Is that it? is that all you get? I'm here suspecting a lot of you have bought into a Ponzi scheme and you got zero articulated defense. Ok.
Discussion
Have fun staying poor
Plenty of people can get rich in a Ponzi scheme. But that does not negate from the fact that the people on top get rich by getting other people involved lower down.
Mind you, the only people getting rich with Bitcoin are the ones who eventually cash out for US dollars, and the US Dollars make them rich.
The only reason Bitcoin is worth money is because there's always another sucker willing to pay cash for Bitcoin. Until there's not.
Bitcoin derives value from its ability to remove state control from the expansion of money supply and transaction censorship. Unfortunately, the failure of most users to use Bitcoin privately negates this value proposition.
Fiat goes down. Bitcoin goes up. It's as simple as 1+1=2 . What you fail to realize is Bitcoin is new money technology and fiat is bad. Bitcoin is the riches, fiat is the ponzi.
Bitcoin is extremely volatile and makes the dirty fiat currency look really stable.
From a morons point of view 😆 🤣
The stability of the fiat depends strongly(!) on the country/fiat.
FFS, Turkey has an inflation of 70%. Turks are traditional gold bugs (for a reason), even they see the value of Bitcoin (high adaption).
And I am not talking about countries like Argentina and so on.
And then: ever tried to send money international without owning a bank account? Like in 3rd world countries? Or even with a bank account? It's a mess, you pay high fees to Western Union or you have to find someone "eligible" enough to have an account in that country, plus state fucking you (taxes, observation and so on).
For these people Bitcoin has a real good usecase.
Yes I can definitely see the use in that
The point is to not cash out for fiat. Until you understand that part, you cannot understand the rest. Millions of people own btc, untold number of businesses accept btc. Dollars become more and more irrelevant as more and more individuals and businesses get onboarded.