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Topic: How Satoshi Nakamoto Fooled the World - page 24. (Read 8983 times)

jr. member
Activity: 252
Merit: 1
Thank you very much that you explained that there is a difference between Bitcoin a Fiat money. I think nobody here knew that  Shocked
Hahaha. That's literally crazy. You just said, and I quote: "That is the same for every currency on the planet"., when I said this:

"... all those people that are holding those assets, are unable to even eat an apple or put a single dollar into a pocket if someone doesn't voluntarily enter the system and give them that apple or a dollar."

Then I explained that you are wrong because the borrowers are not entering the system, but they are the part of the banking system, they are the ones that need to pay the debt evidenced with deposits and banknotes.

And now, you're saying that you knew that. Even though you demonstrated clearly in your previous answer that you didn't. So, what's wrong with you?
legendary
Activity: 2422
Merit: 1083
Leading Crypto Sports Betting & Casino Platform
~snip~
How all these questions change the fact that I am talking about? Why are you asking irrelevant questions?
Those questions are genuine questions mate, they are not irrelevant, and I was really hoping you did be a man enough to answer them, but No, I know you won't, because the shell of ignorance that you have allowed to wrap itself around you like one who is in a dark room won't allow you see the light around you and come to terms with reality, you probably would continue to wallow in your own ignorance and self deception thinking you are doing yourself and your generation good, not knowing this is your biggest mistake... Though this is not my prayer for you, my prayer for you is that the shells that have blocked covered your sense of what's happening around you should fall off, so that you will come to the realization that the world's monetary system is fast changing and bitcoin is leading that change, and the sooner you realize this, the better for you and those around you.
full member
Activity: 1512
Merit: 115
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
So who told you or how did you know that putting all the letters together will sort of pass your message or communicate with the people in this forum? you were thought that when you were little and you believed it even if there were just letters and putting them together in some certain way will pass your message. Of cause, there will always be people like you that believe they have missed out on Bitcoin and will say everything negative about it and there are those like us that believe and will continue to HODL on to it regardless of what people like you say, simple.



hero member
Activity: 1050
Merit: 642
Magic
Thank you very much that you explained that there is a difference between Bitcoin a Fiat money. I think nobody here knew that  Shocked
jr. member
Activity: 252
Merit: 1
So, there are supposedly more than 18,000,000 of these valuable coins or tokens in the bitcoin system. A half a trillion dollars worth of assets. And yet, all those people that are holding those assets, are unable to even eat an apple or put a single dollar into a pocket if someone doesn't voluntarily enter the system and give them that apple or a dollar.

That is the same for every currency on the planet. You always have to exchange the currency for something else, that is the whole point of it.
Are you inept or what? I explained to you a dozen times yesterday how the borrowers, who are part of the banking or fiat currency system, provide goods, services and labour to the holders of fiat currencies. And that's how these holders benefit from within the system, that is, without someone entering into the banking system. Fiat currency is debt, and people simply benefit within the system when debt is paid.
hero member
Activity: 1050
Merit: 642
Magic
So, there are supposedly more than 18,000,000 of these valuable coins or tokens in the bitcoin system. A half a trillion dollars worth of assets. And yet, all those people that are holding those assets, are unable to even eat an apple or put a single dollar into a pocket if someone doesn't voluntarily enter the system and give them that apple or a dollar.

That is the same for every currency on the planet. You always have to exchange the currency for something else, that is the whole point of it.
jr. member
Activity: 252
Merit: 1
Hi op, am changing your username from "Snowshow" to "Shitshow", this is because, a Snowshow sounds like a serious show but a Shitshow is a funny show that people only watch because they want to have a good laugh.
The subject of your post is enough to make me look away from this post, but because I needed to have a good laugh this morning, I decided to open the thread and read your entire post, and sincerely, am laughing at your level of understanding and ignorance of what bitcoin truly is and represents.
They say what one does not understand is bigger than the person, I can see this in full manifestation on your post.

My simple question to you is?
-Are you smarter than Elon musk of tesla?
-Are you smarter than CZ of binance?
-Are you smarter than Jack of Twitter (previous ceo)?
-Are you smarter than Peter Thiel of PayPal? Who said, and I quote
Quote
"The biggest mistake I made in the last decade was getting too late and too little into bitcoin"
-Are you smarter than Robert kiyosaki of rich dad, poor dad?
-Are you smarter than Nayib Bukele, president of El Salvador?
-Are you smarter than the government of America?
-Are you smarter than Vladimir Putin, president of Russia?
-Are you smarter than Volodymyr Zelenskyy, president of Ukraine?
-Are you smarter than the government of the entire world?

The list goes on and on, All this people and government believe in bitcoin's reality, they believe bitcoin is real, and some in the list have heavily invested in bitcoin while others are working hard to regulate its use in their country and around the world.
If all this people believe in bitcoin, who are you to say otherwise and to even try to convince me that bitcoin is not real?

Huh?


How all these questions change the fact that I am talking about? Why are you asking irrelevant questions?
jr. member
Activity: 252
Merit: 1
[edited out]
WOW, just... WOW. You're capable of writing all that text and actually say nothing. Unbelievable.

It remains your choice to continue to poo-poo matters and act as if nothing has been said.

So, there are supposedly more than 18,000,000 of these valuable coins or tokens in the bitcoin system.

Don't get too caught up on the number of units.. because they can be divided further.. so sure in the end there will be 21 million of those units or 2.1 Quadrillion satoshis.. and even satoshis can be further divided to account for likely increasing value/prices in the future.

