[joe_the_user]

I'm curious for those that still truly believe Bitcoin is a ponzi scheme or a bubble - at what price point and time would you start to consider that you may be tragically wrong?

What price would tulips have had to have attained for them to be proved "not a mania"? [1] "At the peak of tulip mania, in February 1637, some single tulip bulbs sold for more than 10 times the annual income of a skilled artisan."

Which is to say a high price by itself is not a proof of bitcoin not being bubble. I do have a criteria - bitcoin will not be a ponzi scheme if it genuinely winds up being used as currency. Of course, this wouldn't solve its other noxious problems.

[1] https://en.wikipedia.org/wiki/Tulip_mania

[pixelgeek]

Its useful to read the Social Mania & Legacy section [1] as a more modern look at 'Tulip Mania' tends to see the "historical" record of it as a post-event reaction. A recent book actually suggest that the entire thing might be BS [2]

[1] https://en.wikipedia.org/wiki/Tulip_mania#Social_mania_and_l...

[2] https://www.goodreads.com/book/show/431666.Tulipmania

[scottyp21]

Curious, what other noxious problems?

[joe_the_user]

Massive energy use, manipulated by shadowy actors, facilitates crime and capital flight, etc.