You are VERY WRONG... US Dollars has the assets and the full force of the US Government, Its assets / Military / law behind it, so there is some backing even if it is not enough...
You said it yourself. There's something forcing you to treat it as valuable. If you don't, and so does every person of the nation, it's a worthless pile of paper notes.
Bitcoin has NONE of this behind it
False. Bitcoin is backed by all the goods and services people are willing to exchange with it. Every new merchant is a new asset for the community, and every new merchant prefers being paid in a free, cheap, censorship-resistant and private type of money wherein he's in complete control rather than one that's opaque, weak, inefficient, censoring and provably fallible.
it is nothing more than a Crypto / Ponzi Scheme
But, a ponzi scheme:
- does have promised high returns.
- does have misleading statements.
- is completely obscure.
- once it crashes, it never recovers.
Bitcoin meets no such criteria.
The Crypto world is even worse
But, you're on a bitcoin forum, talking about bitcoin, in the Bitcoin Discussion board. If you want to state your opinion about cryptocurrencies in general, acknowledge that you're off-topic.