Cash Hegemony is the fight of death

Cryptocurrency proliferation is out of control. Is it the last honor of Baroud of the Crypto before cleansing and the Bitcoin triumph?

11 million cryptos

According to CoinMarketcap, there are 11.52 million cryptocurrencies today. At this pace there will soon be more cryptocurrencies than bitcoins …

CEO of the Coinbase Exchange platform estimates that approximately 1 million cryptocurrencies are formed each week. For Brian Armstrong “It is no longer possible to assess them one by one”.

“Regulatory authorities must understand that the application for approval for each has become completely unrealizable”He launched on X.

In other words, Casino Coinbase wants to be able to offer anything to its customers. To understand how we got there, we must return to the Bitcoin pioneer and his four basic characteristics:

• Trusted: Peer-to-peer transaction, that is, without a trusted third party;
• Permission: Anyone can use bitcoins;
• Resistant censorship: impossibility of transaction prevention;
• Perfect deficiency: Unable to create more than 21 million BTC.

Bitcoin is a masterpiece of cryptographic engineering born from a combination of already existing technologies: Public Key cryptography, hash algorithms (SHA-256) or work concept. Result? An elusive currency existing in a completely completed quantity.

Pandor’s box was open and what had to happen to happen: Cambrian Explosion of Cryptococurence, for the better AK worse.

For example, it is very positive that the new generation will become acquainted with the dark world of cryptography. Especially at these times monitoring of heaps. Many cryptographic protocols available to improve confidentiality are the inheritance of the “crypto” rise.

However, this inheritance comes with his parade of false good good thoughts.

Dream

The “web3” vision (decentralized internet -powered blockchains) is a miracle. The ideals are noble, but the fact is that the overall decentralization is a share that cannot be inserted on the scale.

Centralized systems are faster and cheaper. It is the main promise of cryptocurrency creators than to offer cheaper and faster transactions. The problem is the expense of decentralization. It’s the famous Blockchain Trilemma.

However, thousands of chips are formed every day. The crypto world remains obsessed with “another big thing”. Bitcoin is not spared either. We have shown it over the last two years with ordinals, BRC-20s, rare sat and runes.

But as always, the bellows eventually fall. Innovations to bring us closer to this legendary website3 have often been shown as vulgar pumps.

Each cycle is accompanied by a more or less warm story. Buzz is currently maintained by a mixture of defi (again), stablecoins (still), the same, AI and old cryptocurrencies such as XRP.

And after the celebrities of the previous cycle, it is now the head of state, who “carpet” (Trump coin, Mélanie Coin, pound coin …).

During the last cycle we had yield agriculture, play-to-earn (P2E), move-earn (M2E), unstable stablecoins (Terra/Luna), dog memoins, bridges, nFT etc.

Many of them leave feathers … badly necessary? Creative destruction? Fraud? It’s a bit simultaneously.

And finally it wins Bitcoin

The fact that the same is now the most popular trend is good news. This means no one claims to ask bitcoins. The casino is finally assumed as such.

Monetary hegemony is the fight of death and there is no doubt that Bitcoin has won. There are still several pockets of futile resistance, but games are created. The United States will not create a strategic reserve of XRP or Ethereum.

The most successful applications are financial in nature:

• Reserve value;
• Currency (L2 Lightning Network);
• Stablecoins.

For what? Because the four main features of blockchain are particularly useful for monetary and financial applications. On the contrary, it introduces unnecessary friction and costs for most other applications.

Is it finally understood? Maybe. This is what the growing domination of bitcoins (62 %) suggests, although the number of chips and other cryptocurrencies continues to rise.

The next cycle will be more serious, with the integration of bitcoins into the traditional banking system. Soon it will be possible to obtain loans in exchange for collaterals in Bitcoins.

Bitcoin: Reserve value and means of payment of assistance for all and international reserve currency for states. This should stay as soon as the “crypto” smoke screen is completely dispersed.

Don’t miss our article: Ethereum: descent to hell.

Nicolas T.

Report on bitcoins, “the goddess of wisdom, feeding the fire of truth, exponentially growing every smarter, faster and stronger behind the wall of encrypted energy”.

Renunciation

The words and opinions expressed in this article are involved only by their author and should not be considered investment counseling. Do your own research before any investment decision.