The BTC narrative which could not achieve.

Bitcoin BTC is looking forward to a future of permanent high fees and Custodial LN, a scaling solution prone to centralization with severe consequences to the users.

Ethereum is following a similar path. Although, Ethereum carries an even darker past, and one thing I’ve always agreed with the maximalists was the ETH premine.

Technically it may not be one (a premine), but at the end of the day, Ethereum has had a centralized token launch, with allocation of ETH to developers and tokens to investors via pre-sales conducted by Ethereum’s foundation.

Therefore, premined. No other term fits this description.

Ignoring the premine, Ethereum is in deep trouble since it scrapped its plans for on-chain scalability with sharding and decided to follow the easy path of sidechains. How did that work for BTC, though?

There is no realistic utility for Ethereum anymore. It can’t achieve its targets and to me, this was clear since late 2020 when I abandoned it after two years of daily supporting and using it.
Exceptions exist to validate the rule, and with the current decadence we witness with the flagship of cryptocurrency, Bitcoin BTC, the exceptions are the projects that work as they were supposed to, which we find today having smaller communities, but with more focus and better vision than anything else.

That’s like just two or three projects. Bitcoin Cash, maybe Monero, maybe ZCash. And that’s about all.
Bitcoin is, a scalable, censorship-resistant P2P Electronic Cash system, an alternative to fiat currency.

The sole reason I never left, is to fight for what is real.

This is the value proposition, not ETFs, not SoV narratives, and certainly not the privileges of the BTC whales.

We lose our way too often in the crypto field since this is what the top organizations like the funds, exchanges, and crypto news want it to be.

The purpose is to use cryptocurrency, in a P2P approach, with no trusted parties as intermediaries.

The purpose of every platform and business in this ecosystem should be to foster adoption and a transition to a parallel economy accepting cryptocurrency, not the legacy system.

Custodians, crypto cards, and centralized Lightning do not constitute progress but a massive failure of cryptocurrency to live up to its purpose, and now it has to escape this trend at all costs.

Bitcoin still stands as a asset like gold and silver or costly gemstone but what was original Moto of Satoshi, the alternative of fiat, to use as paper / digital currency with most best store value. BTC couldn't match that criteria in retail market nor gets reach to a common person.

Bitcoin also failed to sustain in energy efficiency which causing its devaluation most the time. If we look back since 2008 , the price goes up because of fixed supply but utility didn't achieve that purpose which was intentions of creator's group.

That's all for today. Like , upvote and leave comments for feedback.
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Cheers,
Amjad

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