Have you read the Bitcoin white paper? It states it’s purpose in their.

You can’t judge a technology based on what some people on a subreddit say, you base it off of what the creator says.

Bitcoin is a decentralised peer to peer payment network - as described by the creator - that has been operating with no significant downtime (I.e. 0.000x%) 24/7 365 since 2009. If you don’t see how that is a good investment I don’t know what to tell you.

In you’re example you talk about silver being essentially worthless even though lots of people thought it had value. The reality is that this is the situation of the USD, GBP ETC. These currencies are seen by essentially everyone as safe but they have been collapsing slowly for the last 50 or so years, I’m sure as an older person you remember and have actively experienced this with the cost of everything increasing over your lifespan.

To me, in 2023 Bitcoin is the cash of your example and cash is the silver. It’s fine to disagree with that but every year and every recession more and more people realise the value of a neutral asset like Bitcoin.

Inflation over the past year has been bad, but hyperinflation (which is inevitable for all regular currencies) will kill your nations economy, Bitcoin doesn’t suffer that issue.

How exactly is Bitcoin a scam then? What aspect of its structure makes it a scam?

If you called the crypto market in general a scam I could understand but Bitcoin has been around for the best part of 15 years, has no CEO or leader and is literally just a payment network. Also it’s code is open source so anyone can see and read it.

I’ve never seen another scam that lasted as long and has those same features.

Bitcoin is a hedge against regular money, if you don’t see an issue with regular money then you won’t see the use for Bitcoin. I personally think regular money is one of the biggest issues the modern world faces.

I can’t read it coz paywall but this article is talking about cash app not crypto…?