Yes, that is the Keynesian bullshit that I meantioned.
Discussion
Truth.
I'd call it "coerced choice" bullshit, a larger category than "Keynesian".
But even absent coercion; gold, bitcoin, monero, whisky and 5.56mm have different properties and more than one may be useful / optimal under a particular set of individual circumstances.
I don't maxi anything except freedom itself.
Yes, all of those things have value, but because one of them is perfectly scarce I think all monetary premium will accumulate there.
A widely shared opinion, plausible, and quite possibly correct.
I believe that if current trends continue, Bitcoin will accrete the lion's share of the monetary premium. But not 100%. No money has ever achieved 100%, and that's fine, single points of failure are hazardous.
I guess we will find out sooner or later.
