Alex Edwards4 said:Since the moderators and their inner circle are basically just members of Satoshi Nakamoto's scheme, they have a vested interest in making sure anyone talking about these worthless units only hears positive things. But the public deserves to know the truth—the truth that this whole thing is just one massive investment scam masquerading as legitimate currency and a payment network. So, just let me be and allow me to speak my mind there. Thanks for listening.
Alex Edwards4, is Bitcoin just selling smoke and mirrors, is it fake money, is it a giant con, or does it actually resemble an investment scam?
Well, you aren't wrong on any of those counts... but perhaps we should look at this through a different lens and consider a broader perspective.
We’re living in an era where the sheer volume of fiat currency in circulation is staggering; people are sitting on unimaginable amounts of wealth held in banks, cash, or savings, where having a few hundred thousand dollars tucked away isn't even considered extraordinary anymore.
For instance, looking at the financial landscape here in the States, if you consider total household financial assets—bank deposits, cash, stocks, and all that—it reaches into the tens of trillions. When you spread that out across the population, it averages out significantly, though obviously, some Americans are sitting on millions while others have nothing at all. To put it bluntly: the US is a massive player on the global stage.
In my travels, I often find myself visiting various places, and even in parts of the world that aren't the wealthiest, you run into people pulling in $10k, $20k, or even $40k a month without ever touching crime, politics, or cozy government positions. And how much richer are the folks in the truly wealthy nations? Last year, I was traveling through a developing region and a guy tells me straight up, "Hey, I bought some Bitcoin too, just to see what would happen." 😁
What am I getting at? Bitcoin is essentially designed for people who have surplus capital and are willing to spend it on entertainment, speculation, gambling, or just passing the time. As long as central banks across the globe continue to relentlessly print and pump new money into the system—regardless of whether it's paper or digital—Bitcoin isn't going anywhere.
New players with excess cash will constantly emerge, calling themselves "investors," and they'll keep buying in. The only way Bitcoin truly collapses is if we hit a massive, systemic economic meltdown, a global recession, or a world-scale war... and honestly, the odds of that happening aren't particularly high.