Post
Topic
Board Bitcoin Discussion
Topic OP
Bitcoin: A Medium Of Exchange *Not A Fiat Multiplier*
by
TimeBits
on 29/07/2019, 21:09:11 UTC
Bitcoin: A Medium of Exchange

Did you guys ever think they killed satoshi and turned his project into something it was not meant to be?

Here is the first sentence of the white paper:
A purely peer-to-peer version of electronic cash would allow online payments to be sent directly from one party to another without going through a financial institution.

So the exchange you use, is not peer to peer you trust a 3rd party with your bitcoins, The exchange is also a finical institution (so you pissed on satoshi`s grave 2x) not to mention you trade if for fiat which is created by another financial institution.  (so 3x piss on his grave) just in the first sentence of the white paper.

What is wrong with you guys? Do you not understand bitcoin was put here to compete with $cam $lavery unlimited monopoly money, not be a measure of it and facilitate it?

Seriously you are all a bunch of dummy heads.

https://twitter.com/binance
https://twitter.com/APompliano/status/1155213526736285699
https://twitter.com/DYORPodcast/status/1155115419784679431
https://twitter.com/Excellion/status/1134346501356785664

Why has satoshi not traded any of his btc of fiat? because he understands that they have unlimited money supply and he has limited, so if he trades they get all of his supply for free, not matter if 1 btc = 1000000000000000 USD they still get all of his shit for free.

Also USD is backed by nothing so
1 btc = 1000 USD or 1 btc = 2000 USD is the same thing.

1 x 0 = 0
1000 x 0 = 0
1000000000000 x 0 = 0