Post
Topic
Board Bitcoin Discussion
Re: How Satoshi Nakamoto Fooled the World
by
JayJuanGee
on 10/07/2022, 20:38:28 UTC
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... sending numbers is completely free. Why would anyone pay $40,000 or give their car just to be able to do something they are able to do free of charge?

What is printed on a bill? What is being sent when you do a wire transfer? Camels? Why would anyone do wire transfers if they can send numbers on viber or other chat apps? Here i'll send you a 2000 now, lets hope it magically reaches your bank account number. Bitcoin is a payment system, not a random number, how will you design a payment system without numbers? How does what youre saying about numbers have any relevance? Or because Bitcoin isnt mandated by the state its equivalent to sending nothing, is that what you wanna suggest here?

Why would anyone pay $40,000 or give their car just to be able to do something they are able to do free of charge?
The reason is simple, with 40,000$ in Bitcoin you will be able to acquire resources, with a 40,000 on viber you wont be. And this 40,000$ is put in a system with the properties we mentioned many times now(censorship resistance, limited supply, not confiscatable etc). While the fiat system has worse qualities, to just store these 40,000$ in a bank account, with risks we also already mentioned.

That's an interesting way of framing the matter, tadamichi...

You may have inspired some people to begin to feel like sending a few thousand numbers to each of our friends and family. 

And, sure I do not have a lot of friends, but if I just start to go through my phone contacts and expand my definition of family and friends, if I just keep up the practice and continue to expand the people on my send list and maybe even give bonuses numbers to some of the special ones, after a while I might be able to get up to sending millions of numbers, just by sending a few thousand at a time.  I am quite sure that the recipients of my numbers will appreciate my good deed, and they might even be able to forward what numbers I had sent to them in order that other people (unknown to me) might be able to benefit from my having had started out the process of sending numbers to various individuals in my group.