A half a trillion dollars worth of assets.

Sure.. current market capitalization is a bit more than half a trillion dollars.. so sure.

And yet, all those people that are holding those assets, are unable to even eat an apple or put a single dollar into a pocket if someone doesn't voluntarily enter the system and give them that apple or a dollar.

I already addressed this point.

And all you do in response to this interesting and important fact is writing a wall of text that completely ignores everything. Crazy.

Yes.. your supposed ongoing genius insight seems to continue to fall on deaf ears, and perhaps we are talking passed one another.. I made my points, you made your points, and we did not resolve anything so it seems... but I could give less than two shits about you in particular because you seem to be too stubborn to acknowledge the value and/or importance of BTC - yet since this is a public thread, it may well be a good idea to have responses that other members of the forum and members of the public are going to be able to read.. and maybe even to provide their own response.. besides considering you as a blind and out of touch loon...

And you do all that just because you are not willing to admit that some anonymous guy, or group of people, scammed you.

That is a pretty crazy talking point that you got there Snowshow.

It's like you don't have any ability to distinguish bitcoin from various shitcoins.

Have you ever considered bitcoin as a ledger that also transmits value? .... we had never previously been able to transmit value over the internet without having to trust third parties prior to bitcoin.  Even the imitation shitcoins and various other projects have not achieved what bitcoin has achieved.. and part of the whole thing keeping bitcoin together is a system of computers in which they are not coordinated and they are built upon incentives that cause them to continue to protect the transactions that are made while also protecting the value that is on the network that could be transacted but is just sitting their in HODL status.

It's a fucking amazing system that has been invented (or discovered) and it has gotten to a state of existence in which no one can stop it without expending a shit tonn of resources, and even if someone tries to stop it, at this point it is questionable whether anyone can stop it or have sufficient incentives to stop such an amazing phenomenon that has come to us in the past 13-14 years and has been increasing and increasing in value through ongoing existence (also known as a Lindy effect).

You rather deny a pure and a simple fact that no value exist in the system, instead of just admitting that these anonymous people invented a perfect system for scamming people out of their economic values.

Yes.. your myth about some secret people stealing value, and accordingly, you are either incapable of recognizing the value of a decentralized system in front of your eyes (at least the most decentralized and powerful system that has existed to date) or alternatively you recognize the actual value of such system, and you are merely continuing to spout out misleading and perhaps disinformation talking points on purpose because you and your handlers happen to be scaredy cats.. but instead of being scaredy cats, jump on board.. better late then never in terms of the various status quo institutions that are going to have to transition into the bitcoin ecosystem sooner or later just like most of the worlds monetary value will be gravitating into bitcoin in one way or another.. just might take a few hundred years.... and there are no real needs for us regular folks to plan that far in advance, even if we can see the direction where bitcoin is going.


What is mind boggling in this whole situation is how fanatically you holders defend those that scammed you.

What's mind boggling is that you want to just keep making shit up.  If a better system comes along, then I am sure many of us would be more than willing to abandon bitcoin and move over to such better system, but it so happens to be that bitcoin remains a god damned amazing invention and it is playing out in ways that are likely way better than so many of us could have even imagined.. amazing to see how powerful bitcoin is and even if there are short-term battles with the price (including downward movements), the whole system of bitcoin continues to plug along.. tick tock the next block every 10 minutes.. even if there are quite a few powerful folks who likely wished bitcoin would stop, including you Snowshow and your handlers, but you have no choice and your disinformation and misinformation attempts are likely not to really help, even if you might experience some short-term feelings of success.

Not only that, but you praise them as if they were heroes, or even deity. I guess it's a some kind of Stockholm syndrome.

Who am I praising exactly?  bitcoin is decentralized. there is no one to praise.. Satoshi is gone.. and if he came back to try to direct bitcoin, no one would listen to him because not even Satoshi is able to change bitcoin... not that he is coming back..   It is quite likely that Satoshi is dead.  therefore, no one is in charge of bitcoin..   bitcoin continues to survive and push on, even though no one is in charge..

go figure.
So, an anonymous guy imagined a number - 21 million, and then he wrote a protocol and set up a system to attribute the units of that number to online addresses. Then people invested an enormous amount of electricity and other economic resources in that system. Then I said: "this is a scam". Because there's nothing in the system from which these people could benefit. And I even gave you a simple empirical test to prove that: show me how can the holders of Bitcoin benefit without someone entering the system? If there's something in the system and this is valuable, then obviously people are able to benefit from that. They are able to benefit from within the system. It's pretty simple. And you know what results this test produces. You know that without someone entering the system, the holders are left with nothing. Which is an indispensable proof that I am right. There's nothing in the system. No value, no resources, nothing. The system is just a means for tricking people out of their value. But you still think I am wrong. You still think there's value in the system. A half a trillion dollars worth of value. Even if you see, with your own eyes, that not a single human being who enters the system cannot benefit from within the system. That they can't even eat an apple if someone from the outside doesn't bring it into the system. How crazy is that?
legendary
Activity: 2422
Merit: 1083
Leading Crypto Sports Betting & Casino Platform
Hi op, am changing your username from "Snowshow" to "Shitshow", this is because, a Snowshow sounds like a serious show but a Shitshow is a funny show that people only watch because they want to have a good laugh.
The subject of your post is enough to make me look away from this post, but because I needed to have a good laugh this morning, I decided to open the thread and read your entire post, and sincerely, am laughing at your level of understanding and ignorance of what bitcoin truly is and represents.
They say what one does not understand is bigger than the person, I can see this in full manifestation on your post.

