Topic: How Satoshi Nakamoto Fooled the World - page 8. (Read 8965 times)

Its a fair point, if anyone could just make up numbers, there might be too many. So the solution would be that only me and Snowshow can create numbers on Viber, and we will send them to a few contacts who can distribute them for us. To verify theyre using only the allowed amount of numbers, we will make sure that 1% of their numbers will stay in reserves with us, this is enough to make sure the system wont collapse. And then new numbers can also be created trough loans given by our contacts, people have to repay that debt every month by sending enough numbers back to our contacts. That is enough to provide utility to people. With these numbers you will be able to get hookers, lambos and blow in return, as these are the most important resources. Anyone that questions that this system is not legit, is a cultist promoting a different, worthless, numeric dumping scheme, as only our solution can provide utility and has resources. Then you can compare the degree of utility of our resources(hookers, lambos, blow) with other resources, and then know for how much to exchange it for. So our system is backed by both debt and our reserve resources. It just works, when you follow Snowshow economics 101, nothing could go wrong here, as we just followed what actually matters for money.

We will give you a huge amount of the supply beforehand, then will print 20% more numbers every year and then just give most of it to people close to us, like you, so dont worry about specific amounts, this effect will be called trickle down economics, and it will benefit everyone in society equally in the most efficient way possible.

There are some available for half of that i think.

It feels bad the the whole concept of a thing is totally misunderstood, yet OP keep repeating jagons of which I don't know if he's been paid to disrupt the calm or its a personal error from self and overknow which amount to knowing nothing, if you need to be clear about this, google what bitcoin is online and have a look at the list and number of those that are investing on it who were people of high reputation and consider the rate of how its been used on a daily transaction and payments, i still don't know what you lack about bitcoin being a digital currency, Satoshi came up with this for everyone to benefit and not for his personal interest, if I were you, all i will do is to just give it a try and see if all been said about bitcoin is real or not.

I feel kind of bad just making up numbers, but it is empowering at the same time.

It seems that if I were to run out of numbers under the system that you and Snowshow have highlighted for me (team Snowshow/tadamichi  - sorry I had to put Snowshow's name first - he seems to be the brains behind this operation), then I can just make up new numbers.. so I am not 100% sure if it would make a difference if you send me another billion numbers of not. I suppose you could send them and then I will see if it helps to bring me more material value in the world... like the important things:  hookers, lambos and blow. 

Once you send me the numbers (the billion or whatever it is that you decide to send me), then I will try to see if I can use the services of the first one on my list of consumption goods.. Maybe I could send something like 10k numbers to her and see if I can get her to come over for the day.. and we will spend the day together shopping for a lambo  (while doing blow of course), and I will still have plenty left from the billion of numbers that you sent me, no?   

I know a lambo will probably cost more numbers.  Maybe they would want like a million numbers or more just for a lambo. Have you and Snowshow figured out how many numbers I am going to need to get these things?

With Bitcoin, at our current market rate of $21k-ish, it's going to cost me something like 25 bitcoin for a decently nice lambo (let's say with a market price of $500k-ish)... Of course, I can consider that I may well have been able to get those 25 BTC for anywhere between $250 to $1k per bitcoin between 2014 and early 2017.  I am not saying how many bitcoin that I have, but I am saying that something like 25 bitcoin could have been purchased fairly easily for between about $6,250 and $25k between 2014 and early 2017. 

Of course, Lambos are not stable in their prices either... so they have likely gone up in price, but if we hold the Lambo price at $500k, I would have only needed 7.25 or so bitcoin to buy a $500k lambo in November 2021... so yeah, bitcoin value (market price) fluctuates with the passage of time too, and how much I can buy with one bitcoin now as compared to what I could buy with it last year or even 5 years ago.. and surely we are going to have fluctuation of what can be bought with bitcoin as compared with fiat into the future, too.

Did we just discover a financial revolution? And snowshow just tried to get us there all this time? See JJG i dont know with what amount your personal f*** you status is reached, but ill just send you 1.000.000.000 to make sure. We broke the system, Snowshow just couldnt understand how we didnt realise this earlier and were still bothering with Bitcoin. Viber is the revolution.

That's an interesting way of framing the matter, tadamichi...

You may have inspired some people to begin to feel like sending a few thousand numbers to each of our friends and family members.  

