No disrespect, but i'm one of your "greater fools."
That Bitcoin is a "pyramid scheme" is easily debunked in more ways than one.
Also, to suggest that Bitcoin isn't a cash-producing business isn't 100% true...Seems you havn't considered the nascent and massively growing DeFi industry. Presently, over $1 Billion of BTC is "wrapped" (locked) as a financial instrument to provide the liquidity needed to execute $billions of transactions, many of which (mimicking the traditional financial system) enable investors to be paid 4%, 10%, 20% and even as much as 100% APR for collateralization.
Personally, i absolutely love being paid interest for borrowing to myself...a "secret" of the rich.
End-game theory...only 900 new BTC p/day which goes to 0, or "terminal inflation." BTC's price pressure is more a function of supply & demand than more "fools" monetizing those who got in first. When there's no more being produced, that by definition is the antithesis of a "pyramid scheme."
Ahh...This "pyramid scheme" today is valued at 150% of JP Morgan Bank.
#LoveAllServeOthers #bitcoin #crypto #blockchain #p2p #DeFi
