Post
Topic
Board Bitcoin Discussion
Re: Why is Bitcoin the Dubmest Thing Ever Invented
by
JamesNZ
on 28/04/2024, 05:21:58 UTC
The system doesn't manage units in a company like the ones that deal with stocks or units in debt like the ones that deal with bonds and fiat currencies.
I think you're not sure about the concept of Bitcoin, it's basically a decentralized system that's not owned or controlled by a company. It even doesn't work like traditional banks where debt is the main runner of the fiat system.

It's simply a p2p payment solution where community decides its value. If community keeps holding Bitcoin that they purchase then its value will connote to grow no matter if it gets 1 billion people who criticize it. Bitcoin doesn't have to manage units like a company as it allows the community to do that.
You don't get it, do you? Transferring empty units is is not a solution to anything. What would be solved if people would send empty envelopes and packages to each other? Someone sends you 5 empty envelopes. You pay them $100,000. Then you keep them for a month. After that you send them to someone else. The recipient pays 200 thousand dollars for them, keeps them for a few days and then sends them to someone for a certain amount. And so it goes round and round. Empty envelopes go from person to person. What is that solution? Why? This is nonsense, not a solution. A simple pyramid scheme. Not the same with those empty BTC units you send to each other.