And, sure I do not have a lot of friends, but if I just start to go through my phone contacts and expand my definition of family and friends, if I just keep up the practice and continue to expand the people on my send list and maybe even give bonuses numbers to some of the special ones, after a while I might be able to get up to sending millions of numbers, just by sending a few thousand at a time.  

I am quite sure that the recipients of my numbers will appreciate my good deed, and they might even be able to forward what numbers I had sent to them in order that other people (unknown to me) might be able to benefit from my having had started out the process of sending numbers to various individuals in my group.

What is printed on a bill? What is being sent when you do a wire transfer? Camels? Why would anyone do wire transfers if they can send numbers on viber or other chat apps? Here i'll send you a 2000 now, lets hope it magically reaches your bank account number. Bitcoin is a payment system, not a random number, how will you design a payment system without numbers? How does what youre saying about numbers have any relevance? Or because Bitcoin isnt mandated by the state its equivalent to sending nothing, is that what you wanna suggest here?

The reason is simple, with 40,000$ in Bitcoin you will be able to acquire resources, with a 40,000 on viber you wont be. And this 40,000$ is put in a system with the properties we mentioned many times now(censorship resistance, limited supply, not confiscatable etc). While the fiat system has worse qualities, to just store these 40,000$ in a bank account, with risks we also already mentioned.


If there was something to correct with what I’ve said, you would’ve done so. I dumbed it down on purpose. Is fractional reserve banking a conspiracy theory? And the minimum reserve requirement the ecb set, too?

This isnt relevant to people who deposit their money into a bank. What if there was negative interest rates and youre loosing money for depositing it, how is it still beneficial? Because this is already happening where im from.

There is utility in the banking system, but the abuse got out of hand, that is the point. It could work perfectly, if trust wouldnt be abused again and again. In essence what i said was, that deposits arent fully covered/ insured anymore, ofc its more complicated than my previous post made it seem. In a bank run only the first few people will be able to withdraw their money fully, because its not fully backed. When a bank goes bankrupt the borrowers are still ofc obligated to repay, but there is a systemic risk now for any big bank going bankrupt, this would have snowball effects. Ever heard of the term too big to fail?

It's called providing meaning, substance and context to a Snowshow world that would be vacuous if it were to not have such context.

You should be thanking me for my efforts, rather than whining about such efforts, and for sure, since we are in a public thread, people deserve to receive decent, meaningful and actionable information rather than listening to your negative nancy largely uninformed baloney that largely tells them to stay on zero when it comes to their bitcoin allocation of any investment portfolio that they might have... Actually if they listen to you, they might not even have any investment portfolio if they cannot even identify and/or figure out what is valuable.. or at least to have some value allocated towards investing into  BTC.. 1% to 25% to start seems a good start.

You are likely to be whining and kicking ur lil selfie even more in 10 years and thereafter if you don't get ur lil selfie some of dee cornz at these likely to be low, low prices.

This is not financial nor psychological advice; you are responsible for your own balancing decisions in these regards... and if you believe that it is best for you to stay at or close to zero.. then you are the one in the best position to figure out those kinds of balances.


You seem to be the one trying to defend the fiat system, Snowshow.  Maybe you are worried that value is going to continue to gravitate into BTC?  More and more people seem to be figuring out that value continues to gravitate into BTC...


I wonder how much any of us needs to know very many of these details in order to recognize and appreciate there is value in having sound money, and surely bitcoin seems to be the soundest of money currently in existence.  

Sure there are a variety of ways that money is abstracted away, and people have difficulties understanding the so many ways that money is created and even how it gets value and what it is backed by.  Sure some folks still believe that the dollar is backed by gold, and surely if it is not backed by gold then it is backed by some kind of productivity of the overall economy and other national assets, and even the military prowess - but then in many of these regards, fiat money, such as the dollar, ends up having tendencies to be so lacking in transparency, that people (normies and even more sophisticated peeps) frequently are not going to be able to understand and/or recognize how extensively their purchasing power is being errored away in terms of the various ways that money supply is increased - like getting taxed and not realizing that they were taxed, but then seeing decreased purchasing power and other ways that supply chain systems get messed up when there are various kinds of interventions and difficulties to identify who might be to blame or how to fix and at the same time having logical conclusions that there needs to be incentives built in to systems to inspire people to work or products to be made or even commodities to be made available to be put into a consumable state.

