'You're clueless' if you're worried about the technical definition of a 'Ponzi Scheme', when colloquially, it's clearly a scam in which participants gain book v

'You're clueless' if you're worried about the technical definition of a 'Ponzi Scheme', when colloquially, it's clearly a scam in which participants gain book value only to the extent that there is an every growing number of idiots willing to continue participating, i.e. a 'Ponzi-like Scheme' for all intents and purposes. "Bitcoin doesn't "burn oil", it's at 55-60% renewable" - 'it doesn't matter' from which source it draws energy because it's effectively (by and large) the same pool of energy that other, far more useful mechanations are bidding on and drawing from, and of course, it's an enormous amount of energy wasted. "As for relevancy, it has an exponentially growing user base" Which is false, it has zero user base, because it can't be 'used' for anything, which is the entire point. "A trillion dollar market cap " again a bit 'clueless' to get into pedantic definitions because that has absolutely nothing to do with what a 'market cap' is. Bitcoin had some promise even as it was a little bit of a hustle, it never materialized, now it's a total waste of time and energy. People can waste each other's time, but not our energy. Thankfully, it's so wasteful politicians will eventually hone in and ban mining it, they'll have no choice.