>It is an investment. With a lottery ticket your odds of winning are very small and you will likely lose almost all the money. With a pyramid scheme, the early

>It is an investment. With a lottery ticket your odds of winning are very small and you will likely lose almost all the money. With a pyramid scheme, the early entrants are paid with money from the later entrants as part of a scam-- and it's unsustainable-- but bitcoin is perfectly sustainable, it's simply an asset that happens to be appreciating. I think its pretty clear that the early entrants are getting paid with money from the later entrants. The question left is is BTC sustainable. Etherium shows BTC is easily replaced. Currently yes it is an asset that happens to be appreciating - do you think anyone wants to own it when it starts going down?