Bitcoin is not completely detached from the various ways that systems are screwed up, and surely we are going to continue to have parallel value systems that are in place and evolving in the coming years, and if you place all of your value into the various fiat systems you may well be able to survive and even possibly thrive - but surely many of us bitcoiners have our doubts  in regards to keeping all of our value in various fiat related systems, and surely there are differing opinions regarding how much allocation would be prudent and reasonable to keep in bitcoin, and so allocation levels are likely to differ depending upon if any of us have been in bitcoin for a long time versus just getting started into bitcoin..

I think that it is reasonably justifiable to have anywhere between 1% to 25% allocation into bitcoin if you are just getting started, but it can take a while to figure out a strategy regarding how to accumulate BTC and how to change allocations if you have investments in other assets/currencies.

For someone like you Snowshow, you are perhaps a lost cause, but for anyone else who might have a lot of reservations about bitcoin, the decision might well be prudent to at least get the fuck off of zero, and do not go down some kind of a Snowshow failure/refusal to prepare path.  So even with something on the lower end of the range - of something like a 1% allocation into bitcoin could take a bit of time to get systems set up and then to start to buy BTC.


If you had not noticed, bitcoin has been in the world for more than 13.5 years, and over the years, various systems have been built around bitcoin to facilitate bitcoin being more and more user-friendly in terms of holding it and/or transacting with it.   Furthermore there have been various financial instruments built around bitcoin, and some of these are not really bitcoin, but people (and institutions) make bets on bitcoin, and whether good or bad, the existence of various kinds of financial instruments are part of our modern world.  They are likely to continue to be built on and around bitcoin.

For sure, Bitcoin can be held by individuals and transacted directly or held by third parties, so surely there are ways that bitcoin systems can overlap with various kinds of traditional financial systems including banks, and there even seem to be various kinds of financialization instruments and products built around bitcoin that are not exactly bitcoin, but may well be used to store and/or transact with bitcoin, and surely easy lines cannot be drawn - even though many folks in bitcoin are conceptualizing, building and even wanting to incentivize NOT to be using traditional financial instrument systems with bitcoin in order to lessen and possibly avoid some of the paperization, fractional reserve and rehypothication that can occur through those various kinds of betting systems in which if push comes to shove, then we find out that some of those kinds of institutions (3rd parties) may well not have the bitcoins that they claim to have.  ..

Even though if bitcoin transactions and even storage takes place on the bitcoin chain, there are bitcoin systems that would allow to verify that HOLDers using on chain systems have the coins that they claim, but those verification systems will not work so well when the bitcoin go into side-systems that may well not require coins to be verified... and then the supposed bitcoin, get doubled, tripled or whatever other shenanigans are being played when they are not really on-chain and verified bitcoin.

Surely the bitcoin systems is much more powerful on a monetary sovereignty, transparency, verifiability and sound money level than those various traditional financial systems, but if bitcoin ends up being used in those side systems (that are not verified on the chain and/or somehow pegged to the chain so that more bitcoin cannot be counted), then it would not be easy to proclaim that those side systems are dealing with "real bitcoin," and if the side-system ends up failing because it does not have sufficient/adequate bitcoin to cover all liabilities, then people sometimes might get confused regarding if they are dealing with bitcoin or some fake bitcoin and not realize whether they had gotten fucked by a third party or if they maybe should not have put their bitcoin in such a black (and potentially corrupt/dishonest) box.

Edited: I see DooMAD made similar (and maybe even better?) points in his further response (while I was drafting this one).

Unsecured creditors are not the first in line to have their funds recovered when banks fail.  Savers often lose out.  This is why the FSCS exists.  Stop pretending that it's a magical world of make believe where bank balances are somehow left intact when the company that printed them from thin air becomes insolvent.



Bitcoin is a physical network, a protocol and a blockchain.  It is all the better for not being part of an antiquated and corrupt banking system where private companies have a licence to print money from nothing and only hold 1% of the funds as fractional reserve.  

We've built a better system which does not require placing trust in private companies who can become insolvent and wipe out any money you may have deposited.  Money which, once you deposit it, no longer belongs to you in the eyes of the law.  Anything you deposit becomes the property of the bank.  The balance you think you hold is nothing more than an IOU.

Most governmental services and agencies are useless. They exist for themselves. When a bank goes bankrupt that effects equity and the owners of the banks. But the borrowers are still obligated to repay their loans. And it is those repayments what enable fiat currency holders to get resources (labour, services and products) from the borrowers. In that way, debt in which they invested by receiving fiat currencies, is paid to them.

Bitcoin is a number. It has nothing to do with anything that's going on in the banking system.

