Topic: Why is the Dollar good and Bitcoin bad for people (Read 834 times)

I agree. For 0.001% of transactions that occur on a daily basis world-wide, Bitcoin is probably quite competitive .

(I created an architecture that will beat every known form of value transfer in the world including being 100x faster than standard credit card transactions, so forgive me if I get a bit too snarky about this point ).

It depends on what you compare it to. Compared to traditional financial systems, Bitcoin's transaction speed is indeed slower. However, there are still some banking transactions that take days to process, not to mention that most bank-to-bank transactions received outside of their business hours, including on weekends, are usually processed on the next business day. 

Ultimately, whether Bitcoin's speed is sufficient depends on the specific use case. For some applications, it might be perfectly adequate, while others may require alternative solutions with faster transaction times.

Bitcoin is a public ledger, and without some tradecraft like using a mixer, Bitcoin is actually a lot less anonymous than almost any other form of payment since anybody on the internet can use chain analysis to triangulate your transactions.

And for offline transactions, clearly physical cash is going to be a lot safer from a privacy perspective.

That's why I said different perspectives from each person's understanding and for those who don't like bitcoin will continue to say negative things about it and vice versa with the dollar itself. Bitcoin is indeed more reliable and has advantages in terms of investment although in terms of payment transactions it is still superior to fiat. But in all aspects it has more value and is more reliable to maintain value so that people prefer bitcoin for the long term than the dollar itself.

Fiat and dollars have received support from both the government and the local community and maybe they have been legal long before, so the function as a transaction tool is unlikely to be developed from bitcoin in the near future. Bitcoin is more anonymous and more secure regarding privacy even though it cannot be used as a legal transaction tool in most countries. But from a broader aspect, bitcoin does have a much safer side and can be controlled by each owner.

In the first version, mining new coins in "just a few hours" was considered "fast".

https://www.metzdowd.com/pipermail/cryptography/2009-January/014994.html

Did you seriously call a currency that can take up to 30 minutes for a single transaction, "fast"? 

Both the dollar and Bitcoin are useful instruments with different strengths. Fast, autonomous, and with amazing future expansion power is Bitcoin. Its the future. The dollar has a history, and the world trusts it. Thats huge.

Bitcoin can be volatile, but its also borderless and gaining ground every day. The dollar has a system that works, but it can be slow and cumbersome in the global market. Look, I honor both. Im a businessman, therefore I value both. Its about using every tool the proper way, not about taking sides.

Ignore the doubters that attempt to set one against the other. The wise money knows both and makes advantage of each. The future of finance isnt one or the other, its both working together. The actual winners will be found in that regard. Get educated, then know both currencies and make wise selections. That is all money flow.

True, dollars can never be good and Bitcoin be considered bad, Bitcoin is better than the dollars in every aspect you want to review both currency. The only aspect the dollar has an advantage is adoption but Bitcoin is gaining ground in that area too. With time Bitcoin is going to catch up to the dollars and also surpass it. Bitcoin has the benefit of not devaluing your money, you keep making more money for holding Bitcoin but you can't get same benefits if your holding dollars. Bitcoin is fast but the dollars isn't fast, Bitcoin can be used for international transactions without needing any extra party to be involved as you can send and receive Bitcoin with your wallet but the dollars need an intermediary for converting dollars to other currency.

But it is true. Scamming means making money by tricking people. If you publicly say something positive about Bitcoin you are tricking people. Because all of you Bitcoin holders want to get rid of your bitcoins. You want to dump numbers that are shown in your Bitcoin wallet applications and get as big as possible numbers on banknotes or bank accounts. You know that bitcoins are worthless and fiat valuable. But you constantly lie publicly, you claim the opposite. You know that if no new investors buy your numbers, the system that issues them won't protect you by ensuring you get goods and services for the numbers, or pay taxes with them. That's why you want fiat. You want numbers in the system that has such protection. So whatever positive you say about Bitcoin it's just a trick to get as much fiat as possible from the investors. That's why crypto is a global scam operation. It's the biggest scam operation in human history, with Bitcoin at the top. Politicians are too stupid to understand that. They write laws when it's too late, when a lot of people can't get their investments back and there's a general panic. Crypto will impoverish a large number of people, as with all big scams. People will then pressure the politicians and only then will they legally treat all crypto as a scam.

US Dollars don't have a chargeback feature either. The OP is mixing up a whole bunch of different concepts at once.



Online and offline shops use payment systems like Stripe or Visa and their banks or something they've built themselves--along with many others. Bitcoin is just a currency. It can be used either with or without a payment system, and it can be used in chargebacks or not, just like any means of value transfer.

Bitcoin and all other currencies are means of value transfer, not a means of doing business all by themselves.

And regardless, there's no different between Bitcoin and any other currency, digital or otherwise, in this context.

@legiteum, Bitcoin is an innovative payment system, you don't have to wait for any 3rd party inquiry during BTC related transactions.
I actually got your point, you wanted to say BTC is a currency, and Electrum, Trezor, or Mycelium are a kind of payment system, right?

Look, those are wallets and those are open source, you could go without them if you have the capability to run Bitcoin Core on your PC. Whatever, Bitcoin is a payment system and many online or offline shops accept Bitcoin as a payment system nowadays.

@JamesNZ, People have been saying negative things about Bitcoin since its inception. Overcoming these odds, Bitcoin is being traded today at ~$60,000 from zero. So whatever the propaganda is now revealed. Bitcoin is not designed to provide brokerage services .

I think he is only saying that BTC is decentralized, so it doesn't have like a chargeback feature like we saw in most fiat payment methods. Chargeback still have some draw backs, so being decentralized is sometimes better too. Fiat is still the main currency or payment method that is being used these days ( not BTC ) but I think we are getting there soon, due to the performance that BTC is showing.

It is not BTC is the ones that can protect the consumer but it was their selves. They have a full control of their money due to its decentralized nature. I think we still can choose to have that legal agreement you are talking about there in which there are also legal documents that will be signed even though BTC is decentralized. It gives us more confidence with our transactions because once something is wrong, we know that it can still be settled correctly.

wut


Yes, but those are numbers of some readily tradable entity e.g. a sovereign currency, a digital currency, shares of stock, and so on. A bank holds value of some kind. The investment instrument can be anything, and it doesn't matter--the bank is still a bank.

Bitcoin is valuable because people think it's valuable. This is the same reason US Dollars are valuable.

Excuse me? When did I do that? Give me at least one example.


I'm actually trying to educate you and correct your misconceptions about Bitcoin and related technology. I don't recall ever using ad hominems against you as my main argument. If I'm wrong, please point me to such an instance.


You are lying again. I never claimed or said anything like that.


Your claim that I'm a scammer because of my views on Bitcoin is absurd and unfounded. I'm simply presenting information based on my understanding of the facts. It's up to you to decide whether or not you find my arguments convincing.  But if you want to accuse me of something, at least use the facts and not twist my words and use lies. Your characterization of my arguments is a straw man fallacy. I've never claimed Bitcoin is a perfect system or that it's a cure-all for everything wrong with the financial system. My focus has been on highlighting the potential benefits of blockchain technology and the limitations of traditional banking. But things are never black and white. There is no "good" or "bad" here, nor would I ever present such misconceptions as a conclusion.

