What is Nostr?
PhilRoss / Phil Ross
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2024-11-30 12:28:38
in reply to nevent1q…q54x

PhilRoss on Nostr: If altcoins proliferate, that’s market cap that’s not going to bitcoin. It’s ...

If altcoins proliferate, that’s market cap that’s not going to bitcoin. It’s distraction away from the main goal, which is replacing the money. Most importantly, the inverse of your statement is definitely not true—something specifically good for bitcoin like the SBR brings an exponential NGU effect for bitcoin vs crypto deregulation that also benefits bitcoin.

I do see your point though and agree broader crypto deregulation helps bitcoin too. If all cap gains on all crypto goes away, I think Bitcoin would benefit tremendously.
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