I don't know about whichever country you might happen to live in, but in the UK, there's something called the FSCS.  Financial Services Compensation Scheme.  It means an agency set up by the government "protect" your wealth up to a certain threshold if your bank manages to go bankrupt.  If your money were truly guaranteed by the debt which banks create when they lend, as you keep claiming, this service would not need to exist.  The reason it needs to exist is because the money in your bank account is not guaranteed by anything.  When banks fail, account holders are considered unsecured creditors.  And if you have an amount of money in the bank above the threshold set by the FSCS when your bank fails, anything above that threshold is forfeit completely.  Why do you think people invest in things like property or works of art?  Smart people don't leave vast fortunes in the bank where they could be lost.  They buy expensive shit and then take out insurance on said expensive shit to cover its full value. 

Banks can become insolvent.  You can lose money beyond any figure your government are prepared to protect.  Conversely, Bitcoin cannot become insolvent.  This is the advantage of not being a debt-based system.  In turn, this derives a small part of Bitcoin's value proposition.  But no doubt you'll engage in yet more mental gymnastics to try and avoid conceding that point.

By that logic you can sent "0.0001" 200,000 times by using Viber or other messaging applications. This would mean "using the number 2" by splitting it into 200,000 parts. Just like that guy can do in Nakamoto scheme. But... sending numbers is completely free. Why would anyone pay $40,000 or give their car just to be able to do something they are able to do free of charge?

Do you now understand how stupid your defense of bitcoin is?

Regarding the rest. You're pretty uneducated about how the banking system operates. You're just repeating nonsense conspiracy theories. But regardless, the only important point for this discussion is that fiat currencies are numbers that represent the quantity of debt created in the banking system. Debt that is paid to dollar holders at every loan repayment and that in that way provides utility to people. Everything else is completely irrelevant. So here I am not going to educate you about the banking system. But even if I would try to do something like that, this would be a complete waste of time. You're unable to even comprehend the concept of utility in economics, let alone the operation of the banking system.

This just shows how bad you are at checking your own sources. Scroll down a little.

But they barely hold any reserves, only 1% of your actual money in the bank is actually there, this is the current requirement, the rest is just imagination that was created out of thin air, so if youre holding 500€ on the bank for example, only 5€ are actually there. And if you happen to be wealthy only 100.000€ of the account are insured, so after this amount 0€ actually exist in your account, and in a case of emergency its not even clear if they can pay out any insurance, this is just to make it seem like theres any security, so people dont get the idea to withdraw their money.

Like i highlighted above there are just nice sounding stories you just created, something you accuse Bitcoiners of.

I would be willing to for sure, i would even be fine with if he still considers Bitcoin useless for himself, but this extreme blindness about any arguments is just mind blowing. If he would just admit that his arguments were wrong, but he still doesn’t want anything to do with Bitcoin, it would be fine to me. Im not here to force any outcomes, but it’s the basis of his arguments that is completely ridiculous, they got debunked many times now. Just because something has a market, doesn’t make it a worthless dumping scheme, its comfortable to judge something, without looking at it.

The irony is that the fiat system creates an environment were actual dumping schemes are created, im just saying Wirecard, Lehman Brothers, Panama papers, CumEx files, JP Morgan Chase market manipulations, Libor scandal, UBS rogue trader scandal, and these are just a few examples, anyone who knows finance knows that this system is a complete playground for frauds, with billions upon billions in damages every year, and the population is the one paying for it. We didnt even get into companies buying and selling their own shares on the stock market yet, playing with their own investors. How much time did he spend to warn people about this?

This whole financial system is a ponzi scheme, just because they look professional, dont open their mouths in public, and the population has no clue whats going on and gets distracted easily with bs, like bashing Bitcoin instead of actual problems, this bs is still alive. Then theres people here claiming Bitcoin is a ponzi just because it exists on a market, when its actually trying to fix this broken system, all of the fiat bs is just backed by lies and the stupidity of the population. How can someone be so dumb to try to prevent an escape out of this? Self sabotage or conflict of interests?



In the phase we’re in right now, the best use for Bitcoin is probably primarily being a Store of Value, just sit there, be safe, don’t get confiscated and that’s probably already the biggest benefit a good could possibly provide in the current fiat craziness. If we’re thinking about Gresham’s law, why should the “precious metal”(Bitcoin) be used over the cheap one(Fiat) in daily circulation. As long as the bad money circulates, the good money will rise in value so we have no urgency for anything, never fold out a winning hand.

