Post
Topic
Board Bitcoin Discussion
Re: The Bitcoin Paradox - a Simple Online Scam Honored as Deity
by
Snowshow
on 13/05/2022, 05:36:03 UTC
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?

Why do you always associate bitcoin benefits in nominal terms? And why do you always think bitcoin owners/recipients are investors?

If I'm a shoe store owner who doesn't like bitcoin but sees that most of my customers are bitcoiners, I can adopt it into my store. Does that mean I aim to make nominal benefit with that number? No, I just use the number to attract customers to be more consumptive. No new investors in my store story. Tongue
I don't think anything. I am just describing the scam. People are tricked into the bitcoin scam by claims they are inventing in an asset. But no asset exists in the system. An asset is a resource that provide benefit to those that own it. This resource can be a company which benefits people by producing goods and services. It can be a commodity which benefits people via consumption or as an intermediate good used to produce a final good or finished product. It can be fiat money (debt) which benefits people at debt settlement as explained in the OP. By holding numbers in the Satoshi's system people own no such resource. They own no asset. Which is why they need the contribution of new investors to benefit. That's a text definition of a scam. When something like that is presented to the public as an asset that's called scamming people.