Quote from: hase0278 on March 11, 2018, 09:30:06 AM

Quote from: Kakmakr on March 11, 2018, 09:16:47 AM

Why are you still hanging around on a forum, dedicated to Bitcoin, if you do not believe in the technology?

His reason for hanging around on a forum dedicated to bitcoin is obvious. He want's to share his opinion of bitcoin and wants to start a discussion with it. That's the common reason someone who does not believe in bitcoin lurks here for.

Quote from: mhsingh on March 11, 2018, 09:04:48 AM

It's the theory of false scarcity. There are a limited number of bitcoins in the world and the usage of blockchain technology has assigned the ownership of each coin to specific wallets owned by individuals. So to take "ownership," I have to use the universal blockchain mechanism, accepted by all as valid, to transfer a coin.

Then what do you think is the reason why fiat currencies have value despite it being just a paper? Because it is backed by government? Fiat currencies have value because most people sees it as the most convenient currency to use to transact daily(supply and demand). It is the same in bitcoin's case but instead it is being used to transact online.

The "false scarcity" ticked me off. Bitcoin does not have false scarcity, because the whole point of the protocol is to simulate the characteristics of precious metals like Gold. The 21 000 000 coin cap is not "false" and the chances that this will change is almost 0%.

All the talk about Bitcoin not having intrinsic value and false scarcity is starting to push my buttons, because most of these people do not understand the technology the way we do. ^hmmmmm^