Post
Topic
Board Bitcoin Discussion
Re: The Bitcoin Paradox - a Simple Online Scam Honored as Deity
by
Snowshow
on 11/05/2022, 11:46:17 UTC
Bitcoin is a name. You, by having number in a system, are not able to show asset. For e.g, you by having number 1 attached to the addresses, compared to someone that has 0.0001, are not able to show a thousand times more zeros and ones in the system in your possession. Digital asset is zeros and ones. So you own no digital asset. You just have fake number that creates the illusion of asset quantity, as described in OP. Simply, you're the victim of a scam.
This makes me understand you know nothing about Bitcoin.  All you seem to 'know' comes from a false reality you made up yourself or believe in.  You keep saying Satoshi is scamming us out of our real assets.  Tell me, how does Satoshi steal and benefit from my Bitcoin?

You can do whatever you want. I am just telling you how things are.
So you choose to impose your mindset over ours.  When in history did that ever succeed first of all?  Also, can you imagine how this looks like from our side?

A scam is when the only possible way for you to benefit from your investment is from funds contributed by new investors. A legitimate business is when you can benefit from the asset you invested in, such as debt (fiat/bonds), equity, commodity, real estate, etc.

Now, answer me: how can you benefit from a number that you have next to your address without new investors voluntarily entering the Satoshi's system?
Easy.  Bitcoin is what now, $30,000?  Down from what, over $60,000?  Did investors leave when this drop happened?  You have to learn how market offers and demand work.  If you think Bitcoin is a Ponzi scheme, you got this wrong all the way.  Read the Whitepaper once, word by word, and you will know it is not.  But you rather choose to believe in a fantasy.

I provided you evidence that bitcoin is a scam system that creates the illusion of asset. You ignored all the evidences, and started to talk about irrelevant things. You're not even responding to the theme of the topic.
Quote the 'evidence', please.  I do not see any, just a conspiracy, unless I missed it all.

-
Regards,
PrivacyG
Satoshi benefits from people's real assets that they transferred to him/her in the exchange for the units of his imagined quantity which were attributed to the addresses they initially created. From bitcoin, no one can benefit given this is just a name invented by Satoshi. It's assets from what people benefit. From debt they benefit when the debt is paid. From commodities when they are built into products or utilized as energy. From capital/equity when it is used to produce goods and services. From real estate people benefit by having a place to live or use it as a raw land to farm. Etc. Etc. Satoshi created no asset. He created a name(Bitcoin) and a number (21 million) to use them for creating the illusion of asset and in that way trick people out of their real asset. It is mind boggling how vehemently you people defend that scammer.

As for evidence, the whole OP is the evidence.