Post
Topic
Board Bitcoin Discussion
Re: Bitcoins are Not Real — Or how Nakamoto Lied in their Whitepaper
by
Snowshow
on 22/08/2022, 11:06:31 UTC


Nobody is insulting you here in this forum. It is you, who has insulted Satoshi Nakamoto by saying " satoshi nakamoto is a liar",

I am old enough to be your grand father. Now, I educating you about money, economics, coin, bitcoin and number.

Money, is property, product and services. To count money you need numbers and math. Economics is the faculty in relation to financial system and its broader scales of literacy. Coin is something round in English it is known as coil. Example gold coin or slver coin. Bitcoin is digital and math base counting unit of cash as well as an electronic service system. It is a financial product. Now your problem is how number can become a coin ?  Numbers are the representation unit of calculation which is an index. In economic sense Bitcoin literally is an economic index number which is computationally mined by logic base algorithm. To understand it simply you need some education. You know who is your father ?  He has a name. Now your father is not really that name but the person who has been given that name. Bitcoin or cryptocoin is a representation name of financial product call asset or money or currency. It is unique and ledgered by index number known as coin.

After this explation if you do not understand you may need some more help.


Your rant is showing you're pissed off. But that's because you created things in your mind.

First, I said that Nakamoto lied in the Whitepaper. Not that they are a lier. Lier is a personal feature. There's no person that could be accused of such feature. No one knows who Nakamoto is. So, you're imagining things.

Second, what you did in the rest of the rant is interesting. You rightly distinguished a thing(money - property, product, service... from a number (math abstraction) that is used to express the quantity of the thing, but you didn't say what thing do you own in the quantity of, for e.g. "10" when the number 10 is attributed to your address in the Nakamoto's system. You just used generic terms: currency, money, asset. And you did that because there's NOTHING expressed with the number 10. Bitcoin/coin/asset/money/currency ... is nowhere in the Nakamoto's system. This system manages numbers. It's a primitive communication system. It has nothing to do with payments. It's simply a means for people to access modern pyramid-style scheme.

Payment method and ownership of property require a system which must be calculative mathematically and without numbers it is I.possible to calculate the bloody capitalism base financial product such as currency printed by the central Bank. All the central Bank are main pyramid scheme created by the plutocrats. We need to find a way to by pass those crook pyramid schemes of central Bank and Bitcoin and blockchain are the two components to challenge those evil central banking institutions. Government are scapegoats just for five years. You said Satoshi lied in the White Paper and you denying that you did not said that Satoshi is  liar. Funny !
Greatly funny !

Bitcoin is not pyramid but it is something simply new and innovative methods of payment system and new wealth, which you do know it but your job is to confuse other in this forum as you have been sponsored by Warren Buffet like Persons or bankers.



Your personal opinions on fiat currencies or on me are irrelevant here. Fiat currencies are debt units. Debt is something that exist and that is returned as explained in OP. End of story.  What is important here is that none of you who use the word "bitcoin" as some mantra, are able able to actually show bitcoins. You just believe in Nakamoto's Whitepaper, just like children believe in fairytales about unicorns. Sure you can write down numbers in some database and then claim that this is the quantity of unicorns or coins, but that's just talking nonsense. Saying that this is someone kind of alternative to banks that create, manage, secure, and collect debt, is craziness of a high order.