⭐ Merited by tadamichi (1)
Quote
hat’s why Bitcoin system is not a payment system. And now, a fan fact. Not only that Nakamoto’s tokens cannot provide utility to their holders. But the holders cannot even show the tokens. All that they can show are numbers in their wallets that represent the amount of the tokens.
I have been doing freelancing gigs lately. Guess how people pay me? Through crypto
Paypal has a 10% fee in my country, international bank transfer takes weeks, other payment methods are equally incompetent or riddled with unnecessary fees.
But bitcoins and crypto? I get paid instantly, I can convert it to FIAT whenever need be or hodl or convert it into something more stable
Your arguments are flawed and outdated.
Fuck shitcoins.. we are not talking about shitcoins in this thread.
[edited out]
There's one problem with your rant about information. You missed out something that is called "fake information". This is when someone tells or writes something that is not true. Nakamoto's software writes down something that is not true. It writes down that people have a specific amount of a digital resource called bitcoin. But that's a lie. It's fake information. For example, let's take a person with the number 0.001 and a person with the number 1,000 written next to their addresses. If those numbers were actually true, if they were representing the amount of some digital resource, then the second person should be able show 100,000 times more digital bits in their possession, than the first person. Because, all digital resources are composed of digital bits - 0 and 1. And they occupy memory space. Yet, there's no 100,000 times bigger memory space reserved for the second person, occupied with digital bits. Both persons have only numbers attributed to the addresses. Numbers that occupy nearly the same memory space. Hence, there is no digital resource called bitcoin. Nakamoto's software is writing lies to your online addresses. You're simply the participants in a Ponzi scheme that uses the bait of non-existent bitcoins to lure people in. No amount of rants can change that fact. To the extent that you are even attempting to grapple with reality Snowshow, you really seem to be mixed up. Even a Ponzi scheme is not fake information, but it gets a sense of becoming fake if it loses all of its value...and frequently in a Ponzi scheme, the value will quite suddenly go to zero because the payer does not have enough money to cover all of the payouts that are in the system.. so then it gets discovered and then loses value quickly when new folks stop depositing and existing holders might even withdraw. It continues to be a pretty vacuous claim to be asserting that bitcoin is like that - even though for sure concededly, bitcoin's value would plummet greatly if 80% or more lost confidence in it.
tadamichi also provided a good response in terms of verifying bitcoin's information..