Bitcoin goes entirely too far in the opposite direction of fiat money. It’s hyperdeflationary, far more than gold. The extreme deflationary nature leads it to n

Bitcoin goes entirely too far in the opposite direction of fiat money. It’s hyperdeflationary, far more than gold. The extreme deflationary nature leads it to naturally manifest the structure of a Ponzi scheme. It is always guaranteed to be more profitable to just hold than invest or use, and the way you ensure it keeps going up is to go out and shill for more people to buy and hold. That’s not how you run an economy if you want to do anything useful. It’s a pyramid scheme that must eventually collapse when no more HODLers can be recruited. We do need a more transparent honest well run money system but this is not it.