Bitcoin Is The Best Crypto

Mimesis Capital: Inside The Event Horizon, Report #16

Bitcoin Versus Ethereum And Other Alts

It’s been “alt season” for the past couple months. Bitcoin has remained situated around $50,000 while Dogecoin, Shiba Inu and Ethereum are soaring.

While short-sighted gamblers like to make bets on the next big dog meme coin, it’s important to review the basics of why bitcoin has accrued value and compare bitcoin to other tokens.

Bitcoin is the best monetary good.

Why? It has specific credible properties: scarce, durable, portable, transactable and so on.

From these properties, we can derive two unique characteristics:

  1. No counterparty risk
  2. No dilution risk

These two characteristics can only be maintained by having the ability to hold your own private keys and run your own full node.

No other coin or token can even compete with bitcoin on these properties and characteristics.

Therefore, no other coin or token can compete with bitcoin as being the best monetary good.

Like the invention of the number zero, “Bitcoin is a path-dependent, one-time invention; its critical breakthrough is the discovery of absolute scarcity — a monetary property never before (and never again) achievable by mankind.” — Robert Breedlove, “The Number Zero and Bitcoin”



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