The author mentions extended examples of Bitcoin operating <i>exactly as intended</i> as both a medium of exchange or value transfer that circumvents a failing fiat currency or geopolitical issues connected to economic instability, and as a store of value to decouple possible future purchase power needs from a bad / volatile fiat currency.<p>Then in the immediate next paragraph they assert, unmotivated and unsupported, that this makes Bitcoin a Ponzi scheme..<p>It baffles me the mental gymnastics people go through to criticize and dismiss cryptocurrency. Some people have just made up their minds against it, and even when they personally are writing paragraphs of examples of its legitimate, intended use, the confirmation bias that it can only mean “Bitcoin bad” is still so strong.