Bad money drives out good money, so what these big blockers suggested really doesn’t matter, as the different utilization will come naturally, when the bad money is gone. Any try to force something to be used differently, like increasing the block size will be useless, like we saw in practice. Hodling might be the best utilization of Bitcoin currently.

Or hes on some government payroll and doesn’t want to bite the hand that feeds him and maybe tries to rationalise his decision in some way, to feel like hes making the right decisions.

But living costs are exploding everywhere, idk how people can still sit here and think nothing is wrong with the current system, my only explanation would be that theyre one of the few that profit from this bs overall, so they became completely clueless.

Sometimes pain will be the best teacher and humans cant resist the urge to try something themselves. It can also depend on the current learning level and people around oneself, it takes some time to realise Bitcoin-only is the way, most dont start like this. When i didnt understand much about Bitcoin and shitcoins, and i first heard the idea Bitcoin-only is better, it didnt come naturally to me, it sounded odd, then i actually took the time to study and go in deeper, and spared myself from shitcoinery. But with superficial level knowledge this will just sound odd and they might not look into it more deeply.


You might be right and maybe in the end we should just laugh about each other, we can laugh at him for not getting it, and he can laugh at us because he thinks were in a ponzi. In the end were all humans and depend on each other, doesnt matter if smart or dumb. And fighting over one one disagreement wont get us any further. We will purchase what we like, and he can purchase what he likes.

Amen, Bitcoin changed the world, not some rainbow nft centralized pos cefi venture capitalist ponzi.


I hope so, initially i just registered on this forum to read some of the old posts, but i never really followed something else. Then one day i logged in and saw this thread and i couldnt believe someone could seriously think this, so i actually wrote a post for the first time. Without this thread i maybe wouldnt be here right now, so atleast i give Snowshow that. And despite this whole thread being completely crazy, theres actually some higher quality posts here than on some other threads. Its not all bad and in the end, its actually kinda funny.

I don't know what part of his OP he edited (you did it today), although that can be easily known with the tools that exist in the forum, but how you intend to discredit SN at least if you change the context of his "hardship" then indicate it, since it is in a certain way disloyal, an answer can be seen out of context.

Anyway, some only needed a brief moment to understand bitcoin and trust, others take months or years, because breaking paradigms or dogmas in such entrenched systems is not easy, but it is good to know that the effect of the technological tool used,  it is running, so no matter how many accept it.

Even though I label you as dumb (as a kind of exaggeration), many of us should be able to appreciate that you do have decent language talents that facilitate your abilities to describe how bitcoin is either worth zero or close to zero from your perspective.  I would imagine that if you imagine that if you have any handlers, they are not necessarily intervening at those levels of your interactions with us - except maybe you compose some of the messages, and then your handler might approve, disprove  or advise edits.

In any event, you are showing that you are not dumb in all ways, but surely you have some tendencies and abilities to be able to dance around such topics, whether you are getting help from any handler(s) or not.

Maybe one thing that continues to bother me remains your ongoing failure/refusal to work within any of the various kinds of framework that is presented by folks who seem quite familiar with various aspects of bitcoin and how it is valuable.  I doubt that any of us are purposefully trying to be confusing rather than attempting to actually grapple with bitcoin in terms of the amazing phenomena that it has been, continues to be, and likely will continue to be into the future.  So, in that regard, you just seem to NOT even be trying, and in that regard, you seem to be ongoingly engaged in purposeful reframing of issues in order to really  talk about how there is almost no fucking way that you are even close to being correct in either your assessments about what bitcoin is, how it got here or where it is going.

I hate to speak for anyone else here, but I get the sense that many of us (including but not limited to yours truly) would be more than willing to work with you if you were providing various frameworks for why bitcoin might not be as valuable as some of us consider it to be; however, at the same time, you continue to show yourself as too damned extreme and contributing to the various kinds of inabilities for any of us to really be able to work with you in regards to any of your points - but yeah, you have had quite a bit of success in getting several of us to go back and forth to show how vacuous various  of your points are which seems to allow us to sometimes be able to reframe the various orientations about various purposes that bitcoin serves and/or various flaws in the valuations of the status quo systems, whether you are wanting to attribute value to the fiat system, or gold/pms or even to equities or property. 

