Same. Bitcoin continually proves its self to be the best money... but what if some of my students, for example, wanted to make their own Blockchain for fun? Or stamp Ethereum tokens for fun and learning? And let's say they understand the difference and nuance of Bitcoin and Ethereum.

Non negotiable maximalism doesn't leave any room for anything like this. 🙃

And the words 'crypto' and 'blockchain' became tainted.

I miss the days where Doge was funny, and Litecoin was acceptable to own and they complimented Bitcoin.

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Discussion

The decentralized aspects of blockchains are not ideal for many situations. Experimentation is fine but their highly inefficient databases and with bitcoin meant to keep time across a distributed network of small blocks anyone can run and monitor.

What people miss is all the other blockchains rely on high centralized databases connected to smaller "pruned" nodes. This introduces many points of failure. They also fail to take into account scarcity for the sake of scarcity doesn't make something valuable from nothing. It has been the unique sets of variables in bitcoin that have allowed it to grow and remain trust less. Also, collectables are also highly speculative. Bitcoin has had one singular focus and with its unique sets of cercumstances and the way it was developed make it one of a kind and bring its value. While fun to experiment with, everything else is just noise.

🤝