#Bitcoin is tangible.

#Bitcoin physically exists.

- Computers are not merely abstract.

- Networks are not simply conceptual.

#Bitcoin physically exists on a physical computer network; your physical device is used to interact with it over the physical internet.

It's all real.

Reply to this note

Please Login to reply.

Discussion

The thing that makes it more real than fiat currencies is that it can't be printed at will and requires proportional energy to mine and move, similar to gold but without mass.

πŸ”₯πŸ”₯

Electronic cash. Electrons move around and cause a state change. It’s tangible.

Love this take. The 1s and 0s aren't a figment of someone's imagination, they are real and immutable.

And when someone says "Bitcoin isn't tangible" what they are actually implying is that "Bitcoin isn't real" and "Bitcoin isn't valuable", to which the proper retort is: "is the internet real and is the internet valuable?" to which the answer is obviously the internet is real and of unbelievable value.

So it's the electrons in the computer memory?

What's so special about them?

It matters less the physical manifestation that computer networks take. To the end user, the interface and the rules and rights of Bitcoin are what is experienced. A car is similar; users experience the cab, the steering wheel, etc, and are convinced of its value based on what it allows them to do, without knowing the intricacies of it's physical engineering. Same with micro nuclear reactors.

Sure, but you said Bitcoin is tangible. I want to know what tangible object you are calling "Bitcoin" so that I can seek to understand this object

My laptop is a Bitcoin? How do I cash in on the $100k or whatever?

Have you tried shoving it up your ass?

I have not

Perhaps that is how the Bitcoiners became the way they are

If the encoded text stored on your laptop (or other device) has the correct sequence, then, yes, the device is the keyset that "is" your BTC and allows the public ledger to be changed in certain ways. Similarly, your car must have its components arranged in a very specific way for it to turn on and enter the roadway.

OK, let's say, Bitcoin is tangible and my laptop (with the correct key phrase) *is* my Bitcoin.

When I want to spend it do I ship the laptop to the seller of whatever I want to buy? Or is there a central clearinghouse that sorts through everyone's laptops and pagers and whatever?

You know the answer to that already. Cheerio!

In other words, you have told lies and cannot carry on.

No, don't think so.

If I spend something, I must part with it

Therefore, If I spend my bitcoin, I must part with my bitcoin

My laptop is my bitcoin

Therefore, if I spend my bitcoin I must part with my laptop

Do you agree with this conclusion? And if not, which of the two premises is false?

Pallie, I am all for Socratic dialogue, but I do doubt that Socrates was as prone to insult and micronit-picking as you. After all, it's said he had a lovely wife and he must have won her heart somehow, and given her a good bit of his time.

As to whether Bitcoin is real or imaginary, I am no longer convinced you even have a position on the matter. If you do, you haven't stated it.

My position is that computer networks, like the BTC network, and their components are real and have physical attributes though they are also defined by instructions and processes which cannot literally be palpated. Lightning and fire -- and life itself -- are also processes which involve matter, but are not strictly matter alone.

Grid infrastructure