Sure there are various ways that the various status quo systems have value too, and it seems quite likely that our ongoing transition into bitcoin is going to continue to take a long time because it is not even clear to people sometimes in regards to how some of the various status quo money storage or value transmission are inferior to bitcoin, and sure bitcoin is a work in progress too, at least in terms of some of the usability matters (user-friendliness).  It seems to me that it is way easier to get into bitcoin these days than it was in late 2013 when I started, but the KYC/AML requirements (and maybe various of other governmental requirements) and confusion about the various leveraging tools and various institutions (and 3rd-parties) gambling with client money creates further complications and confusion in regards to differentiating the holding of actual bitcoin versus having some entity hold it for you (in which they might have ended up gambling with bitcoin that you thought was yours - and they end up creating a lot of paper bitcoin too through some of those processes and employment of gambling instruments)... 

So for sure, Snowshow, the variance between BTC value and BTC price can become quite difficult to figure out.. yet even with a lot of the ongoing chaos around BTC we should not be allowing that chaos to cause us to throw up our hands and give up or to start to listen to exaggerating fucks like yourself - who ongoingly fail/refuse to recognize/appreciate any value in BTC.. and as I already pointed out, I doubt that you are even directionally correct from our current $18,500-ish to $22,500-ish spot price range (as I type), even though in the coming months we may well spend a decent amount of time at or even below the current price range.. at the same time, keeping our eyes on the prize seems to be a good, practical and prudent practice too... which is surely attempting to ongoingly take advantage where we are at and to dollar cost average, lump sum and buy on dips to the extent that any personally tailored strategy has to be cognizant and careful in terms of making sure to account for personal financial and psychological circumstances.


That reminds me of some of the BIG blocker arguments and some of the complaints that some bitcoin HODLers are not using their bitcoin enough.. blah blah blah.

So for sure many of us can figure out that there are a lot of ways to use your bitcoin, and sometimes the intended use can go over a long period of time, and maybe sometimes our intended use (in the future) can become frustrated too.. such as if we die without passing down our private keys... but still does not mean that bitcoin is not useful, even though the HODLer of the keys fucked up by losing (or failure to preserve the spendability of) the keys.


Disingenuine troll fucks tend to be like that... They cannot help themselves.   

Plus they may well be afraid to concede even an inch - especially since they are already standing on weak grounds of their own arguments and claims.


I think that is a good point - even though in practicality it can be very difficult to maintain in practice.  With many folks (real world and even on the forum), I will say, don't be fucking around with shitcoins.. focus on learning bitcoin first.  People tend to feel needs to find their own way, even if they trust you or believe you, there is a certain amount of comfort that comes in tailorizing our own paths even if some of them end up fucking up BIG TIME because there can be a kind of tendency to gamble or even buy into shitcoin talking points which are largely fairly "smartly" designed to take advantage of human tendencies and even come off as convincing points that end up resulting in the parting of fools from any BTC/value that they might have been able to accumulate/build.  Some folks are better than others to both avoid the pitfalls and engaging in meaningful critical thinking and decent risk management - and I am not even going to claim that I have been able to avoid some of those poor gambling experiences along the way or less than desirable risk management.. or even having some holes in the critical thinking (maybe even allowing some emotions to fog good judgement from time to time).


I have quite a few doubts about Snowshow having psychological or medical conditions that are contributing to his inabilities to address a vast majority of the points and/or frameworks are pointing out. 

In other words, it does not seem to be a good use of time to even attempt to convince Snowshow or even to hope that he addresses any of your points. .but instead - hopefully provide a framework or discussion points to present matters clearly for yourself and/or for readers of the thread (to the extent that there are any?) We all have time and energy limitations, and might not even want to read some of the responses after a while.. so if Snowshow happens to be snot-nosed 14 year old in grandmas basement, he may have all the time in the world to spend on some of his topics, until grandma makes him take a break to make sure that he eats his cookies and drinks his milk.. and sure he is chuckling the whole time (laughing at his own jokes) because he has difficulties controlling his lil selfie.. whether a normal peep or not.

Snowshow might look kind of like this, and I am not even conceding that I believe that he has any kind of psychological problems or a medical condition.




Fuck crypto.

Even Snowshow has conceded that he is talking about bitcoin here.. not shitcoins or "crypto" - whatever the fuck that means?

No need to distract us into believing that we are talking about crypto in this thread, because if that were the case, then maybe Snowshow would have a point about the going to zero claims in regards to the overwhelming majority of that shit.

Bitcoin is another story.. so better that folks figure that out, including you selezneve.


For sure Snowshow comes off as disoriented and retarded from time to time... but he likely knows better than that, and he likely knows that he is lying.

