https://dictionary.cambridge.org/dictionary/english/utilizationUtilization - the act of using something in an effective way.
So, instead of answering how the guy can use bitcoins in an effective way for his benefit (without dumping them to someone else) you decided to twist the meaning of the word "utility" and continue to spread the usual bitcoin propaganda. You really are pathetic.
This just shows how bad you are at checking your own sources. Scroll down a little.
utilization
noun [ U ]
US/ˌju·t̬əl·əˈzeɪ·ʃən/
the use of something
You just attempted to twist meanings and make them exclusive to your narrative, that you need a dictionary to realise that utilization means also just using something is the funny thing. See you just did what youre accusing others of again.
No, my shit coins or fiat currencies are numbers that represent the quantity of debt created in the banking system that I own.
But they barely hold any reserves, only 1% of your actual money in the bank is actually there, this is the current requirement, the rest is just imagination that was created out of thin air, so if youre holding 500€ on the bank for example, only 5€ are actually there. And if you happen to be wealthy only 100.000€ of the account are insured, so after this amount 0€ actually exist in your account, and in a case of emergency its not even clear if they can pay out any insurance, this is just to make it seem like theres any security, so people dont get the idea to withdraw their money.
Until January 2012, banks had to hold a minimum of 2% of certain liabilities, mainly customers’ deposits, at their national central bank. Since then, this ratio has been lowered to 1%. The total reserve requirements for euro area banks stand at around 113 billion euro (beginning of 2016).
And this effects compounds with the amount of people using them, they will just use your 495€ to give loans to other people, and when all of you want to withdraw their money at similar times, it wont be possible, cuz this much was never on there in the first place.
Now tell me a bigger ponzi than this. Youre putting money into something and 99% of it will just be used, to give non existent money to people, do you get now where inflation is coming from? When each time you deposit something 99% of it will be misused, and this only works, because enough people are not withdrawing their money and leaving it on the bank. Once too many people withdraw
their own money the bank collapses.
And this doesnt include when the central bank prints money yet.
Which is clearly evidenced in the balance sheets of the banks where the deposits are recorded as banks liabilities. Banknotes are of course redeemable for the deposits.
Like i highlighted above there are just nice sounding stories you just created, something you accuse Bitcoiners of.
By that logic you can sent "0.0001" 200,000 times by using Viber or other messaging applications. This would mean "using the number 2" by splitting it into 200,000 parts. Just like that guy can do in Nakamoto scheme. But... the guy can do that for free. Why would he pay $40,000 or give his car just to be able to do something he can do completely free?
Regarding the rest. You're pretty uneducated about how the banking system operates. You're just repeating nonsense conspiracy theories. But regardless, the only important point for this discussion is tha fiat currencies are numbers that represent the quantity of debt created in the banking system. Debt that is paid to dollar holders at every loan repayment. Everything else is completely irrelevant. So I will not educate you about anything. But even I try do do something like that it would be a complete waste of time. You're unable to even comprehend the concept of utility in economics, let alone the operation of the banking system.