Coney_Croft on Nostr: It’s not difficult to understand that some believe Bitcoin to be some kind of Ponzi ...

It’s not difficult to understand that some believe Bitcoin to be some kind of Ponzi scheme. Yes, too few people that got in early and or Whales control too large a percent of all available. And some may feel that the early in will cash out and leave the late comers holding a worthless bag. That’s how Ponzi schemes work. At this time, due to the tax implications, most will hodl, down on this asset. That’s not the ideal use case for it. Holding it does nothing to prove its real value. Its worldwide permission-less, unhackable distribution is its true strength. As soon as it is excepted as a payment system, that is not taxed like a commodity or security, then it will start to flow freely into the wallets of everyday users, whom will use it in there everyday life. The idea that it might be a Ponzi will disappear, and give way to the fact that in this internet age, it’s the best money ever conceived of.