funny thing is..
"snowshow" has said the exact same silly argument about 4 times now on 4 different accounts. and each time people like Doomad dont realise its the same person as he was arguing with before.
oh well.
to doomad(you insulting naive little man)
(nice edit to add "and accounts" after reading my post.. seems it only took you a couple months of arguing with the same person to then suddenly want to edit a post TODAY.. shame you didnt realise a couple months ago)
lets just conclude the argument(scam test)
1. fiat bank notes.... people holding bank notes do not gain anything from holding bank notes. no interest.. infact the longer they hold bank notes the less value you have.
yep inflation.. kills value of bank notes slowly
bitcoin however gains value slowly(deflation) so without selling it. you are storing more potential value for later... test pass for bitcoin
it also has many uses without selling it.
i personally programmed a security mechanism to only unlock a door when i send myself some coin(not sell just move coin between addresses i own) (IoT project)
and just like a house that does nothing but sit on land. i can prove ownership of my value and watch it appreciate in value, (unlike a bank note)
also just like a house, without selling it i could use bitcoin as collateral to get a loan. still in my possession but used to validate getting a loan.
you would be very surprised the amount of things you can do with a btc transaction without ever having to sell the coin. (transaction confirmation to another address you own+IoT projects, research it)
thousands of businesses have been created around the bitcoin ecosystem. its created millions of jobs.
many networks have been created using bitcoin as the collateral(peg).
heck i even remember someone that had a jetski rental and a mini golf course where by people could rent out the equipment by locking up btc as security/insurance/deposit. and they get it back/unlocked if they return equipment. thus again no "sell' just collateral
i knew someone that would mine gold 5000 miles away. and need leased land to mine on it. they put BTC up as collateral. whereby they didnt have to pay anything upfront for the equipment on the land already. nor sell the btc.. all they had to do was fulfill the lease contract of bringing back X ounces of gold at the end of the season. the BTC never sold. and the equipment was used for free, where the miner mined enough gold to pay the lease owner and keep some gold for himself too
I have a single question for you: can someone return their investment in the bitcoin system without funds contributed by new investors? No one cares about your philosophy about banks. Just answer my simple question.
Can you get more dollars without another person/entity giving it to you? You dont understand that Bitcoiners dont want more dollars, they want more Bitcoin.
No one is interested in your irrelevant questions. My question is simple, relevant and concerned with the theme of this topic. You currently have the whole army of bitcoin holders who invested in the units of the bitcoin system. Can anyone return their investments without new investors? Answer the question.
You can only get $ if someone else gives it to you in return of what you’re offering, like with every good on earth. That’s how a market works. But we showed you ways multiple times now in how to transact with bitcoin directly. And that when Bitcoin becomes more popular no more selling of bitcoin is necessary. So your thought process doesn’t apply here. Bitcoin can exist on its own, without the dollar or new investors. Just because new people are smart enough to invest in bitcoin, doesn’t mean it’s a scam. That’s not how the scam test works. By your logic everything in this world would be a scam, so how do you cash in gold profits without new „investors“?
Your system of detecting scams has an error rate of 100%(you could apply this to every single thing on earth). Then you apply it only to bitcoin and think you have exposed it. But you don’t recognize that your measurement is flawed and not the thing you’re using it on.
So you're unable to answer the question. Nice. That's because you know bitcoin is a scam. People are trading the units of a system that's completely worthless, and of course they are forced to wait for someone to save them out of that units. It's reality funny how pathetic you people are trying to defend the scam.