The #USD has completely collapsed measured in #Bitcoin. In 2011, 1 USD was worth 1 BTC In 2025, 1 USD has crashed to around 0.0000118 BTC. What's the real Ponzi? #EconSky #BTC #Economics #Money #FinSky - ThreadSky

mindmathmoney.com • 12 days ago

The #USD has completely collapsed measured in #Bitcoin.

In 2011, 1 USD was worth 1 BTC

In 2025, 1 USD has crashed to around 0.0000118 BTC.

What's the real Ponzi?

#EconSky #BTC #Economics #Money #FinSky

Comments

moskov.goodventures.org•12 days ago

Hey it’s bitcoin, hope this helps

moskov.goodventures.org•12 days ago

Your graph could be produced for any other ponzi as well. You’re basically showing the returns to the people at the top of the pyramid.

bdangubic.bsky.social•12 days ago

now do it against NVDA 😉

datadrivenfp.bsky.social•12 days ago

https://www.goodreads.com/book/show/162120.Extraordinary_Popular_Delusions_and_the_Madness_of_Crowds

wholerabbit.bsky.social•12 days ago

Give a scenario where I can buy a coffee using BTC. Meet these criteria:

1. I send BTC to the owner's wallet, no platforms
2. Transaction cost is less than a credit card fee
3. Owner holds a firm price in BTC, for one month.
4. Nobody loses money compared to transacting in USD.

It's not currency.

musings-sometimes.bsky.social•12 days ago

This is what people miss. The battle over Bitcoin is currency vs. capital. Michael Saylor and the latter cohort are currently winning this battle.

wholerabbit.bsky.social•12 days ago

A speculative asset whose value can fluctuate 70% in a month or two based on hype alone, with no underlying value or practical use, is effectively neither. It's just a bigger fool scheme where some people sometimes get rich by coin flipping.

musings-sometimes.bsky.social•12 days ago

Hard agree. This is why you rarely hear from Satoshi Nakamoto anymore in the forums. Bitcoin is turning into a hoarding campaign and until that stops, there's no hope for the currency crowd.

tobytaylor9103.bsky.social•12 days ago

Finally recognising the anarchist currency motive expounded by Musk & Trump.
The economic impact of Trumpian trade will be to equilibrate the US dollar with its 'real' value, notionally the bitcoin price.
Volume bitcoin owners will circumvent national interests to pursue hegemonic asset control.

archroadkill.bsky.social•12 days ago

The problem with that analysis is that Bitcoin is an artifical asset that is inherently useless unless you can convert it into actual money. Just because a hype has started for Bitcoin doesn't mean anything has collapsed. Dutch Gulders didn't collapse in terms of tulip bulbs in the 1700s either.

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