Bitcoin is a baby and gold is already dead. Shitcoins, stablecoins included, are just affinity scams, frontrunning the fact that <.001 of the world really understand what Bitcoin really is yet. They're just proof that it's still extremely early. 🌱 Money is work. We've never had such a direct, hard way to transact and coordinate work according to our individual values before. Even gold was a weak, vague proxy with all kinds of technical problems. Fiat grew out of the technical problems of gold. Shitcoins grew out of people not understanding the technical merits of Bitcoin yet. Not the same at all.

Because I'm taking about the function of money, not markets. Market cap has nothing to do with this. Or assets. Money is the coordination of work and resources according to values. It's not the resources. It's not the values. It's the information system. The red queen will die and we will all forget about market caps and stock portfolios and that whole casino. When money isn't broken anymore.

Gold couldn't keep up with commerse and trading outside of immediate trust circles. So then we stamped it into coin. Then people started to mistake the stamp for the metal. Coins hot debased, because it was about the stamp, the fiat of the ruler became the value It was too hard to secure, so it got centralized with the goldsmith's vault. He became a banker and started writing notes. We confused the notes for the metal and started trading notes. The banker began to lens, just by writing another note. More notes than he had gold, because why not. So we got debased coins, paper money and debt money. All because gold couldn't keep up with what humans were doing. It wasn't a good enough information system to keep up with the ways we were trying to cooperate as civilization grew. The real flip to fiat was about a thousand years ago. And we've been increasingly dysfunctional ever since. Bitcoin is different. Powered by work. No debasing. No lending what you don't have. No double spend. Irreversible. Verifyable. Weightless. As easy to transmit and secure as a secret word. As strong and hard and true as the laws of information. It's damn near perfect money in a world that has never even had pretty good money. There is no contest between monies. There is only a war between people who want good money and people who just want to keep stealing.

gold failed to scale permissionlessly because of physics. every attempt at scaling bitcoin so far hits a ceiling where it has to sacrifice permissionlessness in order to keep going. liquid, cashu, spark, and arkade start with that ceiling already on the floor. even lightning itself hits a ceiling. only middlemen and ultrarich will own channels. everyone else will ask for permission. bitcoin ends the way gold did unless people lose interest in all these time wasters.

I think you need to learn more about capital markets and finance

Actually it’s 24x harder to transmit than a single word. #Fact