Topic: [VIDEO]The Empirical Proof of Bitcoin's Real Value Being Zero - page 4. (Read 771 times)

You must educate yourself about basic economic concepts.

When an instrument issuer pays divided, interest, principal or non-monetary value to an instrument holder this is not market transaction but the fulfilment of issuer's obligation.

On the other hand, market transaction is an instance of buying or selling something.

Finally, Ponzi-like is when you invest funds into some project or instrument that pays returns not from project's activity or funds of the instrument issuer, but from the funds of new investors. Bitcoin perfectly fits that definition.

I bet this is another FUD technique from one of the whales or financial institutions wanting Bitcoin price to crash for their selfish target. Well, such a device mechanism won't work now because the people are already hooked on Bitcoin. You can try this trash with the altcoins, I might work. But certainly not with Bitcoin. We move.

In ALL TRANSACTIONS, payment is only possible from funds of someone else paying you.  That's the DEFINITION OF A FINANCIAL TRANSACTION.

You seem to like to say:

"Look, someone paid someone, in a Ponzi people pay people, therefore it is a Ponzi!"

Then when someone points out that there are lots of reasons that people pay people, and that they are not all Ponzi, you respond with:

"Those examples are beside the point.  In those examples, someone paid someone and since they were paid it's ok.  But in Bitcoin someone pays someone, and in Ponzi someone pays someone, therefore Bitcoin is a Ponzi!"

It's circular nonsense that carries no meaning.  Yes, in a scam, a person is convinced to give another person something of value. That is NOT what makes it a scam.  People give other people things of value all the time in situations that are not a scam.  Until you can understand this, you aren't going to get anywhere in this conversation.


One cannot be paid by someone that does not exist.  What matters is that holders should not expect to be paid by anyone for holding.  It is not an "investment" into a business.  It does not pay "dividends" or "interest".  It is inflationary money that will eventually become deflationary.


There you go saying words again that don't make sense, and that are contradictory.

There is no mention of money in the video. Money can be everything that functions as a generally recognized medium of exchange for transactional purposes. Financial instruments on the other hand, are paper or digital records. Given that records are worthless on their own, their issuers must pay something to their holders. They do that in all instruments except Bitcoin.

Bitcoin is ponzi-like. Its issuers pay nothing to its holders, the same as Ponzi scheme organizers pay nothing to scheme members.

Take a gold nugget, go to a random supermarket and try to pay for your groceries. Please let us know how it went.

In the video, you are confusing financial instruments with money. Money is not a financial instrument. Also, Bitcoin is not loan-created money, so your claim that Bitcoin makes no payments is irrelevant.

Also, Bitcoin cannot be a Ponzi scheme. There are no operators and it is 100% transparent. You either don't understand how Bitcoin works or you don't know what a Ponzi scheme is, or both.

SWIFT is also a payment system. So? What that has to do with a value of a particular instrument transferred via this system?

More nonsense videos from antikvark.

Why am I not surprised.

I suggest, DO NOT WATCH HIS VIDEO.  He posts here to drive up his view count on YouTube. Watching his video just increases his ability to distribute his nonsense to more people.

bitcoin is not a product that is sold. bitcoin is a payment system. its only function is to move value.

the price of bitcoin is not 100% speculative at the moment its 50% cost of acquisition value which is controlled by the mining cost of cheaper to mine or cheaper to buy supply/demand economics. and then speculative volatility ontop.

gold for instance has a similar scheme where the price is ~$900 of acquisition cost value. and the rest is speculative

things like fiat only cost a few cents to make a $20 bank note. so fiats value is not held by its cost. but more so by laws that make it relevant.
the only reason why the dollar is relevant is because of wage/tax laws keeping it relevant. but here is the thing. if the US are contracted to debt of $xxtrillion. they can easily change the law to make a new currency relevant and because the debt contracts demand dollar. they can hyper inflate the obsolete dollar to a loaf of bread costing $xxtrill and pay off the debt

bitcoins value is bitcoins value. its not made relevant just by law. its made relevant due to its utility and due to the fact it actually costs something to acquire it

The price of bitcoin is zero only if no one will invest in it

The linked 5-minute video provides a simple and undeniable proof that the real value of Bitcoin is zero. It does that by showing that Bitcoin lacks the fundamental feature for which all financial instruments exist in the first place, and that is to provide payment to their holders.

https://youtu.be/WSYTXmxPveY