imaginary, valueless, digital shitcoins
Sorry for quoting Roach but it seems he's trying to follow his idol's advice:
"If you tell a big enough lie and tell it frequently enough, it will be believed." - Adolf Hitler
WRONG. The "big lie" is the Bitcoin whitepaper itself. A "peer to peer currency with no middlemen", except every transaction requires three or more parties AND government infrastructure to boot, so it's obviously not peer to peer, and each transaction also has built-in, rent seeking middlemen (transaction validators). Then the transaction validators are designed to centralize too. Virtually everything about the whitepaper is a lie. It is YOU PEOPLE who are the big lie.
A "peer to peer" transaction with no middlemen is NOT EVEN POSSIBLE using Bitcoin. It's possible with real money, though - physical metals.
r0ach if you wrote without all of the hate I think more people would take you seriously. I often read this thread in the hope that folks will see through your hate and argue you on the merit of what you are saying, which is hard with all the awful rhetoric you add. Nonetheless, you're omitting a key part of the whitepaper, I don't know if you are doing so in order to suit your narrative (great troll if you are) or if you have not carefully read and considered the whitepaper in the right context. The middlemen being referred to in the whitepaper are those that include a key characteristic which Bitcoin is designed to exclude, i.e., the element of blindly delegated trust. We don't trust the validators just because we are told to do so, as in the existing financial system, instead they are trusted as a result of the work they do which anyone in turn can verify and do for themselves .
From the whitepaper:
"These costs and payment uncertainties can be avoided in person by using physical currency, but no mechanism exists to make payments over a communications channel
without a trusted party"
"What is needed is an electronic payment system based on cryptographic proof instead of trust,allowing any two willing parties to transact directly with each other
without the need for a trusted third party"
"The problem of course is the payee can't verify that one of the owners did not double-spend the coin. A common solution is to introduce a trusted central authority, or mint, that checks every transaction for double spending. After each transaction, the coin must be returned to the mint to issue a new coin, and only coins issued directly from the mint are trusted not to be double-spent.The problem with this solution is that the fate of the entire money system depends on the company running the mint, with every transaction having to go through them, just like a bank."