Quote from: DooMAD on Today at 01:13:40 PM

Quote from: Snowshow on Today at 05:15:42 AM

Bitcoin system is like a corporation whose only purpose is to issue and store its own shares, presented publicly as something valuable, in order to scam people out of their money.

<cough>

Quote from: DooMAD on June 02, 2022, 05:19:27 PM

False equivalence again. Bitcoin is nothing like a business.

Businesses have CEOs and/or company directors, managers, chairmen, etc. People in charge. Bitcoin does not have those.

Holding shares in a business does not grant you access to interact financially with any of the people that business might interact with. Whereas holding private keys to access bitcoins does give you access to a global network of people with whom to buy/sell/lend/trade/etc.

Financial businesses in particular often require reliance upon gatekeepers, meaning you have to obtain permission or approval from someone before you can use a given service. This invariably requires handing over personal information, which could be lost, stolen or otherwise abused. I can send Bitcoin to literally anyone and they don't have to obtain permission or approval from anyone. No one has to submit personal information in order to transact.

Bitcoin is both a Protocol and a Network. And holding keys to a balance of bitcoins is what allows you to transact on that network using that protocol. You've had 25 pages worth of bullshit to absorb this simple understanding into your mushy little pea-brain. But you're still getting it wrong. I can only assume it's deliberate because you can't possibly be that stupid.

But if you are determined to continue with your ridiculous flawed comparisons, kindly name a business with no one in charge that allows people to interact financially with other people, who may be on the other side of the world, without relying on middlemen or third parties and with no gatekeepers.

I'll wait.

Still waiting...

It's almost as though you can't justify your own argument. Roll Eyes

So, you're participating in a stupidity of buying the units of a systems that does nothing except issuing and storing the records of its own units, and you think you can hide that stupidity by asking irrelevant questions?