Ninjastic
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Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
realr0ach
on 24/12/2017, 01:58:21 UTC
Quote from: Torque on December 24, 2017, 01:53:03 AM
Quote from: realr0ach on December 24, 2017, 01:46:48 AM
Quote from: Torque on December 24, 2017, 01:38:09 AM
Explain how I can securely send gold or silver across the world for payment without any friction/transaction fee or middleman, or GTFOOH you idiot.

I can explain that easily.  Have you ever noticed that systems like Steam the game platform don't let you resell games you buy?  Probably because it would turn it's customers into competitors.  Why?  Because their model is based around the scam of pretending intellectual property has scarcity when it doesn't.  When you remove the artificial scarcity, their business collapses.  

What the fuck is bitcoin?  Absolutely nothing but the same artificial scarcity scam.  You're buying into a con and pretending artificial scarcity has value just like on Steam (unless your goal was to donate money to the game developer instead of participate in functional economics).  The lesson from Steam is that wealth does not exist in the digital world.  Everything digital is inherently valueless because it doesn't have scarcity.

The answer is, you cannot send "money" digitally because money and wealth does not exist digitally.  The only thing you can send digitally are...IOUs.

Lol. Not only did you NOT answer my question, you redirected it toward complete garbage. Classic straw man fallacy response.

You need to go back to Troll school. They don't even teach this stupid tactic anymore because people see right through it.

No, I answered it perfectly fine. You were the one with the strawman by asking a question that's impossible to do.  You can't send "money" or "wealth" over the internet because everything digital is either valueless due to no scarcity, or just an artificial scarcity con job.  The only thing you can send over the internet are IOUs or valueless 1's and 0's.  You're playing stupid and pretending 1's and 0's are possible to have intrinsic value.  The only way you can attain value is by exchanging it for a real world good.  Since you can't send that real world good over the internet, all you were sending is the equivalent of an IOU.  Any monetary instrument that is not a physical commodity is an IOU.