this is misleading. Because, Bitcoin is actually not real. It doesn't exist. It doesn't exist like Greek gods don't exist. The reason is simple: whoever enters the Satoshi's system recieves no coins, no bit-coins.  No assets, no money. Nothing tangible nor intangible. Nothing physical nor digital. Instead, people are just paying for numbers to be changed next to their addresses. In economics, a transaction is an instance of buying or selling something. A payment is an instance of transferring a thing that was bought or sold. In the Satoshi's system nothing is bought or sold. Nothing is transferred. Only numbers are changed next to the addresses. So, Bitcoin doesn't exist and the Satoshi's system is not actually a payment system, but a system for changing, storing and protecting numbers.

Satoshi Nacamoto, is probably someone who lacks education or knowledge in finance and economics. For that reason, he wrote a paper in which he falsely assumed that changing numbers is equivalent of performing transactions or payments. Then, people took his paper at face value. They took it without actually questioning or doubting what was written. This lead to the creation of a religious like belief that revolutionary coin came to Earth to free us from corporations and governments.  Given that we live in the age of internet,  the believe was quickly spread throughout the world. As a consequence, people across the globe now believe that they are buying something very precious and scarce. And that the blockchain is an important place where that precious and scarce thing is kept.  While in reality, only numbers attached to the addresses exist. There's no scarcity, but arbitrarily predefined maximum sum of numbers next to the addresses. And the blockchain is nothing important but just a giant database where numeric changes are stored. So a revolutionary digital coin called Bitcoin is not something that is real. It's simply, a myth.

Here's a more detailed explanation: https://youtu.be/jcraRM6vblQ

You made a bunch of bullshit up. Every part of it is incorrect.

1. Like I said before, I don't have to preach. No one has to. There is no reward system or other form of incentive for those who preach versus those who don't. Every bitcoin holder has the same rights and opportunities as everyone else in the system. Therefore, your claim is totally incorrect.

2. I do not hold any "certificates". I have no idea where you got that definition from, or if it is just a product of your imagination, but that is not what defines bitcoin cryptocurrency.

3. What exactly am I tricked about? Can you be a little more specific? By the way, bitcoin cryptocurrency is not worthless. Whoever told you that is trying to fool you. Do not trust them!

4. No, I am not forced to do anything. That is what makes it so great.

5. The rest of your post is just wrong conclusions you drew based on the wrong assumptions you made.

Sure you have to preach. You hold certificates of the system that won't return even a dime worth of your investment. Meaning you were tricked into buying the certificates which are completely worthless. And now you are forced to trick others to buy these worthless certificates by speaking and preaching positive about them. I understand. This preaching is what tricked people into buying the certificates in the first place. Now there's a whole army of tricked victims (holders) and they all need new investors to return their investments. So, of course that the only thing this army will do all day long is talking positive about their holdings.

I don't have to "preach" anything or "trick" anyone, I can just take my "numbers" at any moment and buy ANYTHING and ANYWHERE in the world. Now, can you explain how that is not a benefit or how there is no value in that system? Is there another system similar to that or even better?

Also, please let us use valid arguments and do not bring up religion in this discussion. Religion has nothing to do with this and I am sensitive to my religious beliefs. OK?

Yes, that's the story you must preach because you're not able to return your investment from the system whose certificates you hold. You need new investors and you must trick them to buy your worthless certificates by talking about decentralization, empowerment, how your certificates will save the humanity, make poor people rich, how they are equivalent to Jesus, and so on.  I understand what you're doing. It's just that people don't buy this nonsense anymore.

Nah, crypto is about decentralization and individual empowerment. Nothing can be used to mislead people, and none of these fraudulent practices can work here.
In fact, I can only say that crypto is the most promising form of money creation system we have in this era and crypto and blockchain are here to stay.

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Bitcoin is a number. Numbers are infinite in quantity. Just because you made a protocol that limits numbers to 21 million means nothing. One can set such limit to 10. Someone else to 100 billion. That's just protocols.
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Fiat money grants access to the value created (borrower's goods/services/labour) or present (collateral) in the fiat currency system. Bitcoin grants access to nothing given that value is neither created nor present in the bitcoin system.

As a result you can return your investment only via value brought by new investors, just like in all investment scams.

Stock system in general have equity or capital. Capital can either be liquidated or used to produce goods and services and that's how the holders of stock certificates can return the investments in the system without new investors. Crypto is scam in general because it creates a system that issues the certificates to lure people to invest, and then people are able to return the investments only if new investors buy the certificates. Hence, a modern day investment scam.

Crypto is scam in general because it creates a system that issues the certificates to lure people to invest, and then people are able to return the investments only if new investors buy the certificates. Hence, a modern day investment scam.

With this approach to bitcoin, you can generally say the same about the entire cryptocurrency and even stocks in general. It seems to me that this opinion is not entirely correct.

Bitcoin is real and you can invest and earn from it. Try to read in this website and other videos that contains a lot of information about bitcoin. You can also search for some videos about trading in order for you to learn and experience on how to trade and see it Bitcoin doesn't exist at all.

You literally are buying a number

You are not buying equity, real estate, vechicles, software licences, debt... You just receive a number to your electronic address via Satoshi's messaging system.

I really don't get all this your hatred for Bitcoin but what I don't understand is how do you understand Fiat currency and not Bitcoin? So back in the years when there was no paper money and people would do trade by bather and later cowries and eventually paper money, how did all this method got accepted? because the people accepted them. So some ink can be printed on paper and because the government told you that is it's worth you accepted it and if that same value is transmitted digitally for transactions you still accept it even without the physical nature and Bitcoin is difficult for you to understand?