Quote from: KonstantinosM on February 02, 2020, 02:55:18 PM

Quote from: antikvark on February 02, 2020, 02:07:36 PM

Quote from: fiulpro on February 02, 2020, 01:29:35 PM

What Fundemental feature are you talking about ?
Fundem feature is actually based on the age old traditional currencies whose value would plummet soon enough , Change is the nature of nature.
This is actually a very good example of how stupid can the humans be , wasting their time on Hating bitcoins and proving the value to be zero , instead go to your computer and give us a better option , discover a good option if your think this is a failure .

Why would anyone hate record in a database, as this is all what Bitcon is - a digital record held in a computer. I hate nothing. I am pointing out the human stupidity of purchasing this record for thousands of dollars although it pays zero monetary or non-monetary value to its holders. On their own, all financial instruments are worthless paper or digital records. That's why their issuers must provide some payment to their holders, and it is this payment what gives them value. Bitcoin issuers pay nothing, which renders Bitcoin worthless. Giving up valuable possessions just to be the holder of worthless digital record, is a very good example of how stupid can the humans be.

OK Mr. "I Hate Nothing" You're obviously taking a shit on bitcoin. You're implying that we're all idiots for holding bitcoin to have value and this is your defense: Oh I don't hate on useless bitcoin it's just a piece of software.

I'm not surprised you have 0 merits earned in this forum. I know that I and others will give merit where merit is due, even to bitcoin haters or people who have completely opposing ideologies to our own.

My only question is why? Why make this content?

Now let's rehash some points on to how bitcoin is not much different than other forms of money, and perhaps even better:

Here's how USD is created. A bank loans out $1000 using $100 of reserves. $900 created. Then the person who got the $900 gives it to someone else and he deposits $500 in the bank. The bank now can loan out another $5000.

It's all bullshit. Bitcoin may not be a physical thing but at least it can't be created using debt.

Now why do you hate on Bitcoin? Bitcoin does have inherent value as a utility. Gold is just a shiny metal and more can be mined or found. Fiat currency is paper. Bitcoin's value is a monetary one but it also has proven scarcity so in my book it's superior to fiat and gold.

There are millions of people in the world that would give me a nice meal for some BTC I bet. And I would make someone a nice meal if they gave me some BTC. The world is still playing catch up but eventually there will be adoption. It may just take another 10-20 years.

edit: added "not" after "bitcoin may"

I am not implying that you're all idiots for holding bitcoin. I am implying that you act like idiots. Being an idiot and acting like one are two different things. Under extreme emotional pressure(greed) or due to ignorance, even intelligent people can act very idiotically. Those that would give you a nice meal for some BTC (worthless record) are good example of such behavior.