Quote from: Medusah on June 02, 2024, 09:04:03 AM

Quote from: JamesNZ on June 01, 2024, 04:52:29 AM

The Bitcoin issuer has no liability to redeem BTC units for a specific amount of money or other items.

Using poker chips as an analogy for Bitcoin was a bad idea, because poker chips are liabilities, not assets. They derive their value from the casino's promise to redeem them for currency. Bitcoin is an asset. It is not backed by anything other than itself, just as every asset. Its value comes from the trust and confidence that people have in it as a decentralized currency. You're just incapable of acknowledging that Bitcoin possesses these qualities.

You haven't answered my question:

Quote from: Medusah on May 31, 2024, 10:25:42 AM

If that were the case, then send 1 million bitcoins to this address: bc1q0u2tencdlkzeungrj7zsswl62nlxgucghhanwe. Since they're merely abstract figures in a database, it shouldn't pose much difficulty for you to generate them out of nothing, correct?

Isn't it fascinating how you people always compare BTC units to units of something actual. To fiat currencies which are units of actual debt. To gold, which are units of actual metal. To shares which are units of actual companies. And now to casino tokens which are units of actual liabilities to redeem. But when I compare Bitcoin to units of Monopoly money or empty envelopes and boxes, you vehemently reject that comparation. Even though you know that the latter hold nothing the same as the former. Such behavior is called playing dumb. You want to get as much units of something as possible from the Bitcoin scheme which is why you play dumb by claiming that your units of nothing are units of something.

As for your question. So you want me to send you 1 million empty virtual boxes by the rules of Bitcoin protocol. But the catch is that I can send you empty virtual boxes by the rules of 20 thousand different cryptocurrency protocols. Not only that, I can sent you a trillion empty virtual boxes without a protocol. Give me your email address and your name and I will send you this: "Your name -> 1,000,000,000,000 ABC". I will declare, just like Satoshi via his protocol, that you own a trillion empty units. So just because I cannot meet the rules of Satoshi's protocol that doesn't mean I cannot do what that protocol does.