My simple question to you is?
-Are you smarter than Elon musk of tesla?
-Are you smarter than CZ of binance?
-Are you smarter than Jack of Twitter (previous ceo)?
-Are you smarter than Peter Thiel of PayPal? Who said, and I quote
Quote
"The biggest mistake I made in the last decade was getting too late and too little into bitcoin"
-Are you smarter than Robert kiyosaki of rich dad, poor dad?
-Are you smarter than Nayib Bukele, president of El Salvador?
-Are you smarter than the government of America?
-Are you smarter than Vladimir Putin, president of Russia?
-Are you smarter than Volodymyr Zelenskyy, president of Ukraine?
-Are you smarter than the government of the entire world?

The list goes on and on, All this people and government believe in bitcoin's reality, they believe bitcoin is real, and some in the list have heavily invested in bitcoin while others are working hard to regulate its use in their country and around the world.
If all this people believe in bitcoin, who are you to say otherwise and to even try to convince me that bitcoin is not real?

Huh?

legendary
Activity: 3920
Merit: 11299
Self-Custody is a right. Say no to"Non-custodial"
[edited out]
WOW, just... WOW. You're capable of writing all that text and actually say nothing. Unbelievable.

It remains your choice to continue to poo-poo matters and act as if nothing has been said.

So, there are supposedly more than 18,000,000 of these valuable coins or tokens in the bitcoin system.

Don't get too caught up on the number of units.. because they can be divided further.. so sure in the end there will be 21 million of those units or 2.1 Quadrillion satoshis.. and even satoshis can be further divided to account for likely increasing value/prices in the future.

A half a trillion dollars worth of assets.

Sure.. current market capitalization is a bit more than half a trillion dollars.. so sure.

And yet, all those people that are holding those assets, are unable to even eat an apple or put a single dollar into a pocket if someone doesn't voluntarily enter the system and give them that apple or a dollar.

I already addressed this point.

And all you do in response to this interesting and important fact is writing a wall of text that completely ignores everything. Crazy.

Yes.. your supposed ongoing genius insight seems to continue to fall on deaf ears, and perhaps we are talking passed one another.. I made my points, you made your points, and we did not resolve anything so it seems... but I could give less than two shits about you in particular because you seem to be too stubborn to acknowledge the value and/or importance of BTC - yet since this is a public thread, it may well be a good idea to have responses that other members of the forum and members of the public are going to be able to read.. and maybe even to provide their own response.. besides considering you as a blind and out of touch loon...

And you do all that just because you are not willing to admit that some anonymous guy, or group of people, scammed you.

That is a pretty crazy talking point that you got there Snowshow.

It's like you don't have any ability to distinguish bitcoin from various shitcoins.

Have you ever considered bitcoin as a ledger that also transmits value? .... we had never previously been able to transmit value over the internet without having to trust third parties prior to bitcoin.  Even the imitation shitcoins and various other projects have not achieved what bitcoin has achieved.. and part of the whole thing keeping bitcoin together is a system of computers in which they are not coordinated and they are built upon incentives that cause them to continue to protect the transactions that are made while also protecting the value that is on the network that could be transacted but is just sitting their in HODL status.

It's a fucking amazing system that has been invented (or discovered) and it has gotten to a state of existence in which no one can stop it without expending a shit tonn of resources, and even if someone tries to stop it, at this point it is questionable whether anyone can stop it or have sufficient incentives to stop such an amazing phenomenon that has come to us in the past 13-14 years and has been increasing and increasing in value through ongoing existence (also known as a Lindy effect).

You rather deny a pure and a simple fact that no value exist in the system, instead of just admitting that these anonymous people invented a perfect system for scamming people out of their economic values.

Yes.. your myth about some secret people stealing value, and accordingly, you are either incapable of recognizing the value of a decentralized system in front of your eyes (at least the most decentralized and powerful system that has existed to date) or alternatively you recognize the actual value of such system, and you are merely continuing to spout out misleading and perhaps disinformation talking points on purpose because you and your handlers happen to be scaredy cats.. but instead of being scaredy cats, jump on board.. better late then never in terms of the various status quo institutions that are going to have to transition into the bitcoin ecosystem sooner or later just like most of the worlds monetary value will be gravitating into bitcoin in one way or another.. just might take a few hundred years.... and there are no real needs for us regular folks to plan that far in advance, even if we can see the direction where bitcoin is going.


What is mind boggling in this whole situation is how fanatically you holders defend those that scammed you.

What's mind boggling is that you want to just keep making shit up.  If a better system comes along, then I am sure many of us would be more than willing to abandon bitcoin and move over to such better system, but it so happens to be that bitcoin remains a god damned amazing invention and it is playing out in ways that are likely way better than so many of us could have even imagined.. amazing to see how powerful bitcoin is and even if there are short-term battles with the price (including downward movements), the whole system of bitcoin continues to plug along.. tick tock the next block every 10 minutes.. even if there are quite a few powerful folks who likely wished bitcoin would stop, including you Snowshow and your handlers, but you have no choice and your disinformation and misinformation attempts are likely not to really help, even if you might experience some short-term feelings of success.

Not only that, but you praise them as if they were heroes, or even deity. I guess it's a some kind of Stockholm syndrome.

Who am I praising exactly?  bitcoin is decentralized. there is no one to praise.. Satoshi is gone.. and if he came back to try to direct bitcoin, no one would listen to him because not even Satoshi is able to change bitcoin... not that he is coming back..   It is quite likely that Satoshi is dead.  therefore, no one is in charge of bitcoin..   bitcoin continues to survive and push on, even though no one is in charge..

go figure.
jr. member
Activity: 252
Merit: 1
[edited out]

You're trying to deny facts with words.


