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Topic: Why is Bitcoin the Dumbest Thing Ever Invented - page 12. (Read 2676 times)

hero member
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The system doesn't manage units in a company like the ones that deal with stocks or units in debt like the ones that deal with bonds and fiat currencies.
I think you're not sure about the concept of Bitcoin, it's basically a decentralized system that's not owned or controlled by a company. It even doesn't work like traditional banks where debt is the main runner of the fiat system.

It's simply a p2p payment solution where community decides its value. If community keeps holding Bitcoin that they purchase then its value will connote to grow no matter if it gets 1 billion people who criticize it. Bitcoin doesn't have to manage units like a company as it allows the community to do that.
jr. member
Activity: 183
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Bitcoin is the dumbest thing ever invented.
If you think Bitcoin is dumb then why you're present on this forum? If you don't like the idea of Bitcoin and find it useless then I believe someone like you should not be part of the forum that's a place for Bitcoin community. You need some research I believe, no I think you may need some treatment so you can understand Bitcoin properly.
So it is true what they say about you? You're like a cult. Only cultists don't tolerate criticism.

Regarding the rest. I don't think that Bitcoin is dumb. I literally proved it's dumb. You're mining, storing and transferring units of ownership in nothing. The system doesn't manage units in a company like the ones that deal with stocks or units in debt like the ones that deal with bonds and fiat currencies. It manages no tangible value such as gold. It manages no intangible value such as computer software, parents or copyrights. It manages empty units. Literally like that hypothetical crypto-post that manages empty envelopes and packages. This is dumb.
legendary
Activity: 1568
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You, sir, should apply for a federal agency job.

https://fbijobs.gov/

I'm sure they would be thrilled to hire anti-bitcoin people like you who would like to destroy it.
full member
Activity: 784
Merit: 115
It's okay if you think Bitcoin is the stupidest thing ever invented. But thanks to Bitcoin, which you think is stupid, many people have improved their lives. They invest in Bitcoin because they believe Bitcoin can help them live better and they have proven that. Bitcoin now also has a value that can make people interested in investing. So let us fools continue investing in Bitcoin while you can do other things you like. We still believe Bitcoin can provide something good for our lives.
sr. member
Activity: 1904
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Suppose that someone invented a crypto postal service. Or is short a crypto-post. Its purpose is to transfer envelopes and packages quickly, safely, and decentrally. However, there is a catch. The envelopes and packages are empty. They contain nothing. From the outside, the crypto-post would look similar to a traditional post. Because obviously, a traditional post transfers envelopes and packages. And that crypto-post also transfers envelopes and packages. But in reality, it would be the dumbest thing ever invented because it transfers envelopes and packages that contain nothing.

The so-called crypto-currencies, such as Bitcoin, are exactly like our hypothetical crypto-post. From the outside, Bitcoin looks similar to traditional currencies. It is a system that has units which are transferred between people. If you have a bank account, what you have is some name such as USD, and a number that represents the quantity of units in the US banking system. If you have a Bitcoin account you also have a name - BTC and a number that represents the quantity of units in the Bitcoin system. But the catch is that the units in the Bitcoin system are empty. They are just like envelopes and packages in our crypto-post. They contain nothing. They are units of ownership in nothing.

On the other hand, units of traditional currencies are units of ownership in debt. That means that they are not empty. They contain value. Namely, these units are created as loans of commercial banks to individuals and companies or as purchases of government bonds by central banks. So if you hold for example dollars you own units of someone's debt. Practically that means that you own something needed by millions and millions of people for paying off debt that they owe to the banking system. You own something that can save people from liens that banks have on their property. If your neighbor has a dollar loan with a mortgage on his house, while you have dollars you have something very valuable to them. Something that can be used to pay off their mortgage. In other words, you have units that contain value.

Given that units in the Bitcoin system are not created as debt, nobody needs them, and thus, they contain no value. They are empty. They are indeed like envelopes and packages in our hypothetical crypto-post. Spending energy on maintaining the system where people transfer empty units, envelopes or packages is dumb. Spending money just to hold those empty units, envelopes or packages is dumb. In short, Bitcoin is the dumbest thing ever invented.

I think you have a problem with reading,learning and understanding.Even the history of bitcoin's invention never mentioned it or recorded it as a dumb decision.Look right here,its okay for you not to trust bitcoin,I mean you should like you have every right not to trust it,and it didn't start from you either ways.

