I take investing on shitcoins to be memes mimicking on bitcoin because shitcoins are full of manipulations right from the developers to the project teams. They are literally a luring projects that speculates in the crypto ecosystem just to acquire values but all to no avail to profer investors any form of reliability like bitcoin does.
Bitcoin has proven itself back to back and still holding the kingship in the crypto industry and as a matter of fact that the market is uncertainty, the risk of Investing in bitcoin is only at it unpredictability while the shitcoins is project entirely surrounded with risks that you don't even know if the coin is still going to exists talk more of yielding good values.
Bitcoin was built by its founder with the purest of intentions to change the world and to solve the problem of money/create a better form of money. Those other cryptocurrencies that were created AFTER Bitcoin took advantage of the community's interest on crypto and took their Bitcoin away from them.
Those people who HODL shitcoins will debate with you to protect the value of their coins without actually understanding the underlying.
I agree with you and everyone in the space of every other coins exempt bitcoin is prioritized on making profits While the intention of bitcoin as the eyeopener
with the essence of decentralization are being neglected by many users which those Investing in the shit coins forget to consider if the coin they are Investing on could serve utility value in real life neither can it be considered a store of value because as investment is concerned, the asset should be expected to outcome a store of values of we must consider long term goal but unfortunately, those investing in the shitcoins are purely gambling and thought they are holding long term potential assets like that of bitcoin.
With Bitcoin, Satoshi's approach was definitely a more technical approach. Although he wanted to build decentralized network to send and receive transactions, I believe the potential monetary "value" of such a system was the least important in his mind.
I certainly believe the his primary intention for bitcoin was the decentralization literally a unique form of custodian unlike the traditional currencies and it subject to store of values but then, users was optimistic underlining it most essence on profitablity given it a less values for everyday use for transactions such as payments for goods and services.
It will need to go through many things before we all understand what it truly is. Because it could be those many things, and probably more. This is the first time we've had such an invention, like the early days of the internet - everyone thought it was merely for passing emails back and forth. But what it truly is and truly will be wasn't known during that time.
That is quite right. Even as we preach that the digitality system bitcoin is a potential of safe haven at a time of natural disasters and wars, those who are not enthusiasts neither using bitcoin for any sort of value don't stil understand that phrase because they are still living in the analogue era to build that trust that their funds will be safe for them in such a blockchain that is not being regulated simply because, they have not truly understand the right of freedom.
But I think this is just the beginning because generations to come will find this financial technology more convenient to be in used than the fiats because as the world evolves, so also the need of flexible transactions with essence of security and Privacies becomes everyone's concern.
I believe that convenience and efficiency for Bitcoin must be built some centralization in mind, but the underlying should always be Bitcoin - decentralized and censorship-resistant.
That is for sure, to reach that peak of global use cases of bitcoin, there must be a centralized mindsets of the people to have an Concordia conceptions that everyone should be obligated to be self custodian to their funds and not just limited to that but the flexibility to accepting bitcoin for payments for the exercise and privilege of self custodian as JayJuanGee maybe prioritized.