You make some excellent points, my friend. It's true that the introduction of paper bitcoin on exchanges can reintroduce many of the problems that Bitcoin was initially created to solve, such as inflation and manipulation. Similarly, the proliferation of altcoins can dilute the market cap and reduce the overall effectiveness of the cryptocurrency ecosystem.
Despite these challenges, I firmly believe that the Bitcoin network remains robust and resilient. As you mention, it's important that people educate themselves on how to use Bitcoin safely and securely, by storing their coins offline in hardware wallets and avoiding exchanges that engage in nefarious practices like selling bitcoins they don't own.
Thanks for taking the time to share your thoughts with me. It's always encouraging to connect with fellow Bitcoin enthusiasts who are passionate about creating a fairer, more equitable financial system for all.