The sheer idiocy of bitcoin and why this is it’s last “cycle”

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by WhoreMasterFalco

Bitcoin, a glorified ponz, is fueled by the greater fool theory. Or rather the idea that no matter how irrationally overpriced an asset becomes, there will always be a bigger idiot willing to pay more. Why is this a problem now? Every cycle, the same playbook repeats: euphoric hype, mass speculation, and inevitable collapse. With each crash, more and MORE people are financially butt f*cked.

Each cycle draws in a greater percentage of the population and we’ve hit critical mass at this point. There aren’t an infinite amount of people, our populations are shrinking, and at this point everyone in the world knows about bitcoin. Unlike gold, which has intrinsic material value, Bitcoin is a PURELY a speculative illusion. It produces nothing, generates no cash flow, and uses massive amounts of energy to solve hash functions that serve no purpose except to “mine” fake coins. It’s actually unbelievably how regarded this is. This is not innovation — it’s financial predation larping as “muh technological progress”

As more of the global population gains exposure to Bitcoin’s deceptive promise, the scale of economic harm increases. It is no longer a fringe hobby for tech enthusiasts — it’s a financial hazard that is now too big to ignore. We are approaching a saturation point where enough of the population has been screwed over that I think bitcoin is on it’s last dying breath.

I know this is a meme. I know people have called for the “death of bitcoin” and been wrong every single time over the past 14 years. But what was different between the past and now?

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The difference is that there’s nowhere for bitcoin to expand anymore. The bitcoin world is running out of greater fools. The average american’s net worth is like negative $3000 dollars.

1.1% of the WORLD has more than 1 million dollars in assets. 12% of the world has between $100k and $1 million in assets. How many more people do you think can afford bitcoin?

At let’s just say everyone adopts bitcoin. Original holders wouldn’t just become trillionaires, they would become QUADRILLIONAIRES. The top holders of bitcoin would become the richest people IN ALL OF MANKIND. They would be worth more than all the saudi families, rothschild banking clans, etc COMBINED.

Does that seem like a bright future to you? Does that seem like it’s “liberating finance” for the average person? No, it’s fucking stupid and it’s never going to happen. If it does happen, the CIA and all the elite people of the world will work together to ban bitcoin and assassinate all the fat nerds who hold it.

Also, bitcoin itself is outdated. If you know anything about it, it’s clunky and subject to many kinds of attacks such as majority mining clusters, etc. It’s actually NOT that safe and will become less so the more it’s manipulated. Also quantum computing is coming, and while banks and other important institutions have already begun quantum proofing their data stores (Chase is leading the way), an attack on bitcoin will come out of nowhere and it will be vicious. Many people will lose EVERYTHING.

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And before you call me salty, I own 4 bitcoin. I view them as souvenirs from a time when the general population thought they would never have to work again from owning pokemon cards.