Post
Topic
Board Bitcoin Discussion
Re: The Great Bitcoin Secret Revealed
by
BlackHatCoiner
on 23/03/2022, 13:51:45 UTC
Now, i'm trying to imagine what is going on in OP's mind, and based on many of his posts, i wonder if his mistake is thinking bitcoin relies on a relational database, and satoshi owns said database...
That's what I also thought at first, but it turns out it's not the case. OP has probably understood that the ledger is decentralized and that you can't change the records by your own will, although I don't hold my breath. What they say, is that bitcoins, as units, don't represent anything and that's why the system is meaningless. It has been repeatedly told them that just because it's a unit-based system only, it doesn't mean it can't be seen as money.

No institution or organization has a liability to redeem that numbers for something. Neither today, nor tomorrow. Never.
You're the one who keeps spitting the nonsense. I'm willing to exchange food for bitcoins, therefore you can redeem it to me. It's redeemable, Jesus Christ what the hell is wrong with this guy.