Hi nostr:nprofile1qqs02zxkft4nrwkq2ge8sswv0h2ee8fhcxppq2sy3fpepx9ghwqkm2cpz4mhxue69uhk2er9dchxummnw3ezumrpdejqzxnhwden5te0dehhxarj9ehhyctwvajhq6tvdshxgetkqy2hwumn8ghj7emjv4jkuum0w4kzuumsv93k2gztcn5 I understand what you are saying. OceanSlim has given some interesting information in this overall discussion. However, going back to first principles, you can see like Core Devs, he uses illogical fallacies to back up his arguments.
My fellow friend nostr:nprofile1qqspgz966pym4w9r3wtkqad0leqncdfph0h0vtxyec6422vlf9cl9jspz4mhxue69uhhyetvv9ujuerpd46hxtnfduhszrnhwden5te0dehhxtnvdakz7h8asrx, I did NOT read the conversation you're having here with nostr:nprofile1qqspdudqzqx5ellme3prp68qus5se3vynsddcexkv5la5p7qxxcswjcprdmhxue69uhhw6r9v96zu6rpwpc8jarpwejhym3wvdhj7qghwaehxw309aex2mrp0yhxummnw3ezucnpdejz7qgnwaehxw309ahkvenrdpskjm3wwp6kytcymfx7k. However I can tell you from self experience that a comment from nostr:nprofile1qqspdudqzqx5ellme3prp68qus5se3vynsddcexkv5la5p7qxxcswjcprdmhxue69uhhw6r9v96zu6rpwpc8jarpwejhym3wvdhj7qghwaehxw309aex2mrp0yhxummnw3ezucnpdejz7qgnwaehxw309ahkvenrdpskjm3wwp6kytcymfx7k to a note of mine had also me making an imunity response. However I came back to the topic and wanted to learn about it the thorough and deep way. Only then I could ask nostr:nprofile1qqspdudqzqx5ellme3prp68qus5se3vynsddcexkv5la5p7qxxcswjcprdmhxue69uhhw6r9v96zu6rpwpc8jarpwejhym3wvdhj7qghwaehxw309aex2mrp0yhxummnw3ezucnpdejz7qgnwaehxw309ahkvenrdpskjm3wwp6kytcymfx7k the righr queatiins and I got very valuable replies from this entity.
Choose your path wisely, dear nostr:nprofile1qqspgz966pym4w9r3wtkqad0leqncdfph0h0vtxyec6422vlf9cl9jspz4mhxue69uhhyetvv9ujuerpd46hxtnfduhszrnhwden5te0dehhxtnvdakz7h8asrx
(I can't find my note and convo with nostr:nprofile1qqspdudqzqx5ellme3prp68qus5se3vynsddcexkv5la5p7qxxcswjcprdmhxue69uhhw6r9v96zu6rpwpc8jarpwejhym3wvdhj7qghwaehxw309aex2mrp0yhxummnw3ezucnpdejz7qgnwaehxw309ahkvenrdpskjm3wwp6kytcymfx7k for reference atm. Praise the forgettyness of nostr.)
Discussion
What is the illogical fallacy? Bitcoin IS more than just money. That's just a fact. It's a database. I know you want it to be just for money, that would be great and I would agree that that would be great. But that's not the reality we live in. But it IS optimized to be used as money. It doesn't make any sense to do these "spam" things on Bitcoin. The only reason for it now is it's cheap. 1s/VB as soon as the chain fees go up, these things will all be priced out. The fee mechanism is the spam prevention on Bitcoin. Not filters.
The clue is in the white paper, first line. You can deny reality all you like, even deny that the position of core hasn't changed and try to use technical arguments, to say Bitcoin isn't what Satoshi created and named. Like many of the technical arguments, I agree fees are one way to stop spam, but not the only one Satoshi advocated- you probably also deny that too.
As mentioned before, this has all been discussed before and if you can't agree on first principles, then there is no point in discussing further as you aren't capable to discuss this.
I see your move to first principles. Do you mean DYOR and don't trust, verify or which first principles?
"The first principles approach is a problem-solving method that involves breaking down complex issues into their most basic and fundamental parts, allowing for innovative solutions without relying on existing assumptions or conventions. This technique encourages questioning every assumption and reconstructing ideas from the ground up, often leading to unique insights and breakthroughs."
The Core apologists will not agree on what money is as shown by Ocean Slim from the start - so we have no starting point to any discussion. Starting at first principles is an honest way to analyse something and removes illogical fallacies from discussions - obviously those with intent to decieve don't want to do that.
