Post
Topic
Board Bitcoin Discussion
Re: Why is Bitcoin the Dumbest Thing Ever Invented
by
cryptodevil
on 09/06/2024, 14:11:12 UTC
Do you understand?
I understand perfectly that you said the same nonsense as before by using more words. Bitcoin is unit of nothing. Nothing is not scarce. Nothing has no value. Nothing cannot be money. No energy is being spend in creating nothing. In the Bitcoin system energy is spend on plain brute force random trial and error of finding a number that solves a hash combination. It has nothing to do with "creating Bitcoin". Bitcoin is created as a unit of nothing via simple declaration.
[/quote]

Yeah I'm getting the feeling that you *really* don't understand a word of what is being said to you.

'Money' is a representation of work done. Time and Energy.

An issued unit of Bitcoin is the result of Time and Energy, ergo, it is not 'nothing'.


If you are incapable of grasping this premise then you have no hope at all of understanding the topic of money. Stop confusing it for currency, that is merely its representative token.