Thought expiriment.
An advanced extra terrestrial race arrives to Earth. They dont appear hostile initially, but their motives for visiting are unclear.
Is this good or bad for bitcoin?
Discussion
Depends if you are still alive after their motive is clear 😂
also depends on how cryptographically advanced they are
How does the monetary properties of their currency compare with Bitcoin?
Watermarked #nfts are a bitcoin per entry per log.
Doesn’t need to compare, but have a solid foundation to have a market value controlled economy with bitcoin.
Like banks and stock markets but decentralized commodity trading, like watermarked #nfts
Good for bitcoin in this hypothetical scenario.
They are either peaceful or expansionist. If they are peaceful then they will align with bitcoin and see value in supporting it.
If they are expansionist then they will likely aim at creating a world government that they can extract taxation/trubute from. Since there is no chess move they can make to stop bitcoin, their efforts would push bitcoin toward becoming a primary human defensive technology.