So, you've never experienced that financial schemes, where people hold the record of membership but own nothing, collapse? Interesting.
No, I haven't. Not like Bitcoin.
Have you? Could you name at least one? Since, as far as I know, there was nothing like Bitcoin before Bitcoin.
Bitcoin is just a means of luring people to trade their ownership of something for the ownership of nothing. This is simply the same old scheme dressed up in a new uniform. By entering the scheme the investors gave up their ownership of electricity, cars, houses, phones, debt, equity...whatever. Only to end up with a record in a ledger. That's nothing new. People have always been recorded in some way when joining such schemes. It's just that currently the ledger is digital and decentralized. Given that no one can live off of records in a ledger (decentralized or not), members desperately need new investors to exist a scheme. That's why in bitcoin you needed all that mantras about revolution, new internet, societal salvation, freedom... storytelling about the Moon... You have to lure people into the scheme somehow. Eventually people figure out what is going on and everything collapses.