B) Because people like franky1 are keep repeating the same misinformation, especially about banking system.
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You are wrong, agan. If we take all the people that are holding bank notes and spend time working to get banknotes and assume that from now on, no new investor enters the system, the borrowers, who are part of the system, would via loan repayments simply return the holders the things they can live off of, and the system would cease to exist. In the bitcoin system, such things can be brought only by new investors. So, without them, all you would have is an infinite loop of nonsensical activity where miners are spending a ton of electricity to maintain a primitive email system where people send each other numbers.
you have the things wrong here.
EG say you are a holder of a bank note.
every minute of each day some borrower somewhere is rapaying a BANK
but what are you getting? what have you gained in that minute, in that day, month, year.?. NOTHING
there is no:
"the borrowers, who are part of the system, would via loan repayments simply return the holders the things they can live off of,"
for people holding a bank note.
people live off things like bread.. you get no bread from a borrower or a bank
each year the purchasing power of a bank note becomes less, not more
having a bank note from 2008 means you could have went to a retailer and traded your bank note for 5 loaves, but now, trading with a retailer you will only get 4 loaves.
the loan thing, you obsess but dont understand, has not gained you anything.
because its a contract between the loanee and the bank.
the loanee is 'borrowing(taking with promise to give back) the banks created value. not a previous bank note holding person
because there is no contract between a loanee and a person holding a bank note
as for saying bitcoin can only be bought by new investors. you are wrong
i can accumilate coin without others. its called mining. i dont need constant "new investors" to exist to use bitcoin or to trade bitcoin. theres a term you are ignoring called circulation. where current people holding can swap value with each other. and do so in many ways. its not just "buying" or "investing" its not to do with market exchange investing.
you can offer labour, goods, services, ingame artifacts, plane tickets, traintickets, coffee, you name it.
I am getting services from a guy that has loan. He provides me services, I pay him in bank notes and he uses them for his loan repayments. That's the purpose of fiat currency system: investing in debt ownership and getting stuff from borrowers so they can settle monetary debt to banks and non-monerary to fiat currency holders. So, there's no need for new investors to enter into the system. The borrowers, the banks and the holders are the only three necessary party for the system operation. In bitcoin, without new investors the operation of the system boils down to an infinite loop of nonsensical activity where miners are spending a ton of electricity to maintain a network where people send each other numbers.