Quote from: cryptodevil on June 09, 2024, 02:11:12 PM

Quote from: JamesNZ on June 09, 2024, 01:51:03 PM

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.

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.

You can repeat the nonsense that money is representation of work done, but reality won't change. In reality, neither work is required to create Bitcoin, nor money is representation of work done. Work is activity involving mental or physical effort done in order to achieve a purpose or result. Money is an item, a thing used as a medium of exchange. In the Bitcoin system no such thing exists. That's why nobody here was able to answer my simple question: "the unit of what thing is BTC". In the Bitcoin system people are just informed that they have xx units of nothing. They spend energy on random trial and error of finding a number that solves a hash combination after which the protocol tells them: "you have xx units of nothing". They then sell these units to others. That's the reality.

But you can keep denying reality by talking nonsense. It is not a problem for me to keep repeating what reality is.