Topic: The Truth That Will Eventually Kill Bitcoin - page 6. (Read 1410 times)

Since you pretend to be a "youtuber" that can't even bother to write your argument in plan text here but rather advertise an url hoping to increase views, Why don't you search in there for "fractional reserve banking"? You say fiat is not a fraud? You are in for a big shock. About 90% of fiat money doesn't exist.

But every satoshi is unique and accounted for, even if some will never move again, they are still there located in the blockchain for everyone to see.

You think printing fiat can buy all bitcoin? Just try it, you will only hyperinflate your fiat that way, while bitcoin remains still spread in many hands. You would cause a little pump at most, that will correct itself. So go ahead, convince a government to ruin their coin doing this.

So people are buying digital assets, just like online game items. But unlike online game assets each satoshi is unique. You can't just hack a database and make more appear out of thin air, its secured, more than fiat, where a gov can actually "print" as many as they want, just like you could spawn endless of the same item in a game if you are the admin.

Bitcoin is so useful, that its got its actual market price after 11 years of people like you insisting with the same lies. And yet, it exists, and people are still are trading their fiat for it.

I do not even waste by time clicking on this video or you want to get views by posting it here.

Bitcoin can never be killed and if you think it is a ponzi fraud than it is better you to leave from here and join a bank full of paper notes.  

What's wrong with warning people about frauds? Especially people in a community that has most fraud victims?

Like I have said. Name one lie in the video. It cannot be simpler.

Many people think that bitcoin is a joke however everyone on this forum believes in bitcoin and its future. In fact, there are many rich people thanks to bitcoin and bitcoin has a very beautiful future.
I think that with just one regulation in favor of cryptocurrencies from the government, the price of bitcoin will certainly increase.

Yeah, that's really weird to find someone here, that he doesn't like bitcoin, I mean, if you just don't like it, then just stay away from this community, we don't need a negative impact about bitcoin, we already know the risk about using cryptocurrencies and we're aware about that all.

don't you have some Drama or War Movies there?sorry but i am not watching BS on youtube so if you cannot offer us some good to watch then better GTFO here ,why staying here while you are not believing in this?

lol if there is one lying here,surely its you and your video.

This is not a market item. This is a record putted on paper medium. Market item exists outside the record. There is nothing outside the record that is owned by the person holding this paper. Meaning, this paper is a gift record confirming that the person entered the Bitcoin scheme.

Name one lie in the video. You can't because the only one lying is you.

The video says that a record is representation of dollars while dollars are the non-monetary repayments. It is pretty simple.

This was pretty retarded.

LoL considering that USD has a market item because it has a physical form and bitcoin doesn't.

Well, since you are stupid enough to believe this bull crap, I'll make a market Item for bitcoin too:



See? Now bitcoin isn't only a digital record anymore it has a market item too. (whatever the fuck that means)

I did not even go to the link and watch it if I do I will just be supporting all these lies, you are lucky this forum is unmoderated or else you will get ban for spreading lies, I pity you because you are ten years late to broadcast this if Bitcoin will die it would have done so in its early years not when it is moving fast in adoption.

Partial reserve by banks and printing fiat out of thin relying on the reputation of a state air is nothing else but a legalized scam.

Indeed, watched the video itself. And If we follow the principle of the person who wrote this video or at the very least put it up, then fiat will be a scam or a fraud too. To be honest, fiats aren't stable too if anything. They fluctuate and are volatile though not as much as bitcoin because of the high usage. The same will happen to bitcoin provided that it is accredited and is used globally. All this hate puts bitcoin on a bad spot, not so sure why people are so into putting bitcoin down.

First of all, I've watched a minute and already do not agree with the video.

They say dollars are representation of market items owned by you. So when you own a dollar bill you don't own just paper but a record of ownership that is equal to woning an item of value.
Not really. An item of value is widely accepted and will continue to be. If you have a bottle of alcohol, you can be 100% sure that it will continue to be valuable whatever happens. Even in a state of war or recession people will want alcohol to clean their wounds, start a fire, create molotov cocktails, prepare medicine, clean paint marks, or simply get drunk. Try doing the same with paper money. They are only a representation of items of value in a perfect world, where the government is in power, there's no war or civil unrest, and the economy is booming.

Video edited to take into account points of this discussion.

Playing games is what you do. My point is simple: opinions reside in mind, records reside in databases and market items reside outside minds and databases.

Fiat money is a market item in the form of non-monetary repayments derived from loans, collaterals and bank's equity. Records that inform us about ownership, quantity, and name of this item reside in bank's databases.

Bitcoin, on the other hand, is just a record. A record without market item. It is a record that informs us about the fact that one gave his/her electricity, money, goods or services as a gift to either, community that holds blockchain addresses (maintenance purposes) or to a particular such holder (fake trading purposes — in reality scheme membership fee).

So when you traded some actual market items for bitcoins you didn't actually bought something, you didn't bought another market item. You simply entered the fraudulent scheme and got the membership stake in it. After that, all you have is hope that you will get out more market items than you paid in.

Lol... Just because you don't like the answer doesn't mean I'm ignoring your point or using "Semantics"... This whole arguing is pointless as I said above... There are more than 1 "market items" in my opinion in your's it maybe none... The whole idea of "market item" is based on "Opinions"... smh...


Semantics much...? See how easy it is to play this game? By your definition " It is the record about the existence of money what is created out of thin air. " Then Fiat money is also a fraud since it represents a number in a database and has no real market item to represent...

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I'm gonna spectate for now and see what others have to say about this...

You are using semantics to ignore the point. A member of a Ponzi scheme can also call his/her membership stakes "Unspent Outputs". But that doesn't change the fact he/she owns nothing beyond the record of these stakes.

P.S. You point about FIAT is besides the point. Money is not created out of thin air. It is the record about the existence of money what is created out of thin air. Money is loan, and loans are created out of collaterals, general abilities of borrowers to repay them and bank's equity.

We all know that bitcoin is a scam and its value is not exactly what it has. In fact, such manipulation organizations only give up on marketing and fomo bitcoin as much as possible and it will create a trend for many people to push its price up.
it is like gold in the past, people fomo about gold and its value so that people think holding gold is the safest, and now bitcoin does the same thing. I don't care much anyway, bitcoin will live forever and it will still benefit me.