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In this thread an user of this forum has presented his theory about a "fair value" of Bitcoin.[...]
All things considered, for what reason do you believe it's a Ponzi plot?
Have I said this? I don't believe Bitcoin is a Ponzi scheme. I wouldn't be here if it was one
But yes, I think currently Bitcoin is overpriced. And even if in my previous post I wasn't talking about Ponzis, I think the large bull run has to do something with individual Ponzi schemes (like the MMM-Bitcoin scheme), active in many continents, but also "Ponzi-like" thinking. People see the gigantic bull market of the last 2 years and think they will be rich quickly if they invest.
The problem is that Bitcoin's price diverged a lot from the real "usage" - that has not changed dramatically in the last year, if you look at the number of transactions. We have no clue what it's fair value is, and pablomp's approach, for me, is one of the "better tries" (it's problem is that it does underestimate the usage as a "saving" asset).
Without having any parameter to value Bitcoin correctly, it becomes essentially a "greater fool game" - people trying hard to incentive FOMO buys to be able to sell for a higher price. That's very different from a "centrally planned ponzi scheme" like the one you mention.
