Topic: How Satoshi Nakamoto Fooled the World - page 40. (Read 8968 times)

Someone with "0" attached to their address, has mathematical symbol the same as someone with "1" attached to their address. So where's bitcoin in this? What do people appreciate? Where's the digital money that offers something to people? I see no money. I see mathematical symbols attached to address. Someone has a single symbol: "0" or "9". Someone else has many symbols: "0.000002" or "0.000000099". But where's bitcoin? Where's that revolutionary money everyone is talking about? Can you tell me please? They say that debt is bad money. And that the money created by Satoshi is good money. But where is it? Where is this good money?

Why are you ignoring the question?

Yes, bank notes are mathematical symbols printed on paper. 100 TSLA are mathematical symbols and letters in the brokerage account. No shit Sherlock. Tell me something I don't know. But, those symbols and letters is not what people own. They own shares in debt and equity. Mathematical symbols only express how many shares in the said THINGS they own.

What THING do you own by having mathematical symbols next to your electronic address?

Question is of course rhetorical. Because the answer is obvious: no such thing exist. There's no money/asset/digital product called bitcoin or BTC. There's only a software program that attaches mathematical symbols to virtual address, and a distributed database where this is stored. BTC are just letters in the application that reads symbols attached to address.

So, there's no such thing as bitcoin. You are not buying digital asset, you are not investing in something. Only mathematical symbols are attached to your address.

And bank notes are nothing but mathematical symbols printed on paper. They gain value, because people use them as currency. Again, it's as simple as that, but you want to prove us you're right and we're all dumb who pay for a "non-existent thing" as you've also said in the other thread.

You're that guy and I don't care what you say; you tell the exact, same kind of bullshit.

The only thing we can agree on is for mathematical symbols to change next to our address. If I give you food, and the symbols are changed, where's bitcoin in that transaction? The only transaction is me giving you food. You gave me nothing. So, I can repeat the question:

Where's bitcoin if the only thing that has happened is the change of mathematical symbols next to addresses?

This is just silly modern philosophy nonsense.  It is a form of Solipsism.  From its wiki article:



And this part here suggest that it is possibly all just silly nonsense:


Being a part time artist myself I enjoy silly nonsense, and so, it is why I've continued reading this thread.

But, the comment that DaveF posted, which I quoted above, is really the most pertinent comment in this whole thread.

Incorrect.  Someone with 0 BTC gains no tangible benefits.  If they have no bitcoin, they can't spend any, meaning they would have to spend something else.  Using something other than Bitcoin like a credit/debit card, PayPal, ApplePay, etc means relying on private companies.  So their transaction could be reversed or their account could be frozen.  They may not be permitted to send funds to the intended recipient. 

Just because you're being willfully obtuse and refusing to acknowledge the reasons why people appreciate Bitcoin and what it can offer them, the fact remains that plenty of people do recognise the benefits. 

Consider finding a new hobby.  Every new account you register here is just another manifestation of your ongoing failure. 

Yes. If both of us agree that Bitcoin is money, then we can start exchanging stuff for bitcoins.

You give me food, I give you bitcoins, so there's the food. Same happens with every currency, why shouldn't it happen with Bitcoin?

What is meaningful? Where are the transactions in the bitcoin system?

A transaction is a completed agreement between a buyer and a seller to exchange goods, services, or financial assets in return for money.

Where's good, where's service, money, asset... if is the only thing that's going on is the change of numbers next to addresses?

That's exactly where you are completely wrong dude. You think you can transfer the same BTC to different addresses but you cannot.
That's just one basic difference I have highlighted whereas there are many differences between bitcoin and the traditional messaging system.
I feel pity on you that despite so many people trying to correct you where you are wrong you still think you are wiser than the others.
But it's okay to think that way because that is what newbies do.

I was wrong when I said that bitcoin is a number. It's not. Number is a number, a mathematical abstraction represented with symbols(0-9). So it is impossible in principle for bitcoin to be a number. In this topic I realized that there's no such thing as bitcoin. When someone says that they bought bitcoin all they can show is change of symbols in their address. So, nothing was bought. Changing "0" into "1" is not a purchase of a thing. So, indeed, there's no such thing as bitcoin. There's only the system that changes and stores numbers next to virtual address. And a lot of misinformation. That's it.

It's meaningful if we both agree it is. It's as simple as that.

