The only way to look at the “crypto” world is with a Bitcoin Bias as Bitcoin is the only cryptocurrency. Everything is just riding Bitcoin’s coattails. Eventually they’ll all be shaken off into the abyss as Bitcoin continues to consume the world through hyperbitcoinization.https://twitter.com/patrissimo/status/994970898179342336 …
I am pretty bullish on Bitcoin as the only cryptocurrency, however as the tweet describes, I see lots of potential for crypto technologies to be used in ways other than "new money", specifically to help markets eat the world.
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Bitcoin offers security through energy expenditure and massive investment in specialized hardware to maintain that security. Because of this network effect other “cryptos” will never be able to compete. Services other than “money” will be built atop Bitcoin’s secure foundation.
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