Quote from: franky1 on Today at 02:36:00 PM

Quote from: Snowshow on Today at 01:45:00 PM

Bravo. .... Now watch this: "101111101011110000100000000". I just created 1 BTC. For free. And you people are paying $17K for that? Hilarious.

Now you. Try to create 1 dollar. Dollar is an instrument of debtors liability that they need to for their loan repayments. Because dollars are issued as loans and withdrawn as loan repayments. Try to create just 1 such instrument by writing digits.

P.S. Yeah, everyone who asks critical question about btc is me. Hahaha.

no you did not

firstly someone just saying the word or writing the word "bitcoin" "btc" or quoting the binary in a forum, did not create new bitcoin

bitcoin is on the bitcoin network. its secured that way it never leaves the network. and its fundamental rules restrict how its created.

to create new coin within the many rules also involves mining which has a real world cost. meaning acquiring new coin comes at a real world cost of electric and hardware.. yep its called proof of work

if its not confirmed on the bitcoin blockchain.. its not bitcoin

if you want to cry about a low low value coin that is made too cheap but sold for too much.. look at the PoS coins, forks. side chains and subnetworks of things pretending to be bitcoin.. and aim your "valueless" arguments at those.. or coins where the inventor just crates a trillion coins in 10 seconds at no computational, electric significant cost (ICO-premine)

Quote from: Cyber_Alien on Today at 08:42:22 AM

I can produce a one-pound bill for a friend to grasp and inspect if they were to ask me, "What is a pound?"

with fiat. its paper not silver.. that paper USED TO represent backing to physical asset. such as a £5 (5 pound) bank note WAS centuries ago representative as a coupon that allowed the bearer(holder) to swap that coupon(promissory note) for five metric pounds(lb) of sterling silver

however the banks broke their own rules and changed the rules.
now bank notes are representative of other rules, where value is measured at things like minimum wage, tax rules wher someone has to pass around these fiat amounts to pay X min wage or y% tax which keeps them in circulations and valued to certain known amounts of other things.

similarly in the cryptocurrency industry. there are sidechains. where they too 'print' coins at no value. which are not real bitcoin. but representational 'promises' of peging to a bitcoin. but note they are not bitcoin. nor is a bank note silver.

..
bank notes are not property of people. bank notes are patented products of banks and owned by banks and simply licenced/permitted to be held(bearer)(possessed) by people but not owned. this means the bank can take bank notes out of circulation or seize bank notes off people

bitcoin has no central owner. no one owns the bitcoin system, the public-private key mechanism proves ownership of who has control and custody of the coin allotted to an address.

there are other networks which have bad mechanisms that can remove coins from someones custody

Yes I did. You said that 1 btc is this: "101111101011110000100000000"

I created this.

Saying that "101111101011110000100000000" is on the bitcoin network is denial of reality given I just produced it here on forum. Without someone's rules. Without mining. Without POW. Without confirmation. I created ""101111101011110000100000000". In an instant.

So, why are you people buying or mining something that everyone can create in an instant?

It's interesting how you ignored my challenge on dollar. Try to create 1 dollar, i.e. 1 instrument of debtors liability in an instant. You can't. That's the point. Everyone can create digits. But not dollars. That's why Bitcoin is a joke. Joke taken seriously.