Mostly, I have been trying to be descriptive rather than prescriptive, so you can call it whatever you like.. You seem to be the one who is failing/refusing to deal with actual facts... which also likely leads you into bad logic too.. but maybe it does not matter so much if your logic is good or bad if you yourself continue to consider that something is not real merely because it includes seemingly intangible characteristics... there are a lot of things that are real in the world that partially or wholly include or involve intangibles.

Maybe only a toddler has NOT developed a brain that is able to utilize various aspects of abstract thinking and to appreciate that a variety of real things exist in the world even when they are not in a physically tangible form in front of their ability to sense them with one of the 5 senses or even if you are so sensorially alert as to consider that there are more than 5 senses.. some theories of 21 senses.. .. .

It's is not important what you or other people see in the bitcoin system or say about it.


Well it is important if various ideas are communicated between people, and sometimes certain kinds of phenomena, practices, procedures become accepted or commonly known.

So surely there will be differing levels of understanding that people have in terms of how they might put something to use or feel that they are affected by it, and yes there are likely  going to be some people who either do not understand various aspects or they just remain outsiders because they refuse to accept or understand some real phenomena that exists in the world and is shared amongst other people.

That's just perception and conepts - products of imagination. What is important is the fact that once people invested into this system, they can't get anything out of the system, except if someone enters into it.


It's possible that you could be correct in some ways that parties need to understand the medium of exchange, but you are tending towards discussion this matter in so many absolutes that even I can think of examples in which you are wrong too...

So for example, people can benefit from some systems without realizing that they are benefiting from it.
 Sometimes infrastructure can be built and people can benefit from those systems.  Sometimes ways of interacting can be established in which every time you see a person on the street you do not try to kill them, and you do not realize that you are benefiting from that.

Let's say for example, you live in an area that does not naturally have potable water, yet either you receive deliveries of potable water on a regular basis and you do not even know that the water is being delivered to your location.. In your mind, you believe that the potable water naturally exists in the location that you tap into it, and you had not known anything else in your existence and you did not involve yourself in consenting to such delivery system, but you live your whole life receiving the delivered water.

I could provide other examples to show that you are describing such need to consent or know about your benefits or interactions with a positive system with too much absolutism.


Now, thell me, how's that possible if there's value in the system?


I already gave examples.  You seem to be the one who both lacks imagination and also has the burden to prove that what you say is true.., because as far as I can see, you seem to have gone too far down the imagination road.

Just try to think about it for a moment.


Already thought about it.  It is not as difficult or dramatic as you are making it out to be in your level of seeming ongoing wrongness.

All that electricity invested into the system, all the goods, services,  dollars... but literally nothing can be taken out without someone voluntarily entering into the system. So, how that possible if there's value in the system? Or to put it another way: where's the value that you see or preach about, except in your imagination?

Well, it seems to me that any new invention both has the potential to enhance existing systems and to move value around within existing systems, but it also has potentials to increase new value in ways that might not have had been previously imaginable under the old system.  Sure, the value might not be unilateral and without trade offs, but we can study the existence of a lot of systems that both brought value but also increased the total size of the value pie - whether we are referring to inventions like the wheel, the automobile, electricity, the internet, the refrigerator, and bitcoin ends up having several of its own ways of both creating efficiencies but also increasing possible values or ways of interacting that increases value.

Just take the car, for example, yeah more bugs were killed and roads were built that changed aspects of the environment, but it also allowed for movement of people and goods that allowed for improvements in society.. or maybe split the family apart because people were no longer stuck living in smaller geographical area.. You can spin the positives and negatives and maybe even proclaim that the car caused net negatives, just like you could do the same with bitcoin, yet you still seem to be in denial if you just conclusorily proclaim that bitcoin has no value... which surely seems to be your lame-ass perspective and position.
WOW, just... WOW. You're capable of writing all that text and actually say nothing. Unbelievable. So, there are supposedly more than 18,000,000 of these valuable coins or tokens in the bitcoin system. A half a trillion dollars worth of assets. And yet, all those people that are holding those assets, are unable to even eat an apple or put a single dollar into a pocket if someone doesn't voluntarily enter the system and give them that apple or a dollar. And all you do in response to this interesting and important fact is writing a wall of text that completely ignores everything. Crazy. And you do all that just because you are not willing to admit that some anonymous guy, or group of people, scammed you. You rather deny a pure and a simple fact that no value exist in the system, instead of just admitting that these anonymous people invented a perfect system for scamming people out of their economic values. What is mind boggling in this whole situation is how fanatically you holders defend those that scammed you. Not only that, but you praise them as if they were heroes, or even deity. I guess it's a some kind of Stockholm syndrome.
legendary
Activity: 3920
Merit: 11299
Self-Custody is a right. Say no to"Non-custodial"
[edited out]

You're trying to deny facts with words.


Mostly, I have been trying to be descriptive rather than prescriptive, so you can call it whatever you like.. You seem to be the one who is failing/refusing to deal with actual facts... which also likely leads you into bad logic too.. but maybe it does not matter so much if your logic is good or bad if you yourself continue to consider that something is not real merely because it includes seemingly intangible characteristics... there are a lot of things that are real in the world that partially or wholly include or involve intangibles.

