There are so many elements of BTC that anger me. I've started an essay explaining currencies because people don't seem to understand the purpose of currencies. Anything and everything is used as a currency. I traded my figs for tomatoes this summer. Figs and tomatoes are therefore a currency, but the value is in the labor to produce them, and hoarding them (even if they didn't eventually rot...) would be ridiculously absurd.

Using capitalism's inequalities to fight capitalism's inequalities isn't doing anything but creating more inequality. Bitcoin is the stock market, but the cultish followers believe they are saving the world, and does anyone know what monetary policy is? When something like, oh I don't know - the pandemic forces people into poverty we need monetary policy.

Which country is going to drop a reserve currency for something that isn't regulated, and how is the value of BTC determined without a reserve currency?

As someone who got caught up in the 2017 hype, I learned just a few lessons; the Fed Reserve is more powerful than people realise, a stable, regulated currency enables valuing goods and services, and if the US was worried about bitcoin, it'd be illegal. Furthermore, how is bitcoin going to provide for the masses? The whole point of decoupling the USD with gold was to stop bank runs and administer monetary policies to reduce inflicting harm on the public. Do bitcoin investors realise they'd be the elite while people starved if their unrealistic dream of bitcoin became reality?

The "get rich quick" is the worst American dream, and the devaluation of labor is the problem. Ugh. Thanks for this.