Anyone willing to pay me 1 satoshi every time Snowshow says 'Bitcoin is just a number' or 'Satoshi scheme'? I would be a Bitcoin millionaire in no time with this repetitive parrot around.
Can not believe how delusional someone can be. Thought you were trolling at first, but now seems to be more of a mental issue instead.
If we are talking the Bitcoin 21M cap is not scarcity and metals are scarce, then it is a little contradictory. Because just like you say Bitcoin's supply cap does not really exist, I can say that a trillion ounces of Gold can always be found on another planet. Or, maybe even on ours. Since new discoveries keep being made, what could stop us from being able to successfully turn whatever material into Gold or maybe even Oil a hundred years from now?
We currently define whether an asset is scarce or not based on current knowledge of our world and the Universe. That means, any new discovery could turn everything you say Debt is backed by from scarce to, maybe, even unlimited. But while the scarcity of real assets could be drastically changed by new scientific discoveries, in mathematics it is about impossible someone will be able to successfully and legitimately prove 1 is not 1 and 1 + 1 equals 2 even a thousand years from now. The difference between what you keep repeating like a parrot and what I say is, math is exact science. And if we set Bitcoin to be capped at 21M, thanks to math, with our current chain there is no way we can have a 21,000,001st Bitcoin existing. It is precisely capped, there is a supply limit. You could create a second version of Bitcoin with 21 trillion coins instead. But you can not move my Bitcoin, you can not send me your fake Bitcoin or make the real Bitcoin less worth than it is and you surely can not fool me or anyone else into believing your fake Bitcoins are like my Bitcoin because there is no way you can send that fake Bitcoin to my address. With that being said, Bitcoin shows up as a number but it is a system really.
Let me simplify for you: there are two friends. One just gave a car to get 2 bitcoins. The other gave a couple of dollars to get 0.00001 bitcoin. The first one comes to you and ask: "what utility can I get that will be 200,000 bigger than the utility that my friend will get if no one wants to buy our bitcoins?"
That's a simple practical question. What is your answer?
Oh, buddy, that is so easy to turn around.
There are two friends. One just gave a car to get $60,000. The other gave a carrot to get $1. The first one comes to you and asks: 'What utility can I get that will be 60,000 bigger than the utility that my friend will get if no one wants to buy our Dollars?'
That is a simple practical question. What is your answer? Except being able to wipe your ass 60 thousand times more than your friend IF the $60,000 are all in bills of $1? Come on, parrot! Answer me! I can tell you what utility the Hungarian Pezos had when nobody wanted to buy them. It gave a temporary job to some people. Cleaning Pezos off the streets with a broom.
What is more probable to happen than your theory is, your beloved Dollar bills might actually really be just paper and nothing else at the end of the day. You say Fiat is backed by Debt and Debt is backed by colaterals. Is there anywhere in this world proof that all the Debt in the world is currently backed by actual colaterals and not just imaginary colaterals? Maybe the colaterals you think exist as the backup of Debt are partially real and legitimate and partially imaginary so that you could just continue to falsely believe the Dollar is actually backed by something legitimate? It seems to me like the Dollar printing machine has gone absolutely wild in the last few years and I am not very convinced the World Debt is legitimately backed by colaterals considering how uncontrollable things have been going in the last years and considering there is no real proof of these colaterals actually existing.
And if you have any proof, show it to me with actual sources. Because anything we say is to you just worthless opinions while anything you say is, in your world, actual proof. I am now waiting for your reply, which is going to be 'You keep ignoring this discussion and just repeat irrelevant issues and bitcoin propaganda'. Wait, now you can not say that. So you are going back to the first sentence I wrote in this reply or you will just pick a small part of my post and go for another 'argument' which is just your opinion again that, according to yourself, is actually worthless. Put you in a bit of thinking problem now? Come on, repeat yourself, parrot! I know you are tempted to do it.
Last time I checked, and this time I might be very wrong because I can not remember whether it was a rumor or actual facts, the Biden administration was contemplating producing a small coin worth thousands that would have a trillion dollars written on it so they could 'pay off Debt'. Is this the Fiat you call legitimate? Because it seems like a trillion more dollars are one button or signature away from being printed at any given time and, long term, this is starting to look more unsustainable than ever.
If that is what you call legitimate, I will continue to live very thankfully and happy with my Satoshi scheme numbers while you can definitely continue to live very thankfully and happy with the ever-decreasing purchasing power of the Dollar. Meanwhile, I will be sitting here patiently waiting for you to finally prove your points for real.
I decide what is relevant to this topic. You can have opinions but I won't act on them. I accept only arguments. Opinion are worthless.
Then your entire topic is worthless because it began with your opinions that your rotten brain believes to be undeniable proof.
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Regards,
PrivacyG