Bitcoin is a choice and its not for everyone,if bitcoin seems stupid to you,doesn't seem the same way to others.That's why we all have different understanding towards life and we're meant to approach life with knowledge and enthusiasm.
Spreading false information and trolling bitcoin will do you no good,it's obviously inappropriate,maybe you were paid to do this and its so embarrassing...Go and refurbish your knowledge about bitcoin and come back here to testify.






newbie
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It is usless as a means of payment but not dumb
member
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From the title of this topic alone, someone will know that this is just a bunch of shit crap.

In the history of blockchain, you didn't mention any of the shit coins and dead coins as the dubmest invention but you label Bitcoin as one, that's to show how dumb you are already.
hero member
Activity: 1022
Merit: 600
Bitcoin is meant for everybody and not for everyone, meaning,  it's certain there will be haters and you aren't the first set of people to
 have hated Bitcoin in the past and  finally came to embrace it when they discovered they will be the dumbest type of individual to reject Bitcoin. However, all these critics has even helped the Bitcoin network to become a better version of what is today. So, I trust Bitcoin will definitely prove your mindset wrong even though you have nothing to believe about it right now.

The Bottom line is Bitcoin is a Choice, Bitcoin was not program in such a way that it compulsory for everyone to use.
legendary
Activity: 1554
Merit: 1139
The so-called crypto-currencies, such as Bitcoin, are exactly like our hypothetical crypto-post. From the outside, Bitcoin looks similar to traditional currencies. It is a system that has units which are transferred between people. If you have a bank account, what you have is some name such as USD, and a number that represents the quantity of units in the US banking system. If you have a Bitcoin account you also have a name - BTC and a number that represents the quantity of units in the Bitcoin system. But the catch is that the units in the Bitcoin system are empty. They are just like envelopes and packages in our crypto-post. They contain nothing. They are units of ownership in nothing.
Well, if you look at it this way, you might not find value in anything that isn’t tangible. The world has gone paste where we place value only in that which is tangible. For instance, our fiat could be regarded as mere paper and nothing more, isn’t it. It’s just a paper that comes with government backing and have got some special embedded character to enable it serve as a currency, that’s what differentiates it from counterfeit currencies.
Now, what do you really get when you buy a program online? You get a copy of some written codes into a working app or folder and it performs a designed function and you value it for that.

Now Bitcoin is more than all of that as, it’s decentralized, it just doesn’t need the validation of any individual to work but, a people who are ready to use it for day to day transactions.
hero member
Activity: 3080
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Given that units in the Bitcoin system are not created as debt, nobody needs them, and thus, they contain no value. They are empty. They are indeed like envelopes and packages in our hypothetical crypto-post. Spending energy on maintaining the system where people transfer empty units, envelopes or packages is dumb. Spending money just to hold those empty units, envelopes or packages is dumb.
I have bolded the part for you where the value starts from it. The miners of gold can also be said that gold has no value because it just represents some shiny metal that has been dug from many ruins and mountains.

In short, Bitcoin is the dumbest thing ever invented.
Okay, you can say freely anything you want to say and trolling on a Bitcoin forum but can't change the fact that it's now $63k.
full member
Activity: 560
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If you think Bitcoin is dumb then why you're present on this forum? If you don't like the idea of Bitcoin and find it useless then I believe someone like you should not be part of the forum that's a place for Bitcoin community. You need some research I believe, no I think you may need some treatment so you can understand Bitcoin properly.
We know how the market operates. Infact this current generation is blessed with modern technology and knowledge, they make everything running swiftly when it comes to tasks. Bitcoin is the dumbest thing ever invented? This is precisely one of the unwise trends I've come acrossed on the forum. There are some topics that doesn't deserved attention because the topic is entirely not relevant, we can stay up all day and not comprehend the body of the message.
full member
Activity: 1148
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the dude is a troll who has spent years spamming the forum with his nonsense, it would be best to not engage in any type of conversation with the guy and let him have his fill of posting his BS here in the forum, he'll be gone again soon enough when everyone starts to ignore him.

I hope he find way to get through that because he created a downhill cell for himself. Trolling and spreading false information would lead you to nothing. I think this may serve as lesson to others now and especially to those who are just finding information about crypto that this is not a relevant inforation for that. OP posted this for clout.

