I don't think we can conclude that about investment. The smaller altcoin will be more volatile but probably appreciate faster overall if you invest in the correct altcoin that is the winner yet you could lose it all if it fails or you invest in the wrong one. And the tax you pay on Bitcoin capital gains and net worth could approach 90% if we return the tax rates we saw during the Great Depression.
Fair enough. We both agree that both the government coin and the crypto coin should do well. Exactly how well and for how long is not that relevant to the topic at hand.
In the past one could argue that sticking with the mainstream was the most conservative and safest option. Safety at this point doesn't exist any more. Massive risks on the horizon. Choose your poison. I prefer freedom.
I choose both. Hard to know exactly how fast the knowledge economy will grow or exactly how hard the crash from the debt bubble will be. Best to hedge and invest in both.
I am not yet convinced that bitcoin's network effects (while real) are insurmountable. Its status as top centralized coin is vulnerable from the ground up, via, a significantly more nimble competitor, (perhaps a CPU only coin without anonymity). It is also vulnerable from top down via a cryptosystem rolled out by the banks/governments/corporations. Nevertheless, it is definitely a serious contender to take the position of top centralized/government coin. If it become clear that bitcoin will take this role I will buy a few.