We are repeatedly told that Bitcoin is dangerous, that no one uses it, and that it is for malicious transactions. Meanwhile, PayPal, used everywhere, accepted almost universally as a means of payment... has dropped 87% from its peak and has returned to its starting point. The problem may not be the use but the model. Bitcoin has no CEO, no dilution, and no return to point zero. The real question is not whether it is risky but what is actually the most fragile?