I know what money is and Bitcoin is the best system for it. It's not a first priciple issue. We literally don't agree facts. The fact is you're wrong if you say bitcoin has no other use than as money. I'm sorry but that's reality. Dollars can be used to wipe your ass or keep a fire lit. Bitcoin is a database that charges fee paid in bitcoin to miners for space in that database. It's optimized to be used as a ledger. Satoshi made it for that purpose. Where am I wrong.
So in your own words, Bitcoin isn't money, it's a "system for it". So what is money?
Bitcoin is a system that has a base unit of currency bitcoin with a fixed supply of units.
Money is just something we use in an economy of scale to eliminate the need for a double coincidence of wants.
having a permissionless, verifiable and censorship resistant Network with a fixed supply, allows us to accurately measure the deflationary effects of technology to all equally benefit from the progression we make as a global economy that anyone can freely opt into at anytime, and no one can stop them from transacting, and no one has to trust each other about the money they are exchanging with one another.
So, bitcoin is money. It's ledger is on the Bitcoin Network.
Again you can't answer the question, try chatgpt.
Wth man... How is that not an answer to your question?
It wasn't a trick question. Is this what money is?
Money is a medium of exchange that facilitates transactions for goods and services. It serves several key functions:
Medium of Exchange: Money is used to buy and sell goods and services, eliminating the inefficiencies of barter systems where goods are exchanged directly.
Unit of Account: Money provides a standard measure of value, allowing individuals and businesses to compare the worth of different items easily.
Store of Value: Money can be saved and retrieved in the future, maintaining its value over time, which allows individuals to defer consumption.
Standard of Deferred Payment: Money is used to settle debts and obligations, making it easier to conduct transactions over time.
Money can take various forms, including physical currency (coins and banknotes), digital currency (like cryptocurrencies), and bank deposits. Its value is often derived from the trust and confidence that people have in the issuing authority, such as a government or central bank.
yes
Great.
2. Can you confirm what is Bitcoin according to the white paper? Did Satoshi create digital money or something else?
3. And finally, what is Bitcoin in YOUR opinion?
According to the whitepaper bitcoin is a digital signature
You must be reading a different one to the rest of us then.
I'm not talking about technical semantics of a single token. Hell, you may as well call it all 1s and 0s. I am talking Bitcoin as a whole.
Satoshi created a perfect system for peer to peer payments.
Bitcoin is a ledger in a distributed p2p network, bitcoin is the currency of that network.
Please be specific. We agreed what money is. Based on that:
2. Was Bitcoin created and intended to be used as money according to the white paper?
3. Do You believe Bitcoin (not single parts of it) as a whole is money?
I don't know how to be more specific than I am being. Bitcoin as a whole is not money. Bitcoin is a network. And the base currency of that network is bitcoin. And yes Satoshi designed it to be a peer to peer money system.
Thanks for your honesty.
So you agree Satoshi created a digital money but you personally believe it isn't money.
That's fine and we can have diffences of opinions.
So, in your opinion , Bitcoin is a network with a base currency, called Bitcoin that some delusional people think and use as money. That makes total sense.
No I believe it is money. I just believe it's much more than just money. It is a perfect system for money.
So what is your final answer to 3 on what Bitcoin is?
So far you have said :
It is money
It's money and much more
Perfect system FOR money (therefore NOT money?)
Just so for me to be clear on where YOU stand and be sure there is no confusion.
Money is just one component of Bitcoin.
Can you be more specific? What is it then if it is only partially money? Does this thing have a name?
Bitcoin is a daemon.
Once you figure out what Bitcoin is, let us know.
I don't disagree that the purpose of Bitcoin is as a money system. But you can't stop people from using things in ways they're not intended to be used.
You all are on a debate. I like it.
nostr:npub1zmc6qyqdfnllhnzzxr5wpepfpnzcf8q6m3jdveflmgruqvd3qa9sjv7f60 we know that you are on the βLuke team.β Ocean is in your name. Just admit it man you are with us. You run Knots, Datum, and mine on Ocean donβt you?
Seriously now I would like to add⦠Peter or Shinobi (whichever one said bitcoin is a database) is right but wrong by definition. It harbors many functions of a database, but the information in the database needs to be easily changed. We all know that once information is engraved on the blockchain it is no longer easily changed. So maybe they need to figure out another term that accurately describes this.
Database was never used in the white paper, but timestamp server and timestamp network was.
It was also #2 in the Reference section.