Are you a fucking moron?
In your opinion, perhaps, because I hold a different viewpoint. Intellectually speaking I would venture I am more intelligent than you.
These aren't strange arguments they're ones that anybody with any knowledge of the subject or common sense would come to.
I have read extensively on ecommerce technology, I feel I am economically literate and have read numerous papers on the subject (though my degrees were in engineering), and have my own investment portfolios. My conclusions differ. The theory appears ok but I doubted at the beginning it would ever gain any traction. The extent of its success has taken me by surprise, not due to any theoritical flaws... quite the contrary. The money markets are quite illogical and 'belief' and 'confidence' play and undue part. Look at the effect the downgrading of the UK by the Moody credit rating agency. I am surprised it has had so much success solely through grass roots.
BTC, unlike USD, CAD, Euros or Pounds has no value to it.
It does. Like any commodity. The value is what somebody is prepared to pay for it. People pay $20k for a mobile phone. It's not worth that if you melt it down but the value has been set by supply and demand.
I can't pay my taxes or buy food with it
The first is true but the second isn't. There was a /. article only last week about being able to order pizza using Bitcoin. If a vendor insists on a particular form of payment then use it. If your government wants to be paid on dollars then use dollars. If somebody else wants to be paid in potatoes then give them potatoes. As long as you have some form of exchange then there is no problem.
And yes, I'm fully aware of what a Ponzi Scheme is
No you are not.
it's where you take new investors money to pay off the older investors and where the founders get automatic profits
That is not correct.
And yes, this is likely illegal, unlike other commodities markets, the SEC isn't regulating this one
That is not the definition of illegal.
which means there's likely all sorts of illegal activities going on