the oldest democracy of the world
Athens, Greece?
Atlantis?
For all the noobs who are scrolling the wall of delusion prepping to enter crypto:
Fundamentals against bitcoin are severe:
1, Old world is already fully embedded in this coin, Goldman, Saudi, FBI, Forbes 1000 Billionaires, so bitcoin success is counter productive to original intent
2. This goes for all cryptos, but they really should not be obtainable with fake fiat money, launch a crypto that can only be obtained through services - everyone on equal footing in this new world order instead of status quo 2.0
3. Bitcoin doesn't scale, lightning network is centralized
4. BTC is old tech, like netscape in late 90's, this is important to consider
5. Mining is draining power towards useless calculations, yes its securing a network but this computing power could be way more optimized, which is why I bought ETH in april 2016, unfortunately, this also did not scale
6. True decentralization must support a retail and merchant space full of branded cryptos with migrated goods and services. This is where those multi trillions market caps will come from in the 2020's with added value of crypto integration
7. BTC is sustained by centralized exchanges which are completely subverted by super powers since mid 2017.
I am a firm believer in Alts with use case and a future built on real democracy powered by a retail, science, merchant and investor community and not the status quo fiat counterfeiters that brought humanity a decade of stagnation. Private corporate money and private armies in a neo feudal model of society will overtake the royal kingdom of the military industrial complex. Neo feudalism is hopefully just an intermediate division before sovereignity of everyone in a virtual singularity.
I do think that BTC will move towards quarter of a million but that it will be for reasons of fiat undermining confidence, and I believe that stockpicking alts with use case and momentum will vastly outperform BTC in the next parabola, by factors of thousands simply because BTC high valuation compared to alts in low hundreds of millions. Do not be fooled by a statement that BTC is a low market cap asset, it is the ecosystem that is important, not one coin. BTC is very overvalued compared to its competition, a factor of x20-100 when exlcuding subverted top 5.
I am not an idealist nor anarchist but the level of corruption in this space since 2017 must absolutely be made public. Everyone is right to own a small amount of BTC but be aware that nothing will change in a BTC majority economy. True decentralization can never come from BTC and its forks, only from emerging altcoin ecosphere and this is simply not matured yet, and when it comes online through crypto payment gateways and realization by retail that crypto a new form of decentralized and unregulated branded stock, then the hour of parabola is upon this world once more.