Post
Topic
Board Bitcoin Discussion
Merits 1 from 1 user
Re: An indisputable proof that bitcoin is fake money
by
HeRetiK
on 10/09/2019, 13:15:37 UTC
⭐ Merited by AmoreJaz (1)
In the case of gold certificates things are similar, it is just that those two stages are reversed. Namely in stage one, one party of the exchange deposits some gold at the bank and receives a certificate for it. This certificate is then traded for goods or services and in that way put into circulation. In stage two the opposite party i.e. a current holder of the certificate takes it to the bank to claim the deposited gold. Once the holder receives the gold the exchange process is finished. And this is how goods and services are exchanged with the help of gold certificates.

So the solution is easy. Just make Bitcoin certificates and use that as money. Problem solved Wink

On a more serious note, anyone can establish a rather arbitrary definition of A and then claim that B is not A because B does not fit that arbitrary definition. But there's no knowledge to be gained from that line of argumentation.