Hint: Beyond Bitcoin, it’s ALL shitcoin.
I often get asked about “which crypto” is a good one to invest in. Of course, my answer is always bitcoin. Period.
In this article I’d like to lay out the rationale from three angles:
They all weave into and build on top of each other. If you’re a Bitcoiner, I hope this reminds you of why we’re here. If you’re a no- or multi-coiner, I hope this helps you along the path and also to realize why Bitcoiners are so adamant about it.
It’s not close-mindedness, but an arrival to a point of truth. We have one chance to take down the Goliath. Wasting time on distractions doesn’t help you, me or anybody else for that matter.
The Economic Rationale
On a long enough time frame, every single government issued money, cryptocurrency, stock, bond, property or asset of any kind will trend toward zero when priced in the hardest, most liquid, sound money that’s ever emerged.
And it won’t happen by the fiat decree of some organization or institution. It will happen by pure economic natural selection, or what I like to call “Economic Darwinism.”
Money is the cornerstone of all civilization.
It’s how we store and exchange the product of our labor, and subjectively measure our individual inputs into society. It’s the fabric that binds us. It enables us to cooperate across time and space, both at scale and in greater degrees of complexity. Money has and always will exist. The only thing that changes and evolved over time is what we use as money.
We’ve now arrived at a point where money can be represented perfectly.
Money is the biggest market.
There is no larger segment of the global market. Not energy, not food, not transport, not government, entertainment, healthcare or anything else.
Money is larger than all of them, because it represents all of them, combined.
Today, because we have broken money, many of us hold different assets with different attributes in order to store value…