I’m convinced having read the comments here that nobody actually knows what a Ponzi is.
- USD is needed in order to pay taxes on the US, but can be printed arbitrarily by a centralized mint.
- Bitcoin has no fundamental demand driver, but does have a truly capped supply.
Why is it so obvious that USD is a preferable scheme?
On the other hand, the current economy model which relies on continuous growth, might reasonably fit some definitions of a Ponzi.
Arguably, when monetary supply increases are publicized, then there is no dishonesty, so not a ponzi scheme.
They have another component though: legal tender laws that force people to accept them for debts, and capital gains laws on other assets that give them an unfair advantage.
So ponzi or not -- probably not what the free market would choose in the absence of such laws.