The Bitcoin Paradox - a Simple Online Scam Honored as Deity - page 5.

coolcoinz

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Quote from: Snowshow on May 11, 2022, 04:58:25 AM

Quote from: coolcoinz on May 11, 2022, 04:42:36 AM

You have 1 subscriber on your youtube channel, OP, good job! I can see the message of hate is getting where it's supposed to.
Did you make all this effort to make an account here just to tell us how stupid we are believing in a scam?

I know you don't like it, but what's the purpose of going to a concert to tell people that the band sucks and they should leave?

It's not that. It's telling people that there's no band, no concert and that the tickets they're buying are fake.

What does it mean "fake"? I can see the band playing, I can hear the music, so do all the people present at the concert. Suddenly one guy comes and starts persuading us that there's no concert.
Sorry, but you need to consult your doctor.

I've done numerous transactions with Bitcoin. I was paid for work, I paid other people, I bought stuff online directly, I've bought it indirectly (gift cards), I've exchanged it for various fiat currencies.
You're wasting your time. I'm sure there are groups where you'll make some impact, but not here.

NotATether

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bitcoincleanup.com / bitmixlist.org

I am starting to think that these posts are being written by the same person but with different throwaway accounts, but I'll debunk this one too, anyway.

It reminds me of another person who was babbling about quantity a few months ago.

Quote from: Snowshow on May 10, 2022, 12:33:08 AM

tl;dr
The illusion is created by misusing the concept of quantity and name. ... By writing down numbers and names, the crypto systems create the illusion of assets(money). In that way, they deceive people and trick them out of their real assets.

False. Quantity is valid electronically as it is physically. Take your bank account for example. It *only* exists in numbers - your money is not backed by an appropriate amount of bank notes, because that's how bnks work. Your money is backed by debts - which are statements of amount owed to you, and are hence also numbers.

Debt in crypto is the appropriate amount of US Dollars (or whatever other fiat currency) that was used to buy the bitcoins in the first place. This is what backs the quantity of BTC.

Snowshow

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Quote from: PrivacyG on May 11, 2022, 01:54:34 AM

Quote from: Snowshow on May 10, 2022, 07:46:22 AM

Bitcoin is a name. You, by having number in a system, are not able to show asset. For e.g, you by having number 1 attached to the addresses, compared to someone that has 0.0001, are not able to show a thousand times more zeros and ones in the system in your possession. Digital asset is zeros and ones. So you own no digital asset. You just have fake number that creates the illusion of asset quantity, as described in OP. Simply, you're the victim of a scam.

This makes me understand you know nothing about Bitcoin. All you seem to 'know' comes from a false reality you made up yourself or believe in. You keep saying Satoshi is scamming us out of our real assets. Tell me, how does Satoshi steal and benefit from my Bitcoin?

Quote from: Snowshow on May 11, 2022, 12:09:02 AM

You can do whatever you want. I am just telling you how things are.

So you choose to impose your mindset over ours. When in history did that ever succeed first of all? Also, can you imagine how this looks like from our side?

Quote from: Snowshow on May 10, 2022, 08:36:24 AM

A scam is when the only possible way for you to benefit from your investment is from funds contributed by new investors. A legitimate business is when you can benefit from the asset you invested in, such as debt (fiat/bonds), equity, commodity, real estate, etc.

Now, answer me: how can you benefit from a number that you have next to your address without new investors voluntarily entering the Satoshi's system?

Easy. Bitcoin is what now, $30,000? Down from what, over $60,000? Did investors leave when this drop happened? You have to learn how market offers and demand work. If you think Bitcoin is a Ponzi scheme, you got this wrong all the way. Read the Whitepaper once, word by word, and you will know it is not. But you rather choose to believe in a fantasy.

Quote from: Snowshow on May 10, 2022, 08:45:52 AM

I provided you evidence that bitcoin is a scam system that creates the illusion of asset. You ignored all the evidences, and started to talk about irrelevant things. You're not even responding to the theme of the topic.

Quote the 'evidence', please. I do not see any, just a conspiracy, unless I missed it all.

