Post
Topic
Board Bitcoin Discussion
Re: Bitcoin: A Medium of Exchange Not A Fiat Multiplier
by
TimeBits
on 30/07/2019, 02:53:33 UTC
why are you using satoshi's writings as support for your position? he obviously wasn't nearly as fanatical as you. his words show that he supported free markets. the only person in the room who thinks bitcoin shouldn't trade against fiat is you.

Because, it clearly says in the first sentence of the white paper, you do not need to go through financial institution. Who creates USD? a financial institution. When you give your btc to a exchange you are going through a financial institution which is not p2p and trading bitcoin for a financial institution`s money supply.

In case you missed it
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.


I`ll stick to what the whitepaper says, not the hacked forum account.

No, he was not as fanatical as me, he was more than me.