Bitcoin Is [Functioning as] a Scam
Crypto is a given at this point; fiat currencies are on their way out. Whether it&#x27;s Bitcoin that takes the stage is up for debate.<p>So here&#x27;s why crypto is useful:<p>* Ease of dissemination has intrinsic value. Keeping track of gold&#x2F;fiat&#x2F;etc. and transporting it is difficult and error-prone. Crypto doesn&#x27;t have that problem.<p>* Cutting out middle-men. You don&#x27;t need transaction services to send and receive crypto.<p>* More transparency (or more privacy). We can easily see how much Bitcoin people are moving around, as we often see with the seemingly quarterly &quot;whale sends $1 billion in Bitcoin to someone&quot; reports, and yet no one can really know how much crypto you personally have.<p>* Smart contracts. You can make the transaction of crypto trigger events, or create second-degree value as part of the transaction.<p>Crypto is very young, so these things are being worked on and improved. Some things might not pan out, and some new things might suddenly become extremely valuable.<p>People saying &quot;lol, crypto is stupid like who even needs it&quot; are dinosaurs living with delusions of grandeur - and stability. Society is at a crossroads whether people like it or not, and things will drastically change over the next decade.<p>To say that Bitcoin is behaving like a Ponzi scheme isn&#x27;t inaccurate. Yes, it&#x27;s almost like the gold rush in terms of people rushing in to probably find themselves washed up and broke. It&#x27;s still a gold rush though (so maybe start making shovels?)