Post
Topic
Board Bitcoin Discussion
Re: The Universal Scam Test - Let's Apply it to Bitcoin
by
Snowshow
on 07/07/2022, 05:19:22 UTC

It seems you are unbale to understand a single word about the crap you keep saying about shiat coin/currency/whatever fancy shit you wanna call it! You seem to have brain limitations in the sense that you simply cannot understand what is underlying the Bitcoin protocol, the network, the economic properties and many other things. The only thing you see is what you keep claimimg as if Bitcoin couldn't do 10x better than your shiat coin.
Whatever you can think a shiat coin can do good, Bitcoin can do it 10x better, safer, faster, etc!

You say that shiat coins are numbers that show the quantity of a resource in the form of debt. Well, Bitcoin can do that 10x better and removing all the negatives of a shiat currency. If you say that shiat coin (which is a number) shows the quantity of a resource, Bitcoin may be the same number and also show the quantity of a resource! You make no sense...

I must disappoint you. Bitcoin is not God. It's not a person. It's not a living being. It cannot do anything. It's a number. Or more precisely, it's a unit of the number 21 million that an anonymous person created in their imagination and falsely presented as money in order to scam naive and gullible people out of their resources. Protocols and network are just means to transfer units and subunits of Nakamoto's imaginary number from between those naive and gullible people.

Dollars, euros, pounds are also just numbers. They cannot do anything as well. Their only purpose is to inform about the size of a resource transferred in the banking system (debt) Debt is a resource because it provides utility to number holders at debt payment as explained in the OP.

So, stop insulting numbers in the banking system by calling them shit. You look ridiculous.