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Quote from: Wind_FURY on October 31, 2024, 10:31:21 AM

No, I never said it's a Ponzi "Scheme" with an entity on top running the "Scheme". Get the whole context. Bitcoin, like Gold, is a naturally-occurring Ponzi. It's simply a market that was boot-strapped by a community that values the asset.

¯\_(ツ)_/¯

BUT, Bitcoin does have technical features that ARE VALUED especially by some groups of people that are in need of censorship-resistance.

Obviously, you are being sarcastic and I understand it clearly.

I'm not being sarcastic. Bitcoin is like Gold - it's a naturally-occurring Ponzi. But it's NOT a Ponzi "Scheme" with a nefarious entity on top trying to scam people. It simply means that a market developed around something that was adopted and which is valued as an asset class.

¯\_(ツ)_/¯

Plus as a decentralized, censorship-resistant asset that could give its users some self-sovereignty, it SHOULD be valued.

Bitcoin appears to be worth more than gold creating massive liquidity in the market. Due to the decentralized resources, the demand is increasing day by day, while the overall economy is slightly down due to the effect of inflation. I agree with you about having financial self-sovereignty and investors can have that freedom by depositing bitcoin instead of fiat currency.

Every market system can have the stigma that we observe in centralized market systems and the big whale effect in decentralized markets. possibility

Bitcoin is a hot topic these days, which has as much to do with the commodity-based money of the past as it is with the information-based money of the future. Bitcoin can be said to be equivalent to or more expensive than gold, due to its ideal decentralization and high cost of production. As demand for Bitcoin is increasing day by day, we can often consider it as digital gold. Bitcoin acts as a store of value during times of economic turmoil, and investors see it as a safe haven. In particular, we see that Bitcoin is a new economic concept, using technology that is playing a significant role in the global economy.

As we observe, Bitcoin forms a hedge against inflation. Bitcoin in particular can be seen as a safe investment against inflation.

Yeah Bitcoin right now is higher than Gold, Gold has been in existence for thousands of years now but Bitcoin is just 16 years old but is growing very fast and I think Bitcoin should be considered when comparing the two as best investment, even though Gold has more use cases, while Bitcoin is limited to financial instruments and services only Bitcoin is still growing more than Gold and looking at these it may be very much surprising seeing that Bitcoin is doing more better however one good reason why Bitcoin will keep growing more than Gold is because Bitcoin is limited only 21 million Bitcoin was created but gold is not limited people are mining more and more gold every day.
If you give Bitcoin the next 20 to 30 years one won't be able to compare Bitcoin and hold anymore because Bitcoin would have been a way more bigger.