Post
Topic
Board Bitcoin Discussion
Merits 1 from 1 user
Re: Can you answer a couple of questions to a potential bitcoin buyer?
by
BlackHatCoiner
on 02/02/2022, 15:00:06 UTC
⭐ Merited by FatFork (1)
Here you have video explaining that: https://youtu.be/p37Wg6h2PJ4
Winning and non-winning lottery tickets may be one of the worst ways to analogize USD with Bitcoin. May I assume you've made it?

This video gives a horrible example of how these two currencies differentiate. You keep using these buzzwords (e.g., “numbers”, “redeemable numbers” etc.) to achieve what exactly? Yes, any form of IOU is redeemable, congratulations for figuring this out.

The video doesn't explain why Bitcoin is meaningless. It just says that it's not redeemable, which is not true. Redeemable means that it can be exchanged for goods, services or money. Both assets and liabilities (IOUs) are redeemable.

You're repeatedly having false syllogisms. False conclusions.