So, rather than resorting to personal attacks, why don't you engage with the substance of my arguments? If you disagree with my points, feel free to present counterarguments supported by evidence.

You are right that Bitcoin is a currency but wrong to say Bitcoin is not a payment system. Without any doubt, Bitcoin is a payment system, which is why it's unique and void of any external control, thanks to its decentralised nature. For it to be working through a blockchain should have hinted to you that it is a payment system of its own and that the blockchain itself is that payment system.

This is where Bitcoin protocol is being mechanised despite being a currency still, so what do you call that?

Depend every person viewed talking about dollar as good and bitcoin bad based on their mind, when asking this question for the bitcoin holder or investor most of them no doubt answering about bitcoin is better investment or payment transaction way than dollar although have underlying and become the most popular fiat currency transaction payment.
Just bit weakness side of bitcoin not only legal payment transaction currency but fiat have adopted for longer time as global payment transaction and back up by most influential country United State.

In my opinion, bitcoin better than fiat on every function such as investment assets or adopting as payment transaction currency get faster or not limited amount for sending bitcoin when making huge transaction around the world. Payment trough bitcoin just take few moment awhile and ability for sending huge amount than dollar seems difficult with large amount transaction and take time exactly with country dollar not as their primary fiat.

Bitcoin (uppercase) is a system or network that manages numbers called bitcoins (lowercase). It's not a currency but it just imitates currencies via numbers. A currency is numbers representing debt in a banking system. Based on that debt the numbers enable their holders to get goods and services back, as explained it the OP. The word 'currency' was hijacked by the crypo/Bitcoin community as a part of the global scam operation that trays to extract currencies (good numbers) from the public and dump crypto (bad numbers) on it. Language manipulation is a key component of that operation.

Btw, "talking one's book" is one thing, false advertising is quite another. Bitcoin thrives on false advertising.

Without a complete understanding and people have never been involved in investment, it will be difficult to find the advantages of bitcoin. Likewise with people who are cheated by others in investing and of course they will never understand the advantages of bitcoin itself. Bitcoin has a different nature and if it is associated with fiat currency, it is completely irrelevant. Bitcoin has the ability to maintain value and fiat does not have that ability, although there are many other advantages that are produced, but convincing the issue of value is much more understandable to most people.

Take a few examples and why do people say the dollar is good or why do people say bitcoin is bad? The reasons can vary and depend on each person's point of view of knowledge. Bitcoin will be considered good for those haters when it has obtained full legality but they dare not express it because it is contradictory.

Bitcoin is not a payment system, it's a currency. US Dollars alone do not ensure somebody's transaction is protected by the law, and people are victims of fraudulent transactions all of the time with US Dollars.

A payment system is something like Visa, American Express, and PayPal. Those products have facilities for dispute resolution, which is part of the reason they charge a relatively high transaction fee (although still nowhere near Bitcoin's typical transaction cost when the value stays relatively small).

While I'm sympathetic to some of your criticisms of the... baloney... that is often spread about Bitcoin and crypto (and I have written articles about crypto misinformation), answering those misconceptions with new misconceptions isn't the answer, and probably makes the whole situation even worse.

And if your criticism is the "pump and dump" nature of Bitcoin promoters, you are basically criticizing all investments, and even capitalism itself. Since the beginning of time people have offered their money to buy something in hopes it will increase in value so they can sell it later at a profit. Bitcoin is just one of millions of possible investments (or "bets" if you like--it's really the same thing). And yes, people who have made an investment will want to promote their investment in hopes of increasing the value of it--that's just human nature. But it happens with absolutely everything somebody invests in, from digital currencies, to stocks, to real estate, to baseball cards, and so on.

Wall Street investors have a term called, "talking one's book", which means somebody saying positive things about a stock that they already own. It's a good practice to be skeptical of somebody "talking their book", but like any kind of sale of anything, just because somebody is promoting in their own self-interest doesn't necessarily mean they are being dishonest or fraudulent.

This kind of post is made when either you want to get attention from others or you have a strong hatred for something without knowing and understanding it. People who hate and speak against BTC I don't like to debate with them much I just say that people who do this kind of behaviour don't know about BTC. You know, we shouldn't talk about anything until we've studied it ourselves, experienced it ourselves, and spoken ill of anything without experience, I think. It's just childish.

This is a forum where everyone has the right to speak freely and have the right to have their own opinion anyone can say whatever they think I don't like to make too many negative comments for anyone but I am surprised that people who join this forum and then talk bad about Bitcoin even though this forum is made for BTC and if one has no knowledge of BTC then on this forum, one can get all the knowledge by reading the existing posts and comments and pin posts. I think if you want to speak for something you should at least know about it.

Don't find an excuse for this, you actually made the tone of the topic and body look like that, so what do you expect? But as much as many would call you anti-Bitcoin and that your post doesn't make any sense, I still respect it since you are constructive enough and make sense in some of the points, but as before, you are too rigid with your disposition which will always cause you to be blinded to the actual fact. What fiat is capable of, Bitcoin is as well so far it is acceptable in that circumstances, so don't limit it.

Better still, if you are constructing a fact, for instance, the goods and services related ones you claimed this to be, you should just do it in the normal fiat inclination without drawing Bitcoin to it, perhaps people's response will be different in more economics way than this.

I am responding to you through the subject title of your topic, so when you look at it very well you know that bitcoin is something that I have haters from the beginning, so whatever you are having with Bitcoin make sure that you make your own decision do not be dependent on people who from them Bitcoin at something that does not have a value or something that is being used for illegalities basically from my own understanding it is being seen to me that the Bitcoin cannot be compared with all this centralized currencies because bitcoin is digital currency which is decentralized, so let us understand such phenomenon

So basically, you're mad at me for stating the obvious fact that the Bitcoin payment system, unlike the banking ones, doesn't protect it's users by ensuring they get goods or services back. Which makes numbers that it issues bad numbers. But you joined this system, you got its numbers. And now you need new suckers otherwise you cannot get back good numbers, i.e. bank-isseud numbers that you gave up when joining the system. I have a simple question for you: why are you not mad at those that invented such a bad system or at those that fooled you to invest in it? Instead, you're mad at the person that is telling you the truth? And of course, if you spread propaganda that the Bitcoin system is better than the banking ones with the intention to attract new suckers and get their bank-isseud numbers, you're essentially scamming people. You're part of a global scam operation that trays to extract good numbers from the public and dump bad numbers on them. It's pretty simple.

Hey, JamesNZ, you absolute moron. Seriously, what is your problem? You're the only one here who can't seem to stay on topic. You're just throwing around baseless accusations and acting like a petulant child. It's honestly pathetic.

You claim that "literally every responder here" is ignoring the subject and spreading Bitcoin propaganda or engaging in ad hominems. Newsflash: they're not. People are sharing their thoughts and opinions related to the topic, which is perfectly fine. But you, you can't seem to do that without resorting to name-calling and wild assumptions.

And let's talk about those accusations. You love calling people scammers and liars without providing a shred of evidence. Seriously, do you even know what a fact is? Or are you just making things up as you go along? It's honestly baffling how you can throw around such serious allegations without any proof whatsoever.

Cheers! (But not really, because you're kind of a jerk.)

