Quote from: HugoStone on November 21, 2016, 07:14:02 PM

Think about what a financial transaction amounts to. You walk into a shop, are 'charged' as a debtor, found 'guilty' by default, and ordered to hand over a token symbol of your 'guilt' to 'pay off' your debt. It's ridiculous though, because the token symbols we use are promises to pay (actual and digital promissory notes) that can only be converted into other promises to pay. OK, you can exchange a promise to pay for goods and services, but that just repeats the above cycle. You can only convert a £5 note into another £5 note, or other denominations of debt representing the same amount. We are asked to repay debt with debt, which makes the debt meaningless precisely because it can never be repaid. If you think about how modern money is created then it quickly becomes apparent that the debt never existed in the first place - it's just an illusion. It can't be paid back because it was never supposed to be paid back, because it doesn't really exist.

We have literally made an idol of money. All forms of money are just symbols that we attach meaning to. A dollar is just a dollar sign, and a pound is just a pound sign. The virtualisation of money itself makes this even more clear, because we're worshipping a non-existent entity - just the symbol (£/$/BTC etc.) itself.

Let me clear that up for you
Think about what a financial transaction Actually is . You walk into a shop, are 'charged' for any goods or services and Pay the Vendor for said goods, so the next time you arrive he will have the goods or services you need verses Robbing the Vendor and him not being there next time you need something. Tongue

Your idea of creating a separate illusion will not work , as you have given the vendor & regular people no reason to fall for your illusion , except for your understanding , that since the bankers are creating an illusion , you can too. Illusions don't work that way, Vendors & regular people actually have to really believe your illusion, which the bankers used the gold standard in the beginning (A physical asset) , your illusion does not offer a Physical asset , so it will never fool anyone.

Money has only become an illusion when they removed the Gold Standard in the 1930s, until then the Fiat was directly exchangeable at a bank for gold.
It did have value which was lost, The guys perpetrating the illusion of amount of value offered are the Bankers, not the shop keepers or regular people.

Quote from: HugoStone on November 22, 2016, 02:16:09 AM

Seven years after its introduction and Bitcoin has what? Two million users globally? Three million? Maybe five million? I'll be generous and say ten million. Could it be that there's a chronic mismatch between what Bitcoin provides and what people actually want or need? That in terms of what they want and need, Bitcoin provides them with nothing that the existing system doesn't already provide? That it's not a real alternative?

BTC was the first , and it has some advantages to begin with , like being able to pay someone on the other side of the planet fairly quickly.
The Infrastructure is still being built , that will allow a world wide virtual currency.
Compared to cars , which also was many years before there was mass adoption.
https://www.thehenryford.org/explore/blog/before-the-model-t-henry-fords-letter-cars

We are still in the early phases of crypto, the final winner will be Truly Decentralized, Energy Efficient, Quantity Large enough to be global, but still be affordable,
That coin is not BTC (in its current configuration), but another. Wink

Timeline will be determined by Diffusion, Everyone here are early adopters, there are many more stages to come before mass adoption,
https://en.wikipedia.org/wiki/Diffusion_of_innovations

Quote

Innovation :
Innovations are a broad category, relative to the current knowledge of the analyzed unit.
Any idea, practice, or object that is perceived as new by an individual or other unit of adoption could be considered an innovation available for study.

Adopters :
Adopters are the minimal unit of analysis.
In most studies, adopters are individuals, but can also be organizations (businesses, schools, hospitals, etc.), clusters within social networks, or countries.

Communication channels :
Diffusion, by definition, takes place among people or organizations.
Communication channels allow the transfer of information from one unit to the other.
Communication patterns or capabilities must be established between parties as a minimum for diffusion to occur.

Time :
The passage of time is necessary for innovations to be adopted; they are rarely adopted instantaneously.
In fact, in the Ryan and Gross (1943) study on hybrid corn adoption, adoption occurred over more than ten years, and most farmers only dedicated a fraction on their fields to the new corn in the first years after adoption.

Social system :
The social system is the combination of external influences (mass media, organizational or governmental mandates) and internal influences (strong and weak social relationships, distance from opinion leaders). There are many roles in a social system, and their combination represents the total influences on a potential adopter.

FYI:
Flaws in your specific illusion, is it fails to consider two primal issues.
1. Physical Resources are not Unlimited .
2. Your Illusion fails the believably test, because you are not initially backing it with a physical resource.

FYI2:
Even BTC is being backed up by False Fiats (Dollar/Yuan) on the exchanges, But people still believe in Fiat as long as someone else takes it.
You want your illusion to match the others , you got to back it up with something others consider has worth.