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In both the generous definition of a ponzi or the technical one, Bitcoin doesn't fit in. Words matter. Neither does it fit any definition of a scam. A scam has
by fleddr 5y ago
In both the generous definition of a ponzi or the technical one, Bitcoin doesn't fit in. Words matter. Neither does it fit any definition of a scam. A scam has a central owner, trying to rug-pull somebody. Bitcoin doesn't have any owner or central organization behind it.
You have no point. I already explained how it's secure savings technology. Hence if you use Bitcoin for that, you're a user, and it has a use.
You lack even the most basic understanding of Bitcoin as mining cannot be banned. If you outlaw large scale mining, as recently done in China, the Bitcoin hash rate recovers in mere weeks. Which is what just happened.
Even if you'd outlaw any and all large scale mining in the US, it will just move to another country. Many happy to host such a profitable business. Many places with surplus energy.
And if that fails, we just go back to home mining, which would decentralize Bitcoin further. Drawing power from a solar panel, what exactly are you or the government going to do about it?
None of this will even happen as it won't be banned in the US.