There is a lot of shilling lately (again) with "the flippening" event happening. Ethereum has created a new market which is basically 99% scam tokens, rugpulls, pump and dumps and NFTs which are probably used for money laundering. Anyway, the thing is, there is definitely if a demand for all of that, even if it's all based on a platform that's not decentralized.
So to the point: Would you quit if a centralized shitcoin managed to surpass Bitcoin in marketcap? At that point it would be clear that entire space is a joke. Bitcoin would still march on as usual, but it would be just sad to see people putting their money on shitcoins rather than on the only actually decentralized blockchain worth anything.
1. Bitcoin always be the first and our foundation. Bitcoin introduce us about new revolution of Financial transparency, decentralized concept and democratic practical in financial sectors. Ofc, many people have a trust with bitcoin even the price overtake by another cryptocurrency. Trust affected all things.
2. I don't agree about Ethereum basically call
shitcoin. I think you refer to ERC-20 platform who produce many tokens and some of them be scam and nothing have value in the future. we can't call
shitcoin if many people trust it, even the purpose or projection is totally shit or no purpose, but people still trust or gain profit from there (See Dogecoin). Totally unfair if you call a shitcoin born because of part of trading activity. Can we step on to learn from another point of view like
what kind of decentralized concept it use? or
Purpose of the project. Ethereum project is clear purpose, founder can detect right now and we can't call Ethereum is shitcoin.
3. You can disagree about NFT's or other new features. It depends from what kind of your activity regarding cryptocurrency topics you like. But 1 of Cryptocurrency concept is Decentralized and if there's any platform of Tokens or Crypto used Centralized, you can call it Digital-Currency.