I have to confess that I haven't read the entire OP, but a few comments below that discouraged me from reading all the text (thank you Hatchy). Way too long. If JamesNZ wanted to catch my attention, he should've started his topic with a shorter text that included the key points, and then elaborate more his arguments through the thread.

Anyway, I don't think he would have been successful in convincing others either, because being realistic, this is not the best forum to make statements; but, at least, some more would've tried to understand him and participate in the conversation.

I think the direction of your conversation is more emphasis on how we see the real impact of preservation on digital payment systems to meet the needs and wants of one or many people where people need goods and services. quite relevant.

Well, regarding statements like the above I think it's simple because they all depend on each of us's point of view, so to make it easy to understand, everything leads to the level of use where the correlation depends on the level of need and the level of risk tolerance and personal preferences of the individual in general, then it is not wrong let alone talking about protecting or not here, there are only two options that are visible,  if you really like the freedom of choice is BTC, and if you don't want to get hit and feel comfortable, yes, to USDT.

You are a better man than I can ever be, I just get mad at it when there are trolls about bitcoin, I can see they are lying and I can see that they even know that they are lying, I just want to make sure that we could probably do better with it if given enough time. This isn't always that simple, and we shouldn't really be considering the situation changing all that much.

We need to realize that not all people who write here do so because they want to share anything, some of them do it because they want to get hate, they like it, they realized that they can't be loved by anyone so might as well at least get hate and that is why they do it. This attention makes them live, it's the reason why they are doing what they are doing and if we stop giving attention, they would stop.

Op and his intentions (who knows) .... I couldn't read the second time to see if I'm the one making mistake, but the responses here are telling me that there's no need because it seems I got it right from the first read!   Just like the quote above, I can see mindset and mentality problems on the side of the Op.....even if just looking for whom to discourage about BTC....

 As it is, I believe the same thing happened in the emergence of mobile banking... They are not reliable this and that but today you can imagine (traditional banks has to measure up by also giving mobile banking services...
In the case of currency itself, crypto has given such move of which BTC has come to be @the top... There's no need to panic, some people don't use BTC because they lack the know how, if not I believe we all can imagine the level of usage?....

Right now
BTC is only not protected when any government decides against it for whatever reason or reasons... Even the banks and account owners can be under cyber attacks just like BTC and btc holders... All these and many more being the case, one can also point how the op was busy contradicting himself... Trying to discourage unprepared minds from equiping themselves to follow up with the present order of currency.....

Currency has received innovations since human history and presently we have crypto with BTC the ultra...
It can only be mindset and mentality towards BTC that will make some one not to take up any opportunity that BTC has and will provide....
However, the op is not without bias about BTC

Bitcoin is legal almost everywhere. What country are you talking about?

Have many reason why the dollar is save and good and bitcoin bad for people. For bitcoin payment system is illegal many countries. But the Dollar use any system any countries. If bitcoin usually using all countries but It's illegal system. So the dollar is more save for people.

Until now, because in this era, the majority of people around the world still use cash to pay, and not all places have internet. And we know that here in the bitcoin or crypto business,
you can't have internet. So it is difficult to suddenly get rid of the money at this age.

This will only cause an additional burden for the majority of people when the dollar or physical money is gone. So it's better for me that you have these two that
we can use in any place we land.

The subject of this topic is the return of goods and services once people gave up on them by joining a number-based payment system. It's mind boggling how literally every responder here vehemently ignores the subject and just spreads the usual Bitcoin propaganda or engages in ad hominems against the author.

Come on, just cut the crap. You're scammer for a simple reason of trash talking the banking system - which protects holders of its numbers, and sweet talking the Bitcoin system that doesn't protect holders of its numbers. Whenever I write a post demonstrating the said fact via different arguments, you come along with your ad hominem attacks or simply with talk that boils down to this: 'fiat is bad, bitcoins are good' or 'banks are evil, Bitcoin is our savior'. For some reason you became Bitcoin holder. In the same time, you know that bitcoins cannot satisfy your needs and wants, and you know that the system doesn't ensure you'll get good and services based on your holdings. In short, you know that the numbers issued by the Bitcoin system are bad. That's why you need to get rid of them. You need suckers to dump bad numbers on them. And the best way to attract suckers is to sweet talk about the thing you want to dump. To talk positive about bitcoins. Even though you know they are bad numbers. That's called propaganda. That's called scamming people. And that makes you a scammer.

Misunderstanding and misconception has always been the reason for individual lack of interest in Bitcoin investment, having said that, I don't think that it is a good idea to call some stuff a scam when you have not been into the system, people do this all the time, I agree with you that there should be increase in individual awareness and knowledge to avoid being scammed in the system as you said but I want you to also understand that people believe what they feel that's real for them, once individual mindset is biased about an investment such person fails to put interest in anything concerning that invest so once he or she hear anything relating to that investment he will discourage people about it, so I see this as ignorance, you don't know something until you are interested and a little trial will convince us towards the efficiency and transparency of the said investment, some person may prefer dollar because of reason best known to them but the truth is that Bitcoin surpass every other currency both in value and in other aspects.

Obviously, the dollar is in almost every home and it is the most common world currency; it is easy to pay with it, because it can physically be touched or transferred when paying for goods and services. But this is only on the surface, if we start to delve into the main meaning, then the dollar and bitcoin have completely big differences due to emission. After all, everyone knows that the dollar can be printed as much as they want, and this has already been said many times, while Bitcoin has a limited quantity. If we hold one bitcoin and do not sell it, then in 5 years with a high degree of probability it will become more expensive due to the fact that it is a deflationary asset. This will not work with dollars, because inflation constantly affects the dollar, and in 5 years $10k will be able to buy significantly less goods and services, I think many have felt this especially in recent years.

In general, the dollar is convenient to use in the moment. About Bitcoin, I can only say that some people may lose it because they do not know how to use it, and of course no one will give you any guarantees of its return, you will simply lose it forever, so you need to be careful.

Both of good one. But usage is changing. So bitcoin not use the cash. But dollar is use the cash mode. That the reason bitcoin will not use everywhere. Coming future bitcoin will be reach every country. Bitcoin users never will be lose the bitcoin. Wait for the wright time to process. Dollar everyone using.

-snip-
You have a long post here, perhaps I should explore them bit by bit over time and reply where necessary.

Are you saying that fiat is legit and Bitcoin is not? You are seriously missing facts. Why is Bitcoin in the main financial stream today if your view is to be upheld? Bitcoin will even protect people's goods and services more than fiat because it is decentralised but fiat can still be controlled by the banks and others and stop any transaction they wish to stop.

Bitcoin is better as long as you deal with trusted parties. In the worst case, you may have a legal agreement about this and your transaction will push through at all cost.

Hold on, conspiracy theorist. You directly accused me of being a liar and a scammer, so I'll ask you again, where exactly did I lie? Show me one single instance of me spreading propaganda or making false claims.  You built a strawman argument bigger than your ego. Where did you get the idea that I am actively spreading propaganda about Bitcoin? Show me the proof.

