Post
Topic
Board Bitcoin Discussion
Re: Bitcoin is a scam based on language manipulation
by
Last of the V8s
on 11/03/2019, 14:44:52 UTC

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.

This is absolutely right. You can't create stuff out of thin air. There is no title (what you are calling 'rights') in Bitcoin.

There are no coins, or transactions or ledgers. They are all metaphors for what we are doing.

'We' as in people, real live humans.

What we are doing is coming to agreements, peer-to-peer, that my x is worth your y, and we are both happy to swap them.

We redesigned economics, correctly this time, while you slept, so that it is actually honest.