Quote from: arcmetal on Today at 08:48:36 AM

Quote from: Snowshow on Today at 08:24:18 AM

[edited out]

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.

Hahahahaha

You seem to be getting at some of the crux of Snowshow's apparent difficulties to engage in abstract thinking.. so in that regard, he apparently is not having an easy time to assign value to anything that is not physically graspable.. ..

Many kids cannot really engage in abstract thinking before they are 5 years old or so, and surely, abstract thinking is not an absolute, but instead something that likely builds in the sense that some kids will be capable of abstract thinking sooner than others, and surely some adults have a lot of difficulties with abstract thinking..

Surely Snowshow is not completely devoid of abstract thinking, but instead he seems to ONLY be selectively applying it...... and so maybe one of the ONLY services that Snowshow happens to be providing here is a springboard for several of us to continuously illustrate the various ways that he is a purposeful dumbfuck regarding various bitcoin basics - and the same is true when he might apply some abstract principles (or do we call it pure faith and belief) to the powers and workability to various fiat systems, while at the same time failing/refusing to appreciate that bitcoin is even less abstract and fantastical than the many belief and faith hoops that have to be achieved if believing in fiat systems... in that regard, bitcoin reveals itself as such a concrete kind of system in which ongoingly verifying of the ledger contributes towards the recognition (for those able to see it) that bitcoin is the most grounded of value systems (thus soundest of monies).. so in that sense less abstract than fiat systems.

Quote from: tadamichi on Today at 11:03:30 AM

Quote from: Snowshow on Today at 10:33:06 AM

Go educate yourself how banks operate and manage debt. Or you can repeat the same stupidity. I don't even read your responses anymore.

Translation = the troll is beat and gave up.

Hahahaha

Snowshow seems to hardly know if he is coming or going.. so that's why he put a sock puppet in here too..

Of course, we already know that either he does not read or if he does read, he does not respond to actual substantive points or reality that undermine his various ongoingly lame stances...

And yeah sometimes he does bring up or refer to some of the points when he thinks that he can spin them in some kind of an abstract way (which does show that he is capable of abstract thinking and even abstract presentations)...

So if he is not dumb. .then what is he? I know.. I know.. I know... I am not expecting that any of us are that fooled into thinking that Snowshow is even trying to make any progress beyond his various ongoingly dumbass talking-points, and maybe even he is frustrated from time to time regarding how little purpose he seems to be playing in this whole matter beyond just serving as a kind of ongoing comic relief.. to the extent that is even helping anyone to get some laughter at the dweeb.. Cheesy