With a shitcoin, Signal becomes Noise.
https://twitter.com/bitstein/s...

"There's Bitcoin and Then There's Shitcoin" - Congress hearing

A lot of people are failing to understand that the only innovation is the decentralization.

The decentralization is not software related. The decentralization is a consequence of incentives. If you fail the decentralization, the project is pointless.

Altcoins have leaders, premine, paid shills, perpetual software updates... everything leads to more centralization. In other words, Altcoins are not designed to be decentralized.

Monies are not ponzis. Monies are pump and dump schemes. This is the reason why Gold was that best historical money, once you were using Gold, you had nowhere else to go. All other options were inferior.

When you are using a money, you want this money to be the best, and Bitcoin is a real competitor to Gold. The only question: Is Bitcoin able to dethrone Gold?

Bitcoin is freedom money. Bitcoin is the successor of the Gold Standard.You may like it; You may hate it. Bitcoin doesn't care. You can't kill it. Be ready to live all your life with it!

You should read the Bitcoin white paper. Bitcoin is a decentralized system. Miners have no privilege at all, they are the little hands of the system. They are just computing hashes.
When a correct hash is found, the block is sent to the other nodes. The nodes will check everything. Your invalid transaction will trigger a constraint issue, and the whole block will be flagged as invalid.The invalid block will be discarded. If this issue happens again, the attacking node will be blacklisted.

Here is an example of an invalid block issue: https://www.reddit.com/r/btc/c...

Money in the free market is a winner take all situation. Bitcoin is optimal in every way; You can't beat Bitcoin. You can't beat the best. Introducing Alts is a pointless game.

https://mises.org/wire/bitcoin...

F.A. Hayek in 1984: "I don't believe we shall ever have a good money again before we take the thing out of the hands of government, that is, we can't take it violently out of the hands of government, all we can do is by some sly roundabout way introduce something that they can't stop."

Bitcoin matters.

Jimmy Song explains everything .

In the specific case of Monero. Monero can't scale at the the Bitcoin level, the transaction size is too huge. The value of Bitcoin is a consequence of the scarcity of Bitcoin. Monero was found to be too buggy, and too experimental to be taken seriously on the scarcity side. If you look at the exchanges, you will find out, that nobody uses Monero.

ASIC resistance is absurd. If you know the Altcoins world, this is where the scammers thrive. As explained by Jimmy Song everything is centralized in the Altcoins space. You will find out, if you look closely that ASIC mining exist there, but they are not available in the free market, they are a privilege of the people controlling the coin (the scammers), at the expense of the newcomers.

As Jimmy Song explained, the technological argument is pure marketing. In the open source world, you will give time, and you will not expect a direct economic advantage.

We must stop with the word: cryptocurrency. This word is meaningless, decentralization, in this field, was a one-time event. Everything begins with Bitcoin and end with Bitcoin.

https://medium.com/@jimmysong/...
https://www.whatbitcoindid.com...
https://www.reddit.com/r/Bitco...

Bitcoin was a simple medium of exchange, at a time when it was not taken seriously. This area is over, and will not come back. Writing a conspiracy theory about Blockstream will not change the world.

Bitcoin is driven, from an economic perspective, by the same rules that apply to the Gold Standard. You should read the book 'The Bitcoin Standard: The Decentralized Alternative to Central Banking' is more useful. At least, you will understand why BCASH was not a viable project.

Bitcoin is legit.

Ethereum on the other hand; This is difficult, from an engineering perspective, to see anything else than a privately-owned database system; With a high-end snake oil marketing:
https://twitter.com/TuurDemees...
https://twitter.com/TuurDemees...
https://twitter.com/udiWerthei...

A shitcoin is anything promoted as a form of money whose supply is easy to increase. In other words, anything other than gold or bitcoin.

This is just how markets operate with Longs and Shorts. Bitcoin is just smaller with less liquidity.

Utility is not important for a monetary good, like Gold was. Being a monetary good increases the value of the commodity. Gold usage, like Gold teeth, or electronic usage, decrease over time.

The scarcity is defined by the stock-to-flow ratio. Gold was the Best; Gold is now challenged by Bitcoin.

https://medium.com/@100trillio...

You need a communication channel with low bandwidth requirements. We have Satellites to relay everything now.
https://blockstream.com/satell...