13 years later, there are many thousands of shitcoins, most of which had some form of premine, made the creators bank and are still in control to a high degree. These shitecoins are worth millions and some even 100s of billions.
Even a genius like Satoshi miscalculated the stupidity, ignorance and greed of the average person
Not so.
Without bitcoin leading the way, those shitcoins could never have gotten off the ground. There were already shitcoins before bitcoin but none of them solved the decentralization problem (as well as the problem of how to create value from nothing), and eventually failed because their creators were shut-down. These shitcoins also have limited potential growth precisely because of their premine. Do you want a globally useful currency? You're going to have to give up some of that centralized ownership. No country is going to adopt a currency when they know a few individuals own tens of percents of it.
Bitcoin showed that it was possible. It took several years for bitcoin to become worth anything meaningful, and it's worth the most of any crypto. It would have taken a lot longer if Satoshi didn't allow people to mine at any time because no one would have trusted a known individual to not screw them in the long run. With a known individual, it also becomes easier to make a 'why not use visa/mastercard/paypal instead?' argument because that individual can be targeted to disrupt the currency.
The anonymity of bitcoin's creator also provides a support for shitcoins because the little pups can hide behind the big bull of the pack. They would be so much more easily adversely targeted without bitcoin existence.
Bitcoin also works and increases in value precisely because of the greed of the average person. The number goes up because the number goes up. Even with bitcoin, until some addresses have more distributed ownership, bitcoin will be limited in its highest growth potential. Arguably, this is also why shitcoins increase in value -- because of the greed of individuals -- but there has to be a buy-in+reward mechanism for later adopters or eventually you run out of investors. Most shitcoins don't have a consistent reward for later investors and have nothing close to guaranteeing it.
Besides, a large initial pump means nothing for long term success. Any form of currency has to demonstrate long term stability, which bitcoin dominates.
Learn the S-curve. Most shitcoins have fulfilled their S-curve. They may grow rapidly, but they can only do so once. You can argue about where bitcoin is in its S-curve, but it's definitely not at its top.
