Topic: How Satoshi Nakamoto Fooled the World - page 31. (Read 8983 times)

This is how the Bitcoin works. You can verify it from the source code with your own eyes or you can keep claiming that it is not true. Everyone else can see from the code that you are incorrect.

Edit: Do you think all the supervisors of stock exchanges are wrong when they allowed Bitcoin ETF's to become traded on those stock exchanges? Do you really think they do not understand Bitcoin but you are the only one who sees that it is not "real"?
So are you claiming they are scammers or do you claim they are just stupid?

You write a lot and say nothing. That what you've written is not how bitcoin works but how numbers are managed according to protocols. Bitcoin "works" only in fantasy.

Stop with the nonsense. When someone says that they bought bitcoin they are not saying that they bought "the source code of Bitcoin" or "blockchain" or "network" of nodes. They're saying they bought coins, tokens, digital money, digital assets... in the quantity that is written next to their address. I have proved to you that this is factually incorrect. They bought nothing. Numbers are fake. I didn't say unverified. I said fake in a sense that no thing exists in the quantities that these numbers indicate. So stop with this rhetorical tricks. You cannot fool anyone here.

If Snowshows brain is not big enough to understand more complex things than "numbers", then lets talk about numbers. Let's talk about this in a child's way.

Bitcoin network has limited amounts of numbers. The whole network exists only in internet as digital. Anybody can buy some of those numbers and if the purchase is made inside of the network, then the ownership of those numbers gets rewritten for that person. The buyer does not receive anything physical, just the change of ownership gets written in the digital book keeping list of who owns what of those numbers.

Kid claims that you can just make your own numbers and they would be as valuable as those numbers in the Bitcoin network. That is incorrect because those numbers he created are just random numbers. They are not inclueded in the Bitcoin book keeping called blockchain. Kid cannot put or send his fake numbers to the Bitcoin book because Bitcoin book does not accept any other numbers than the ones it was created with. You can't add new numbers into it as it has been coded to work with only the exact 21 million numbers which were in the system originally.

Can you touch the numbers? No. They exist only in the internet. They are listed there. It is a closed system with rules that everyone can verify. Anyone can buy part of those numbers if someone who owns them is willing to sell. But you can't counterfeit or copy the numbers because only the original numbers exists in the system and the system recognizes if you own any of those numbers or not.

If there are kids in this world who has similar brain than Snowshow, maybe this will help you understand how Bitcoin works.

1. It is not Satoshi's system. He started it and then gave it away for other coders to keep developing the source code of Bitcoin monetary network. No one owns Bitcoin as it is decentralized. Running on thousands of computers around the world. I get it that you don't understand this and still want to lie about this, because your lie suits your agenda.

2. The numbers in Bitcoin network are not fake like you claim. They are proven and verified. Even you can see the Bitcoin source code and the rules of how it operats. You just don't want to verify it because you are so bitter about people making money with Bitcoin and you are not making any money.

3. No one has ever saw Bitcoin? Dude. You sound like 4 years old kid saying that if you can't touch it, it is not real. You CAN see the source code of Bitcoin. You can see the lines of code. You can see the blockchain where every transaction is saved. You can see the monetary network operating just as it's source code means it to operate every single time you send or receive a transaction.

If you can't see, you are either blind or just bitter and toxic. Again, don't do this to yourself. Things will only get more harsh for your mental health when Bitcoin value and adoption grows.

My answer to you is: nothing. You sold nothing. Take this analogy. I write down my name and "1 Zeus" next to it. I now have "something" associated with my name. I go to my neighbor, I exchange it for fiat currency (for $ 44k) by writing down his name and "1 Zeus", and by writing down my name and "0 Zeus" next to it. Now I don't have that "something" anymore. All I have left is just my name. By definition, this process is called sales. My question to you, what did I sell?

