Because the only sane use-case of a blockchain is money.
There is nothing else a blockchain can be used for, as everything else needs a 3rd party. And if you have a 3rd party, you can use MySQL.
Second, bitcoin is the only one that was created without anyone or any group in sole control of a large part of tokens, over the software, or over the distribution.
Nice one, plus, Bitcoin is designed to handle network effects. Crypto cannot handle network effects (the incentives of participants including cheating) because they are never truly decentralized like Bitcoin is. If crypto grew as big as Bitcoin they would fail.
Plus the only thing that a blockchain is capable of is keeping people in line to use a certain version. This can only be done by manipulating incentives. Also, the way to keep the blockchain secure is by having the most energy in it. Which means that other crypto are not secure because to be the most secure they need to be the biggest blockchain.
#explanation #Bitcoin
Why is economy the only sane use case?
Because a blockchain is free for all and only has as property that it can be trusted, for a given reason. Anyone can choose to use a blockchain or leave it. Good and bad actors included.
But because a blockchain works best when more people secure it, there needs to be incentive to make the blockchain trustworthy and thus discouraging bad actors. The only way to do that is via costs and therefore, the only effective use-case of a blockchain will be economically because it fits perfectly and is already a decentralized system. Therefore, network effects (how people behave in networks) will come into play (they always will though.) and this leads to massive responsibilities on how to shape the network to be as trustworthy as possible.
Many factors, including decentralization, scalability and speed, privacy and also proof of work come into play. People don't know how badly governments or corporations want to take over Bitcoin or any other project. If they succeed, all trust in the blockchain will be lost because it is an open free-to-join system.
Crypto can never succeed in this if people are informed about what it took for Bitcoin to be sustainable. They only succeed if they can lure people and keep them dumb.
Which is why #nostr is important.