This is a textbook example of Bitcoin propaganda that I mentioned - banks are bad Bitcoin is good. Tell me, why did you write this text? The question is of course rhetorical. You wrote it because you want more people to join in. You want bigger demand. Why? Why is Bitcoin community so obsessed with the demand? With the price. Why is it that whenever Bitcoin is accepted by some institution or a country you are so happy sharing the news? It's simple. The bigger demand means that you will get more fiat and thus, more goods and services. Because this is your ultimate goal -  getting good numbers issued by the banks because they ensure you'll get goods and services back. It is cars, houses, food, mobile phones, etc. what you want. Not numbers on the screen. So, your ultimate goal is to dump Bitcoin on someone else. That's why you talk positive about Bitcoin and negative about the banks. Because you know that Bitcoin is bad numbers that don't ensure the return of goods and services. It's a simple reverse psychology trick. It's propaganda, it's scamming people.

While I agree with you that the message of OP is ill-fated and pessimistic over the Bitcoin, responding to the silly analysis and epistle is the best way to go about these kind of people. It is also good to note that, while everyone is entitled to their own opinions and interests, like that of OP, applying common sense is golden. This includes analysising and experimenting information before sharing such long-text of opinion that could be misleading.

Bitcoin is a decentralized system and unlike the centralized system of the fiat currencies like dollar, Bitcoin is not controlled by any entity, either by the private sector or the government. When you talk about speed of transactions and reliability, bitcoin is definitely faster and more reliable as you can make boundless transactions across the world within a blink of an eye. This specially makes bitcoin and cryptocurrency space more interesting to me. Also due to its cryptographic algorithms, bitcoin is far more secure to operate than the fiat currency and when you talk about transparency, bitcoin among other cryptocurrencies are recorded on the blockchain network which is accessible to other nodes and anyone else.

Although, the OP seems to already have a mindset before coming here which could include that he's been sent or employed to do so. But what OP may not realize is, he's only setting up the fiat currencies to be more exposed as there are many faults and misnomer around the centralized system of banking including artificial inflation which is caused by the unlimited printing of the dollar for the purpose of popularizing it against other currencies in the world.

You really want to tell us "Fractional reserve banking" are better than Bitcoin? This is what is wrong with some people.... they see the danger and they experience the danger, but they ignore it.

What have you learnt from the previous economic crisis, when the Banks nearly collapsed the global economy? Only people who worked in that system, benefitted from it, because they got bailed out with tax payer money and they received huge bonuses for preventing a collapse for something they created.  

Hahaha, how pathetic. First you deliberately misrepresent my words and then, based on that misrepresentation, you create a wall of text with ad hominem attacks. How pathetic you have to be to do something like that? The OP is not saying that the system doesn't protect numbers. It says that it doesn't protect people. The Bitcoin system does protect the numbers it issues. However, it doesn't protect people by ensuring they get goods and services back once they traded them for the numbers.

Someone who joined the Bitcoin scheme just thinking they will profit is not a scammer. They are just greedy, naive or ignorant for thinking that if someone in the past managed to get a big bank-issued number in exchange for a small one issued by the Bitcoin system,so will they. But someone who actively spreads propaganda about the latter system and lies about the former system in order to get more bank-issued numbers is a scammer. Because let's be real - the ultimate dream of everyone that joined this Bitcoin scheme is to get as much of bank-issued numbers as possible. All of you Bitcoin evangelists are here only because you want to dump bad numbers(bitcoins) on greedy and naive people and get their money (good numbers). Those romantic stories that you preach, stories about the salvation that Bitcoin will bring is just cheap propaganda invented to scam the public out of their money. It's that simple.

Going with this logic, does not our Bitcoin holding value crash when the Bitcoin market collapses?  I do not see any difference when the main factor that generates the value of each currency collapses.

I wanted to be neutral here and I think both monetary system are great in their own ways.  Bitcoin enables us to have better privacy and freedom while fiat currency enables us to confidently spend our fiat holdings due to the support and insurance of the government.

I believe they have both strengths and weaknesses and instead of making these two systems compete, why not take advantage of the opportunity these two monetary systems give?  Make these two systems a tool for our growth and convenience.


I think the Bitcoin system and other cryptocurrencies' can be made to seize. freeze or reject transactions of their respective coins.   It is that the Bitcoin developers and miners choose not to. But to think that the instruction is just a piece of code, any time the Bitcoin developers and miners agree to implement such a thing, the Bitcoin network can freely freeze or seize any asset.  We are just lucky that most of the miners and developers are not as corrupt as these government officials are. Although they have their agendas, the Bitcoin developers and miners are good enough to prioritize the purpose behind the creation of Bitcoin .

Like Hatchy rightly said, you are a Bitcoin hater and even you believe so much in the dollar, what are you doing here? What are you trying to achieve being here instead of focusing on the dollar. Your post is bias and shows you lack a full comprehension of what Bitcoin is and how it can impact on human lives. You have also dispel the problems bedeviling the fiat system such as inflation, control by the authorities and many others. If you know the freedom that Bitcoin offers, you will not make a skewed post like this that ignore the fact that people do not have access to even FX for international business in some part of the globe because their governments controls and restricts everyone. I will leave you to wander in your narrow knowledge of the power of Bitcoin and hope that one day you will wake up and start accumulating Bitcoin to benefit from the gains it has been delivering to those who trust it so much to hold.

Rug-Pulls. Wallet Sniffers.

We even have sam friedman, who stole 8 billion from customers using a hedge fund.

The underlying, economy behind bitcoin are even criminal marketplaces.

Thats the reason bitcoin, was sustainable in the first place, you could use it for illegal things.

All around, bitcoin is one of the best crypto currencies, but' it is very easy to exploit.

I could even fake it like I am sending you bitcoin, and reverse the transaction.

It is a new currency compared to the US, dollar so this is normal.

Don't forget stake being hacked for 42 million in bitcoin, all because they accidentally leaked their seed phrase.

Try and do that with chase, your done.

I disagree entirely.  Bitcoin is WAY more Secure than a Bank Account.  You say it is not as Secure because Bitcoin can be stolen and nobody can do any thing about it.  Well.  Banks can fail with Millions in your Accounts and chances are you can do nothing about it.  Maybe except recovering up to 100 Thousand Dollars or less.  Banks can seize Money from your Accounts if the Government decides to forcefully seize it or to attack you.  And there is nothing you can do about it.

Bitcoin on the other hand is impossible to attack.  Unless someone miraculously generates the exact same Private Key or Seed as yours, which is almost impossible, or unless you did not take care of your Seed or Private Keys which is your own responsibility.

I doubt that.  Why do you think so?

You are right. His account trust rating says it all about him, that he's a troll, needs to be ignored, and has a ban evasion from the forum.

I read through his created posts thread, and all I saw was someone saying thrash, no meaningful post about bitcoin other than him being a bitcoin hater.

It is not a childish accusation.  You clearly do not understand Bitcoin.  Talk to Peter Schiff, he once did not understand Bitcoin either while pretending to fully understand it.  It worked partially, until he embarrassingly tried to accuse Bitcoin of Scamming him when it was clearly his own fault for not understanding how Bitcoin works.

You do not understand Bitcoin.

No, absolutely not.

Bitcoin is safe, and secure, in a sense, of anonymity. Where as I am 90%, sure, sending this transaction, you will not be able to trace it back to my face.

But.

As far as security, if I steal your money. That is very limited. If I steal your money, there is very little you can do about it.