In other words, if Snowshow had created this thread a self-moderated thread (in which he could delete posts), he would have been hard-pressed to receive any responses within the thread.  No one would have wasted their time.

Since Snowshow created this as an open thread, he has no fucking power in regards to proclaiming his dumbass shifting proclamations of relevance.  Sure he can close the thread, move the thread and/or edit his own posts, but he has no power over the posts of responders beyond reporting them - and I doubt any of us are breaking any forum rules, even if we might sometimes be using some strong language in the direction of that mostly disingenuine dweeb.

Anyhow, my point is that he is overclaiming his powers, and good luck getting any of us to participate if you create a self-moderated thread on this topic or some variation of it. 

By the way, I believe some forum members remain surprised that Snowshow has been able to participate as long as he has, so far, without getting banned... moderators may well be either slacking or just allowing the harmless little dweeb to stay since he seems to be mostly staying in this thread, for now.   

Anyone willing to pay me 1 satoshi every time Snowshow says 'Bitcoin is just a number' or 'Satoshi scheme'?  I would be a Bitcoin millionaire in no time with this repetitive parrot around.

Can not believe how delusional someone can be.  Thought you were trolling at first, but now seems to be more of a mental issue instead.

If we are talking the Bitcoin 21M cap is not scarcity and metals are scarce, then it is a little contradictory.  Because just like you say Bitcoin's supply cap does not really exist, I can say that a trillion ounces of Gold can always be found on another planet.  Or, maybe even on ours.  Since new discoveries keep being made, what could stop us from being able to successfully turn whatever material into Gold or maybe even Oil a hundred years from now?

We currently define whether an asset is scarce or not based on current knowledge of our world and the Universe.  That means, any new discovery could turn everything you say Debt is backed by from scarce to, maybe, even unlimited.  But while the scarcity of real assets could be drastically changed by new scientific discoveries, in mathematics it is about impossible someone will be able to successfully and legitimately prove 1 is not 1 and 1 + 1 equals 2 even a thousand years from now.  The difference between what you keep repeating like a parrot and what I say is, math is exact science.  And if we set Bitcoin to be capped at 21M, thanks to math, with our current chain there is no way we can have a 21,000,001st Bitcoin existing.  It is precisely capped, there is a supply limit.  You could create a second version of Bitcoin with 21 trillion coins instead.  But you can not move my Bitcoin, you can not send me your fake Bitcoin or make the real Bitcoin less worth than it is and you surely can not fool me or anyone else into believing your fake Bitcoins are like my Bitcoin because there is no way you can send that fake Bitcoin to my address.  With that being said, Bitcoin shows up as a number but it is a system really.

Oh, buddy, that is so easy to turn around.

There are two friends.  One just gave a car to get $60,000.  The other gave a carrot to get $1.  The first one comes to you and asks: 'What utility can I get that will be 60,000 bigger than the utility that my friend will get if no one wants to buy our Dollars?'

That is a simple practical question.  What is your answer?  Except being able to wipe your ass 60 thousand times more than your friend IF the $60,000 are all in bills of $1?  Come on, parrot!  Answer me!  I can tell you what utility the Hungarian Pezos had when nobody wanted to buy them.  It gave a temporary job to some people.  Cleaning Pezos off the streets with a broom.

What is more probable to happen than your theory is, your beloved Dollar bills might actually really be just paper and nothing else at the end of the day.  You say Fiat is backed by Debt and Debt is backed by colaterals.  Is there anywhere in this world proof that all the Debt in the world is currently backed by actual colaterals and not just imaginary colaterals?  Maybe the colaterals you think exist as the backup of Debt are partially real and legitimate and partially imaginary so that you could just continue to falsely believe the Dollar is actually backed by something legitimate?  It seems to me like the Dollar printing machine has gone absolutely wild in the last few years and I am not very convinced the World Debt is legitimately backed by colaterals considering how uncontrollable things have been going in the last years and considering there is no real proof of these colaterals actually existing.

And if you have any proof, show it to me with actual sources.  Because anything we say is to you just worthless opinions while anything you say is, in your world, actual proof.  I am now waiting for your reply, which is going to be 'You keep ignoring this discussion and just repeat irrelevant issues and bitcoin propaganda'.  Wait, now you can not say that.  So you are going back to the first sentence I wrote in this reply or you will just pick a small part of my post and go for another 'argument' which is just your opinion again that, according to yourself, is actually worthless.  Put you in a bit of thinking problem now?  Come on, repeat yourself, parrot!  I know you are tempted to do it.

