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Topic
Board Bitcoin Discussion
Re: Can you answer a couple of questions to a potential bitcoin buyer?
by
BlackHatCoiner
on 03/02/2022, 17:30:26 UTC
and I think we should accept this as his subjective opinion and not try to convince him otherwise.
There's a hereby misuse of the word “subjective”. I don't accept this as subjective. And as a wise man once said:
Quote from: Albert Einstein
It's all relative.

Money is not debt because gold can be money but is not debt.
Excuse me for this and thank you for correcting me. Yes, not all forms of money are debt. Money is debt only within the modern financial system. Say for instance, your bank account's balance. That's debt, from the bank's side, to you. You can transfer this debt to others and therefore, make it money without withdrawing it.

Yes, everything you described about the debt system is correct. But, debt doesn't change the situation. When I accept to get paid by your debt, I'm supposed to receive my dollars at some point in the future or transfer this debt to someone who will receive those dollars in the future. If you promised to return me monopoly banknotes, that'd also be debt, but I'd refuse, 'cause people don't accept those. I accept to provide you services and sell you products in exchange for pieces of paper or debt of those pieces, because there's a government who's forced their usage.

Anyway, we're not going to ever agree on the debt thing. So here's my question, is it reasonable for some people to not want to deal with debt? What's the problem if two individuals want to accomplish a purchase by the way I described?
Quote
For instance, me and DooMAD. We could create a ledger that starts with 10,000 monetary units and deal by using this as a medium of exchange. Say DooMAD gave me a bar of chocolate, I signed in the ledger that I now own 10 less and he owns 10 more. If more people liked this ledger, it could be considered money. Yes, they're just numbers, but it's a lot easier to transfer the equivalent of ten Teslas by writing down some additional lines, if we're both agreeing on a value, than by transferring the actual vehicles. Therefore, it satisfies for this purpose.

And now one fun question: when you enter a ponzi scheme, you hold scheme membership, but what you own?
Don't open up new topics in the same thread. Let's cover one at a time.