Now there will be a digital trail left.

And, if the amount is high enough you can get legal authorities involved.

But by then I would have already mixed your money, and I will be in paradise, sipping, a margarita.

I am saying this because I have studied, federal investigations, of fraudsters, and crypto scammers, and have somewhat-of a decent knowledge, around crypto currency.

Hopefully, you cannot be offended by this opinion.

Bitcoin is not as secure as your bank account, that's for sure.

It is easier to steal one million bitcoin, rather than, one million out of someone's bank account.

But heres the real problem....


Mr. JamesZ. You may be a very smart individual, and are actually not trying to scam anyone.

Nonetheless, we live in a digital age, where everyone, has a very short-attention span.

Try articulating your thesis, within the first 5 seconds.

Whatever your point, or argument is, let that be the one of the first thing you say, to provide context to the reader.

Because I like the other viewers, do not know what your point, or thesis is. Or maybe like you said you are just educating people. But what are you educating us on.

Hey JamesNZ,

Once again, you've proven yourself to be a liar and a fool. Your complete lack of understanding when it comes to Bitcoin is astounding, and your attempts to spread misinformation are pathetic.

The fact that you think there's "literally no one and nothing in the system to protect people" shows that you have no idea what you're talking about. The consensus rules and proof-of-work mechanism in Bitcoin ensure that the system is secure and that users are protected.

But let's be real, you're not here to have a genuine discussion. You're just a troll who enjoys spreading lies and causing chaos. Your rude and disrespectful behavior towards other users is unacceptable, and it's clear that you have no interest in engaging in a civilized conversation.

So here's a suggestion: how about you do some actual research and educate yourself on the topic before spouting off your nonsense? Or better yet, why don't you just shut up and stop wasting everyone's time?

No one has any patience for your lies and your bullshit. Get a clue or get lost.

On the contrary. When you call someone a scammer, especially without proof, the burden falls on you to back it up.  Accusations are cheap, facts are what matter.  You're right, this conversation isn't about you either, but your baseless attacks make you look pathetic, not me.  Frankly, if anyone's "selling" something, it's desperation.

But hey! Even a payment system with "bad numbers" (as you so ignorantly claim) still gets the job done. So, there's that.  

Dollar value will lose value day by day due to inflation. But the price of Bitcoin will continue to rise in the future. Many believe that Bitcoin will be worth $1 million or more in the future. Today you can buy 1 chocolate for 1 dollar, 10 years from now you won't get 1 chocolate for 1 dollar. If today you can buy 1 car with 1 bitcoin, 10 years from now you can buy 5 or more cars with 1 bitcoin. So I think bitcoin is better than dollar at present.

What the difference is that your bitcoin is your bitcoin, it is in your wallet, it's yours, whereas dollars or any other fiat basically is not yours, firstly it's the bank's money and not yours and if the bank collapses then your money goes with them, which means that the money was never yours, it's attributed to your name by the bank but it's the banks money.

Secondly, it is also terrible because government could seize it anytime they want, not that they would because it would mean that they would never be elected again and it must be some coup or something for that to be real, but it is also not impossible neither, that's the issue. All of this combined means that while bitcoin is also just numbers on a screen, at the very least nobody else but you could touch them ever even if they want to, whereas in the fiat world a lot of things could go wrong without you touching it and make you lose it. Plus bitcoin goes up when fiat gets weaker so it is a much better asset too.

The US Dollar, like any currency, can have one or more of the following uses:

1. A means of transacting value between two parties.

2. An investment instrument.

3. A measurement metric.

Bitcoin is primarily used for #2, an investment instrument. It is very poor for transactions unless they are very large, and even then Bitcoin is typically more expensive than even international bank transfers. Bitcoin is basically useless as a measurement metric since it's value is extremely volatile and not widely understood.

The US dollar can be all three of these, and is surely the most common means of transacting value in the world. The Dollar is also often used as an investment instrument, although anything could be used this way, not just currencies.

Where the US dollar is unique is its ability to provide a ubiquitous measurement metric for value, and the US Dollar is, far and away, the most common means for this usage in the world. Other major currencies e.g. the Euro and the British Pound also fill this role in their respective dominions, but only the US Dollar is used throughout the world as a "reserve metric" that gives everybody in the world a way to ascertain a value. In other words, whether it's Bitcoin, a lesser-known currency, or car, or an hour of labor of some kind, of an acre of land, or anything else, the value in question is always converted to a metric well-known to both trading partners, and that is almost always the US Dollar.

In my opinion, the US Dollar will live forever in this last role, even if other currencies completely take over its role for #1, and other investments take over for #3.

In the future you will have a universal "wallet" that will hold value using a variety of investment instruments, which will be drawn from automatically when you need to transact.

The mechanism to transact will be some digital currency, presumably one that scales to handle all of the daily transactions in the world e.g. not be blockchain-based.

And the means of measurement will be US Dollars: in other words, your "wallet" will have a total value, listed in US Dollars, and each investment instrument will have a US Dollar measurement as well--and yet the wallet may not even have any actual US Dollars, in the same way your investment account or crypto wallet has no US Dollars in it.

No need to provide any evidence of that kind. This is not topic about you. Its about the difference between bad and good numbers in payment systems. I have my own reasons why I think you are a scammer and a liar. You can think about me the same way. But it's obvious who is selling something here.

You know, what does it mean? It means, that the banking system was so bad, and failed so hard, that it pushed Satoshi to create Bitcoin in the first place. If dollar would be so good in 2008, then Bitcoin could never exist. But it was created, because of that exact reason: because of "second bailout for banks". So, when we can expect the next "bailout"?

Also note, that from purely technological point of view, it could happen much earlier. The "bailout" only pushed things further, and it was a trigger to make it real: https://gwern.net/bitcoin-is-worse-is-better

Then by your own logic, you should hate yourself too. You also spread lies and propaganda just like the scammers and fraudsters. What your goal is, I have no clue. But educating people? Absolutely not. Lies and propaganda aren't tools for education.


In your last thread, I challenged your statements because you made at least three demonstrably false claims in a single post. Here's the reference. Now, can you point to any specific instances where I lied? Do you have evidence to support such claims?

But I don't hate you for that.  Disagreement doesn't have to lead to hatred.


Scammer? Really? Spit it out then. What's your specific accusation? Got any evidence to back it up, or is this just another one of your pathetic lies?

I said that I hate people that spread lies and propaganda. This is the main tool of scammers and fraudsters. That of course can be someone I never met. It's enough to hear what they are saying. You're the one of such people. You spread lies and propaganda. And of course that I hate you. You're the scammer that wants to extract as much fiat(good numbers) as possible from the public in exchange for bad numbers that you have. It would be a sign of a moral decline not to hate people like you.

You lie and twist my words again. It seems to be a habit of yours.

I never asked why you're "mad at scammers." My question was why would you hate someone who has done nothing wrong to you?

You specifically said, "So it is people like you what I hate. Not numbers."  Are you saying you hate people you've never even met? That's not normal behavior, and if I'm not mistaken, it could be a sign of a deeper issue.

Most of the persons thinking about bitcoin scam. But most of the persons Don't knowlages about Bitcoin. So before use the Bitcoin. We need to improve the knowledge. Knowledge is help to avoid thr scam. Dollar is easy use and reach the every where. Dollar is good one. But bitcoin is best investment.

