Topic: Why is Bitcoin the Dumbest Thing Ever Invented (Read 2670 times)

I bet he will be back with new account and post same type content about crypto again. Some habits never go away.

I am here to teach people Bitcoin. I was fascinated when I saw how many people doesn't understand Bitcoin. They are so obsessed with the price and how to get rich quick that they completely misunderstood Bitcoin. It was smart thing to register on the forum and educate them.

If you feel its dumb why are you in the forum complaining lol.

Satoshi is not refunding people if bitcoin price goes down. I heard it dropped in price recently in fact. Maybe that's why Sathoshi disappeared because people would be demanding him to send them bitcoin to make up for their losses. And maybe he should. But that would be kind of a pain. So thus he disappeared...but he has to not use his bitcoin because then that would really look bad right? people are losing money and yet he's spending it. hmm!

These are your words: "Bitcoin ownership grants you a stake in a distributed ledger." "If I say TSLA ownership grands you a stake in Tesla company what that means? That I own a cow on the Moon or that company?

As for the network, I quote again: "BTC units represent ownership on a secure, decentralized network.

Here you didn't say "of" but "on". But this begs the question: ownership of what? And you said it in your next comment: ownership of a ledger. Which is stupid. No one owns the blockchain. It's free for everyone to download.

So, let's repeat the fact that you deny with your stupid comments: when you bought Bitcoin you have numbers on the screen and own nothing. You have numbers that count no actual resource, item, asset, money, currency, whatever. Simply, you have an electronic version of Monopoly money or an empty virtual container.

The sooner you accept that fact, the sooner you'll stop playing dumb.

Regarding your appeals to "security". Resources are what we want to protect, like dollars which are a debt-based resource, not empty containers or numbers. Numbers are abstractions that everyone can create in an instant. Why would I want to protect this: "1" if I can get it whenever I want by simply pressing the key on the keyboard? The very fact that the Bitcoin network protects numbers and the fact that people buy numbers just shows how extremely stupid this whole Bitcoin thing is. Not to mention that some of you have made a religion out of it.

Dude, we've all tried with this guy. He's just too confidently dumb to understand the basic premise of what is being explained to him and so he's stuck in this position of believing his initial assertion is correct and every time somebody patiently tries to explain it in simple terms to him he only ever seeks to twist what is said into something which allows him to return to his initial premise.

He appears to be incapable of the intellectual honesty needed to reappraise ones own erroneous assumptions when presented with sound evidence and reasoning which conflicts with it.

It's classic cognitive dissonance.

That's a lie! I never said that. Show me where I supposedly said that.


That's another lie! I never said that either. The proof that you are a liar is right here in this thread. My posts are unedited. 


Nope! Not even close! I never claimed "you own a ledger". That's three lies in a single post.  Is this your debate tactic? Lies to compensate for a lack of valid arguments?

Hahaha, this is crazy. First you say that you own a ledger. Then I demonstrate how stupid it is to say something like that. Then you say that you own a network. I show the stupidity of that as well. And now, you say that you own a stake in a ledger. So, you're saying the same thing as before - that when you bought Bitcoin you own a ledger. Why are you embarrassing yourself so much? I know that you Bitcoin evangelists are brainwashed to repeat that mantra about decentralized ledger but this is too much even for people like you? Why? Why are you doing this?

Look, buddy, I get it. You're confused, and that's okay.  But if you're so determined to misunderstand everything, then this conversation is a waste of time. Again, don't twist my words! Nobody said you own actual computers when you buy Bitcoin. That's a ridiculous take.

Bitcoin ownership grants you a stake in a distributed ledger. Yes, it's a secure network that verifies and records transactions. (It has always been.) You're essentially buying into a system that eliminates the need for a central authority, like a bank.

Seems like you're stuck on the idea of a physical good.  Bitcoin is different.  It's a new digital asset class, and if you're not interested, that's fine.  But stop with these nonsensical claims about owning computers.  Do some actual research and stop talking nonsense.


Seriously, with ad hominem comments again? Can't we just have a normal discussion?

By the way, you've conveniently dodged my questions. When you send an email or use DNS to access a website, what exactly are you buying?

Interesting, now it is a network. First it was some magic invisible coins. Then energy, work, commodity, whatever. A now it is a network. Ok let's see. A network is computers linked together. So you're saying that when you bought Bitcoin you own computers. And if for instance I join the network to "mine" Bitcoin you own a part of my computer. But... that's not true. I am the only one who owns my computer. Owning bitcoins doesn't mean owning computers linked together. So, you talk nonsense.

Why is it so hard for you to admit something so obvious? That by buying Bitcoin you have nothing actual but just units of a number 21 million. That you have what everyone can create in an instant by pressing keys on the keyboard. And that it is stupid to spend tons energy or money to get just numbers, to have just digits on the screen. But instead, you try to find excuses for that stupidity. By doing so you embarrass yourself more and more with each new post here.

You might intend to discourage investors or who maybe interested to invest in bitcoin but while yourself had already made mentioned of this bitcoin criterial values, you ended up encouraging them to embrace bitcoin which you have already made a clear and admiring definition of it.

Look, you seem confused. I never said you buy 10 ledgers. Don't twist my words. BTC units represent ownership on a secure, decentralized network. You're invested in a system.
Let me ask you this analogy: When you send an email or use DNS to access a website, what are you buying exactly? It's not a physical object, but you're paying for access to a service or a secure network. Similar concept with Bitcoin – you're buying ownership within a secure, decentralized network. There's value in that. You may not see it, but that's your problem.

