Most people first hear about Bitcoin and then buy an Alt-coin as their "next bitcoin". There is enough marketing out there to convince you that your own bags have the best bet to succeed. Once you buy in, the transfer fee and selling fee is enough to deter most small holders from taking profits, unless you happen to be very lucky and buy something like Siba Inu.
Lots of fortunes made and a lot more are being destroyed. It makes no sense to have Alt-chain after Alt-chain, L2s after L2s, Launchpads after Launchpads and all of them continuing to make the private sale investors rich. It makes no sense but it keeps happening. Everyone wishes there was a way to drown out all the shill and noise. Yet, now with NFTs, it has been proven again that hype matters the most.
Posts such as these are the anachronistic now instead of the "mention" of crypto or NFT.
I think people want to actually use their crypto. When Bitcoin's fees skyrocketed most of the talent that was developing on that felt let down by developers and decided they needed to form their own chains to keep their businesses running smoothly. I think this is what a lot of people don't understand about the block size debate. The original people who were building on Bitcoin were forced out by poor dev practices and HAD to form their own chains to keep their businesses operating. It wasn't about splitting Bitcoin into Crypto. It was about not being able to wait around for half a decade while a workable solution was put into place. The end result is this...
I envisioned a Bitcoin with all of these built solutions being run alongside Bitcoin the way Namecoin does, where miners could pick and choose what they wanted to spend their resources supporting. Unfortunately this was never supported strongly by the community (pools have done their part for a decade now) and instead of using the talent desperate to build on Bitcoin to create supportive side chains, they abandoned it completely to build their own solution where they won't be bamboozled again like was done with the New York Agreement. Thus, we have a market where Bitcoin can really only go one way with regards to market share and things like "crypto" being mentioned instead of Bitcoin. I just hope it stays there and when NFTs start popping up all over mainstream entertainment the narrative isn't changed completely again from crypto to Ethereum.
