Quote from: Last of the V8s on March 11, 2019, 02:44:52 PM

Quote from: fxsurfer on March 11, 2019, 01:48:11 PM

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.

But the whole point is that "your x" is DB entry and "my y" is economic thing ( good, service or right). Giving goods, services or rights for DB entry is not market exchange (agreement on value), but giving your stuff for free and hoping others will do the same, which is essentially how ponzi schemes operate.