You still didn't get my point or the point of the Washintong Post guy
and i think it's because your clouded with optimism about Bitcoin..
It's more useful to try and see things as they are rather than pushing an optimistic view.
i will repeat it yet again..
no one said it's a ponzi or pyramid scheme.
what has been said is......
it is "more like" one when taking on an objective, analytical and functional perspective.
..in comparison to a traditional currency.And oh i am well aware of the history of gold and the emergence of the Federal reserve after Gold was dropped.
and i say isn't the point of BTC about the future of currency ?
So analogies saying it's like how we had things 150 years ago is silly no ?
Can you say going in reverse ?
I don't see it as an opinion type of thing.
I see it as an engineering thing.
Look at what -is-
Not how you want to interpret things.
Bitcoin and Altcoins are not used as currencies.
They are used as digital commodities that far more resemble a digital type of pyramid / ponzi.
And i doubt many of you out there admitting your 20 years old etc have a clue about the history of Pyramid schemes.
I recall the Water Filter pyramid schemes that went around in the 80's ..because i was there.
I am not a wide eyed wet behind the ears kid who is brain washed by Bitcoin bag holder propaganda. LOL
So ?
many of you need to actually get off your ass and go and learn what a ponzi or pyramid scheme is
and that is faaaaar more than Google'ing the definition at Wikipedia.
Try reading testimony from people burned by them and how they actually work out in the wild.
..then come and talk.
The first thing Altcoin guys did here is start propping up worthless clone coins with adding value services schemes.
That was the very fist bullshit gimmick of sorts.. we all laughed about it and called them on it too !
So tacking on a market that no one is or ever will use is a means to make it -seem- like XYZ coin has some use.
Oldest Altcoin dev (marketing team) tactic in the book.
And i see the same thing with Bitcoin itself.
0.01% of users care if it ends up being used as a currency.
The rest care if they make money off it.. it's farce ..a facade.
Just like Altcoins.
If you guys actually cared like you claim you wouldn't even put your new coin on an exchange.
The trade value would be of no importance to the bigger picture.. at least in the first years.
The disconnect with reality all around crypto is wide spread.
You all wish things were different so you try to say they are.
I'd say Bitcoin is not being used for many reasons the biggest being is they are too expensive to buy.
Why is that ?
IF any of you think there is hoards of people coming later to buy any coin for $300 a pop your insane !
Your high on crack LOL
It's never going to happen.. wake the fuck up !
The only thing that would cause a large surge in adoption (or the perception of adoption)
Is if it got added to the US stock exchange with regulations.
And that would solidify the death of it as ever ending up being a currency.
No crypto coin is stable enough to be used as currency value wise. (problem = wild swings in value)
That would do nothing to help get the general public to drop fiat and use BTC instead (or an altcoin)
NOTE: That would make BTC shoot up in value and in turn make it less likely Grandma is buying some.
And there for simply push the user base of BTC to be even more just for traders.
I am wasting my time because no matter what many of you refuse to hear the truth.
The housing market crash people in the financial world called that a Ponzi scheme.
Because of how it
actually worked.. derivatives.
And the parallel is identical to this crap.
The bundled derivative housing stocks were hollow and worthless and bared no fruit.
They were / are exactly like a useless digital token we see in Crypto.
There is no "one day"
