@CoinDesk
Ponzi schemes pay out old investors with new investors money.
In Bitcoin this is done by the need for new investors buying the daily mined coins to maintain the price for old investors.
Fiat currencies is not that.
#BTC
Currency for micropayments ❌
Digital gold ❌
Inflation hedge ❌
Safe haven during times of war ❌
Time to pivot to next narrative ✅
International Ponzi ✅
Been in crypto since the Silk Road days (late 2012) and later learned blockchain on a technical level.
Strongly suspected Tether was a fraud at the end of 2017. My “economic mistake” was that I believed in law enforcement.
🧵1/n