The ECB calls Bitcoin a "zero-sum Ponzi"—a drain on productivity, with welfare costs exceeding 45% inflation rates, energy use rivaling nations, and a thief of resources better spent on production. Fair? Let’s cut through the noise.Critics aren’t wrong about speculation, but they miss Bitcoin’s core: It’s hard money infrastructure, tightly linked to money supply. When central banks print freely, Bitcoin’s scarcity (21 million cap) acts as a hedge—its price spikes when fiat devalues, proving i...

The ECB calls Bitcoin a "zero-sum Ponzi"—a drain on productivity, with welfare costs exceeding 45% inflation rates, energy use rivaling nations, and a thief of resources better spent on production. Fair? Let’s cut through the noise.Critics aren’t wrong about speculation, but they miss Bitcoin’s core: It’s hard money infrastructure, tightly linked to money supply. When central banks print freely, Bitcoin’s scarcity (21 million cap) acts as a hedge—its price spikes when fiat devalues, proving i...