Post
Topic
Board Bitcoin Discussion
Merits 1 from 1 user
Re: How Satoshi Nakamoto Fooled the World
by
arcmetal
on 17/07/2022, 10:51:19 UTC
⭐ Merited by JayJuanGee (1)
...

Sure, paper stickers can be money because paper is a resource. Although the utility of such resource is small, in theory you can at least compare its degree of utility to the degrees of utility of other resources. But in the Nakamoto scheme, you cannot even show stickers or tokens, neither digital nor paper ones.. All you can show is a number in your wallet that represent the amount of digital tokens. Giving up the actual, valuable resources just because a system of an anonymous person will tell you that you hold a specific amount of tokens that you cannot even show, is the stupidest thing humans ever invented. Putting money in this stupidity because you hope you'll make some money is one thing. But trying to defend it, by writing endless rants about freedom, revolution, new money, etc. is the stupidity of a high order. I mean, just taking a small look on what some guys here are writing and you don't know whether to laugh or to cry.
I see what you mean here, I see what you are trying to figure out.

You think some "resource" needs to be transferred, but you want this "resource" to be made of some atoms.  Or, at least that's what I think you meant.

There are material resources: computers, their wiring, the electricity that make them run are made of atoms, electrons, and charges that flow through the wires. These material resources help computers, the internet, and bitcoin to function in a timely manner, but they aren't necessary for the internet or bitcoin to function.  What you are missing, and can't seem to understand is that the "resource" incorporated in a bitcoin transaction is actually "informational".  It is wrapped up in its cryptography, in the mathematics that allow it to work.

There is value in understanding the following knowledge:  1+1=2.   If you can't understand why that type of knowledge is valuable, then you will never understand why exchanging bitcoins for products across the globe can have value.
The level of stupidity in your statements is stunning. You're saying that no resources need to be transferred in a transaction. WTF?! How's that a transaction then? You gave your car to someone and some anonymous people just write down that you have 5 tokens, that you cannot even show. How's that a transaction? How do you know what degree of utility can you get in return for the degree of utility that a car can provide? I mean,  you know this whole thing  is stupid as fuck. But instead of admitting this, you just say: 'well, I guess nothing needs to be transferred in a transaction. No resource. Nothing. It's enough to just write some number into a database.' You people are literally out of your minds. I understand those that want to get some money out of this Ponzi scheme. But trying to defend this as some revolutionary invention is crazy.
Ha, gotcha.

I tend to keep my comments simple and succinct.  Any normal person would easily be able to follow my comment's logic. 

Your reply, on the other hand, shows that you are intentionally pretending to misunderstand. 

You are projecting.