Shouldn't all crypto be backed by bitcoin ?
How could a "Bitcoin Standard" emerge? For example, if you could pay for food service etc everywhere with bitcoin, would that be enough to essentially drive bitcoin as a backing standard ?
It doesn't make any sense to create an altcoin backed by Bitcoin. It's like creating paper currency backed by USD. What does it solve? Nothing. Bitcoin already has its own scalability solution which is miles ahead of any altcoin. So-called wrapped Bitcoin has huge problems with security, trust, privacy - there's no good reason to use it instead of the real thing.