Bitcoin, Not Crypto: The Final Argument
After reading this post, you will understand why all of crypto is going to zero. This is the ultimate argument. A truth that cannot be ignored, a reality that is undeniable.
The debate ends here.
Any blockchain depends on the success of its underlying token.
If nobody holds ETH, the Ethereum blockchain, and everything that has been built upon it, is worthless. There must be holders of ETH for Ethereum to have value.
This is how Bitcoin ends up sending all of crypto to zero.
Every market participant is incentivized to hold the thing that stores their monetary value the best. Storing your value in an inferior asset means you are monetarily lowering your chances of survival, because you will have less purchasing power to spend on food, clothes, shelter, education, your kids' well being, etc.
Plain and simple... if you have more money, you have a better chance of surviving, all other things equal.
There is no better place to store your value than in a system with an absolutely scarce supply. This is because your monetary energy can never be debased in such a system.
If there are 100 houses in the world, and you buy 10 of them, you have 10% of the energy within that system. If 100 new houses are created, you can still own 10 of them, but now you have 5% of the energy in that system, which means your monetary energy has been devalued.
If the 100 houses are a fixed, absolutely scarce supply, and you buy and own 10 houses, you will always have 10% of the energy in that system, which is 100% of the energy you came into that system with.
This is how inflation steals - and why a fixed, absolutely scarce supply of money is your best option at *perfectly* storing your monetary energy.
Bitcoin was the first asset to ever accomplish absolute scarcity - there are only 21 million bitcoins - particularly in an open, decentralized system with an infinitely divisible supply that is constantly verifiable in its operation and truthfulness, all of which is directly tethered to the laws of energy via proof of work.
Basically, Bitcoin is an absolutely scarce monetary system aligned with the laws of physics that everyone can access and no one can tamper with.
That's a very significant innovation, which is precisely why Bitcoin has been the best performing asset of all time.
Bitcoin is the *best* absolutely scarce monetary system because it is the *most credible* absolutely scarce monetary system.
There is no absolutely scarce monetary system that is more decentralized or more secure than Bitcoin, and because of that, there is no absolutely scarce monetary system that *credibly enforces* its absolute scarcity more than Bitcoin.
All of this means that by choosing to store your monetary energy anywhere else besides Bitcoin, you are lowering your chances of survival compared to those who do choose Bitcoin.
The history, i.e. the proof-of-work, since 2009 bears this to be true. If you have chosen Bitcoin, you have increased your purchasing power the most. If you have not chosen Bitcoin, you have accrued less purchasing power than those who have.
Don't choose Bitcoin = less purchasing power = lower chances of survival.
Which sounds like a better chance of survival? Choosing the more secure absolutely scarce system, or choosing the less secure absolutely scarce system?
This question is constantly being presented to the market. In fact, it is being presented to you right now. Your choice directly impacts your chances of survival.
It is for this reason, that where you store your value impacts your odds of survival, that Bitcoin sends all of crypto to zero.
Forms of intelligence have a wiring to increase their chances of survival. Intelligent species do not collectively choose to die, that goes against the nature of intelligence and forms of life.
Humanity is a form of intelligence. We are collectively wired with a desire to survive.
Because humanity wants to survive, and because where you store your value impacts your chances of survival, and because Bitcoin is the best place to store your value, humanity will continuously choose Bitcoin over any other cryptocurrency.
Of course, nature is survival of the fittest. Some humans will not choose Bitcoin... and they will discover the consequences, one way or the other.
If you choose to buy and hold ETH, or Solana, or XRP, or a memecoin, or some other random cryptocurrency, you are lowering your chances of survival, because they are, at best, less secure absolutely scarce monetary systems, which means you have a greater chance of dying by storing your money there. Forms of intelligence do not like that. Humanity does not like that.
Every single cryptocurrency and blockchain depends on the success of its underlying token. Every choice to store your value outside of Bitcoin comes with an opportunity cost of not owning Bitcoin. Every choice to store your value outside of Bitcoin comes with an increased risk of death, because everything else is either 1) not absolutely scarce or 2) less credible in enforcing its absolute scarcity, both of which are greater risks to your monetary energy compared to Bitcoin.
Given enough time, the human species will fully realize this, and they will stop storing value in alternative cryptocurrencies, which means every other cryptocurrency besides Bitcoin will be sent to absolute zero. We're only 16 years into this process - that's like the internet in 1999.
You can "build" on Ethereum, or Solana, or whatever blockchain all you want, but the truth remains... the underlying token to that blockchain is inferior as a store of value to Bitcoin, and people must hold a blockchain's tokens for the blockchain to succeed. Humanity does not like inferior stores of value, for the very simple reason that they do not like dying, which means they do not like holding tokens of a blockchain that is not Bitcoin.
For all of these reasons, Bitcoin will survive, and all of crypto will die.
If this were true... wouldn't Bitcoin always survive, while thousands upon thousands of cryptos die? Certainly.
Meanwhile, since 2009, Bitcoin has always survived, while thousands upon thousands of cryptos have died.
As Satoshi Nakamoto once said... "The proof-of-work speaks for itself."