Quote from: tadamichi on Today at 01:21:48 PM

Quote from: Snowshow on Today at 12:32:47 PM

In the bitcoin system value is neither stored nor transfered.

Explain this cuz it doesn’t make sense. What value is transferred or stored into gold? I already explained you what properties a store of value must have. You don’t understand how the world works. Gold is not a bank account that stores usd, and neither is bitcoin. They’re things in itself with fluctuating supply and demands from the outside. Their properties influence how much value the market assigns to it.

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What is stored and transfered is the info about how many ponzi units people have or had have.

So value is transferred and stored, your personal emotions towards something you don’t value, don’t determine free market exchange rates. Ik it’s hard to make emotional people accept this.

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Value is brought from the outside and traded for those ponzi units.

Nah, Bitcoin itself is the valuable thing, that people are exchanging other things for (money, services, goods etc.). Supply and demand vary for an asset with low degree of adoption, it’s something expected. The Bitcoins you hold yourself don’t fluctuate, just the price people are willing to pay, at this particular moment in time, aka exchange rate.

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Given that in the ponzi system no value exists, all current holders of unis are doomed if nobody brings in the value.

If there’s no demand for something(no matter if gold, fiat or bitcoin) then the exchange rate will be low in a free market. Let’s see if you’re mentally capable to understand this. Then explain why Bitcoin would reach a state of 0 demand, waiting.

Bitcoin won’t collapse if no new people come in, it can be used as a unit of account already. I could do trades without ever needing an exchange rate. If me and jay for example wanted to set up a trade, we would never need to touch a dollar, if we so choose to. We can determine the trade individually or let the market decide. It is not a ponzi that collapses without new investors. The only thing that happens without new investors is that maybe some individual expectations get crushed, because it won’t rise forever. But it still works as money, regardless of the exchange rate or new investors.

The better question you should ask yourself is, how money comes into existence organically, and once you understand this, it makes your ponzi assumptions look ridiculous.

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Unfortunately, all you blind believes will learn the above facts the hard way.

Prime example of the Dunning–Kruger effect.

Everything is explained in the OP . Value of X is how people are able benefit from X without selling the X to new investors.

From btc units no one is able to benefit, and people must dump them to new investors. Hence, a classical ponzi in an online form splinted into 21x8 million units. Of course, you could split the ponzi into trillion units, nothing would change given no value exists in the system. If you split nothing into 10 or 10 trillion units you still have nothing. Like I sad, you will learn these facts the hard way.