-
Regards,
PrivacyG

Satoshi benefits from people's real assets that they transferred to him/her in the exchange for the units of his imagined quantity which were attributed to the addresses they initially created. From bitcoin, no one can benefit given this is just a name invented by Satoshi. It's assets from what people benefit. From debt they benefit when the debt is paid. From commodities when they are built into products or utilized as energy. From capital/equity when it is used to produce goods and services. From real estate people benefit by having a place to live or use it as a raw land to farm. Etc. Etc. Satoshi created no asset. He created a name(Bitcoin) and a number (21 million) to use them for creating the illusion of asset and in that way trick people out of their real asset. It is mind boggling how vehemently you people defend that scammer.

As for the evidence, the whole OP is the evidence.

Snowshow

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Quote from: coolcoinz on May 11, 2022, 04:42:36 AM

You have 1 subscriber on your youtube channel, OP, good job! I can see the message of hate is getting where it's supposed to.
Did you make all this effort to make an account here just to tell us how stupid we are believing in a scam?

I know you don't like it, but what's the purpose of going to a concert to tell people that the band sucks and they should leave?

It's not that. It's telling people that there's no band, no concert and that the tickets they're buying are fake.

coolcoinz

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Activity: 2814

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You have 1 subscriber on your youtube channel, OP, good job! I can see the message of hate is getting where it's supposed to.
Did you make all this effort to make an account here just to tell us how stupid we are believing in a scam?

I know you don't like it, but what's the purpose of going to a concert to tell people that the band sucks and they should leave?

Snowshow

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Activity: 252

Merit: 1

Quote from: so98nn on May 11, 2022, 01:14:58 AM

Quote

But in reality, fiat money is a debt-based asset. Numbers, on the other hand, just represent asset quantity. Meaning, when people hold banknotes or deposits, the borrowers owe them economic benefits in the form of goods, services and labor. The holders invested these benefits in banknotes or deposits, that were put in circulation with loans. And that is why, borrowers are forced (via mortgages and other liens) to trade goods, services or labor with the holders, to be able to repay the loans.

Bitcoin is mined, miners use the energy, miners pay the electricity bills, miners do the proof of work to embed the transactions on blockchain. Mined coins are used in monetary system for the circulation, that includes trading, lending, staking, exchange of different coins using bitcoin and even withdrawing that money to the bank account.

This is where the bitcoin world is merged / linked with the real world banking system and therefore I see no difference in using bitcoin or fiat?

Though I read through the arguments up here, I just could not resist but had to explain how I look at the bitcoin and how its not a "paradox". Peeps became 10 year old trying to explain themselves the bitcoin bubble which will burst soon but it was never a bubble and things are still pretty perfect.

Sorry, but you're the victim of false narrative. Nothing is "mined". You invest electricity, which is real asset, and then, the units of Satoshi's imagined quantity are attributed to your address in order to create the illusion of some digital asset. But, as I already demonstrated, you own no asset. You, with for example "10" attributed, and someone with "0.0001" attributed are not different in the possession of zeros and ones in the system. And digital assets are of course composed of zeros and ones. It is literally unbelievable how you reject pure facts and keep defending the scammer and their scam.

PrivacyG

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Crypto Swap Exchange

Quote from: Snowshow on May 10, 2022, 07:46:22 AM

Bitcoin is a name. You, by having number in a system, are not able to show asset. For e.g, you by having number 1 attached to the addresses, compared to someone that has 0.0001, are not able to show a thousand times more zeros and ones in the system in your possession. Digital asset is zeros and ones. So you own no digital asset. You just have fake number that creates the illusion of asset quantity, as described in OP. Simply, you're the victim of a scam.

This makes me understand you know nothing about Bitcoin. All you seem to 'know' comes from a false reality you made up yourself or believe in. You keep saying Satoshi is scamming us out of our real assets. Tell me, how does Satoshi steal and benefit from my Bitcoin?

Quote from: Snowshow on May 11, 2022, 12:09:02 AM

You can do whatever you want. I am just telling you how things are.

