Post
Topic
Board Bitcoin Discussion
Re: The Great Bitcoin Secret Revealed
by
Snowshow
on 26/05/2022, 05:38:11 UTC
Where is your bitcoin if after paying $40,000 only the swap of symbols happened in your electronic address? This: "0", changed into this: "1". What exactly is "meaningful"?
It's meaningful if we both agree it is. It's as simple as that.

After that, mathematical symbol "0" was swapped for this symbol: "1". And that means you are "free".
If they later find others who're willing to give their goods & services for a currency that is controlled by no financial institutions, it is called freedom. Monetary authorities are run by people who may abuse their position, against the rest, for their own benefit. They're central points of failure.

Humans do mistakes, whether those happen on purpose or not, and those mistakes have consequences. However, if a financial institution (such as a central bank) does a mistake, its impact is potentially on the entire economy. And it is highly likely that people will, sooner or later, abuse their power.

The fact that no one is able to change a symbol in your address, making it censorship resistant
It is clear that you haven't understood the basics. Censorship resistance comes from the lack of feasibility to reverse a transaction, not to change symbols on addresses.
What is meaningful? Where are the transactions in the bitcoin system?

A transaction is a completed agreement between a buyer and a seller to exchange goods, services, or financial assets in return for money.

Where's good, where's service, money, asset... if is the only thing that's going on is the change of numbers next to addresses?

I really don't get all this your hatred for Bitcoin but what I don't understand is how do you understand Fiat currency and not Bitcoin? So back in the years when there was no paper money and people would do trade by bather and later cowries and eventually paper money, how did all this method got accepted? because the people accepted them. So some ink can be printed on paper and because the government told you that is it's worth you accepted it and if that same value is transmitted digitally for transactions you still accept it even without the physical nature and Bitcoin is difficult for you to understand?

Fiat money grants access to the value created (borrower's goods services or labour) or present (collateral) in the fiat currency system. Bitcoin grants access to nothing given that value is neither created nor present in the bitcoin system. As a result you can return your investment in this system only via value brought by new investors, just like in all investment scams.