Post
Topic
Board Bitcoin Discussion
Re: Can you answer a couple of questions to a potential bitcoin buyer?
by
Antithesis
on 02/02/2022, 15:56:59 UTC
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.
There's nothing false. Redeemable means able to be bought back by the issuer. It doesn't mean able to ne traded. If I buy a government bond at the market I didn't redeem that bond. Only the government can do that by paying me the face value of the bond. I see that you lack basic knowledge about finance. That's why you have all these misconceptions about fiat currencies. No, fiat currencies are not numbers. They are securities. Bitcoin is a number. And I am asking why would I pay an enormous amount of money for it? Try to answer this question instead of makings false claims about securities.