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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.

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𝕞𝕪𝕡𝕒𝕥𝕙𝕥𝕠𝕗𝕚𝕣𝕖 6mo ago

Again you can't answer the question, try chatgpt.

OceanSlim 6mo ago

Wth man... How is that not an answer to your question?

𝕞𝕪𝕡𝕒𝕥𝕙𝕥𝕠𝕗𝕚𝕣𝕖 6mo ago

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.

OceanSlim 6mo ago

yes

𝕞𝕪𝕡𝕒𝕥𝕙𝕥𝕠𝕗𝕚𝕣𝕖 6mo ago

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?

a source familiar with the matter 6mo ago

According to the whitepaper bitcoin is a digital signature

𝕞𝕪𝕡𝕒𝕥𝕙𝕥𝕠𝕗𝕚𝕣𝕖 6mo ago

You must be reading a different one to the rest of us then.

a source familiar with the matter 6mo ago

https://cdn.nostrcheck.me/f5b55f6b44b8997b2b6e8469a6a57f8d3f3b2ef27023543445c40ecec485ee64/7bdf357520a625e61f139146fa549c47c5fd8ba55aa61f2312191d8e5ec8a3a2.webp

𝕞𝕪𝕡𝕒𝕥𝕙𝕥𝕠𝕗𝕚𝕣𝕖 6mo ago

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.

OceanSlim 6mo ago

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.

𝕞𝕪𝕡𝕒𝕥𝕙𝕥𝕠𝕗𝕚𝕣𝕖 6mo ago

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?

OceanSlim 6mo ago

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.

𝕞𝕪𝕡𝕒𝕥𝕙𝕥𝕠𝕗𝕚𝕣𝕖 6mo ago

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.

OceanSlim 6mo ago

No I believe it is money. I just believe it's much more than just money. It is a perfect system for money.

𝕞𝕪𝕡𝕒𝕥𝕙𝕥𝕠𝕗𝕚𝕣𝕖 6mo ago

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.

OceanSlim 6mo ago

Money is just one component of Bitcoin.

𝕞𝕪𝕡𝕒𝕥𝕙𝕥𝕠𝕗𝕚𝕣𝕖 6mo ago

Can you be more specific? What is it then if it is only partially money? Does this thing have a name?

OceanSlim 6mo ago

Bitcoin is a daemon.

𝕞𝕪𝕡𝕒𝕥𝕙𝕥𝕠𝕗𝕚𝕣𝕖 6mo ago

Once you figure out what Bitcoin is, let us know.

OceanSlim 6mo ago

It's literally a daemon...

𝕞𝕪𝕡𝕒𝕥𝕙𝕥𝕠𝕗𝕚𝕣𝕖 6mo ago

Glad we've cleared that up. I'm surprised you aren't on Ethereum with all those use cases.

OceanSlim 6mo ago

🙄

𝕞𝕪𝕡𝕒𝕥𝕙𝕥𝕠𝕗𝕚𝕣𝕖 6mo ago

https://youtu.be/uCeTsaJOXDw?si=m7RGMk5XHSXnzf4Q

OceanSlim 6mo ago

No just bad faith.

𝕞𝕪𝕡𝕒𝕥𝕙𝕥𝕠𝕗𝕚𝕣𝕖 6mo ago

You said it's not money, so what difference does it make?

OceanSlim 6mo ago

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.