Why Bitcoin-Only?


Bitcoin as Digital Gold:

Bitcoin is often referred to as “digital gold” because it embodies the qualities that make gold a reliable store of value: scarcity, durability, and independence from any central authority. However, Bitcoin surpasses gold in several key aspects. It is more portable, divisible, and easier to verify, making it an ideal asset in the 21st century.

Apolitical:

Unlike fiat currencies, Bitcoin is apolitical—it is not subject to political decisions or influenced by government policies. Governments and politicians can manipulate the value of fiat currencies through inflationary policies, leading to economic instability. Bitcoin, however, operates independently of any political entity, ensuring that its value is not swayed by political agendas or changes in leadership.

Neutral:

Bitcoin is neutral in its operation. It doesn’t favor any political party, ideology, or group. The protocol is open-source, meaning anyone can participate, use, or contribute to it without the influence of central authorities. This neutrality fosters trust and ensures that Bitcoin serves the interests of everyone equally, rather than benefiting specific political or economic entities.

No Founders/Team:

Bitcoin is unique in that it has no central leadership, founders, or team that controls its development. It was launched by the pseudonymous Satoshi Nakamoto and has since been maintained by a decentralized group of contributors. This lack of centralization reduces the risk of manipulation, conflict of interest, or corruption that may arise in projects with central authorities or corporate backers. Bitcoin’s development is governed by consensus, with no single person or group profiting from its growth.

The Importance of Bitcoin’s Small Blockchain Size:

Bitcoin’s small blockchain size is a critical factor in ensuring its decentralization. A smaller blockchain makes it more affordable for individuals to run a Bitcoin full node, which is essential for verifying transactions and enforcing the rules of the network. This accessibility empowers anyone to participate in the network without relying on third parties, reinforcing Bitcoin’s trustless and decentralized nature.

By running a full node, users directly verify new blocks and transactions, ensuring that the 21 million Bitcoin supply cap is upheld. This decentralized validation process prevents any single entity from controlling or altering the network, maintaining its integrity and security. In contrast, many altcoins have excessively large or rapidly growing blockchains, making it prohibitively expensive or technically challenging for average users to run full nodes. This compromises decentralization and increases reliance on centralized entities.

The Only Blockchain That Will Survive:

Bitcoin is the first and most secure blockchain, with the largest network of miners and nodes that provide unparalleled security. As the original cryptocurrency, it has the most established infrastructure, with billions invested in its ecosystem. The security, scalability, and decentralization of Bitcoin make it the only blockchain likely to survive long-term. Many altcoins fail due to issues such as centralization, lack of adoption, or unsustainable tokenomics. In contrast, Bitcoin’s fixed supply, Proof of Work consensus, and widespread global adoption make it resilient to market shifts and technological advancements.

Track Record:

Bitcoin has a proven track record spanning over 15 years. It has survived numerous challenges, including market crashes, regulatory scrutiny, and technological challenges. Bitcoin’s resilience has been tested and proven, unlike other cryptocurrencies that have failed, collapsed, or been abandoned. Over its history, Bitcoin has consistently appreciated in value, outperforming other assets and proving its position as a store of value, especially in times of financial crisis.

Why Endorsing/Adopting Other Coins Enriches Only Founders/Teams:

While many altcoins market themselves as “Bitcoin alternatives,” most have centralized control, with founders or teams profiting significantly from their creations. These altcoins are often speculative, designed to create hype around the token and drive up the price for the benefit of early investors or developers. This system creates wealth for the founders and team members, but often leaves retail investors vulnerable to price manipulation and pump-and-dump schemes. Furthermore, altcoins typically lack the decentralized security and long-term viability of Bitcoin, making them ultimately unreliable as an asset for savings or investment. Endorsing altcoins can, therefore, serve the interests of a small group rather than the general public.