I could spend all day saying Zeus is this, Zeus is that, comparing them to this, comparing them to that. But Zeus is still fictional given I cannot show them in reality. You who have positive entries next to your address can show just these entries. Nothing digital or tangible exist in your possession. There's no bitcoin in reality. Bitcoin is a fictional item.

Why does your reasoning fail at such a simple level? You're talking about some Satoshi's system, banking system, liabilities and god knows what else. I'm not interested in those things. I just have one simple question for you.

Please bear with me as I explain slowly. I had "something" associated with my address. I went to an online exchange, I exchanged it for fiat currency (for $ 44k at current exchange rates), and now I don't have that "something" anymore. All I have left is just a address. By definition, this process is called sales. My question to you, what did I sell?

So why don't you leave then? It's obvious that you can't convince us that your opinion is right so just leave if you don't want to have a discussion with us irrational people.

I don't want to compare Bitcoin to anything. I have repeatedly told you that Bitcoin can't be compared to things like fiat money, gold or anything like that because Bitcoin is a new thing. I just told you this:
This doesn't mean that I'm comparing Bitcoin to gold. It means that it's more similar to gold than to fiat money. The only difference to gold is that gold is a physical thing and Bitcoin is not.

I am not comparing Satoshi's numbers to fiat money. This is what you do. First you people say that Satoshi's numbers quantify coins. That bitcoin is a coin. Like a gold coin. That by holding a number next to an address in the Satoshi's system you own coins. Then it is explained to you that coins are tangible items, and that nothing tangible exists in the possession of address holders. What you do then? Well, then you start to compare Satoshi's numbers to fiat money because numbers on deposit accounts are intangible. Then it is explained to you that numbers on deposit accounts exist just to quantity or represent liabilities. That liabilities are intangible type of money which exists in the banking system. And that no liabilities exist in the Satoshi's system. What you do then? Then you go back to comparing Satoshi's numbers to gold. To tangible item. So, it is impossible to have a rational discussion with you people. Given you cannot show bitcoin, all you do is creating false analogies or twisting the meaning of words that are used in finance or economics. That's literally all you do. You engage in all that irrational behavior while in reality everything is so simple. All you have to do is state the obvious: bitcoin doesn't exist. Satoshi's paper is nonsense. You see how simple it is? Stop viewing an anonymous guy like he's some kind of god. He's not. He's just a person ignorant of economics, which is why he wrote a paper with many incorrect statements and assumptions. Stop accepting them at face value.

.... Otherwise we would have been doomed by the time I write this post! I am also so surprised as how peeps are not able to see or agree upon bitcoin's existence until now and how are they not able to digest that words like memonic phrases, private keys, wallets, blockchain, nodes etc, everything is actually real? Why are they not able to understand how Mr. Satoshi visioned it for the humanity or at least for those who wanted to have their ownership with the funds they earn. Then we have these peeps who are literally questioning the existence of whole crypto space. How can they not see the day to day happenings of bitcoin or altcoins? The whole community talks about it, the government is accepting it and how can anyone be so ignorant.

Oh, you are still here? You still didn't give up? Damn you are one stubborn person...

First, stop comparing Bitcoin to fiat money. Fiat money represent (or at least should represent) liability as you say. Bitcoin does not represent anything. If you need something to compare Bitcoin to then use gold as it is more similar to gold than to fiat money. The only difference is that gold is a physical thing and Bitcoin is not. But you can't say that Bitcoin doesn't exist because it exist. It is a digital data that is generated to reward system that solves complex mathematical calculations in order to verify transactions.

Why is it so hard for you people to look at what is actually happening? Nothing is sold. Factually, the system just plays with the numbers according to some protocols. Can you comprehend the reality of that? Nothing is sold or bought in your example. People sell and buy liabilities in the banking system. Liability is the type of money. Operation with the numbers in the banking system means quantifying liabilities. Liabilities are existent things in the banking system and are quantified with the numbers. In the Satoshi's system there are neither liabilities nor some other type of money. Only fake quantities. These quantities fool many people by creating the illusion that something exists. That something is quantified with them, like coins. But it's not. Quantities are fake.