So you choose to impose your mindset over ours. When in history did that ever succeed first of all? Also, can you imagine how this looks like from our side?

Quote from: Snowshow on May 10, 2022, 08:36:24 AM

A scam is when the only possible way for you to benefit from your investment is from funds contributed by new investors. A legitimate business is when you can benefit from the asset you invested in, such as debt (fiat/bonds), equity, commodity, real estate, etc.

Now, answer me: how can you benefit from a number that you have next to your address without new investors voluntarily entering the Satoshi's system?

Easy. Bitcoin is what now, $30,000? Down from what, over $60,000? Did investors leave when this drop happened? You have to learn how market offers and demand work. If you think Bitcoin is a Ponzi scheme, you got this wrong all the way. Read the Whitepaper once, word by word, and you will know it is not. But you rather choose to believe in a fantasy.

Quote from: Snowshow on May 10, 2022, 08:45:52 AM

I provided you evidence that bitcoin is a scam system that creates the illusion of asset. You ignored all the evidences, and started to talk about irrelevant things. You're not even responding to the theme of the topic.

Quote the 'evidence', please. I do not see any, just a conspiracy, unless I missed it all.

-
Regards,
PrivacyG

so98nn

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Quote

But in reality, fiat money is a debt-based asset. Numbers, on the other hand, just represent asset quantity. Meaning, when people hold banknotes or deposits, the borrowers owe them economic benefits in the form of goods, services and labor. The holders invested these benefits in banknotes or deposits, that were put in circulation with loans. And that is why, borrowers are forced (via mortgages and other liens) to trade goods, services or labor with the holders, to be able to repay the loans.

Bitcoin is mined, miners use the energy, miners pay the electricity bills, miners do the proof of work to embed the transactions on blockchain. Mined coins are used in monetary system for the circulation, that includes trading, lending, staking, exchange of different coins using bitcoin and even withdrawing that money to the bank account.

This is where the bitcoin world is merged / linked with the real world banking system and therefore I see no difference in using bitcoin or fiat?

Though I read through the arguments up here, I just could not resist but had to explain how I look at the bitcoin and how its not a "paradox". Peeps became 10 year old trying to explain themselves the bitcoin bubble which will burst soon but it was never a bubble and things are still pretty perfect.

Don Pedro Dinero

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The first decentralized crypto betting platform

Didn't read lol!

You'd better try to convince people in forums other than this one. If you think you're going to have much success in this forum that Satoshi started, you're in for a treat.

As far as I'm concerned, the only thing you get is that I put you on my ignore list.

Snowshow

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Quote from: pooya87 on May 10, 2022, 11:35:11 PM

Quote from: Snowshow on May 10, 2022, 07:50:49 AM

You're the victim. Try to accept explanations of people that are trying to help you.

Oh you are too kind for hepling us out of the kindness of your heart, after reading your full of knowdgle post I feel so much wiser and want to dump all my bitcoins and run away. If you give me your bitcoin address I will send it all to you and free myself of this illusion.

You can do whatever you want. I am just telling you how things are.

pooya87

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Quote from: Snowshow on May 10, 2022, 07:50:49 AM

You're the victim. Try to accept explanations of people that are trying to help you.

Oh you are too kind for hepling us out of the kindness of your heart, after reading your full of knowdgle post I feel so much wiser and want to dump all my bitcoins and run away. If you give me your bitcoin address I will send it all to you and free myself of this illusion.

Snowshow

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Activity: 252

Merit: 1

Quote from: Rikafip on May 10, 2022, 09:51:01 AM

Quote from: BlackHatCoiner on May 10, 2022, 08:00:42 AM

Stop. Leave this place. Nobody agrees with you.

Antikvark/Fxsurfer/Antithesis and now under new name Snowshow will keep coming back as long as people keep seriously answering to his drivel. He knows that he won't convince anyone in his bullshit like we all know that we won't change his opinion so what's the point in playing another game of pigeon chess with him? He is obviously ban evading but too bad that forum staff is not willing to ban his last few alts.

His last topic had 17 pages, let's see how many this one gets. Over and out.

