Quote from: NotATether on Today at 03:01:43 PM

Quote from: Snowshow on June 05, 2022, 06:11:42 PM

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.

No.

Quote from: Snowshow on Today at 05:11:47 AM

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.

Yes.

And before you think: "Oh wait a minute, if you sell your coins to someone, like an exchange, it's going to be owned by somebody" the person who now owns the coins can always burn them (by sending them to a lost address) and the buyer is left with cash.

That means the seller is functioning as a bank and allowing true (from your point of view) withdrawals. In fact, this is directly related to the topic of this thread, because it answers the question posed by you in the topic of the thread.

Quote from: Snowshow on Today at 11:13:35 AM

So you're unable to answer the question.

Well I did. It's your choice whether you want to believe what we are telling you or not.

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Nice. That's because you know bitcoin is a scam.

It is not.

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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.

At any time they want, they can simply give the "worthless coins" to the exchange (you know, the bank) which then issues them with real cash and burns the coins.

Just put this sentence inside your head and keep repeating it to yourself, it will eventually come true.

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It's reality funny how pathetic you people are trying to defend the scam.

That's "It's really pathetic how you people are trying to defend the scam". If you are going to lecture people about economics, you had better use correct grammar, otherwise people are going to think that you are some 12-year-old pasting statements from a book.

So basically, the exchange is a new investor. There you go: you just proved that no one can return their investment from the bitcoin system. This makes that system a scam.