Post
Topic
Board Bitcoin Discussion
Merits 4 from 2 users
Re: Bitcoin is a Myth and not Real
by
DooMAD
on 24/05/2022, 19:46:13 UTC
⭐ Merited by JayJuanGee (2) ,BlackHatCoiner (2)
certificates of investment.

Flawed comparison. 

Certificates of investment don't grant you access to a global, independent, network which grants you the power to transfer your ownership rights to anyone, anywhere in the world, at any time.  No one can prevent the sale of your ownership rights.  No one can reverse it.  You don't need to rely on an intermediary to make the sale.  You don't need to prove your identity to anyone.  Transparency means everyone can verify that the sale has taken place, even if they can't tell who the buyer or the seller are. 

Holding an amount of bitcoin does grant you access to such a network.  The only way to access it is with bitcoins.  If the network has value, then naturally the bitcoins themselves have value.  And that's before we even get started on the scarcity aspect. 

Certificates of investment rely on brokers or investment firms.  Centralised, opaque, weak and requiring trust.  As such, you and your precious 'Traditional Finance' sector cannot rival what we have built.  Your ideology won't permit it.  You're too busy empowering middlemen to take a cut just for being a cog in the machine.  That's the real scam.  You actually believe in paying flawed and fallible humans to do something in a slow and inefficient way, when a protocol can do it far more efficiently and cheaply.

Nothing like this exists in fiat.  And never will.  That's why it's so valuable. 

You talk a lot, yet you are unable to stop us.  But the part where you keep trying so hard seems to indicate that you're threatened by us.  Does our power to disrupt middlemen threaten your preferred business model, I wonder?  Wouldn't surprise me if you were some sort of bankster or broker.  You seem sufficiently indoctrinated.