JamesNZ thinks banks give out peoples money as debt to others.. that alone shows how little he knows about economics of FIAT.. let alone bitcoin
and fiat has been around alot longer than bitcoin so he has had plenty of opportunity to learn about how fiat works, yet he has failed

FIAT mortgages are not about giving your money to mortgage applicants, thus mortgage payers do not owe you.
what actually happens is banks total up the bank account customer holdings and produce a number.. this number is REPLICATED at a ratio to become a new allowance that banks can make(create new money) to offer out as credit/mortgages with stipulations that the receiver has to pay back TO THE BANK over time +interest to refill the used BANKS credit allowance amount OF THE BANKS CREDIT

thus its not actually your money they use in mortgages and mortgage payers are not repaying you...

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as for bitcoin. because it is codified as a rule to produce a set amount over a certain time, which depreciates, it makes bitcoin a strong value unit which has real creation cost which people base underlying value of, and then apply speculated extra amount based on desires, utility and demand which the creates then market rate. the market rate is a variable amount that is more volatile than the underlying value. but bitcoin has a high underlying value compared to the creation cost of fiat. bitcoin has a deflationary production rate, fiat has a inflationary production rate.
new bitcoin units (sats) production rate depreciate in amount over time but the cost of production(mining) increases. there is also an ultimate limit to how many will ultimately be produced, which adds an extra layer to the value, speculation decisions that become the market rate of those wanting bitcoin

bitcoin does have real world utility, which adds an extra layer to the value, speculation decisions that become the market rate of those wanting bitcoin

making bitcoin (said again for emphasis) a stronger value unit compared to fiat

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lets delve into jamesNZ misconceptions of his postal analogy

firstly sats are stamps
stamps are used to pay for parcels but also are contained within the envelops, whereby people can transfer stamps
the envelops are transactions which contain the stamps and show the destination of the stamps
yep stamps pay for the envelop outside of the envelop(tx fee) and also transfered within the envelop(transfer)

there is a underlying cost to the postal service which is rewarded by creating stamps which can be sold to cover costs of the postal system
there is a limit to how many stamps are produced per batch of work done to process envelops. and that amount of stamps reduces every 210,000 batches.
this creates a cost-reward-market economics for the postal service which people then see as collectable and tradable stamp market.
as the postal system gets more popular the underlying processing cost increases and the amount of new stamps decreases over time raising the underlying value of the stamps.
people then ontop of the value then speculate a more volatile market rate retail price of the stamps based on demand, desire and other aspects

so its not "empty envelops"

it costs $0.08 to print a $100 bank note
it costs over $25k* of hardware and electric to create 1btc
*$25k Slavic countries low electric -> $150k pacific islands high electric

so if people see the market rate of ~$58k
some see it as great discount to buy. some see it as good profit to sell.

but overall there is real cost underlying bitcoin. thats not at a 0.08% rate, but more so depending on location 45%-280%

also
james under your other alt account in previous years, you said the same stupid stuff of not understanding fiat economics and bitcoin economics.. so why make a new name just to say the same crap. atleast learn from your mistakes and come up with new mistakes, .. or a new idea/theory. why repeat the same crap again

you talk about turds knowing your body can create your turd from your body at low cost after the utility is finished and its time to reject the waste product and relieve it/release it from the body. to then dispose of it and forget about it. which makes turds useless and of no value

but you dont realise specific units locked within a body and move/transfer within a system and produced in that system to do a function is not a turd it is instead a nutrient the body uses. it doesnt/cant leave the system and is useful within the system.. so within that system you need to understand the cost of that nutrient production, for the need, use, desire and intent of the nutrient has a cost

not the waste junk that gets pushed out and rejected and relieved from the system to decay/waste away

Whales are manipulating and create bear trap after halving so that more Leverage trader going to lose and investor are afraid to invest
This is called pure bear trap which is amazing buying opportunity for pure bitcoin lovers and as my opinion.

Just see and wait it will achieve more power and make skyrocket after few months as my opinion.

value is where there has been a cost in somethings creation and someone desires whats been created

creating a mortgage agreement costs nothing.
money creation has no value.

money creation gains value later on once in circulation/in the system

bitcoin however has a cost in its creation.. the mining cost. so has a value upfront at its creation.
yes the value is less than the market rate but thats how value works wholesale value is always under retail price
the difference between wholesale and retail is the speculation based on demand and supply

learn some economics before you disappear for a year and come back with a new name. and lets hope next time you come back with new arguments instead of repeating the same flat and debunked crap you have done previously and currently

You really made a topic just to say that thing about bitcoin. Since you said that, you shouldn't be here on this forum if that's how you feel about Bitcoin. Because most communities on this platform are Bitcoin believers.

So does that mean all Bitcoin investors are dumb investors if that's the case for you, OP? Is that right? although I still understand you somehow because that's your opinion.

Congratulations OP, you've generated the publicity that you've wanted. Why are you still here? I guess it's a bit dumb of me to respond here when the right thing to do is to ignore the trolls but someone has to say it. If it's really dumb concept to you then shouldn't you justifying it much more clearer than that? Or you shouldn't be in this forum in the first place because you're not seeing the benefits of bitcoin. I don't blame you though, I mean sometimes people are being bitter about things that they can't achieve, were you the kind of person that didn't bought bitcoin when it was still cheap? So now you're slandering bitcoin and don't want others to enjoy it because you've missed out? That's just sad if you ask me.

bitcoin is not meant for everyone but it is people that I have the interest on it or develop interest for Bitcoin that will welcome Bitcoin as a good technology and also a good digital currency so I believe that Bitcoin with something that people that have the knowledge can easily follow but if you don't have the understanding of Bitcoin you will not be able to follow Bitcoin that is why I will agree for you that bitcoin is not meant for everybody

Even smart people can have dumb ideas. Satoshi Nakamoto proposed a dumb idea. People feel for it because they saw it as a get-rich-quick scheme. Sure, you hava a distributed database. But empty units that are stored in it are not coins, money, currency or an asset. Proposing something like that was the dumbest thing ever.