Quote from: BlackHatCoiner on Today at 01:13:05 PM

Quote from: Snowshow on Today at 12:15:38 PM

Can I now finally get the answer to my question?

The answer to a question such as "Bitcoin is meaningless" requires further discussion. I can't give you any answers until I ensure we understand money in the same way.

Quote from: Snowshow on Today at 12:15:38 PM

Debt are loan contracts secured with collaterals or bank capital and evidenced in the accounting books of the banks.

You're perpetually trying to change the subject. Debt isn't inextricably connected with money. It's created after we've agreed on which currency will be used in our transactions. Two entities, a customer and a merchant can agree to settle their transaction with debt, but without using a fiat currency. For instance, the customer gets their product after they've promised the merchant that they'll deliver them precious rocks. That's also debt.

I repeat, the central bank can create money without any citizen's or commercial bank's permission. That money can be later used to increase debt and be exchanged for goods and services. You're describing what happens afterwards the money is created. The central bank can also be used as a metaphor to the "numbers from a software" you've outlined.

To give you an example: Commercial banks could instead of borrowing from the central bank, gather and decide to setup their own digital currency, which will be used later for loans with collaterals etc.

See: https://news.ycombinator.com/item?id=30469383

Can you please answer where's bitcoin? Stop talking about fiat money. Fiat money is debt clearly recorded in the accounting books of central and commercial banks that gets paid every single day to deposits or banknotes holders. No debt, no numbers. Numbers simply measure the size of the debt. The same as in bonds for example. There's nothing to discuss here. We are interested in bitcoin. In the blockchain we have address and numbers attached to them. Messaging application called bitcoin wallet states that these numbers measure the size a digital product called BTC. Now, can you finally tell me where's this product? And how it looks like. An address holder with "8" attached to it, vs. the one that has "1" attached, supposedly has eight times bigger quantity of that product. Where's this product? Where's bitcoin?