If they later find others who're willing to give their goods & services for a currency that is controlled by no financial institutions, it is called freedom. Monetary authorities are run by people who may abuse their position, against the rest, for their own benefit. They're central points of failure.

Humans do mistakes, whether those happen on purpose or not, and those mistakes have consequences. However, if a financial institution (such as a central bank) does a mistake, its impact is potentially on the entire economy. And it is highly likely that people will, sooner or later, abuse their power.

It is clear that you haven't understood the basics. Censorship resistance comes from the lack of feasibility to reverse a transaction, not to change symbols on addresses.

Just click ignore on the OP and move on.
This 'bitcoin is just a number' thing keeps coming up, and we keep responding to it.
It's probably just the same troll or couple of trolls who have no money or job or anything else, who will never be able to get anything never mind any crypto and just come here to ramble on.
That or conspiracy theory nutcase. Either way, just ignore them and they will go back to just sitting in their parents basement not bothering anyone.

-Dave

So let me get this straight. You gave your property for free to someone. After that, mathematical symbol "0" was swapped for this symbol: "1". And that means you are "free". I agree, you are free of your property. The fact that no one is able to change a symbol in your address, making it censorship resistant, is equally true for the the address with symbol "0" - that address is censorship resistant. Further, a guy that holds that address, also enjoys financial autonomy, monetary sovereignty and freedom. So you gave your property for free only to have something that a guy with 0 BTC also has. Nicely done. Keep giving.

Censorship resistance,
Financial autonomy,
Monetary sovereignty,
Freedom.

People used to say money can't buy those things.  Bitcoin proves them wrong.

And as the icing on the cake, a hedge against inflation and a distinct likelihood of increased purchasing power later down the road.

You are ignoring facts again, like everyone else here. To stop all this ignorance I will ask you one simple question: what did you purchase if the only thing that happened in your bitcoin address is a swap of mathematical symbols? For e.g., symbol "0" was changed into symbol "1". So, what did you purchase?

So you agree with all my points. And then you proceed to be really silly about it. Of course there are no ownership rights on numbers. Or on paper, which deeds are written on. "You want to pay for numbers" is as accurate as saying "you want to pay for tree pulp" or "water".

I am not purchasing any numbers, by the way, I am getting paid by people with these "numbers" as you call it and selling it to people who clearly see value in it, and at the end of the day, we all assign value or accept value assigned by others. Tree pulp, numbers, seashells, earth metals.

You, me, we all pay for "numbers" when we go online and send these posts. Bits or bytes, or 0s and 1s.

If it really is as you say, why not go and create your own numbers in an instant then and spread it and show us you can do it. 1000s of shitcoins prove your statement wrong.

Do you know that the only difference between a bitcoin address that has zero bitcoins and the one that has for e.g. two bitcoins is in mathematical symbols? The first one has this symbol: "0", while the second one this: "2". So, when a person pays $80,000, the system just marks that person's address with a different mathematical symbol. Try to think about that for a second. The person didn't get a building, vehicle, land, shares in equity or debt, software licences, commodity or patent after paying so much money. Only a symbol was changed in their address. When a person says: "I bought two bitcoins", that's a lie. It's a misinformation. Nothing was bought. Only a change of symbols happened in their electronic address. "0", was changed into "2". So, where are this person's two bitcoins? What the person got after paying $80,000? Well, nothing. You people live in a giant investment utopia. You think that you invested in something when in reality all that has happened is the swap of symbols in your electronic addresses. You are paying a tone of money because the system of an anonymous guy swaps mathematical symbols. It's literally unbelievable how easy is to fool people into handing over the money.
So, you're the second person who thinks I am someone else. Interesting. As for your reason: "bitcoin is meaningful". Where is your bitcoin if after paying $40,000 only the swap of symbols happened in your electronic address? This: "0", changed into this: "1". What exactly is "meaningful"?

Hmmm is so borning on reading the whole thing,however the secret could be how you invest if you lose or you gain is all bound back on business if you wish to invest in case if the secret is the bad one or the good one for that matter

This does remind of a quote I recently learned, which seems apropos here:

Yes, it's this guy called "Antithesis" who dislikes that we're dealing with a different kind of currency they disapprove of. They find it irrational as they say, to use Bitcoin, because there's only "faith" that some will accept it in the future while fiat is legally enforced (AKA "faith in the government"). It has been repeatedly told them that Bitcoin is meaningful, but they deny any opinion other than theirs.

There's no reason for discussion. They didn't, don't and won't ever understand.