What the author seems to miss is that while the features of Bitcoin might seem close to a Ponzi Scheme, Bitcoin was never meant to be a commodity to invest in.

What the author seems to miss is that while the features of Bitcoin might seem close to a Ponzi Scheme, Bitcoin was never meant to be a commodity to invest in. Bitcoin is useful and solves a real problem, and even if 1 Bitcoin goes down to $1, there will always be people using it as payment method for its features. Also unlike a Ponzi Scheme, there's no single person that has the power to stop the whole operation. It's more like a drug than a Ponzi Scheme. And Bitcoin just hit the streets.