Post
Topic
Board Bitcoin Discussion
Re: Can you answer a couple of questions to a potential bitcoin buyer?
by
Antithesis
on 06/02/2022, 19:21:33 UTC
The following remain purposely unanswered.

Do we agree that if two individuals find it satisfactory, it instantly gains value? (Whether that's personal or market value)
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?
You ought to respect those people who have different political beliefs than you. No?
Two people can trade house for a grain of sand. That doesn't make the latter valuable but one of the people irrational.

Irrelevant. All dollars come on the market by borrowers collecting goods, services and labour from people and all dollars are withdrawn from the market by borrowers returning these things to people. It all functions only because the banks force borrowers to repay their loans. In other words, the banks protect people. Your rants are irrelevant in that regard.

bitcoin comes with a base value window due to its mining cost(variable due to regional cost differences). where no one wants to mine at a loss and so no one tries selling at a loss
the acquirer than has his acquisition costs and he too does not want to make a loss

the market price sits somewhere between the cheap/premium value window

bank loans have NO upfront cost. banks literally print the money out of no where.
banks then ask for it back plus X% extra, where the literally destroy the capital returned(to re allot themselves with loan capacity for future loans) and keep just the x% they use the x% to cover the banks costs from other services they offer

a loan being made has no contract with anyone else but the borrower and the bank
a borrower does not owe anything to the general population. all he owes is the bank

when you set up a savings deposit account.. there is no mention, no term or condition that mentions your funds being contracted out to a loan.

the funds of the loan are not general population funds redistributed
Bitcoin is created out of thin air via simple program function. No mining is going on. After POW, the program simply pays you with a worthless number. I, as I buyer am asking why would I give you anything for it? I don't care how much electricity you spend to provide POW. That's your problem.

Regarding fiat, you keep talking about irrelevant things and ignore the only important one.