Topic: How Satoshi Nakamoto Fooled the World - page 41. (Read 8968 times)

Some forks have misunderstood the Bitcoin concept and have decided to spread misconceptions of the general function and operation of Bitcoin, how can a person say bitcoin is like an SMS that is a transmission of messaging simply because Bitcoin value can be transferred over the network the of the chain.

I will advise you to get a deeper understanding of Bitcoin and try to get rid of the misconceptions you have on Bitcoin and reposition yourself for better knowledge.

Of course yes! Bitcoin is a number. Check what you receive to your bitcoin address - a number. Let's say you received "5". I can transfer the same number to many electronic addresses through many different messaging systems, the same as someone would send you this number through Satoshi's messaging system. In the same sense, I can send the word "Hello" through many messaging systems, but not through Satoshi's one. That's because Satoshi's system is a primitive one - it sends only numbers.
If I would send you a number through email messaging system, you as a recipient would become the owner of that number. If I would take a piece of paper and write down a number I would become the owner of that number. Now, the question is, why would someone pay millions of dollars to become a number owner if they can get it for free?
Bitcoin is a number. If you want to call a number a property, I am fine with that. It's semantics. Essentially, what I have claimed is that I would never traded property that can't be created out of thin air, fot the one that can. Numbers are created out of thin air.  Meaning I can get them free of charge whenever I want. However, those that have numbers in their bitcoin addresses, ask money for them. I would never give money for something I can get free of charge. That's the point. So, my logic is pretty clear, simple and sound.

Banknotes represent debt that the banks owe to holders of these banknotes. Watch the video. Debt cannot be created out of thin air. But out of loan contracts, collaterals and bank capital.

Regarding your claim that if something comes with a cost in order to use that means that's the value of it. Bitcoin doesn't come with a cost. A simple code creates it out of thin air. Just because there's a protocol to provide POW before the creation, that doesn't mean the creation is not out of thin air. I can set a protocol that I will send you a number via email system only after you provide me a proof that you traveled around the world in 30 days. Would that mean my number has value equivalent to your traveling costs?

That makes a lot of sense!
Before that, you claimed that bitcoin didn't represent anything like property but now you claim you have to give something of value in order to send something that was free is not free but it is actually free.

I can't even picture how twisted your logic is if you don't realize that in order to send me some bitcoins you have to pay the value of those bitcoins and it will be the same for me when I try to use it, the same stands for your bank account and there is no difference here, the same stand for eveything! Banknotes are just pieces of paper with numbers on them, they are not free, I can print you a xerox copy of one but it won't have the same value just like testnet bitcoins are nearly worthless.

How hard is it for you to understand that if something comes with a cost in order to use that means that's the value of it?


No, you don't otherwise you would have proved us all wrong and sent each of us a million coins.


A pretty simple way to prove it.
You can start sending me 10BTC as many times as you wish, I could still buy a Porsche every time you do that.  

The op makes an... original comparison, I guess, but like others, I disagree with it. If BTC is sent from one wallet to another, the recipient is now the owner. It's even more so than when people use bank accounts, actually, because one could argue that it's technically the banks owning money and the ownership barely gets transferred. Also, SMS is technically private (at least, if I send SMS to someone I know, regular people can't just look it up), whereas Bitcoin transactions are public, one can see the transfer from one address to another all over the world.

I am not the person you are talking about. Regarding the value. I think nothing about the value. I am simply saying that the THING that you receive to your electronic address via bitcoin messaging system is exactly the same as the one you can receive to your electronic address via the email system. That thing is called a number. It's not a vehicle, equity, real estate, debt or a license. It's a number. I can create numbers out of thin air, and send them to you free of charge. But if you prefer numbers that Satoshi's software creates out of thin air and if you want to spend a tone of money to receive them to you electronic address, that's your choice. You can do whatever you want.

Assume that you have a message.
You can forward the same message to many different people.
But can you do that with bitcoin ? Can you transfer the same bitcoin to many different people ?

Ofcourse not!
I wouldn't say that your theory is absolute shit although I think it is but since you are a newbie I will advice you to read more about bitcoin.
Get a grip of it's basics and learn more about bitcoin for beginners.

They have already stated that they have zero comprehension of what is going with bitcoin here:


Apparently, what this person has missed is that many do comprehend what is going on with bitcoin.  This forum is filled with such people.  I'd suggest, as have others, that for those who are new to bitcoin skip this thread and try better sources when first learning about bitcoin.

So you indirectly admit that you are the same person who already presented the same ideas some time ago - did you forget the password from that account or? Your theory might be interesting to the kids in kindergarten, for everyone else it's total nonsense - maybe one day you'll realize some things, and maybe not.

If you think that 1 BTC in your non-custodial wallet is not worth more than the usual number 1 presented on the screen, I suggest the following: draw a sunset and live in the belief that you have something more valuable than 1 BTC. You have not revealed any great secret but perhaps one of your greatest nonsense in life.

