Yes, #bitcoin and #crypto *is* a #ponzi scheme: https://www.ic.unicamp.br/~stolfi/bitcoi.. I get people message me all the time "should I invest?". When normal people, who know nothing about how it works, are looking to get involved, it is already a #latestage #pyramidscheme ... #growth will either taper out or it will #crash entirely. Given that there is no intrinsic #value to #cyber #coins - I suspect it will crash *hard.*
The concept of #britcoin is quite concerning: https://www.youtube.com/watch?v=fWCsAKqy.. As I said previously, #crypto #coin and the like are just a #pyramidscheme and failure waiting to happen. A single #bitflip or coding #bug could bankrupt the entire #nation ! This is unbelievably dangerous and irresponsible.
I also keep trying to wan people about the perils of the #crypto market, but I suspect I have reached zero people so far: https://www.barrons.com/articles/jackson.. It is entirely a #pyramidscheme and the only way to make money is to get in early or be a big player (both of which go hand in hand). Any #coin that is not a #scam yet will go to zero in the future - it only takes one #flipped bit or one piece of bad #code to destroy it all.