"Only the paranoid survive"
The early theme for this was Ponzi scheme. It satisfies the need to get rich scheme. It thrives because there are so many wanting to get rich fast. It creates wealth for the old user, who gets the income from new user. What happens if the world runs out of sucker?
The number of bitcoin is pegged at 21M vs unlimited printing of money for central bank
1. Uses the chain block system
2. This is supposed to be a digital currency managed by private person
3. A currency value has to be stable, but crypto value is anything but stable
4. Its value does not rise. It is a betting game. Income comes from the other person
who owned the currency before
5. The whole thing goes on for as long as there is a sucker
6. Get in early, and you will reap benefits
7. The more people buy it, the less it becomes a currency, the more its value fluctuates
8. Mining bitcoin consumes more energy than one country. One transaction consumes the same power as a household
It is a Ponzi scheme clothed in a digital clothing
