Ninjastic
PostEdited versionsQuotes to this post
Post
Topic
Board Bitcoin Discussion
Re: Bitcoin Doesn’t Exist, Or How Satoshi Nakamoto Tells Lies To People
by
Antithesis
on 08/06/2021, 07:31:17 UTC
Quote from: BlackHatCoiner on Today at 06:17:58 AM
Quote from: Antithesis on Today at 04:10:42 AM
It exists only in human mind, not in reality. In my mind I am the richest person in the world just like you are the owner of Bitcoins. In fantasy, everything is possible.
In my mind I have around 1500 BTC, but in reality I won't be accepted by the network if I told them so. So is it really in fantasy? Undecided

Quote from: Antithesis on Today at 05:06:20 AM
If a coffee shop give me coffee because I told them via Bitcoin software that quantity is money that doesn't make my statement true. Money is not quantity, but a thing measured with quantity.
Money is anything that is accepted by a community of people as a medium of exchange. Whether if it's physically (banknotes, coins) or digitally represented, in this case an immutable ledger, if some of us agree that it's useful, its units will start having value.

Quote from: Antithesis on Today at 05:06:20 AM
Number is an abstraction, it holds no value and it is impossible to compare it to the value of the coffee to find out whether the "exchange" is beneficial or not.
It depends on that number. If the number
  • Cannot be erased no matter the excuse.
  • Can only be transacted by the owner.
  • Can be accessed by anyone in the world 24/7/365.

Then, I don't find any reasons why it shouldn't be valuated.

Quote from: Antithesis on Today at 06:07:24 AM
Bitcoin on the other hand doesn't exist and all you have is numbers. Numbers that express the ownership of nothing.
Just because it isn't used for expressing the ownership of governments' debts, doesn't mean that it can't.
Bravo! Money is anything. Any THING. And thing is something that exists in the real world independent of concepts created in the human mind. Numbers are concepts and they exist only in human mind. That's why they are not money. When I count existent things in my room, the concept that my mind creates from the process of counting things is number. It's not money, but number. And as such it can be put on paper or digital medium. That what was put is not thing with value but just an axillary means to express the quantity of things in my room. Without the things, this number is referred to nothing. That's exactly the quantity in the blockchain next to your address - number referred to nothing. And nothing cannot be money.