Crypto and BTC have never been a dumb thing. It is both become a appreciating asset with great deal of volume and also provide insight for future transactions.
hero member
Activity: 2282
Merit: 560
_""""Duelbits""""_
Bitcoin is the dumbest thing ever invented.
Yes think of it that way to make you happy and you should also think of the founder of microsoft who until today you still use the application on your laptop or maybe even some people who have quite a large following like Saylor are stupid people too in the end because they apart from being a microsoft bitcoin maximalist also even make it a payment option Grin
You talk too much buddy but in the end you are a mistake if you talk like this in the bitcoin forum because in the end it will only be used as a joke even if your fingers continue to type here.

My advice is that for now you should look for a bitcoin hater forum so that you can make your argument justified because for here I think it's not the right place for you Smiley But if you insist on it hopefully it will work lol
sr. member
Activity: 630
Merit: 352
Like the OP I was in denial about the value and use case of Bitcoin, in it's early days , but as time went by, me and probably millions of others have come to understand that it's an asset that is a store of value. Over the years Bitcoin has proven to be a reputable crypto coin, and it's adoption is increasing everyday, people are using it to make payments for goods and services, and most importantly individuals, groups, companies and countries are hodling it as investment asset. Something that is a scam can not gain so much ground in just over one decade, compered to gold that has been from the word's creation. I advice the OP to accumulate and hodle Bitcoin now because in the next decade, he'll say had I known I would've bought Bitcoin when it's price was still $63k.
hero member
Activity: 700
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There’s no way I’m going to spend my time reading a post from someone who has been trolling the community for more than a year - and has managed to earn himself a tag for ban evasion.

When you finally have a good topic or something more reasonable to write about let us know and maybe then you’ll get some good responses from the community for now just by reading your title I don’t feel anyone should waste their time here.
legendary
Activity: 2044
Merit: 1018
Not your keys, not your coins!
Why rhetoric, just logic OP, if BTC is not interesting why are so many people and big institutions present?

In 2010 maybe BTC was like a bedtime story with the price of 1 piece of BTC started trading for only $ 0.08 per coin and now the price has reached 64K
Going through many years, fud, Bitcoin is not dead.

https://buybitcoinworldwide.com/bitcoin-is-dead/
https://99bitcoins.com/bitcoin-obituaries/

Look at these sites with given information that is proof that "Bitcoin is not a dumbest thing ever invented" to against OP.
legendary
Activity: 3948
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Leave no FUD unchallenged
If there were such a thing as debt-based postal services, some senders or recipients would occasionally have to be declared bankrupt or the entire system would collapse in upon itself.  It's the only way such systems can function.  And if all of the debt within the postal system was paid off, the entire system would, once again, collapse in upon itself.  It's the only way such systems can function.

That's a special kind of dumb.  One we aren't going to repeat here.

There are numerous reasons why Bitcoin is designed to avoid being debt-based, but OP is too much of an imbecile to understand the rationale.
hero member
Activity: 952
Merit: 555
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But the catch is that the units in the Bitcoin system are empty. They are just like envelopes and packages in our crypto-post. They contain nothing. They are units of ownership in nothing.

If i were you, i would rather maintain silence when i have no idea on what am saying, are you telling me that when you offer a service to someone and you get paid with money, that is also making a payment out of vanity, have you learnt about bitcoin mining, what proof of work is and how it works, how are the block rewards earned distributed, know this today, bitcoin is a digital currency which you have to earn by mining it and you aren't doing this for nothing sake, don't confused others if you're confused already.
legendary
Activity: 3248
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Well, there will always be deniers and sceptics, no matter how far Bitcoin comes. Just for the record, Bitcoin has experiences enormous growth over its existence, it has over a trillion dollars capitalization, it is of interest to major investment companies, it has great liquidity, and it's a part of school curriculum in a major European country (France).
For something so empty and dumb, it's doing remarkably well and has no sign of stopping. It's only getting bigger and more widely recognized over the years.
sr. member
Activity: 882
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Given that units in the Bitcoin system are not created as debt, nobody needs them, and thus, they contain no value. They are empty. They are indeed like envelopes and packages in our hypothetical crypto-post. Spending energy on maintaining the system where people transfer empty units, envelopes or packages is dumb. Spending money just to hold those empty units, envelopes or packages is dumb. In short, Bitcoin is the dumbest thing ever invented.

Why rhetoric, just logic OP, if BTC is not interesting why are so many people and big institutions present?

In 2010 maybe BTC was like a bedtime story with the price of 1 piece of BTC started trading for only $ 0.08 per coin and now the price has reached 64K.



I think you can read the chart.
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