Quote from: Medusah on May 24, 2024, 04:47:36 PM

Quote from: JamesNZ on May 24, 2024, 09:27:46 AM

That's real value of food and dollars, and of course, it is subjective.

If "real value" is subjective, then it's real from some people's viewpoint. Everyone needs food, but not everyone agrees on a specific dollar amount for a loaf of bread. "Real value" essentially means something is necessary, but there's no universally agreed-upon price for any product.

You've also deliberately overlooked my question about what occurs if the government becomes corrupt, printing money out of thin air, and granting them to themselves—a scenario that's entirely plausible given the corruption associated with those in power. What do these dollars signify, when there's no debt recorded?

If you don't like bananas that doesn't mean other people don't have needs to eat them. Needs are subjective. The same is with dollars. I don't have a bank loan nor have I issued a bond to get dollars so I don't need dollars to return them to the US banking system But the governments and masses of individuals and companies do need them.

Regarding the second. What happens if the corrupt government destroyes people's houses in a war? Does that mean houses in general don't have real value? So, your logic is pretty flawed.

It's hilarious how you try to use all possible sophistry in defense of this nonsensical scheme called Bitcoin. Just cut it off and admit the truth: you invested in a pyramid scheme to try to get some quick buck. No need to spread all that stupidity about Bitcoin being revolutionary money an asset class, replacement for banks, etc.