#Bitcoin appreciation after halving:
1) PoW (non-game distribution of new supply issuance)
2) Leaderless Team (Invariance)
3) Supply release schedule creates increasing scarcity
Wire...
These conditions are impossible to meet.
#1 - Any upstart PoW coin is potentially vulnerable to a 51% attack.
The attacker has a financial incentive (can short the token).
PoW coins are only secure if they already have a majority of the world's hashrate (aka #Bitcoin ).
#2 - The only way to catch up to the incumbent ( #Bitcoin ) is to gain visibility and traction among a sea of upstart crypto projects.
This means that a leadership team can control the direction of the project (development of technology, market, etc.)
AKA No Supply Schedule Immutability
#3 - The final piece of the puzzle is for the coin to have a rigid scarce supply schedule built into its protocol (via halving or similar mechanism).
Since no coin can achieve#1+ #2, no altcoin can achieve this
Only#Bitcoinoffers an incredible property: it becomes more valuable over time.
This makes Bitcoin a unique asset in the digital asset space and in the entire history of store-of-value assets.
Bitcoin is a savings technology, there is no "next Bitcoin"
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