Bitcoin: A Parabolic Scam!

By: Jakob Bayler

Narrated by: Virtual Voice

Bitcoin is a weapon of mass destruction. Bitcoin supporters worldwide are modern day Tyler Durdens hoping to see the established global financial system collapse and get rich quick in the process. The irony is that the money they are earning is government-back fiat currencies and is being debased by what is commonly referred to in the Bitcoin community as digital gold. In reality, Bitcoin isn't a currency, it's old technology, it will make people poorer and contribute to increased conflicts around the world, and it has nothing in common with gold as it can only be used to trade digitally between other cryptocurrency enthusiasts or to cash out debasing government-backed fiat currencies. I wish things were different, and to those reading this that are saying that I don't get it, I do. I am poor and want more money as it equals more options in the capitalistic world that we live. Unfortunately, cryptocurrencies, specifically Bitcoin, had value as a network, but it will be hackable at some point in the future and has wasted billions of people's time and trillions of dollars of resources that could've been spent creating services and products that have an actual use in the real world. Bitcoin represents the hope and greed of the deluded masses that have no clue what real work is, want free money but don't actually understand finance, and educational and innovational loss as a society. The blockchain is good technology and has some real world use case scenarios that could be meaningful and have value. The fact that Bitcoin uses this network means nothing as it has millions of applications, unlike Bitcoin. Bitcoin is a barometer of greed and lack of nationalism, and holding it or trading it should be considered an act of treason. MicroStrategy should be delisted from the NASDAQ and investigated for fraud as the description of the company is false, and Saylor, despite attending MIT, has duped millions of people in the US and overseas into something that shouldn't be legal and is a financial weapon, similar to Bankman-Fried. The only use case scenario for cryptocurrencies is for a government to use it as a distraction for the masses, to debase its own currency and default on its debt to lenders, or to enable fraud in the name of nationalism. Gold is scarce from a geologic perspective; Nakamoto is a pseudonym for a group of individuals or a government that set out to engage in financial terrorism, nothing more and nothing less. Bitcoin must be hacked and debased in the name of national security, and Senator Lummis' bill must be voted down by Congress in conjunction with her being tried for treason for introducing such preposterous legislation that should be considered a form of financial terrorism toward all Americans, dollar holders around the world, and the US Government!

"A typical Ponzi scheme involves taking money from investors, then paying them off with money taken from new investors, rather than paying them from actual earnings." -Amy Goodman