The open ponzi-scheme comment is stupid and he knows it. Bitcoin behaves like any scarce asset, such as real estate. There's a limited amount available and pric

The open ponzi-scheme comment is stupid and he knows it. Bitcoin behaves like any scarce asset, such as real estate. There's a limited amount available and price goes up when there are more buyers. Price goes down when there are less buyers. Trading assets on open markets can not be a ponzi. No one is lying to anyone. No one is promising profits to anyone. Bitcoin is very new and that's why the price goes up so fast. As it grows, it will grow slower and slower, until it stabilizes. It did not fail as a currency. The last year has been huge for bitcoin as a currency, with the opening of Visa and Paypal networks to it, in addition to decentralized solutions. And that's just the beginning. To be really usable as an currency and as an unit of account, the price needs to stabilize first, which takes time. It's open-source software. That's what's important. Everyone can make improvements. When software is not instantly perfect, can you say that it has failed? Software gets better and better as time goes by.