Last time I checked, and this time I might be very wrong because I can not remember whether it was a rumor or actual facts, the Biden administration was contemplating producing a small coin worth thousands that would have a trillion dollars written on it so they could 'pay off Debt'.  Is this the Fiat you call legitimate?  Because it seems like a trillion more dollars are one button or signature away from being printed at any given time and, long term, this is starting to look more unsustainable than ever.

If that is what you call legitimate, I will continue to live very thankfully and happy with my Satoshi scheme numbers while you can definitely continue to live very thankfully and happy with the ever-decreasing purchasing power of the Dollar.  Meanwhile, I will be sitting here patiently waiting for you to finally prove your points for real.

Then your entire topic is worthless because it began with your opinions that your rotten brain believes to be undeniable proof.

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Regards,
PrivacyG

What I have described is exactly the same thing your shiat coin does. I give you a bill of 20 and you give me something in return that has value to me! And you agreed that the 20 dollar bill matches the value of that something you gave me!
You keep spitting that non-sense about schemes, but the only scheme is the one your proud government stuck in your head for years. That's a scam, you know it, you use it, you acccept it. How dumb can you be!



Let me also repeat what you've been explained countless times, yet you refuse to accept you're wrong. Debt is a number just like any other crap you're trying to put in the air. Collaterals? Another number! You make yourself so silly and you keep repeating! And worse, is that that debt and collaterrals and any other crap you may come up with, is shit that your government creates to suck any value out of you. But once more, you know it, you take it, you accept it! How dumb can one be?

FFS... I'm really sorry for you!

Utilisation just means making use of something, it doesnt matter if it makes sense or not, especially not in your test(its a pointless waste of time, that is not interested in having practical results). You were never interested what Bitcoin really offers in the first place, you never even asked 1 single genuine question and refuse to answer 99% things asked to you.

Youre utilising your time too, even tho it seems like a waste of time to me, with how you are utilising it. And yet im not here mentioning anything about it, because its not my business. It seems more and more to me like you have some kind of mental illness, so maybe i should take a step back. It wouldnt be your fault. Even tho the bs you are producing is just insanity.

You doubted you can use Bitcoin 200.000 times more, if you have 200.000 times more of it, but its possible, thats what i showed you.

In practice your requirements dont even matter, that is the point. You can do nothing with 200.000 bills if no one accepts them, you can do nothing with 200.000 gold bars if no one accepts them. In theory you can make use of gold, but 99% of people cant themselves. And your requirement was that no other person can be involved, because it would count as „dumping of shares“.

But it doesnt matter, because people will always accept fiat, gold and bitcoin. This can vary over time, but wont change anytime soon. This is the point of money, it is not used primarily for some other bs, just like you dont expect your bike to fly. And it gets its value from being used as money primarily.

Now imagine a good:

• With the best monetary properties ever created.
• Inside a system that can transfer/ store information in a manipulation free, permissionless way worldwide.
• With a protocol that cant easily be changed or stopped, because its decentralized.
• With being able to recover your money from anywhere, because its based on cryptography.
• With no person being able to confiscate it from you.
• With being able to become a part of the network yourself without asking for permission.

This just created trustless money in the first time in history. Its already starting to take off, was the most successfull investment in the last 10 years. And were here discussing about if it has value or not, its pathetic and obvious. If you dont see it now, ill stop replying out of respect, if its caused by psychological or medical conditions.

Yes, it's a scheme, it was Nakamoto's plan to introduce a system where people put resources in, and get numeric labels in return. Labels , instead of another type of resources. All fraudulent investment plans use some kind of labels to inform people they joined the scheme. Nakamoto's plan uses numeric labels.

That's not utilization. That's a waste of time. Sending "0.0001" 200,000 times to someone provides no utility to the sender, but quite contrary - he must spend resources - their time. The same is true for opening addresses and channels. So, the guy gave up his car, and in addition to that he must gave up his time on performing useless activity. And this is how bitcoin provides utility to the guy. Hahaha. You are literally out of your mind.

So, this person Nakamoto invented a scheme for giving numeric labels to people when they join the scheme by putting it their resources. And you, instead of acknowledging that this is not a payment system but a traditional investment scam with a modern way of labeling members, write endless rants on these labels like they are some kind of gift from the sky. Crazy. You're even comparing these labels with the metal that provides utility to people for thousands of years. Which is even crazier.