Bitcoin: the World's first decentralised Ponzi scheme

That's more than a safe bet, Just listen to ye ol' Einstein "Only two things are infinite, the universe and human stupidity, and I'm not sure about the former."

 

You got somethings wrong. It's not just a Ponzi scheme.
It's a "Nakamoto scheme."

 

Let's try to explain, in simple terms, why Bitcoin will not fail. The world's leading economies are built on an never ending increase in debt, ie printing more money. Talk about Ponzi? The world's economic system is a house of cards primed to fall. Is this a Ponzi scheme that you would rather trust? Bitcoin has already been accepted world wide as a store of value with a known limited supply and has done what it has done with just a small fraction of the world's population participating.

Call it nothing but computer bytes if you want but people are beginning to see it as digital gold, but more easily securely stored, more divisible, and more transferable than gold.

 

The world's leading crypto currencies on the net are built on never ending increase in new cryptos, aka mining more coins.

See? It cuts both ways...

 

Crypto is just another form of paper money although it's digital , no difference .

 

Oh, you meant Bitcoin - thought you were talking about the US Dollar.

 

If bitcoin adopts the best features of the new cryptos then the new coins will not catch on. Bitcoin will remain deflationary.

 

But it doesn't, that is the point. It will happen when Tesla makes profits...If I get younger in the future...

 

Lightening network is coming to speed it up.