What is money? Various goods and services. But right now it's more of a speculative instrument, or hedge against inflation, or a means of bypassing currency controls in unfriendly countries.
Bitcoin: The Postmodern Ponzi Purchasing a bitcoin is buying an entry in an accounting database, an extraordinarily expensive collection of bits. It has no manifestation in the real world, produces nothing, has no assets, income, customers, cashflow or dividends. The net present value of bitcoin is zero and can never be non-zero. It’s value is purely from a form of recursive speculation, a delusion that more victims will come to speculate in the speculation thus perpetuating the scam and driving the speculated “value” higher. today cryptocurrency is nothing more than an ecosystem of thinly veiled gambling products Ponzinomics A term commonly used to describe crypto asset investment schemes which are is-negative-sum investments, which exist to enrich a pool of insiders, much like a Ponzi scheme, and yet rely on techno-obscurantism or crackpot economics to obfuscate or distract from the internal payout structure of the scheme.
It kind of slipped under the radar somehow? But a dude burned himself alive at Trump's trial to bring attention to BTC ponzi theory. GOOD LUCK
You didn't hear about that? It was right in the courtroom but the sketch artists really struggled to get the flames and smoke to look convincing, so a lot of media outlets skipped the story.
If he had said 2030 (post 5th halving) he'd almost certainly be right. 500K by 2027 is probably a coinflip. We're about to hit this epoch's bullrun, but I don't think we make it to 500K.
I swear it got swept under the rug (similar to the US soldier who burned himself protesting Israel). A man burned himself alive outside of Trump's trial to draw attention to his manifesto, outlining his conspiracy theory centered around bitcoin. I believe you can still read his stuff here: https://www.instagram.com/dipshit_secrets/ https://www.nytimes.com/2024/04/19/nyregion/max-azzarello-man-fire-trump.html
