Re: How Satoshi Nakamoto Fooled the World

...

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.

I now realize that I have found the Achilles heel in the mentality of this "Snowshow".

He doesn't think that mathematics is a valuable resource, therefore he doesn't understand that information is a resource. Because they can't touch it, hold it in a bag, throw it at a wall. You can't punch an idea. And yet, it is one of the most powerful resources humankind has.

You know some of the earliest computers were used to calculate trajectories for artillery. These "calculated trajectories" were used to successfully hit the enemy with shells of ammo, or explosives. One cannot hold a "trajectory" in your hand, it's just numbers. Tongue

But guess what, I bet these trajectories held great value to the commanders in the battlefield. They were probably worth their weight in gold. Or, now they may be worth there weight in bitcoins.

I see you're still not done with the stupidity. What information are you fantasizing about? Of course that information is a resource. If you have some nasty discovery about the president Biden or some publicly important person this can be very valuable information. But by entering in Nakamoto's scheme you bought no information. The system simply attributed a number to your address that supposedly represent the amount of tokens or coins. But you're is not even able to show those coins. Because they don't exist. They're simply a bait to lure people in a Ponzi scheme. All Ponzi schemes, from the one invented by Charles Ponzi to the one invented by Bernie Madoff, had some kind of bait to lure people in. Generally, the bait was business that generates big returns. In reality however no business existed. Which is why the returns to existing investors could only be generated from the resources contributed by new investors. What Satoshi Nakamoto did, is simply change the bait. Instead of business that generates big returns, Nakamoto used the bait of digital money that generates fast and secure transactions. However, neither money nor transactions exist im reality. And all those that took the bait and invested in Nakamoto's Ponzi scheme, are able to return their investments only from resources contributed by new investors. Admit finally that you're participating in a Ponzi scheme and want to make som money out of it. But please, stop with the stupidity and fantasies about some information or coins that doesn't exist. You look like a religious nutcase.