Maybe only a toddler has NOT developed a brain that is able to utilize various aspects of abstract thinking and to appreciate that a variety of real things exist in the world even when they are not in a physically tangible form in front of their ability to sense them with one of the 5 senses or even if you are so sensorially alert as to consider that there are more than 5 senses.. some theories of 21 senses.. .. .

It's is not important what you or other people see in the bitcoin system or say about it.


Well it is important if various ideas are communicated between people, and sometimes certain kinds of phenomena, practices, procedures become accepted or commonly known.

So surely there will be differing levels of understanding that people have in terms of how they might put something to use or feel that they are affected by it, and yes there are likely  going to be some people who either do not understand various aspects or they just remain outsiders because they refuse to accept or understand some real phenomena that exists in the world and is shared amongst other people.

That's just perception and conepts - products of imagination. What is important is the fact that once people invested into this system, they can't get anything out of the system, except if someone enters into it.


It's possible that you could be correct in some ways that parties need to understand the medium of exchange, but you are tending towards discussion this matter in so many absolutes that even I can think of examples in which you are wrong too...

So for example, people can benefit from some systems without realizing that they are benefiting from it.
 Sometimes infrastructure can be built and people can benefit from those systems.  Sometimes ways of interacting can be established in which every time you see a person on the street you do not try to kill them, and you do not realize that you are benefiting from that.

Let's say for example, you live in an area that does not naturally have potable water, yet either you receive deliveries of potable water on a regular basis and you do not even know that the water is being delivered to your location.. In your mind, you believe that the potable water naturally exists in the location that you tap into it, and you had not known anything else in your existence and you did not involve yourself in consenting to such delivery system, but you live your whole life receiving the delivered water.

I could provide other examples to show that you are describing such need to consent or know about your benefits or interactions with a positive system with too much absolutism.


Now, thell me, how's that possible if there's value in the system?


I already gave examples.  You seem to be the one who both lacks imagination and also has the burden to prove that what you say is true.., because as far as I can see, you seem to have gone too far down the imagination road.

Just try to think about it for a moment.


Already thought about it.  It is not as difficult or dramatic as you are making it out to be in your level of seeming ongoing wrongness.

All that electricity invested into the system, all the goods, services,  dollars... but literally nothing can be taken out without someone voluntarily entering into the system. So, how that possible if there's value in the system? Or to put it another way: where's the value that you see or preach about, except in your imagination?

Well, it seems to me that any new invention both has the potential to enhance existing systems and to move value around within existing systems, but it also has potentials to increase new value in ways that might not have had been previously imaginable under the old system.  Sure, the value might not be unilateral and without trade offs, but we can study the existence of a lot of systems that both brought value but also increased the total size of the value pie - whether we are referring to inventions like the wheel, the automobile, electricity, the internet, the refrigerator, and bitcoin ends up having several of its own ways of both creating efficiencies but also increasing possible values or ways of interacting that increases value.

Just take the car, for example, yeah more bugs were killed and roads were built that changed aspects of the environment, but it also allowed for movement of people and goods that allowed for improvements in society.. or maybe split the family apart because people were no longer stuck living in smaller geographical area.. You can spin the positives and negatives and maybe even proclaim that the car caused net negatives, just like you could do the same with bitcoin, yet you still seem to be in denial if you just conclusorily proclaim that bitcoin has no value... which surely seems to be your lame-ass perspective and position.
jr. member
Activity: 252
Merit: 1
[edited out]

You got it all wrong. I don't have presumptions that bitcoin is either not sufficiently holding value or that bitcoin has value on paper only.

All I am doing here is describing the fact that bitcoin doesn't exist, that is, that bitcoin is just a name, while the bitcoin system is a scam system.

That sounds like a distinction without a difference. You try to make it seem that you are creatively genius, but in the end, we already know that a whole practice has been built around BTC and bitcoin has shown itself to be a paradigm shifting invention that causes various dynamics through out the world to have to be reframed...

You can ignore it and downplay it to your peril.. hopefully there are not too many people who follow such reality ignoring fantasy proposition.


You can prove this by asking people that invested in the bitcoin system if they are able to benefit from within the system. In all investment systems that are legit, the investors are able to benefit from within these systems. On the other hand, in all investment systems that are scam, people are not able to benefit in that way. That's obviously because there's no value, no economic resources in such systems.

First you are creating a false framework, and second, benefits from bitcoin can be measured in various ways within various bitcoin systems, and also the longer that bitcoin exists, the more that bitcoin touches upon a variety of systems that are somewhat outside of it (or historically had been outside of it).. So benefits from bitcoin can increasingly be measured through its various interactions with a larger and larger number of systems that may have had little to no connection with anything like bitcoin.

Maybe another aspect of your seemingly false framework is trying to too strictly categorize bitcoin, and surely bitcoin had a bit of an invention with the publication of the October 31, 2008 white paper and also with its underlying software that started running on January 3, 2009... but also, bitcoin was not invented out of thin air, but instead was built upon quite a few concepts that had been theorized, explored, attempted and built upon prior to bitcoin's being named in its 2008 white paper.   

Of course, there seems to be some innovative ways that already existing concepts were put together in bitcoin which causes some of that to have been potentially inventions or discoveries rather than prior work.  Another dynamic is that bitcoin has not remained stagnant since its 2008 announcement and its 2009 beginning to run, but there have been systems built within bitcoin and around bitcoin, proposals made, rejected and adopted, and various kinds of learning is ongoing - even if arguments can be made that bitcoin has been running since 2009 - it has tended to serve as an example of a project that runs like a plane in flight and continues to fly while being built upon.

