Bitcoin is only made of 0 and 1, I agree with some of your points but like paper money or other physical currency, many patronize and use it so it becomes valuable and used in every transaction can. Fiat is backed by nothing but ruined governments that may fall at any time, as in recent Venezuela and Zimbabwe cases. Thank you! I know a ponzi when I see a $, Bitcoin in the first case, not structured like a ponzi. I have a ponzi experience, and it is not a pleasant person, lose money there because there is no guarantee that when you pay someone, someone else pays you! Owning a bitcoin is like opening a store and storing it with goods waiting for buyers! In a ponzi program, there is a centralized account where each participant pays without prior third party interference, which is not the case with bitcoin, since a special feature with bitcoin is the version. The decentralization it represents, a p2p system that the third party participates. This world is a reflection of the virtual world. Values ​​are personal to us. The government created, the government supervised, the government decided. Only a series of nerds made and evaluated by speculators. because the technology beat the bank. Whatever Ponzi scheme is just your thoughts.