I had a feeling this will turn by the end into a 'Bitcoin is a Ponzi Scheme' sort of Thread, so I skipped straight to the end and I was not surprised by the ending at all
With stocks, owners can benefit from the company's profits or capital. Profits can be paid out as dividends, and capital can be liquidated or used to repurchase shares.
With Bitcoin, owners can benefit from its speculated Price and can transfer their Assets to other people with no restrictions. Along MANY other advantages. What is your point?
Within cryptocurrency systems, nothing like this exists. There are no resources that can provide a benefit to cryptocurrency owners. There are only records.
Welcome to the Digital Currencies. Of course a Digital Asset does not have any backing resource. Bitcoin IS the resource.
Come on. You are trying to get us into the idea through this 'Bitcoin is an Activity Log' thing and then manipulating us into thinking this means Bitcoin is a Scam. How in the World did you get from one to the other. Yes, the Bitcoin Blockchain is a LEDGER.
For example, a few moments ago, one person gave another $61,182. In the Bitcoin system, this was recorded as an increment of 1 to the number associated with the first person's address and a decrement of 1 to the number associated with the second person's address. Initially, people gave each other $0.001 for the same numerical update (+1/-1). Such updates (positive ones) occure also when someone spends energy to maintain a decentralized database that stores these updates (blockchain).
Have you ever heard of Demand? Scarcity? Deflationary Assets? Maybe you also heard the combination of these three means the value of the Asset is going to increase significantly?
Comparing the '+1/-1' of today to the '+1/-1' of over a decade ago lacks all possible sense. Let me give you an example so you understand why it is a ridiculous comparison.
A few hours ago in my country, one person sold another a $100,000 house. In the records of the Government, this was recorded as an increment of 1 to the number associated with the first person's amount of owned properties and a decrement of 1 to the number associated with the second person's amount of owned properties. Five years ago, people gave each other $50,000 for the same house.
Does this mean houses are not real?
By the way. I do get such a strong feeling that I read almost exactly the same idea a long time ago over here. Definitely not written by your Username though. Do you have other Bitcoin Talk accounts by any chance?