I mean i mostly agree some would consider bitcoin almost a stablecoin within itself. I actually have a closer philosophy to the bitcoin maximalist, in that i believe in a small pool other cryptos dilute the value of bitcoin. Some don't agree i moreso believe thats the case.

I think when i founded concepts like bitcoin myk it made sense because i felt its the only crypto project that doesn't dilute bitcoin. Bitcoin MYK entire model is based on not moving your bitcoin but claiming your btcmyk to move on several chains which allows it to scale.

I think bitcoin is the best project we have right now. I'd more consider bitcoin myk an overlay than an altcoin. However whatever you wanna call it i think all this is relevant because of a few reasons. The first reason being some reports indicate only about 3% of btc trading is legit.

I think whether lightning works in a custodial capacity or some other means. .You still if i understand it correctly would need a premove of btc to one of the payment channels as to say you're still required to send the btc first. Whereas i don't feel thats a huge issue it is a inconvenience in my opinion.

So you have still several arguments against lightning. I think where bitcoin myk gets it right is all that is avoidable with no risk to the end user. So worse case scenario their coins get compromised or there is some security breach or double spend. However use of the network would not put their actual btc at risk and utility of the network and its possible size would make it valuable.

Again bitcoin is the best thing we got but its far from perfect. Are you aware of several btc inflation bugs one recently found by of all people a bitcoin cash developer which could have been not good for the network. So is btc going to be the best model for the future. I don't think so. I still think networks and ideas like bitcoin myk will be that or it may not be btcmyk but it may be something similar like what we could possibly see in the pi network.

I think what goes overlooked is alot of these cryptos much like standard economies depend on faith and network effect. Pi network quickly gained 18 million users. Whereas i do know its legit technical arguments against it right now or atleast the most that can be made at this time. it does offer an easy user interface and i think in this space we may b e overestimating the use of some of these blockchain technologies.

if we look to ideas like facebook libracoin.. whereas the united states quickly issued a cease and desist to libracoin. Bitcoin has not yet been banned although other nations took that option. i think the fear was the tremendous value and network effect libracoin would have. So projects like pi network. facebook libracoin.. bitcoin myk all have in common simple ui's that resonate with most of the user base out there.

I'd also just conclude that bitcoin holders we don't really know when they will dump the coins. So that could lead to some catastrophic market conditions. We don't know if satoshi would dump or several other entities that own btc. So those are just some things that come to mind. In the present i'm more prone to agree with you though.

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