Columbia Basin, Ephrata, WA | John Burns - 2/13/2026 04:03
I've never bought into the Bitcoin idea either. Probably more because I just didn't educate myself well enough to understand it. But it always seemed like the ultimate Ponzi scheme to me. There was a math professor in our church that could do math tricks, didn't mean I would trust him with my money.
But I have made millions of lifetime mistakes. I can just add the lack of Bitcoin investment to that long list.
I thought he viewed Bitcoin in a somewhat balanced view.
One thing I have wondered is, how Bitcoin fits into the overall world monetary inflation picture. It is a form of fiat that soaks up a little of the other fiat currencies. Or at least causes them to change hands.
I think you understand Bitcoin just fine. The notion that people who don’t buy into bitcoin simply don’t understand it is just gaslighting by Bitcoin bros that require a steady inflow of other people’s money to increase the valuation of what they have, even as the original “investors” cash out large sums for consumer spending.
People want to think crypto is a new type of currency, but it’s more like a new type of roulette wheel. You get to choose when and where to place your bets, and some will win big. Those are the ones you hear about. The ones that lose big are quieter about it, and the only guarantee is that the odds are stacked slightly against the betters.
Edited by Big Ben 2/13/2026 09:49
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Flexible money supply