Quote from: Wind_FURY on March 08, 2019, 11:17:19 AM

Quote from: fxsurfer on March 07, 2019, 12:53:48 PM

If we start from a simple and undeniable fact that SOMETHING cannot appear or despair by changing entries in a database, then it is obvious that so called Block Reward, which is just an algorithmic change of entry in a database(blockchain) from 0 to 50 initially, is actually the creation of NOTHING or nothingness.

Nothing? Ask the miners how much investment were spent on electricity, and mining equipment.

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But people did something strange they gave a fancy name to this nothingness Bitcoin. So, a mere change of entry in a database is given a name, which is in itself a bizarre thing to do. But anyhow, here is where the language manipulation kicks in. Changing entries is obviously just a database management and it belongs to the field of informatics. But what people did is they took the definition of "payment" - which belongs to the field of economy, and they copy/pasted that definition next to the phrase "change of entry in a database". This created the illusion that when you change entry in a database(blockchain) you are actually transferring SOMETHING to another person, i.e. that you are paying. But payment is transfer of SOMETHING (rights, services or goods) from one person to another.

There are no "changes" made in the blockchain, it's an append only "ledger". But not an ordinary "ledger", it's a censorship-resistant "ledger". An open, neutral, permissionless, stateless "ledger" housing digital a "coin" with no central clearing-house.

One "coin" costs $3,800. You might believe the "coin" doesn't value, but the market clearly does. Cool

Well, that's just semantics then, and my argument looks like this:

If we start from a simple and undeniable fact that economic things(goods, services or rights) cannot appear or disappear by adding or deleting numerical database(DB) entries, then it is obvious that so called Block Reward, which is just an algorithmically added numerical entry (50 initially) into a DB called blockchain, is in economic sense actually NOTHING or nothingness.