re: Why bitcoin is worse than a Madoff-style Ponzi scheme

I don’t own any bitcoin but am heavily invested in stocks of miners and exchanges with small bets on some altcoins.

My true view on crypto is that we are witnessing the next evolution in currency. Currency always evolves. Human kind has went from trading items and services to countless currencies throughout history. In my lifetime, and I am still in my 30s, we have went from everything cash or check to a mainly cashless society. You can’t even attend major sporting events and use cash in the venues any more. Now we are even more of a society that is getting more away from using cards and using our phones and apps.

While the crypto haters will obviously argue that the transactions are evolving not the currency, I agree but things take time. And I more believe in the technology and methods of crypto transactions than the actual tokens. I believe that the crypto technology we are seeing today will in some form be used in our next evolution of currency and/or transactions. We are still very early in this evolution, like the 2nd inning, and bitcoin will be the last token to collapse out of the ridiculous amount of tokens constantly being created.

I am single with no kids so my risk tolerance is extremely high so I am betting on getting into this next evolution still early while having some de risking that I would not have had in the first decade. We have major players already dabbling and pressures on politicians when they already came to put stuff in legislation this year.