Post
Topic
Board Bitcoin Discussion
Re: The Universal Scam Test - Let's Apply it to Bitcoin
by
Snowshow
on 02/07/2022, 09:27:41 UTC
I'm not the thing here. You people are literally buying numbers from an anonymous guy. Just think about it. The guy comes up with a number 21 million and then sets up an online system to sell the units of that number to people. And people fell for it. Not only that, but they take the whole thing to the level of craziness where they pay $70.000 for a unit of that guy's number. And in your mind, I am somehow the problem? I am laughing my ass off when I read your responses.

It's true. I've been buying numbers my whole life from various nameless purported people and entities, with various morals and various agendas. I've probably paid for or enslaved myself to at least 20 different governments in my short life, in return for numbers, sometimes with a semblance of effort (paper) sometimes literally just made up numbers on an account they just change the numbers in arbitrarily.

They didn't even have to go through the trouble of capping the number, it's factually unlimited, they didn't even have to provide me or themselves a way to see exactly how much numbers it is they've put out or who has them.

Last year, one such government decided to print trillions more in paper to throw around. And people lapped it up, magic numbers magically made up and we all lapped in up.

Welcome to the craziness.
No, you have been buying debt, and being paid that debt by the borrowers even if you're not aware of that, because you don't ask market participants whether they are borrowers. Numbers in the market exchange have only been information about how many units of debt you have or had. Economic resources, such as debt, products, services, labour, equity... are what is sold or bought, not numbers. Numbers just inform market participants about the quantity of the resources. In the Nakamoto's system, you're literally buying numbers. You're buying units of a number that Nakamoto created in their imagination(21 million). That's the definition of craziness. Even giving a dollar for a unit is craziness, let alone giving $70.000.