Why is it that whenever you Bitcoin evangelists see some argument against Bitcoin you always repeat literally the same childish accusations: "you don't understand Bitcoin", "you hate Bitcoin", you're mad because you didn't buy cheap", "you're a boomer", etc. Wherever there's a post or an article against Bitcoin, you evangelists come along and troll the comment section with that stuff. It's like you all read from the same manual. If we add to that your practice of excessive devotion to numbers on the screen it is no wonder more and more people view you as crazy cult members.

Btw, being mad at scammers and fraudsters that spread lies and propaganda to extract money from the public is a reaction of every normal person.

Why would you hate anyone? Your anger is misplaced. Not everyone involved in crypto is out to scam people. You can't educate people about something you know absolutely nothing about yourself. You are a proven ignoramus and use lies and distortions to cover up your ignorance. If you're frustrated, focus that energy on understanding the technology instead of throwing out baseless accusations.

Why would I hate numbers on the screen? I hate people like you that spread lies and propaganda with the purpose to extract good numbers(fiat) from the public and dump them bad numbers(crypto). People like you were either stupid, greedy or naive to join these idiotic crypto schemes, others dumped bad numbers on you and now you're forced to spread lies and propaganda to dump them on someone else. So it is people like you what I hate. Not numbers.

well yeah i mean anywhere i want to buy something i need fiat, not bitcoin! so yeah i mean obviously fiat has value as a tool. you're not convincing me otherwise.


yeah i don't really know what that means "legalizing bitcoin". there's no way the united states is ever going to move from fiat to bitcoin because then they would lose the power to print money out of thin air! and lose control over the people. and lose everything.

Worthless? Every tool has some worth and fiat as a tool has worth as well!
Why do people measure price in fiat? Simple, fiat is a currency and value of everything can be measured in currency terms including value of money (aka bitcoin).
Why do they "cash out"? Simple, bitcoin's is still in its infancy so its adoption is still low so they have to convert their bitcoin into a currency that is already mass adopted until the day bitcoin reaches mass adoption.

To be fair, fiat isn't useless and you're right, if it were useless people wouldn't have converted BTC to fiat or it would still be in use today, which shows it's very useful. But BTC is not as bad as what the OP said, BTC and fiat both have different use cases and both bring us value in use. Both still exist and grow together, governments are gradually legalizing bitcoin and we can take advantage of both without having to compare or badmouth each other.

Anything that consumes electricity emits emissions and harms the environment, not just bitcoin. Even operating the current monetary system creates emissions many times larger than mining bitcoin. The important thing is that they consume energy but create value, benefiting us and that is the price we pay for modernity.

The only thing that holds fiat together is fiat, that strict order by the government for everybody's compliance. That's the main thing that prevents fiat from crumbling down despite its abuses and absurdities. So, yeah, despite fiat's rotten system, people are forced to accept and pay it.

You want to have a haircut, you can bring a piece of paper to a barber assured that he will take it as payment. That's despite the fact that you and the barber are abused in more ways than one by using it. For one, the barber spends long tiring minutes to earn that piece of paper while those powerful people giving the orders forcibly demanding everybody to use it are earning so much of it by merely printing it themselves.

Now, take time absorbing why the dollar is bad and Bitcoin is good for everybody.

if fiat is so worthless then why does everyone want to compare how much fiat 1BTC is worth? and why do they have to "cash out" their bitcoin into fiat? if bitcoin was really valuable, you wouldn't need to cash it out into something worthless so it could be used to pay bills, buy food, etc.

converting electricity into btc is a one-way operation. you can't go back in reverse. that's why bitcoin has environmental impacts/issues which need to be scrutinized in an ongoing manner. to make sure that it is not destroying the environment.

OP, you're right. And I'm on a mission to help people who've come to realise the same thing you have to get rid of their Bitcoin as fast as possible.

Immediate P2P settlement with me. Sell me your Bitcoin and I will give you for every coin... not the zero you think it's worth but USD 100 (yes, the precious commodity you believe in). Pure Benjamins, freshest possible off the press. Good deal? Now go get me those worthless BTC quick!

You might not realize it or are too stubborn to accept it but you proved to yourself with your words that traditional financial systems are flawed and their only purpose is to earn money from you as a customer which isn't the case with Bitcoin or cryptocurrencies because no central authorities are handling or controlling anything.

Comparing a loan with a mining reward is a flawed theory in itself because a loan is an amount of money borrowed for a fixed interest being paid on top of it when the money is being repaid whereas a mining reward is a reward that is received for doing something, and when you do some work and get rewarded for it, you are not obliged to return that or give anything back to anyone, that's why it's better.

And what's the protection you are talking about? Bitcoin holders or users don't need central protection, and I don't see how banks are protecting their customers. If you take a loan and don't repay it on time, your property is taken back, right? How is that protection? If you say someone can use the money to buy goods and services, I would say the same thing can happen with Bitcoin but with the benefit that no one would be watching your transactions and keeping an eye on how and where you are spending your money.

OP is a troll that's trying to get your attention and it just so happens that bitcoin being a bad thing is a really good way to mess with the nerves of many people here in the forum and OP loves the attention he's getting out of this so he continues doing this kind of thing because it's a fun thing to do. I guess there must be some genuine need for OP to debate on this topic but seeing the wall of text and his way of doing things in the past, I don't think it's to generate a discussion but rather to deal just do what he's doing right now.

Whoever said Bitcoin is bad? Sometimes I don't know if some members of this forum just wake up from their bed and take some alcohol before writing in here. This is shit threadand am disappointed by the OP.

Thank you for saving our time.
The topic caught my attention and I was curious about why Bitcoin is bad for people when it was created to complement fiat and provide people an alternative to escape the flaws caused by the government through fiat mismanagement.

The internet is full of both sides of the story.  If you truly want to educate, then equip people with the knowledge to make informed decisions.  That means acknowledging the potential downsides of Bitcoin alongside its possible benefits.  If your arguments focus only on one view, then you are also spreading lies and propaganda about Bitcoin. Just the other way around.

Yes, the one who posted it is someone who hates Bitcoin and that's why he came with such negative ideas. Everything that's written in this post if just useless and one should avoid wasting his/her time by reading such a baseless and useless post.

I've gone through it and I can surely say that OP has nothing to do but to make such posts and those who know such people should either ignore them or just avoid reading their posts.

I wonder how you people come out of no where and start pushing this weird narrative.  Do you just happen to wake up randomly one day convinced you must milk Banks and Fiat and tell every body Bitcoin is bad?

You are right and just caught us red handed pretty much.  The Dollar protects us so well it lost 95 percent of its value over the past 100 years.  Sounds like a very protective Asset.

Did you have to complicate Mining so much?  Miners help Bitcoin stay up and running and verify Transactions.  They get rewarded for it.  Many of them have to often wait for years before the rewards exceed the costs of Mining.  We are and should not be owed anything for their work.  What do you want?  A 5 Dollar Target coupon every Block?  A free Lottery Ticket every time you spend?  Do you think Miners should be forced to do something?  I never heard of some body calling Bitcoin out for not promoting slave labor, this is a Currency promoting FREEDOM.

