An Open Letter to U.S. Dollar Owners: Bitcoin Is a Threat to Your Savings

Founder of block chain company tries to convince you that blockchain is digital gold . That block chain scarcity better than the gold standard Likely knowing full well that the value of promises backed by gold would still have you know value. Promises backed by hashing have no value in the event that the currency fails

&gt; But it&#x27;s also designed to work like a pyramid scheme. Most of the Bitcoin that will ever exist is already in the hands of a small group of early adopters.<p>What if Bitcoin were superseded by a cryptocurrency with a linear emission (i.e. a constant block reward)? Would that no longer be a pyramid scheme?<p>&gt; everyone who owns U.S. Dollars will become poorer.<p>You mean everyone who owns dollars but no bitcoin.

What money is going to be fully reserved? Base money or credit money or both? What happens to new credit money? How do you keep the blockchain based currency from trading at a different value, e.g. me not believing in it selling USDf for real USD? (All not answered in F.A.Q..)

I feel like bitcoin is a threat to ones savings instead..