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by loceng
1941 days ago
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That's quite the mental gymnastics: no - they won't be left behind, unless regulatory capture forces people to use Bitcoin vs. say USD - which is exactly why they won't be left behind, and exactly why most people aren't going to buy Bitcoin because why the hell would they want to decrease their wealth by paying into a system that transfers wealth from later adopters to earlier adopters? It's a Ponzi-Pyramid scheme because of the MLM structure + the rest of society doesn't want to be the ones "left holding the bag" as it's said in Ponzi schemes. People aren't stupid, though there are greedy and gullible people who like to gamble and speculate - and their hope that Bitcoin will have some competitive advantage over any numerous other structures that aren't incentivized via financial gain - but are actually good for society - and not leading to "consensus" via financial gain but through actual democratic processes where, if it makes sense to, a blockchain not structured like a Ponzi-Pyramid scheme can be voted into use by its citizens. |
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