I can have 1000 Dollars on me and go to a random country that does not have Dollars as legal tender.  If I try to get a haircut, I will not be able to unless I found some body good willing and exchanged my Dollars for the local Currency so I can use it locally.  Dollars are not magical pieces of paper that are accepted any where.  You may argue Dollars can be put on a Debit Card and spent any where in the World.  Well, so can Bitcoin.  Dollars need to be exchanged to local Currencies, so can Bitcoin.

In fact, you could go to El Salvador and get a haircut for Bitcoin.  You make no sense.

But you know what.  You stick to your Banks and Dollars, I stick to my Bitcoin and Freedom.

And do you understand that anyone can come up and decide to teach people anything they sole wish or desire; in the name of educating the people, right ? They can teach propaganda too, teach lies, things that are not real, or not as they truly are, and this is exactly what you have done here, or doing actually.

I am not disappointed really, for a man once said that, if no body is opposing what you are doing, then there is a very high chances that you are doing the wrong thing, you opposing the use of bitcoin here only proves and says one thing to me, and that is that, my involvement in bitcoin is the real deal, keep going - this is what I hear.

Keep day dreaming and staking up the dollar, while those of us in bitcoin do same but with Bitcoin, and if we are not stopping you, then don't try to stop us also.

this guy again with all his bs. don't you get bored of writing this stuff? you're writing this on a bitcoin forum where no one will care about what you say. you'd be better off moving to a forum that discusses fiat or banking, maybe people there will be more welcoming to the topics you want to discuss with them. honestly what you say won't change the views of people here who already believe in bitcoin.

I don't know if you are saying this either out of ignorance or you are saying this simply because you want to draw attention to your stupidity, of which its obvious you finally succeeded. So if I may ask who told you that by investing in Bitcoin people can't have value for it in terms of goods and services offered? Because if that's the perception you have been having, then it's a wrong perception, because ever since Bitcoin was created as a digital currency, it's investors has always been able to equate it's price to the current value of goods and services in the market, just like in the case of Lazio who bought 2 pizzas with 10,000 Bitcoins 14yrs ago. Hence, the value of Bitcoin that can be translated into goods or services is a factor dependent on time.


With this statement, it's evident that you lack knowledge about how the principle of money works, because if you had an atom of clue you must have known that money either physical (i.e Cash) or digital (i.e electronic numbers) all have the same value, and can be used to acquire whatever item dime fit buy by the investor.

I came across this thread and I've got to say, there are some factually incorrect statements that need to be addressed. I'll try to keep it simple.

1. Money is a tool for trading goods and services, not something that prevents people from satisfying their needs and wants.
2. Both banking and crypto systems have their own ways to secure transactions, not just banking systems.
3. The value of any currency or asset, including bitcoins, can go up or down.
4. People use different payment systems and currencies for various reasons, not just to make a profit.

You know what they say, spreading lies is like playing with fire - it might not burn you, but it can definitely make people think you're up to no good!

Bitcoin is not just hard money but also a monetary network. Bitcoin is fairer and more transparent than the current fiat system we live in. In the midst of the financial crisis of 2008, the creator of Bitcoin left a message in the first block of the Bitcoin blockchain, known as the Genesis Block, quoting the headline of The Times: "Chancellor on brink of second bailout for banks." His idea was to create a fairer and better monetary system, a decentralized deflationary money in digital form that no one could control or print indefinitely.

During the financial crisis of 2008, central banks released massive amounts of newly printed money to save the banks. The cost of that bailout was paid by ordinary people like you and me because our money and savings lost value. The value decreased because the money created out of nothing and given to the banks devalued the money we earned through work. This injection of money into circulation causes inflation, which we can describe as a decrease in purchasing power. It is clear to everyone and felt by everyone that 100 euros today can buy much less than what the same 100 euros could buy a year ago. This is inflation, or a hidden tax that we all pay together. But we pay it with money we have to earn, while governments and banks pay it with money they create as needed and in whatever amounts they require, just like the creators of altcoins. This is the harsh reality of today's world.

When people use money, they don't necessarily or even usually give up the goods that they need. Unless we're talking about someone selling their things to get some money, it's not happening. People earn money by working or get money from this or that financial support source, dividends, etc.
Money is convenient as long as lots of people who have the things and services we require accept that money. Bitcoin isn't widely accepted as a direct form of payment, but it has high liquidity and can be exchanged for fiat fairly simply. Also, Bitcoin is often used as an investment rather than as a payment method, so it's okay that Bitcoin isn't as widespread as the USD.
Speaking of the USD, you can't use it directly as payment in most countries in the world; you'd need to exchange it for local fiat. That makes it not that different from Bitcoin because you need to exchange Bitcoin as well.
Money doesn't require banks or authorities to do anything, as long as people can agree on its value and trust in its value.

Why you can know that people will get bored and will not invest in bitcoin anymore. The fact is that bitcoin has gained so much adoption worldwide and is one of the best investments now. There is value and there are advantages to be had so people's trust in bitcoin is growing so much that the decision to invest because it has good prospects with the right level of accuracy.

If fear is as you convey then I also want to ask one thing. Is it possible when you run a business in the future that the business will not go bankrupt? Then how do we live this life, should we just follow it or dare to get out of the comfort zone to achieve success.

If you study how the world economy is played by governments or certain groups then you will come to the conclusion that authority and control is a bad system. Dollars, Euros, Pounds and other currencies have control and they are distributed through systematic agreements with various pretexts. So just focus on the goals and targets because what we need is not a system like before but a process that can work, because we seek profit from any process as a step towards financial freedom.

Your post history is nothing but garbage about Bitcoin. Okay you hate Bitcoin so why are you active in a Bitcoin forum. You want attention? Well you are not going to get any here. The internet is full of propaganda and lies about Bitcoin like the one you’re spreading here. You’re not doing anything new, the media has been against Bitcoin from the start and the public are still able to see through the lies and that’s why the Bitcoin community is waxing strong.

"Why is the Dollar good and Bitcoin bad for people" is your question and to answer this, I would like to go simply with looking at purchasing power of the US. dollar and Bitcoin over years. You can expand it to Satoshi per dollar chart.

Purchasing Power of the U.S. Dollar Over Time
Satoshi per dollar

The US. dollar has decrease of its purchasing power over time while conversely Bitcoin has its increase of purchasing power over years.

I thought as much because from the title of the post i knew it will have no relevance to the community and this show that this is another bitcoin hatter but why come to the bitcoin forum to say trash about bitcoin when clearly almost everyone here are bitcoin supporters so i still don’t get why OP went through the stress to create such a lengthy trash.

i think the OP is actually now trying to do us all a favour, by explaining that the fiat banking system creates units of currency at zero cost and then turns the receiver into a slave to pay the banks back

where as bitcoin has a system that people can use devices and electric to create the units (which dont need to then return the units to the creation device) but instead able to then offer them units to others in exchange for other items of value at or above the cost of creation to recoup their costs
(invest in materials and energy to create units to then sell for goods and services)

jamesNZ is now playing the antithesis game of saying the opposite to promote the obvious benefits of bitcoin
after all who wants a system of slavery to repay something created at no cost

But we don't need anyone to teach us about bitcoin. We may not be experts in finance or economics, but I think we know enough about bitcoin and what we're doing without anyone teaching us.

