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

I already replied to you in this thread stating most bitcoin owners will not be spending their bitcoin. Why TF would I spend something right now that is constantly appreciating when I could just use fiat that is depreciating? I’ll keep my bitcoin untouched so it gives me more purchasing power in the future. At some point the appreciation will slow and it will be a more stable asset.