Quote from: BlackHatCoiner on March 21, 2022, 06:06:03 PM

Quote from: Snowshow on March 21, 2022, 05:13:20 PM

I proved that the debt is an existing thing and that the numbers that quantity that thing are therefore genuine.

No you didn't, you only said that it's a liability, which is true. Debt, from credit cards to government bonds, is a liability, and a liability can be described as:

Quote from: https://dictionary.cambridge.org/dictionary/english/liability

the responsibility of a person, business, or organization to pay or give up something of value

You pay up debt (which is the liability) with either assets or liabilities (which creates even more debt). At some point, assets will have to be transacted as these are the promised gains. For example, base money (cash).

Cash is NOT a liability. It's considered asset. Therefore, cash, ALONE, does NOT represent debt. Once someone starts loaning this cash, debt will be created. Agreed so far?

You talk nonsense and stupidity. Cash is paper with a number and these are put in circulation with loans. Loan is debt. Cash prove the existence of debt. No debt no cash. First the debt is created and only then numbers are used to quantity it. The same is with deposit account. Positive number on deposit account means debt was created. Numbers are the consequence of debt. No debt no numbers.

The same is with everything else. A company produce cars and than they put numbers in accounting books to express theirs quantity. No cars no numbers.

Debt and cars are things that exist. Numbers are means to inform about the quantity of things. Numbers are concepts of quantity represented with symbols.

These symbols are attached to bitcoin accounts. But there's no thing which is quantified with them. This is called fake numbers. It's like invoice that lists the products or services in quantities that were never sold to a costumer. Bitcoin wallet has quantities of a product that was never sold to a wallet holder. That's a fraud. And you are the one of the online promotors of that fraud. You are constantly spreading misinformation that people are buying bitcoin but such digital product doesn't exist in people's ownership.