Topic: How Satoshi Nakamoto Fooled the World - page 25. (Read 8965 times)
How ambiguous this is, and making no sense at the end. Do you really think humans with such population and verse knowledge on technology would invest in such technology if it is not real. Your opinion about the bitcoin technology is clear and we understand your plight. Moreover, you can’t mislead people to believe and follow what you think is right about this. Those who believe and invested in it know the true future of it and solemnly believe in its existence. Don’t persuade people to believe in what you believe in rather give them a reason to do research on their own and come to conclusion whether to bank with you or not. That’s the true character of someone real with his objectives or innovations.
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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.
Again, if there's value in the system why all the bitcoin holders must run out of that system to benefit? Literally every bitcoin holder is proof that bitcoin system is worthless.
Because it is the same for every currency. You can never benefit from a currency if you do not trade it, it does not matter if there is some kind of value (like debt) stored in it or not. Or how can you benefit from holding a 5 dollar bill that you are not able to trade for something?
Let me now try again: if there's value in the bitcoin system why all the bitcoin holders must run out of that system to benefit?
No first answer my question: How can you benefit from the USD without exchanging it for goods?
On the other hand, people invested their economic resources in the bitcoin system, however, in order to benefit they must exist that system. That's because there's nothing in the system. It's worthless. It's a scam. In every scam, you invest into it, but you benefit only if you exit out of it. If you're unable to exit, because the new investors don't want to enter into it anymore, then you're doomed.
It's adorable when someone completely misunderstands something and then tries to convince others that their flawed comprehension is some sort of revelatory truth. Particularly when they're on their umpteenth username and their spiel still doesn't sound convincing.
Possession of a private key which allows you to spend a sum of BTC is very much a manifestation of ownership rights. BTC cannot be duplicated like the types of message you have described. I look forward to your next moniker and subsequent failed attempt to insinuate that there is no value in what Bitcoin offers. People immeasurably smarter than you see the value in it.
Possession of a private key which allows you to spend a sum of BTC is very much a manifestation of ownership rights. BTC cannot be duplicated like the types of message you have described. I look forward to your next moniker and subsequent failed attempt to insinuate that there is no value in what Bitcoin offers. People immeasurably smarter than you see the value in it.
THIS.
This is where the thread should have ended.
I absolutely agree with this poster because obviously anyone who does not understand something and cannot even explain it in a simple fashion has absolutely no business telling people the pros or cons of said subject.
I think 90+ % of people here really do not fully understand how blockchain works at the technical level and they obviously do not understand the algorithms and code behind it, as they are non coders.
I wish we had some "test" of knowledge before people were allowed to make an account on this forum.
Again, if there's value in the system why all the bitcoin holders must run out of that system to benefit? Literally every bitcoin holder is proof that bitcoin system is worthless.
Because it is the same for every currency. You can never benefit from a currency if you do not trade it, it does not matter if there is some kind of value (like debt) stored in it or not. Or how can you benefit from holding a 5 dollar bill that you are not able to trade for something?
Let me now try again: if there's value in the bitcoin system why all the bitcoin holders must run out of that system to benefit?
No first answer my question: How can you benefit from the USD without exchanging it for goods?
Again, if there's value in the system why all the bitcoin holders must run out of that system to benefit? Literally every bitcoin holder is proof that bitcoin system is worthless.
Because it is the same for every currency. You can never benefit from a currency if you do not trade it, it does not matter if there is some kind of value (like debt) stored in it or not. Or how can you benefit from holding a 5 dollar bill that you are not able to trade for something?
Let me now try again: if there's value in the bitcoin system why all the bitcoin holders must run out of that system to benefit?
Then, people took his paper at face value. They took it without actually questioning or doubting what was written.
The only one how actually takes everything at face value is you. Your only argument is that bitcoin is not the same as other currencies. But it is not meant to be the same, because otherwise we would not need it. Also you can not believe that people can buy things just because they want to. In many cases there is not an economical reason behind it, but still it does not mean it is a scam.
Well because you write stuff that makes no sense. Then if somebody tries to argue it you tell them that is not what you meant
Again, if there's value in the system why all the bitcoin holders must run out of that system to benefit? Literally every bitcoin holder is proof that bitcoin system is worthless.
Because it is the same for every currency. You can never benefit from a currency if you do not trade it, it does not matter if there is some kind of value (like debt) stored in it or not. Or how can you benefit from holding a 5 dollar bill that you are not able to trade for something?
With the change of days almost everything of us changes. Few days ago which are impossible to do now those very much easy. Once a time which are not imagined now we have no time to think particular things because for the advancement. The way you or someone is looking at Bitcoin, actually we are looking it at the opposite. The use of digital currency has started in the world. Maybe in a few days it will be fully adapted and physical money will be extinct.
Then, people took his paper at face value. They took it without actually questioning or doubting what was written.
The only one how actually takes everything at face value is you. Your only argument is that bitcoin is not the same as other currencies. But it is not meant to be the same, because otherwise we would not need it. Also you can not believe that people can buy things just because they want to. In many cases there is not an economical reason behind it, but still it does not mean it is a scam.
It was not meant to be an insult but an actual question. How can you come to an forum that for 13 years discusses about the benefits of bitcoin and start to fight everyone. This to me can only have a few reasons and none of them are good for you 
Anyways, even if you don't believe bitcoin is a banking system wich you can argue. Still people can see a value in the benefits it offers. If you can't see the benefits it offers it is your problem.