Good or bad Bitcoin, the best way is for the whole world to judge it. Just because you say it's bad doesn't mean it will be bad, just because I say it's good doesn't mean it will be good, looking at how the world treats it is the most accurate answer.

If I remember correctly, you are the only person left on the forum who still has a negative opinion on bitcoin. I don't know the reason behind it but if you really don't like bitcoin, you just ignore it and never pay attention to it. Just continue your love for USD, why do you like to attack others, what benefit does it bring to you?

I respect your opinion, I think everyone has the right to their opinion, right or wrong what they say, but they have the right to their opinion. Now it seems to me that you are forgetting one thing:

You can't have bitcoin out of nowhere, for example I ask you: do you have bitcoin? If you don't have bitcoin, you won't sit down and say: "Bitcoin appears now" and bitcoin appears. That's not how things work. For you to have 1 bitcoin you only have a few options:

1 - buy mining equipment: you will have to take your dollars and go buy the mining equipment and mine, this will involve paying for electricity so that the mining equipment works or mines the bitcoin

2 - work on some bitcoin exchange or crypto casino or signature campaign and get paid by bitcoin.

3 - deposit your dollars in the bank and buy bitcoin

see in these first 2 options you are providing a service and are being paid for that service, because bitcoin has value. If you deposited $1000 into your bank account and bought bitcoin, that bitcoin is your property that you keep in your wallet. When you sell depending on the price, you can get your $1000 back. For example, I buy my refills using bitcoin as a payment method.

you need to separate hate from knowledge. You can hate bitcoin, and that's your right, but you need to be impartial when talking about bitcoin and dollars

I have ones be like you before until I realized that the government are indirectly scammers. They created fiat and call it legal tender which they are manipulating frequently. The manipulation would behave been better or good if the price of the fiat is increasing but the government prefer to always decrease the fiat price of the country they are governing. Anyone that save his money in fiat will lose. That is the characteristics of fiat

Bitcoin is a speculative asset and better than an assets that only have devaluing design like the fiat and dollar is among them.

It took me to read the middle part until I realized this clearly is a word dump. Even through the middle I couldn’t understand exactly the point. Sorry, op but I see no real value in this post.

I don’t even want to bother checking it to point out what I may disagree in. I don’t understand what you are trying to conclude. Better if you can explain it in a fewer words. 

That's called educating people. I am educating people about Bitcoin. Because the internet is full of propaganda and lies about Bitcoin. The purpose of propaganda is to extract as much good money(fiat) from the public as possible and dump them bad money (bitcoins). That's why the public must be educated.

That doesn't make any sense whatsoever

You are basically saying that fiat that has no cap and is printed out of thin air without anything backing it, specially something like the dollar that is currently more of a Ponzi scheme where the government prints about a trillion of it every 100 days and then sells that "debt" to other countries is a "legitimate system" while Bitcoin which is being mined and has a cap so it can not be printed out of thin air and its supply is not creating "debt" is not!

I honestly stopped there and didn't bother with the rest of the wall of text about banks and loans, etc. lol

What protection else do you seek with bitcoin and you can't find?

Talk about security and privacy, you will discover all from the bitcoin network and the blockchain technology system, maybe you have to read about bitcoin nodes and what they are, then also go through some features of blockchain such as immutability, transparency, trust and more.

But were you just waking from a sleep or what, this is Bitcoin we are talking a about and not shitcoins, have you wondered why many are desperately interested in learning about bitcoin and adopting it for their daily transactions, acceptance of payments, investment asset and many more, this was because bitcoin has given some opportunities we could never have achieved with the use of fiat currencies, just look at 14 years of it's achievements and still counting with no compromise.

Another shity thread from a long term spammer and Bitcoin hater. No need reading this guys, it's just full of shit. Let's leave it for his likes

In order to satisfy their needs and wants people need goods and services. They need food, clothing, energy, furniture, a roof over their heads, clean streets, medical services, etc. However, when they join some payment system, such as banking, they give up goods and services for banknotes or deposits - something that cannot satisfy needs and wants. If you traded your house for a deposit you gave up a good that can satisfy a lot of basic needs, and in return, you got just numbers on the screen. Something like this: "234,899.95 USD".

For that reason, if a payment system is legit it has to be able to protect people by ensuring they get goods and services back. Banking payment systems do have such a protection. The proposed alternatives to those systems, known as crypto payment systems such as Bitcoin, do not have it.

If a US bank issued a loan or if the Federal Reserve subscribed to a government bond that gave rise to dollars, that is, numbers. For example. Granting a loan to a person means that a bank creates numbers out of thin air and puts them on a deposit account of that person. The person then goes to the market and trades the numbers for goods or services. Let's say they trade them for a house.

At first sight, this looks crazy. How a person who had nothing yesterday can have a house today just based on numbers issued by a bank? Why would anyone give up a house for a number? But it is not crazy because that number must be returned to the bank. Moreover, returning it is so important that in the case of default the bank will foreclose the house.

Essentially, what that means is that the banking system forces loan beneficiaries to work for those that hold dollars, or to sell them goods and services. Only in this way can they get the dollars and return them to the banks. In other words, via the system of pledged collaterals, loan contracts, government bonds, etc. the banks protect dollar holders and ensure they get goods and services back. For instance, if loan beneficiaries default on their loans and fail to return dollars to the banks, their property will be foreclosed and sold at auctions. Who will have access to those auctions? Well, the dollar holders. Banks issued dollars via loans and must accept them to liquidate unpaid loans. So if dollar holders don't get goods and services from loan beneficiaries on the market, they will get their foreclosed property at auctions. Of course, government bonds don't ensure getting back goods and services but they give the ability to fulfill a tax obligation. The government must accept dollars as a tax payment to be able to pay off their bonds subscribed to by the Federal Reserve.

But let's now go to Bitcoin. When someone says that bitcoins are just numbers on the screen, the automatic response by the Bitcoin proponents is this: "So are the dollars". They are basically saying that if you trade goods and services for the numbers issued by the Bitcoin system this is like trading them for the numbers issued by the US banking system. But this is of course not true. Unlike the banking systems, the Bitcoin system doesn't protect holders of its numbers.

The so-called Bitcoin miners who initially receive numbers from the system and then trade them for goods and services are not like loan beneficiaries in the banking systems. They are not forced by the system to return numbers to the system. So they are not forced to work for Bitcoin holders or sell them goods and services to get the numbers. Even if they got enormous amounts of tangible property for the numbers, they have zero obligation to return anything to anyone. The whole Bitcoin system is just a giant database showing the past and current number holders. There is literally no one and nothing in the system to protect people by ensuring they get goods and services back.

If you gave your house for bitcoin, the only thing that can save you is someone's good will to enter the system and give you some good or service. But if people get bored of bitcoins and don't want to invest in them anymore, you are left with nothing. You gave up a house, and in return you can't even get a haircut.

Of course, people mostly don't trade goods and services for bitcoins. They trade numbers issued by the banks - dollars, euros, pounds, etc. Bizarrely, they give up numbers that are good for them due to the said protection, to get numbers that are bad for them because they lack such protection. And they do that because someone and something convinced them that such bizarre trades will become massive in the future and earn them a lot of bank-issued numbers.