I also asked, what did I sell? Obviously, I didn't sell the address, I still own it. But I sold something. What is that?

Sure we can "see" infrared light. Not by our eyes of course. But instruments such as night-vision goggles or infrared cameras–allow us to "see" the infrared waves emitting from warm objects such as humans and animals.

In the Satoshi's system all that you see in the possession of a person is an address. And a fake number attached to it.

Not a single person in the world has seen infrared light, yet it exists. You can measure it, it's not a made up thing. You use it every time you turn your TV on with your remote control, yet you don't see the infrared light between the two.

In a similar way, you can't see Bitcoin, but you can use it, it's as real as infrared light even though you can't see them.

Like I said. I talk about facts. So factually, there are thousands of companies around the world that participate in Satoshi's scheme and give their existing things for free just because the Satoshi's system will write fake numbers next to their addresses in the system. If, like you say, the companies think or say they are using Bitcoin, that's factually incorrect given not s single person on Earth has ever saw Bitcoin. Bitcoin is a non-existent thing. Of course, you can still think and talk about bitcoin. Like you can talk about Zeus, flying spaghetti monster, unicorn, or whatever. But those are all fictional characters. And if you insist talking they are real that fits the definition of a delusional behavior. Majority around the world are ignorant, and they believe false narrative on bitcoin's existence. So they aren't behaving delusionally. They are just ignorant. However, in this topic I have proved to you that bitcoin doesn't exist, so if you insist on talking that bitcoin exists and ignore all the empirical evidence I gave you, that's delusional behavior.
You asked what you own. You own an address. Like everyone that installed a wallet application. That's all that you own. Now, whatever playing with the numbers the system performs around your address doesn't make you an owner of something. For example, coins. Coins are tangible items. Like gold ones. You don't own coins. Neither bit-coins nor b-coins. Anyone who has ever told you that you own coins is simply lying or is ignorant. Also you don't own tokens or electronic cash. Those are liability type of money - an entity is liable to redeem them. So, anyone who has ever told you that you own tokens or electronic cash is also lying or is ignorant. That what you have next to your address is a fake number. Fake quantity. Quantity of a thing that doesn't exist. Letters B, T, C in your wallet are fake name. Name of a thing that doesn't exist. Flying spaghetti monster is also the name of a thing that doesn't exist. You can give names to non-existent or fictional things. That's what your wallet application does.
Only the existing things can be scarce. Playing with the numbers don't make things pop into existence.

It's not the same though. The main difference is digital scarcity. Bitcoins are digitally scarce. Emails are not. That's partly why bitcoins are valuable and emails are not.

I'll give you an example of digital scarcity that you might understand better.

Think about Google. They are basically a digital marketing company. They sell ads to people and companies. But what are they actually selling?, the first result of the list that is returned when you're looking for something.

That's digital scarcity. There can only be one top result when you search for something at google. Result number 203 is not as valuable as result 5, and the first result is the most valuable. They're all digital things that Google can sell to people, with the top result being the most scarce, and the most valuable.

Now, Google top result shows digital scarcity, just like Bitcoin. But Google results are centralized. Bitcoin is decentralized, but that's another story.

The point is that I'm sure you now understand that digital scarcity exists and it's valuable. Bitcoin has digital scarcity.

But I did not sell my address in the system. I still own the address.
To say "nothing" cannot be factually correct, because logic dictates that I obviously sold something. I owned "something" that, after the sale, I no longer own. I ask you again, what did I sell?

Don't you know that thousands of companies around the world already accepts Bitcoin as a payment? The company I work for included.
Don't you know that there are already several Bitcoin ETF's in many different stock exchanges around the world? And local financial regulators have approved those all?

Don't do this for your mental health. Don't lie to yourself that something you see in the news so much does not exist at all. You might end up hurting yourself or the others one day when you can't take it anymore.