Funny you bring up Ponzi schemes too, considering that's what Bitcoin is - just global and decentralized - with a few other bells and whistles misattributed to Bitcoin from blockchain; so are all all earlier adopters who then peddle/hype Bitcoin without understanding it also then bad people, or only if they understand it has a MLM-Ponzi structure and they're happy to milk schmucks/layperson that the SEC is meant to protect?
I don’t think he’s the reason. I think the reason is the regulatory pressure on reducing carbon emissions and subventions for anything electric.
The more the traditional manufacturers invest in EV’s, the worse for Tesla and Musk. Look at all the models from Mercedes, they’re all better than Tesla. The new Audi GT? Taycan? Any time over Tesla. Not just the car but the service network, spares, supply chain, build quality. I think Musk is going to play himself with Tesla but time will tell.
And let’s see in 10 years if EV’s are a net benefit to anything. Generally all this electro-crap. Let’s see how the green leaning part of the society reacts to fibreglass windmills landing in the landfill on the 20 year cycle.
If anything, the majority of post-bitcoin blockchains have in one way or another omitted key blockchain properties and therefore defeated the point of a blockchain, usually in the form of federated networks (private gate-kept chains), or, as you say, built with feature sets in order benefit ponzi scheme structures.
Lots of bitcoin hate lately, from environmental concerns (give me a break) now to "ponzi scheme". (Is it because there is a finite supply? Does that make buying gold a ponzi scheme too?)
Oh well, there's always been detractors.
Buying gold is not the same as buying Bitcoin, if you actually different fully.