Now, regarding the "ad hominem" comment, let's keep things civil. Like I said, some find value in Bitcoin, some don't.  I'm not here to convert you, but I do believe in respecting others' financial choices, even if they differ from mine.


No, you actually can't. You can get a similar effect using another, more or less decentralized network, similar to Bitcoin, but it's not exactly the same.


Again, by whose opinion? Yours? Why is that relevant?

You're still peddling that BS?

Get a life, bro.

Hahaha. Let's tray again: what actual thing do you have when you bought 10 BTC units for $700,000?

I say you have nothing actual in the amount of 10 but two digits, or 10 units of a number 21 million. You have what I can get right now by pressing two keys on the keyboard.

But you keep insisting it is something else. Then it's simple: what is it?

Other Bitcoin evangelists said it is energy, work, a commodity, a collectible-like thing, token, coin, digital asset, but couldn't show anything except digits on the screen. Now you say it is a ledger, suggesting that you bought 10 ledgers. This is stupidity of a high order. There's only one ledger. It is stored on many computers and free for everyone to download. Why would you pay for something you can get for free?

So, you play stupid. You know very well that you have nothing in the amount of numbers shown on the screen. You know the truth. But you're to embarrassed to admit that. To admit that you participate in the dumbest scheme ever. A scheme where tons energy or money are spend on watching numbers on the screen. What's even more dumb is that you and your Bitcoin bros created the whole religion out of it and you make statues of an anonymous person that invented the scheme. It's no wonder more and more people view you as a crazy cult.

Oh, good! So we agree that at least the 'idea' of Bitcoin is something actual? And what about the implementation of that idea? Is it also something actual or non-existent?


This just shows how much you misunderstand Bitcoin. It's like watching a toddler try to explain astrophysics.  Nobody "buys an idea" with Bitcoin. The idea, and even the code itself, is open-source and free. You pay for what that idea and implementation create:  a secure, transparent, and verifiable digital ledger.  That's the value.  It may not represent value to you, but that's your choice. People are free to make their own choices. Respect that.


Right back at you. You cherry-pick examples to push your narrative, conveniently ignoring facts like the digital ownership aspect of Bitcoin. If you don't appreciate simple syllogisms in my replies, try forming a coherent argument first. As for ad hominem attacks, let's get this straight. You spout nonsense about invisible things having no aesthetic value, then try to play the victim when I call out your boneheaded mistake. Did you conveniently forget that gem you dropped earlier? So when your flimsy arguments crumble, you resort to childish name-calling, then have the gall to point fingers? Hilarious.

Ideas are something actual, computer programs are something actual. But when you pay $700,000 you didn't buy 10 ideas or 10 computer programs. You bought two digits -  "1" and "0". In other words, you bought 10 units of a number 21 million. Units that count nothing actual. It is crazy how you Bitcoin evangelists keep mentioning actual things, such as gold, paintings, collectables, ideas, computer programs,.. but are unable to answer what actual thing do you have when you bought xx BTC units. And when simple syllogisms show that you have nothing than you engage in ad hominem attacks, play dumb or simply trolling the discussion. You're a perfect example of such behavior.

I could ask you the same thing. You've been trotting out the same wrong arguments for years, and nobody here gives a damn anymore.  Get a clue and come back with something original.


Again with this narrow-minded (and frankly, stupid) argument? By whose definition? How do you define "something actual"? Or do you think that, for example, ideas and thoughts cannot have value?
But... we already talked about this a few years ago, haven't we? It's astounding how you ignore facts that don't fit your narrative.

Oh, and here's the kicker! Bitcoin is essentially a computer program. So you just contradicted yourself in one sentence. Congratulations!


Again, by whose definition? Yours? Let's be honest, your previous blunders haven't exactly screamed 'financial' nor 'technology guru.' So, I'm genuinely curious - what qualifies you to be the authority on this subject?

Don't you get tired of playing dumb? If I take a piece of paper, put the digit "1" on it and someone pays $70.000 for that paper, that's not value but price. Value can only be assigned to something actual - gold, debt, liability to redeem, picture, company, computer program, patent, etc. In the Bitcoin system you have nothing actual. The system just calculates numbers, assign them to addresses and shows them on the screen. Digits are all that you have after "buying" or "mining Bitcoin". This is literally like having Monopoly money. And of course, digits are infinitely reproducible. Look, 1356367885433.... i can do that until the cows come home. It's hilarious how a guy set a system to sell you digits, you bought them, and now you're forced to play dumb to hide the fact that you participate in the dumbest invention in human history.

let me know when mankind gets the ability to synthesize new stable elements in large quantities and one of them happens to have the properties of gold.

i know it's going to be replaced. i just don't know what with exactly. and i don't know exactly when. we're only about 15 years in and bitcoin has some strong competitors like ETH. not everyone uses bitcoin. even today. some people use things like ETH. something like Ethereum would be a likely candidate to replace bitcoin though. something that does more than bitcoin. is more technogically advanced. doing things like smart contracts, etc. that's all just my opinion.

Oh wow, you finally getting the hang of it! A whole new kind of money, right? Like Monopoly money, only... not worthless and infinitely reproducible? And here I thought Bitcoin was some kind of elaborate social experiment. But hey, at least you're finally grasping the basic concept. Slow clap for you.