Ignore, poo-poo and denigrate bitcoin to your peril - and surely perhaps even the various shitcoins, associated projects/promotionals, proposals (even the rejected ones) and even attack vehicles can serve as learning mechanisms for people considering bitcoin and ways to potentially learn, employ or build upon bitcoin.


As you can see, I am stating simple facts.

Well maybe your simple facts are too simple since they seem to be attempting to proclaim either a kind of reality that does not exist or some kind of aspect of the world that you would like to believe does not exist by your mere wishing it away (or proclaiming to ignore it while creating threads about what you are proclaiming to ignore).


You can preach all day long about bitcoin's value, but the very fact that not a single holder in the bitcoin system is able to benefit from within this system is an indisputable empirical proof that your preaching is without basis in reality.

Surely, you can label some of us (including yours truly) as preaching when the fact of the matter is more likely that we are attempting to engage in good faith descriptions of a world that we consider to be more accurate than your nonsenses.  Of course, not everyone acts in good faith when they engage in dialogues with others, and you seem to be falling into a kind of disingenuine bad faith and misleading camp rather than really identifying some kind of empirical truth that needs to be better fleshed out.

In the bitcoin system there's zero value. And bitcoin doesn't exist. The only purpose of the whole thing is to trick people out of their money.

The above set of ideas (to the extent that they could be considered as ideas rather than gobble-dee-gook inconsistent assertions?) hardly makes any sense.

For example, I am not much of a proponent of various shitcoins, but even I am going to concede that shitcoins have value, even if they are used to scam people.

Bitcoin is in another category.. but if you would like to lump bitcoin in with various kinds of shitcoins and then to consider the whole field as valueless, you would be both empirically and logically wrong on that front too.
You're trying to deny facts with words. It's is not important what you or other people see in the bitcoin system or say about it. That's just perception and conepts - products of imagination. What is important is the fact that once people invested into this system, they can't get anything out of the system, except if someone enters into it.

Now, thell me, how's that possible if there's value in the system? Just try to think about it for a moment. All that electricity invested into the system, all the goods, services,  dollars... but literally nothing can be taken out without someone voluntarily entering into the system. So, how that possible if there's value in the system? Or to put it another way: where's the value that you see or preach about, except in your imagination?
legendary
Activity: 3920
Merit: 11299
Self-Custody is a right. Say no to"Non-custodial"
[edited out]

You got it all wrong. I don't have presumptions that bitcoin is either not sufficiently holding value or that bitcoin has value on paper only.

All I am doing here is describing the fact that bitcoin doesn't exist, that is, that bitcoin is just a name, while the bitcoin system is a scam system.

That sounds like a distinction without a difference. You try to make it seem that you are creatively genius, but in the end, we already know that a whole practice has been built around BTC and bitcoin has shown itself to be a paradigm shifting invention that causes various dynamics through out the world to have to be reframed...

You can ignore it and downplay it to your peril.. hopefully there are not too many people who follow such reality ignoring fantasy proposition.


You can prove this by asking people that invested in the bitcoin system if they are able to benefit from within the system. In all investment systems that are legit, the investors are able to benefit from within these systems. On the other hand, in all investment systems that are scam, people are not able to benefit in that way. That's obviously because there's no value, no economic resources in such systems.

First you are creating a false framework, and second, benefits from bitcoin can be measured in various ways within various bitcoin systems, and also the longer that bitcoin exists, the more that bitcoin touches upon a variety of systems that are somewhat outside of it (or historically had been outside of it).. So benefits from bitcoin can increasingly be measured through its various interactions with a larger and larger number of systems that may have had little to no connection with anything like bitcoin.

Maybe another aspect of your seemingly false framework is trying to too strictly categorize bitcoin, and surely bitcoin had a bit of an invention with the publication of the October 31, 2008 white paper and also with its underlying software that started running on January 3, 2009... but also, bitcoin was not invented out of thin air, but instead was built upon quite a few concepts that had been theorized, explored, attempted and built upon prior to bitcoin's being named in its 2008 white paper.   

Of course, there seems to be some innovative ways that already existing concepts were put together in bitcoin which causes some of that to have been potentially inventions or discoveries rather than prior work.  Another dynamic is that bitcoin has not remained stagnant since its 2008 announcement and its 2009 beginning to run, but there have been systems built within bitcoin and around bitcoin, proposals made, rejected and adopted, and various kinds of learning is ongoing - even if arguments can be made that bitcoin has been running since 2009 - it has tended to serve as an example of a project that runs like a plane in flight and continues to fly while being built upon.

Ignore, poo-poo and denigrate bitcoin to your peril - and surely perhaps even the various shitcoins, associated projects/promotionals, proposals (even the rejected ones) and even attack vehicles can serve as learning mechanisms for people considering bitcoin and ways to potentially learn, employ or build upon bitcoin.


As you can see, I am stating simple facts.

Well maybe your simple facts are too simple since they seem to be attempting to proclaim either a kind of reality that does not exist or some kind of aspect of the world that you would like to believe does not exist by your mere wishing it away (or proclaiming to ignore it while creating threads about what you are proclaiming to ignore).


You can preach all day long about bitcoin's value, but the very fact that not a single holder in the bitcoin system is able to benefit from within this system is an indisputable empirical proof that your preaching is without basis in reality.

Surely, you can label some of us (including yours truly) as preaching when the fact of the matter is more likely that we are attempting to engage in good faith descriptions of a world that we consider to be more accurate than your nonsenses.  Of course, not everyone acts in good faith when they engage in dialogues with others, and you seem to be falling into a kind of disingenuine bad faith and misleading camp rather than really identifying some kind of empirical truth that needs to be better fleshed out.

