Post
Topic
Board Bitcoin Discussion
Re: How Satoshi Nakamoto Fooled the World
by
JayJuanGee
on 11/07/2022, 17:08:23 UTC
When banking system was created, the bills were attributed some value, something we today call as fiat currency. Its nothing but a piece of paper backed by reserve bank. Still it changed the way we do transactions( Previously it was barter). Then came the online banking, but it lacked the flexibility of true digital currency. That is where satoshi saw opportunity and gave us a system of online currencies, today we call as crypto, which can help us make blockchain based transaction. Which outweighs fiat or online banking.

I agree with what you if you happen to be talking about bitcoin - especially since you mentioned satoshi, but you did not use the term bitcoin, which causes some confusion and ambiguity in regards to your references. 

It seems quite vague and amorphous to proclaim that the invention, innovation or even the progress of bitcoin is called "crypto" or "blockchain" because it is very difficult to know what the fuck you are talking about when you employ those kinds of terms. 

Sure there are a variety of matters that are built along the side of bitcoin, and some might be competing (or they seem to proclaim that they are) or they might be complementing bitcoin, or they might be scamming folks into some kind of made up bullshit to cause them to believe that their project is equal to or better than bitcoin or similar to bitcoin, but it seems vague as fuck, at best, to be throwing out those kinds of terms of crypto and blockchain if you had been wanting to talk about bitcoin in this here thread.

Yeah. a lot of people throw out vague ass terms like crypto and blockchain when they are talking about bitcoin, but that does not mean it is worthy of replicating, even if your intentions are good.... in other words, if you mean bitcoin say bitcoin.. otherwise specify what you be talkin bout willis.

Even Snowshow, as disingenuine as he seems to be most of the time, seems to understand that there is a difference between bitcoin and crypto and between bitcoin and blockchain and at least nominally does not seem to be afraid to use the term bitcoin, and he is not throwing out vague-ass terms like "crypto" and "blockchain" when referring to his assertions of alleged deficiencies in bitcoin. 

Of course, Snowshow seems to be mixed up and confused in a variety of other ways and seems to not know what he is talking about in terms of differentiating bitcoin and various fiat systems or even being able to sufficiently and adequately explain various fiat systems, so I don't necessarily want to proclaim that Snowshow actually knows what bitcoin is either because there is quite a bit of evidence to show that he has "issues" in terms of understanding what bitcoin is, too.