You have a myriad of topics to discuss the things you're interested in. Why is it that some of you people constantly come to the topics you're not interested in only to start spreading your personal theories on forum users?

Rikafip

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Quote from: BlackHatCoiner on May 10, 2022, 08:00:42 AM

Stop. Leave this place. Nobody agrees with you.

Antikvark/Fxsurfer/Antithesis and now under new name Snowshow will keep coming back as long as people keep seriously answering to his drivel. He knows that he won't convince anyone in his bullshit like we all know that we won't change his opinion so what's the point in playing another game of pigeon chess with him? He is obviously ban evading but too bad that forum staff is not willing to ban his last few alts.

His last topic had 17 pages, let's see how many this one gets. Over and out.

Snowshow

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Quote from: NeuroticFish on May 10, 2022, 08:36:48 AM

Quote from: Snowshow on May 10, 2022, 08:31:08 AM

I gave you logical arguments. You ignored them all and just responded with ad hominem logical fallacy by saying that I don't understand bitcoin.

You described a bank account. You didn't describe how bitcoin works. On bitcoin I don't have to prove an address is mine, I have only to sign transaction if I want to spend.
On bank I have numbers in account. On bitcoin I have inputs that can be traced back to their inception.
So no, it's you who is missing the logic here. And by repeatingly doing that you prove it's you honor your paper deity, while I don't have to add anything.

Have a nice day.

I provided you evidence that bitcoin is a scam system that creates the illusion of asset. You ignored all the evidences, and started to talk about irrelevant things. You're not even responding to the theme of the topic.

NeuroticFish

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Quote from: Snowshow on May 10, 2022, 08:31:08 AM

I gave you logical arguments. You ignored them all and just responded with ad hominem logical fallacy by saying that I don't understand bitcoin.

You described a bank account. You didn't describe how bitcoin works. On bitcoin I don't have to prove an address is mine, I have only to sign transaction if I want to spend.
On bank I have numbers in account. On bitcoin I have inputs that can be traced back to their inception.
So no, it's you who is missing the logic here. And by repeatingly doing that you prove it's you honor your paper deity, while I don't have to add anything.

Have a nice day.

Snowshow

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Quote from: Synchronice on May 10, 2022, 08:28:38 AM

Quote from: Snowshow on May 10, 2022, 12:33:08 AM

But here's the news. It's all just an illusion. A mere narrative. Disinformation and misinformation. There's no digital asset, no money no revolution and no freedom. All there is, is a simple online scam. A scam in the form of a system for creating the illusion of digital asset. The system is designed for one purpose and one purpose only. To trick people out of their money. We will now explain how the scam operates. But first some insight.

It's all just an illusion? Can you argue with me if I say that your consciousness is an illusion created by your brain? If you ask me it's not because I feel when I touch, then have a good deep sleep and tell me about your vivid dreams.

What's your definition of a scam? Governments print tons of money and as a result, prices of everything, including goods and real estate are increasing, while the rate of wage increase is significantly lower. Can you make a conclusion from this? Riches are getting richer and the poor are getting poorer, this is the real scam!

Quote from: Snowshow on May 10, 2022, 12:33:08 AM

But in reality, fiat money is a debt-based asset. Numbers, on the other hand, just represent asset quantity. Meaning, when people hold banknotes or deposits, the borrowers owe them economic benefits in the form of goods, services and labor.

Will it be misconduct if I say: Meaning, when people hold bitcoin, the borrowers owe them economic benefits in the form of goods, services and labor.

Quote from: Snowshow on May 10, 2022, 12:33:08 AM

cut

You don't wanna understand that everything is very simple at the end. Imagine we create an island where only the new generation is born and raised and we teach them that plastic has the value, give them plastic coins and tell that they should work and save plastic coins to get rich and wealthy (and never teach them how to make plastic, just give them limited amount). In this informational vacuum, they'll believe it and work for it.
Maybe it's not a good example to clarify how things work but my main purpose is to make you understand social and psychological value of money.