In the bitcoin system there's zero value. And bitcoin doesn't exist. The only purpose of the whole thing is to trick people out of their money.

The above set of ideas (to the extent that they could be considered as ideas rather than gobble-dee-gook inconsistent assertions?) hardly makes any sense.

For example, I am not much of a proponent of various shitcoins, but even I am going to concede that shitcoins have value, even if they are used to scam people.

Bitcoin is in another category.. but if you would like to lump bitcoin in with various kinds of shitcoins and then to consider the whole field as valueless, you would be both empirically and logically wrong on that front too.
jr. member
Activity: 252
Merit: 1
And what that has to do with the question I am always asking: how people can benefit from Bitcoin without new buyers or investors?

In other words, one can profit or benefit from bitcoin only by selling it to new investors for their utilizable resources. These resources can then be practically utilized to provide benefit to the owner. And that is exactly how Ponzi schemes work.

People profited or benefited from other people's actual things like dollars, goods or services, not from changed spreadsheet digits. No one can benefit from that. No one can benefit from Bitcoin.

Bitcoin holder can benefit from bitcoin only if someone voluntarily chooses to buy it.
And that's the definition of a ponzi-like scheme.

I will repeat: the whole point of this topic is the question how can you benefit from bitcoins without selling them to someone.

Now the question: can you benefit from the quantity next to your address without a new investor voluntarily accepting this quantity?



What are you trying ti achieve with this sophistry?

Snowshow / Antithesis / antikvark / fxsurfer, you've been doing this since 2017. So I would like to ask you the same question: what are you trying to achieve with this sophistry?


So you're performing an investigation on forum users to achieve exactly what?


Surely, there seems to be some artificialities to the way the question is raised by either the same person or some dumbass talking point coordination center.

A decent lack of thought because we know that bitcoin buyers/accumulators have tended to benefit from being in bitcoin the longer that they have been in - even though in bitcoin's so far price history, there sometimes could be periods of up  3.5 years in which purchased BTC was not in profits.. yet for anyone with any level of sophistication, the data should not show us to get in and out of bitcoin but rather attempt to have a longer term plan and to accumulate bitcoin through the up and down periods, and in the longer run you are likely going to be in profits and if you continue to accumulate BTC, it is quite likely that you are not even going to have to wait 3.5 years to be in profits and to benefit from BTC.

Lot's of nonsense spread by bitcoin naysayers like Snowshow / Antithesis / antikvark / fxsurfer and perhaps some others on their naysaying team of one.. hahahahahaaha

So far in bitcoin's history, Bitcoin's price performance has brought actual tangible benefits that can be measured in the real world for those persons who had cashed out, and the argument would not even be that you have to cash out (beyond keeping your profits "on paper") so long as bitcoin at least maintains its value/price and perhaps continues to at least gravitate in the upwards direction with price in the coming years (even if there might continue to be some further downs along the way too).

One of the worst kinds of losing scenarios in bitcoin would be if the BTC price continues to gravitate downward in price and never recovers from that downward gravitation, and another kind of losing scenario would be some kind of sudden drop in price to bring bitcoin prices either down to zero or to real low values that causes great impacts on the confidence of BTC HODLers/accumulators.

In my glancing through this thread, I can see presumptions that bitcoin is either not sufficiently holding value or that bitcoin has value on paper only - but those kinds of presumptions are contrary to the actual facts (rather than the fantasy facts presented by bitcoin naysayers like Snowshow / Antithesis / antikvark / fxsurfer).

I am surely a subscriber to the theory that any myth has some real facts attached to it, so in that regard, there would need to be some weighing of which kinds of facts are more material and relevant than others, and for sure with bitcoin price is not the ONLY way to attempt to measure the extent to which some things in the material world actually back it... which we should be able to see and appreciate with the passage of time that bitcoin's network effects continue build.. There are a lot of ways that we could individually measure bitcoin's network effects to attempt to figure out if progress continues to be made.**

**Trace Mayer had been outlining bitcoin's seven network effects going back for several years

I am not going to go into any kind of detailed discussion of how each of the network effects are growing, and surely Snowshow / Antithesis / antikvark / fxsurfer have their rights to express their own fantasylandia opinions and conclusions to the extent that they do not end up getting banned for their disingenuineness ongoing misrepresentations.
You got it all wrong. I don't have presumptions that bitcoin is either not sufficiently holding value or that bitcoin has value on paper only.

All I am doing here is describing the fact that bitcoin doesn't exist, that is, that bitcoin is just a name, while the bitcoin system is a scam system.

You can prove this by asking people that invested in the bitcoin system if they are able to benefit from within the system. In all investment systems that are legit, the investors are able to benefit from within these systems. On the other hand, in all investment systems that are scam, people are not able to benefit in that way. That's obviously because there's no value, no economic resources in such systems.

As you can see, I am stating simple facts. You can preach all day long about bitcoin's value, but the very fact that not a single holder in the bitcoin system is able to benefit from within this system is an indisputable empirical proof that your preaching is without basis in reality. In the bitcoin system there's zero value. And bitcoin doesn't exist. The only purpose of the whole thing is to trick people out of their money.
legendary
Activity: 3920
Merit: 11299
Self-Custody is a right. Say no to"Non-custodial"
And what that has to do with the question I am always asking: how people can benefit from Bitcoin without new buyers or investors?

In other words, one can profit or benefit from bitcoin only by selling it to new investors for their utilizable resources. These resources can then be practically utilized to provide benefit to the owner. And that is exactly how Ponzi schemes work.

