I fully agree with your sentiments, it's a game of musical chairs and everyone thinks they are going to be the smart one that gets out before its too late and pocket the profits of someone else losses. It's really a nihilistic approach to life, like oh its a free market, that means I can find an obscure way to rob people of their money where I am distanced from the issues.

It's hilarious how many crypto people are anti-tax, but they are creating systems and advocating for systems where they get to be the tax man

I agree only BTC needs to exist and if you can't build a product on BTC, its bound to die regardless of its good tech, the fundamental economics will always be broken.

I also agree it will come to a halt eventually, but because it's not been declared illegal or governments wasting resources going after ponzis that are doomed to fail, it seems like that is taken as permission to normalise ponzis