If you're paying close attention to the shifting narrative, you should see that the market is moving back to either a (full-float + low FDV) project on day 1, or POW where it cant be unfairly minted by the devs.
every real energy spent, gets you that token in return. it can’t be faked.
The PvP nature of the market today given limited dollar liquidity circulating, and the ease of minting tokens (millions out there) is creating that forcing function.
2017:
retail crowd came and diluted that once bitcoin-taboo, a red line that should never ever be stepped on.
even a 10% dev mint is a no-no.
post 2020:
high FDV + low float. FTX @SBF_FTX pioneered that scam along with VCs.
with ZEC showing the way, you could easily kickstart the narrative of
"if you missed bitcoin, this could be the next".
anything that remotely looks like the old 2009-2016 era bitcoin with its associated libertarian cyberpunk ethos will get the bid.
POV, 21mm supply, mining, nodes, anon devs, etc
"new coin that makes mining fairer instead of big miners"? litecoin's Scrypt
"what if i can make a CPU-only mining?" Monero.
"satoshi vision" Bitcoin-cash
"Private encrypted bitcoin" zcash
Bitcoin losing a bit of that ethos for institutional and mainstream adoption is understandable, it is now a void that has and will eventually be filled by something. That unknown of "who" creates the next wave of speculation.
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