Damus
Modern Delusions · 121w
Bitcoin is a pyramid scheme. I'm here to find out why so many people buy into it.
cloud fodder profile picture
If you're in the US or various other first world countries who's fiat is at the top of the fiat pyramid, and you have confidence it will remain that way, then the reasons for Bitcoin being useful will be harder to understand.

It's global. It's available to the unbanked. It's available to anyone. It's inflation resistant. It's essentially what everyone wanted banks to be, when they were backed by gold. Instead of gold, Bitcoin is backed by energy.
2
Modern Delusions · 120w
I see your point. it was well articulated. I'm glad to finally find somebody who can articulate their points. However what do you think can be done about the extreme volatility of Bitcoin? I'm pretty sure nobody wants to rely on a currency that can lose half its value overnight.