A scam is when the only possible way for you to benefit from your investment is from funds contributed by new investors. A legitimate business is when you can benefit from the asset you invested in, such as debt (fiat/bonds), equity, commodity, real estate, etc.

Now, answer me: how can you benefit from a number that you have next to your address without new investors voluntarily entering the Satoshi's system?

Snowshow

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Activity: 252

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Quote from: NeuroticFish on May 10, 2022, 08:09:40 AM

Quote from: Snowshow on May 10, 2022, 07:50:49 AM

You're the victim. Try to accept explanations of people that are trying to help you.

So you cannot prove anything by logic, so you decided to ask nicely? Cheesy

Since this has been started, I'll also tell you my favorite quote on Bitcoin:

Quote from: satoshi on July 28, 2010, 09:00:38 PM

If you don't believe me or don't get it, I don't have time to try to convince you, sorry.

I gave you logical arguments. You ignored them all and just responded with ad hominem logical fallacy by saying that I don't understand bitcoin.

Synchronice

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Watch Bitcoin Documentary - https://t.ly/v0Nim

Quote from: Snowshow on May 10, 2022, 12:33:08 AM

But here's the news. It's all just an illusion. A mere narrative. Disinformation and misinformation. There's no digital asset, no money no revolution and no freedom. All there is, is a simple online scam. A scam in the form of a system for creating the illusion of digital asset. The system is designed for one purpose and one purpose only. To trick people out of their money. We will now explain how the scam operates. But first some insight.

It's all just an illusion? Can you argue with me if I say that your consciousness is an illusion created by your brain? If you ask me it's not because I feel when I touch, then have a good deep sleep and tell me about your vivid dreams.

What's your definition of a scam? Governments print tons of money and as a result, prices of everything, including goods and real estate are increasing, while the rate of wage increase is significantly lower. Can you make a conclusion from this? Riches are getting richer and the poor are getting poorer, this is the real scam!

Quote from: Snowshow on May 10, 2022, 12:33:08 AM

But in reality, fiat money is a debt-based asset. Numbers, on the other hand, just represent asset quantity. Meaning, when people hold banknotes or deposits, the borrowers owe them economic benefits in the form of goods, services and labor.

Will it be misconduct if I say: Meaning, when people hold bitcoin, the borrowers owe them economic benefits in the form of goods, services and labor.

Quote from: Snowshow on May 10, 2022, 12:33:08 AM

cut

You don't wanna understand that everything is very simple at the end. Imagine we create an island where only the new generation is born and raised and we teach them that plastic has the value, give them plastic coins and tell that they should work and save plastic coins to get rich and wealthy (and never teach them how to make plastic, just give them limited amount). In this informational vacuum, they'll believe it and work for it.
Maybe it's not a good example to clarify how things work but my main purpose is to make you understand social and psychological value of money.

NeuroticFish

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Quote from: Snowshow on May 10, 2022, 07:50:49 AM

You're the victim. Try to accept explanations of people that are trying to help you.

So you cannot prove anything by logic, so you decided to ask nicely? Cheesy

Since this has been started, I'll also tell you my favorite quote on Bitcoin:

Quote from: satoshi on July 28, 2010, 09:00:38 PM

If you don't believe me or don't get it, I don't have time to try to convince you, sorry.

Snowshow

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Activity: 252

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Quote from: BlackHatCoiner on May 10, 2022, 08:00:42 AM

Stop. Leave this place. Nobody agrees with you. Your plan to pathetically and obnoxiously enforce your point of view for the gazillionth time has failed. You don't convince anyone that bitcoin is meaningless. It has been repeatedly told you that the way you've understood bitcoin (and perhaps society as a whole?) is false.

You deserve this quote.

Quote from: Morpheus, The Matrix

Most of these people are not ready to be unplugged, and many of them are so inured, so hopelessly dependent on the system that they will fight to protect it.

Stop your obsession with the people that are trying to help you. Focus on the system that tricks you, in order for the anonymous scammers to get their hands on your asset.

Topic: The Bitcoin Paradox - a Simple Online Scam Honored as Deity - page 5. (Read 1078 times)