People profited or benefited from other people's actual things like dollars, goods or services, not from changed spreadsheet digits. No one can benefit from that. No one can benefit from Bitcoin.

Bitcoin holder can benefit from bitcoin only if someone voluntarily chooses to buy it.
And that's the definition of a ponzi-like scheme.

I will repeat: the whole point of this topic is the question how can you benefit from bitcoins without selling them to someone.

Now the question: can you benefit from the quantity next to your address without a new investor voluntarily accepting this quantity?



What are you trying ti achieve with this sophistry?

Snowshow / Antithesis / antikvark / fxsurfer, you've been doing this since 2017. So I would like to ask you the same question: what are you trying to achieve with this sophistry?

Surely, there seems to be some artificialities to the way the question is raised by either the same person or some dumbass talking point coordination center.

A decent lack of thought because we know that bitcoin buyers/accumulators have tended to benefit from being in bitcoin the longer that they have been in - even though in bitcoin's so far price history, there sometimes could be periods of up  3.5 years in which purchased BTC was not in profits.. yet for anyone with any level of sophistication, the data should not show us to get in and out of bitcoin but rather attempt to have a longer term plan and to accumulate bitcoin through the up and down periods, and in the longer run you are likely going to be in profits and if you continue to accumulate BTC, it is quite likely that you are not even going to have to wait 3.5 years to be in profits and to benefit from BTC.

Lot's of nonsense spread by bitcoin naysayers like Snowshow / Antithesis / antikvark / fxsurfer and perhaps some others on their naysaying team of one.. hahahahahaaha

So far in bitcoin's history, Bitcoin's price performance has brought actual tangible benefits that can be measured in the real world for those persons who had cashed out, and the argument would not even be that you have to cash out (beyond keeping your profits "on paper") so long as bitcoin at least maintains its value/price and perhaps continues to at least gravitate in the upwards direction with price in the coming years (even if there might continue to be some further downs along the way too).

One of the worst kinds of losing scenarios in bitcoin would be if the BTC price continues to gravitate downward in price and never recovers from that downward gravitation, and another kind of losing scenario would be some kind of sudden drop in price to bring bitcoin prices either down to zero or to real low values that causes great impacts on the confidence of BTC HODLers/accumulators.

In my glancing through this thread, I can see presumptions that bitcoin is either not sufficiently holding value or that bitcoin has value on paper only - but those kinds of presumptions are contrary to the actual facts (rather than the fantasy facts presented by bitcoin naysayers like Snowshow / Antithesis / antikvark / fxsurfer).

I am surely a subscriber to the theory that any myth has some real facts attached to it, so in that regard, there would need to be some weighing of which kinds of facts are more material and relevant than others, and for sure with bitcoin price is not the ONLY way to attempt to measure the extent to which some things in the material world actually back it... which we should be able to see and appreciate with the passage of time that bitcoin's network effects continue build.. There are a lot of ways that we could individually measure bitcoin's network effects to attempt to figure out if progress continues to be made.**

**Trace Mayer had been outlining bitcoin's seven network effects going back for several years

I am not going to go into any kind of detailed discussion of how each of the network effects are growing, and surely Snowshow / Antithesis / antikvark / fxsurfer have their rights to express their own fantasylandia opinions and conclusions to the extent that they do not end up getting banned for their disingenuineness ongoing misrepresentations.
legendary
Activity: 1820
Merit: 2700
Crypto Swap Exchange
And what that has to do with the question I am always asking: how people can benefit from Bitcoin without new buyers or investors?

In other words, one can profit or benefit from bitcoin only by selling it to new investors for their utilizable resources. These resources can then be practically utilized to provide benefit to the owner. And that is exactly how Ponzi schemes work.

People profited or benefited from other people's actual things like dollars, goods or services, not from changed spreadsheet digits. No one can benefit from that. No one can benefit from Bitcoin.

Bitcoin holder can benefit from bitcoin only if someone voluntarily chooses to buy it.
And that's the definition of a ponzi-like scheme.

I will repeat: the whole point of this topic is the question how can you benefit from bitcoins without selling them to someone.

Now the question: can you benefit from the quantity next to your address without a new investor voluntarily accepting this quantity?



What are you trying ti achieve with this sophistry?

Snowshow / Antithesis / antikvark / fxsurfer, you've been doing this since 2017. So I would like to ask you the same question: what are you trying to achieve with this sophistry?
jr. member
Activity: 252
Merit: 1
When borrowers pay debt within the banking system of course they pay it through exchanging goods, services or labour with the USD holders.


Here is the quote where you said it.
And what that has to do with the question I am always asking: how people can benefit from Bitcoin without new buyers or investors?

What are you trying ti achieve with this sophistry?
hero member
Activity: 1050
Merit: 642
Magic
When borrowers pay debt within the banking system of course they pay it through exchanging goods, services or labour with the USD holders.


Here is the quote where you said it.
jr. member
Activity: 252
Merit: 1

That's a trick question. The real question is how you benefit within a particular system?


You always ask how you can benefit from BTC without exchanging it. If I ask how this should be possible for USD you says its a trick question and then tell me it is not possible. I think this settles this tread once and for all.

I never said that. You just made that up. I am always asking this: how people can benefit without new buyers or investors. Borrowers are NOT new buyers or investors, but ones who have liability within the fiat currency system to settle the debt.


So, let me try once again: if there's value in the bitcoin system why all bitcoin holders must run out of that system to benefit?
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