Quote from: BlackHatCoiner on Today at 10:55:37 AM

Quote from: Snowshow on Today at 08:48:49 AM

So something has to exist to be a currency. Some commodity, debt, equity, good, whatever.

Why? Why should there be debt, equity, goods etc.? The US government perpetually prints a lot amount of money, and those banknotes don't represent anything anymore. Before 1971, there was a law saying that you can exchange those with gold. Currently, this isn't the case. They're just pieces of paper and people treat them like currency, because they trust their government. In other words, the government says they're the base medium of exchange and people use those to transact with.

Debt is created once there's loaning of money. Printing money, alone, doesn't create debt. Is there anything you disagree with, so far?

Banknotes are loans to commercial banks. No banknote or deposit can be put into circulation without a loan. Only if you counterfeit them. Then that's a criminal offense that is punishable by years in prison.

So, can you now answer my questions? You want a food from me and you say I receive bitcoin in return. But all I see happening is such situations is a swap of math symbols between addresses. I see no thing or a product called bitcoin. Math symbols are used to express the concept of quantity of things. Symbol "2" informs us that there's more quantity of something then when we have symbol "1". So, swapping the two symbols means that the one person transferred something to another person. It is said this is bitcoin. It is said bitcoin is a digital product. That it is censorship resistant. That provides financial autonomy, Monetary sovereignty, freedom. I would like to see such a fantastic product. I wanna check it and see whether one peace of that product, or one share in ownership of that product is worth $40,000. So, can you finally reveal where this product is located?