I am not here to read your reasons for purchasing numbers or to read your explanations on how Satoshi's messaging system operates. I am here to present the discovery that bitcoin system is not a payment system and that bitcoin is not money. That's all.

So... You're trolling right? And it seems we, as a community, have poor impulse controll. Instead of ignoring, we just have to continue to explain everything to you because we don't want newbies to fall for fake info... sigh...

I don't mind explaining a thing or two to somebody that has genuine intrest in our ecosystem, the technology, the practical implication,... but this thread seems like a waste of time (i'm going to ignore this thread in a minute anyways, so you don't have to respond, odds are i won't read the reply anyways).

I guess you'll have to revert to only accepting payment in things you can eat, burn, use as shelter, or you can wear... Everything else is either useless or is only usefull to obtain something to eat, burn; wear or use as shelter.

Bitcoin is a number. Numbers can be duplicated. Here you go... "100". Now, take a look at the bitcoin address of a guy that bought 100 bitcoins. That what he received is the same thing I just created. For comparison, try to duplicate a Porsche or a diamond that someone recieved after the purchase.

               Come on guys don't be too harsh on the guy. Maybe he just honestly doesn't know and believes he is doing something really helpful for the community. But regardless, you op, should always try to fact check whatever information it is you are trying to spread regardless of your reasons. Hope this serves as a lesson for you. Good thing that lots of people here know better and gave enough fck to tell their thoughts which prevented other newbies like you to be misled by your false information.

Too bad you have to make another story about Bitcoin to convince people here that it is like a simple sms. If that were the case it wouldn't be valuable till this moment of time, just think about it, it can't be printed and duplicated. Oh my, this is another FUD for Bitcoin enthusiast here, so be prepared to take their bite.

Yeah, and you are still talking about numbers. There are no ownership rights on numbers. When you calculate 1+1 you're using numbers and you are not required to pay something to someone. Nobody owns numbers. Nor you need someone to secure them given you can create them in an instant when you need them. You people are spending money on something that you literally can create in whatever amount whenever you want. But hey, it's a free world. You can do with your money whatever you want. If you want to purchase numbers, go for it.

How can I achieve creating numbers? By using my mind. Wait... i just did, and now I am going to use symbols to represent my creation: "1,000". There you go, I created that number out of thin air. Just like Satoshi does. If you want I can send you that number to your email address. For free. Or you would rather want to pay millions of dollars to someone else to receive the same number via Satoshi's messaging system?

That's not entirely correct! I won't go into the details here, but what you described it's not always the case... They still have to compete with other miners ^{[e.g. pools and solo]} and depending on their setup, they might get nothing for those efforts.

Can you show us how you can achieve the latter part?

I love how you compare Bitcoin to SMS.

I could send an SMS to a number, and anyone could be reading it, and I could even have no control over whether or not the message is seen by others, or even delivered.

When you send Bitcoin to someone, you actually sign over ownership of that data. I send you 1 BTC I actually authorise to transfer ownership of that 1 BTC from me to you. And I know only you get it, only you can access it (unless you shared your access or you use someone else's access).

Anyone with an objective eye will come to the same conclusion. You literally are buying a number. You are not buying equity, real estate, vechicles, software licences, debt... You just receive a number to your electronic address via Satoshi's messaging system. That's a fact so simple that even a child can understand it. What nobody can understand is why people are paying millions of dollars for receiving numbers. That's a mystery beyond human comprehension.

You're the same guy who asked us to convince him to invest in Bitcoin some time ago, because he thought he was just buying a number on the screen - and he compared the whole thing to a picture of a sunset? Even if you are not the same person, you share similar opinions, so I suggest you get in touch and maybe try to monetize your ideas in some way. I also have a suggestion for the name of your association, Sunset Guys

Well, there's no problem in saying that there is buying and selling going on. But still, you "bought" a number. You gave money for something that you can create out of thin air. For free. Though the bitcoin system you receive numbers to your private electronic address. I can send you numbers to whatever electronic address you want, through whatever messaging system you want. For free. For example, through SMS or email system. Why would you pay an enormous amount of money just because you will receive a number via Satoshi's messaging system? And why would you need to protect something that you can make on your own in an instant or receive for free?
Numbers are non physical stuffs, and they are real, and they're valuable given we use them daily. But they are free. In the bitcoin system, people are paying money to receive numbers. That's the bizarre thing I am describing in my discovery.

Are you a kind of people who think non physical stuffs isn't real and there's no value at all? Well nothing surprised that's why you're really love fiat and your banks.

Though no one can see how the real form of Bitcoin on digital can be viewed when you move your coins or holding on your wallet, but anyone can see the transactions and no one can manipulated that (even double spend is possible). Bitcoin blocks (transactions and amount you made) are recorded permanently and it has been verified by miners, that's why you shouldn't only trust whatever you see on your screen, but you need to verify it.