Ninjastic
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Re: Bitcoin Doesn’t Exist, Or How Satoshi Nakamoto Tells Lies To People
by
Kakmakr
on 09/06/2021, 05:33:59 UTC
Quote from: Antithesis on June 08, 2021, 04:54:32 PM
Quote from: NotATether on June 08, 2021, 02:56:58 PM
Quote from: Antithesis on June 08, 2021, 12:06:23 PM
Code is a set of program instructions that do something. Hence, code is something that exists. Numbers are human concepts that express the quantity of existent things. So you can say that you own 10 (quantity) MS Office programs. But quantity in itself is just an abstraction, mathematical concept of the human mind.

What if I told you that there is something backing those BTC numbers?

Just like there is a tangible item backing each MS office program (the license key), the item that backs the quantity of BTC is the transaction output.

Whereas you can get more than one copy of a MS office program in the activated state by possessing more than one key, by possessing more than one "mass" of BTC you get a transaction output in a different size.

Just as not all MS Office keys are created equally (those 10 keys might as well be for Personal, Business, Office 365 and Enterprise), neither are transaction outputs.

MS Office license keys (just a string of alphanumeric "codes") the "numbers" back the virtual tangible MS office "source code", the "program".

And similarly, the BTC "numbers" back the virtual tangible transaction outputs which are stored on the ledger.

Get it?

Hey, this could be a good guest post for Bitcoin Magazine, "Bitcoin exists; beyond the numbers on the balance".
Ok, let me make this easier for you by asking you a question. If bitcoin is a thing that exists, then you don't need a new investor to voluntarily accept quantity next to your address in the exchange for his funds. Rather, you can benefit from the thing behind the quantity, which you claim exists. However, if Bitcoin doesn't exist then you are left only with quantity next to your address. Since quantity by itself is just a mathematical concept you are left with nothing. Now the question: can you benefit from the quantity next to your address without a new investor voluntarily accepting this quantity?

You seem to get stuck on "quantity" for some reason and your definition of quantity and what other people's definition of quantity must be, is open for interpretation.  Roll Eyes  You are saying that "other code" like MS Office is different than Bitcoin, but the Bitcoin protocol are a combination of ideas and inputs from several Open source developers from all over the world ==> https://github.com/bitcoin/bitcoin/graphs/contributors

Bitcoin exist and you can physically see the lines of code and the output that it generates and the energy that it use and the nodes it is runs on... so your whole theory falls flat...when you actually know what you are talking about. It is as real as the numbers that are entered into a Bank account and/or Reserve Bank.... only difference is... one is backed by debt and the other by Supply and demand for a virtual token.  Wink