Again, if there's value in the system why all the bitcoin holders must run out of that system to benefit? Literally every bitcoin holder is proof that bitcoin system is worthless. Anyways, even if you don't believe bitcoin is a banking system wich you can argue. Still people can see a value in the benefits it offers. If you can't see the benefits it offers it is your problem.
Then, people took his paper at face value. They took it without actually questioning or doubting what was written.
The only one how actually takes everything at face value is you. Your only argument is that bitcoin is not the same as other currencies. But it is not meant to be the same, because otherwise we would not need it. Also you can not believe that people can buy things just because they want to. In many cases there is not an economical reason behind it, but still it does not mean it is a scam.
It was not meant to be an insult but an actual question. How can you come to an forum that for 13 years discusses about the benefits of bitcoin and start to fight everyone. This to me can only have a few reasons and none of them are good for you
Anyways, even if you don't believe bitcoin is a banking system wich you can argue. Still people can see a value in the benefits it offers. If you can't see the benefits it offers it is your problem.
Anyways, even if you don't believe bitcoin is a banking system wich you can argue. Still people can see a value in the benefits it offers. If you can't see the benefits it offers it is your problem.
If bitcoin is real and valuable, then why people must exist the bitcoin system in order to benefit? And enter, for example, into the fiat currency system?
Imagine a piece of gold. If you buy it you can also only hope someone else will buy it again from you. Otherwise there is no value in it. Yes you can look at it, but you can also look at the numbers in your bitcoin wallet. Also you can fabricate something from the pice of gold, but 99.9% of the owners of gold will never do it. So is gold also a scam sceme? Or you tell me if at some point there are no buyers for gold anymore, everyone can just start to produce microcontrolers in their garage from it?
Dude are you mentally ill? How do you think that people are only able to buy something or give something a value if it contains debt that was payed in advance.
Don't insult people because you don't understand how the banking system operates.
Dude are you mentally ill? How do you think that people are only able to buy something or give something a value if it contains debt that was payed in advance.
Bitcoin is a scam in which you must invest something real, and then wait for new buyers or investors to save you from that scam.
Doesn't the same thing happen in the stock market? Those who bought N-company shares for $1 are waiting for the opportunity to sell for $100-1000 to new investors. You don't call it a scam. Why? Just because the system that exists in the stock market has long been formed? And between what is there, what is here, systematically, the same thing happens, if we consider investing.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.
The same thing happens in the traditional banking system. When using an electronic money transfer, nothing is transmitted from the sender to the recipient, only information in the form of 1 and 0. Nothing is physically transferred. Or when buying in cash, a piece of paper is physically transferred. What is the value of a piece of paper? Why is this piece of paper better than a piece of toilet paper roll? Yes, nothing. The only difference is the faith people put into the paper printed by the central banks.Question for Snowshow. If you think bitcoin is a scam, then what don't you consider a scam? Traditional banking system?
In the system that contains equity/capital (stocks) people benefit because capital produces goods and services, or on their own, this capital can be used to satisfy human needs(real estate for example). So here as well, people are able to benefit from within the system.
However, in the case of bitcoin system no one is able to benefit from within that system, and, the same as members of all investment frauds, people must exist the bitcoin system to be able to benefit. They need new buyers or investors, who will give them access (banknotes/bank deposits/stocks) to traditional banking system or equity system where they can benefit as explained above.
If bitcoin is real and valuable, then why people must exist the bitcoin system in order to benefit? And enter, for example, into the fiat currency system?
Imagine a piece of gold. If you buy it you can also only hope someone else will buy it again from you. Otherwise there is no value in it. Yes you can look at it, but you can also look at the numbers in your bitcoin wallet. Also you can fabricate something from the pice of gold, but 99.9% of the owners of gold will never do it. So is gold also a scam sceme? Or you tell me if at some point there are no buyers for gold anymore, everyone can just start to produce microcontrolers in their garage from it?
Bitcoin is a scam in which you must invest something real, and then wait for new buyers or investors to save you from that scam.
Doesn't the same thing happen in the stock market? Those who bought N-company shares for $1 are waiting for the opportunity to sell for $100-1000 to new investors. You don't call it a scam. Why? Just because the system that exists in the stock market has long been formed? And between what is there, what is here, systematically, the same thing happens, if we consider investing.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.
The same thing happens in the traditional banking system. When using an electronic money transfer, nothing is transmitted from the sender to the recipient, only information in the form of 1 and 0. Nothing is physically transferred. Or when buying in cash, a piece of paper is physically transferred. What is the value of a piece of paper? Why is this piece of paper better than a piece of toilet paper roll? Yes, nothing. The only difference is the faith people put into the paper printed by the central banks.Question for Snowshow. If you think bitcoin is a scam, then what don't you consider a scam? Traditional banking system?
Bitcoin is real, but Bitcoin is not fake. Bitcoin is a digital currency that is created, stored and exchanged in digital wallets and traded on virtual exchanges. Bitcoins are not printed, like dollars or euros – they're produced by people, and increasingly businesses, running computers all around the world, using software that solves mathematical problems. The digital coins are then stored in online wallets, or traded on exchanges, to be spent by the owners.
If bitcoin is real and valuable, then why people must exist the bitcoin system in order to benefit? And enter, for example, into the fiat currency system? The very fact that people must exist the system to be able to benefit, proves that bitcoin is not real. If a system contains a real thing, people are able to benefit within the system. Nobody within the bitcoin system is able to benefit, which is why, they must run into other systems that contain for example debt( fiat currencies/bonds), commodities, equity (stocks), products, real estate, etc. Bitcoin is a scam in which you must invest something real, and then wait for new buyers or investors to save you from that scam. Jump to: