Err, Mr Dimon, Ponzi Schemes require exponentially larger participants to keep the scheme going. I think you meant to say Federal Reserve Notes are a Ponzi Scheme. Dont worry, this happens - Too many vaccines leads to dementia.
Same reason AWS has value, we live in the digital age of the internet and a lot of people depends on services which they realize could fuck them over at any time. People want and need decentralized alternatives, such as Bitcoin to avoid always having to live in fear of getting shut down and fucked over if they don't obey.
Have you ever been online? of course you have, you're here in this forum right. Sharing your opinions with a bunch of strangers. Hence your right to be heard must be somewhat valuable to you, now think about the fact that there are roughly 2B more people in that same situation.
Err, Mr Dimon, Ponzi Schemes require exponentially larger participants to keep the scheme going. I think you meant to say Federal Reserve Notes are a Ponzi Scheme. Dont worry, this happens - Too many vaccines leads to dementia.
THIS. Bitcoin is backed by nothing.
Petro dollar is backed by the economy. You use more oil, IE hot economy. The better the value.
We shut down non-essential stores, stopped drilling oil, and printed massive amounts of money. We then have no backing of Petro for our dollar.
Bitcoin is backed by USD and other central bank monies. How can it have ANY value?
Same reason AWS has value, we live in the digital age of the internet and a lot of people depends on services which they realize could fuck them over at any time. People want and need decentralized alternatives, such as Bitcoin to avoid always having to live in fear of getting shut down and fucked over if they don't obey.
Have you ever been online? of course you have, you're here in this forum right. Sharing your opinions with a bunch of strangers. Hence your right to be heard must be somewhat valuable to you, now think about the fact that there are roughly 2B more people in that same situation.
Money is faith.
Too bad so few have any real faith.