Post
Topic
Board Bitcoin Discussion
Re: Bitcoin Is The Most Ridiculous Invention Ever Made
by
marjil
on 23/01/2019, 11:51:54 UTC
https://youtu.be/pSbSKGDypPY

The above video shows that by buying Bitcoin one is selling ownership of something and buying ownership of nothing. This is because Bitcoin is just a fancy name for changed digits, and the fact is that something cannot appear or disappear by changing digits. Since Bitcoin is the first time in human history that people voluntarily and massively give up something to become the owners of absolutely and literally nothing, this makes Bitcoin the most ridiculous invention ever made.

This isn't really the case. The whole point is that you do own something and because people see it as having value that's what gives it its price, in other words people see it as worth x number of dollars. Just because it is in digital form does not mean you don't own it. You don't need to physically have something to own it.