“Keep away from people who try to belittle your ambitions. Small people always do that, but the really great make you feel that you, too, can become great.”
― Mark Twain
“Never forget what you are, for surely the world will not. Make it your strength. Then it can never be your weakness. Armour yourself in it, and it will never be used to hurt you.”
― George R.R. Martin
“Creativity is knowing how to hide your sources”
― C.E.M. Joad
Why Uncapped Altcoins Fail as Hard Money & Why Bitcoin Stands Alone
In the pursuit of sound money, many fall into the trap of believing any digital asset can serve the same function as Bitcoin. The reality? Most uncapped altcoins mimic the worst tendencies of fiat currency—expanding their supply arbitrarily and undermining the very scarcity that makes money hard.
Altcoins: The Fiat of the Digital Age
The fundamental flaw of uncapped altcoins is their limitless supply. Much like central banks printing money whenever they deem it necessary, these coins allow unchecked inflation at the discretion of developers or governance models. The consequences mirror fiat currency:
- Dilution of Purchasing Power: As more units are created, early holders lose value.
- Lack of Trust: Investors know that supply can expand, making long-term wealth preservation impossible.
- Short-Term Utility Over Hard Money Properties: These coins prioritize utility over scarcity, making them ill-suited for preserving wealth.
Hard money must resist manipulation. Just as gold was sought for its rarity, money in the digital era must be provably scarce. Altcoins with flexible supply are nothing more than digital fiat.
Bitcoin: The Hardest Money Ever Created
Bitcoin stands in stark contrast to these inflationary tokens. Its immutable supply cap of 21 million coins ensures:
- Absolute Scarcity: No one—no government, no central authority, no miner—can create more Bitcoin beyond the hard-coded limit.
- Predictable Monetary Policy: Its issuance follows a transparent, deflationary schedule (halving events every four years).
- Trustless Security: Unlike fiat or altcoins, Bitcoin’s monetary rules are enforced by code and the consensus of its global network.
Hayek envisioned a world where money could be denationalized, removed from the grip of state institutions and controlled by free markets. Bitcoin is the closest realization of that vision. It operates independently, free from political whim and bureaucratic oversight, delivering a truly decentralized financial system.
Conclusion
Altcoins with no supply cap will inevitably fall into the same trap as fiat—endlessly inflating when convenient, eroding wealth, and rewarding insiders. Bitcoin, by contrast, embodies hard money principles through its scarcity, decentralized nature, and resistance to manipulation.
In the end, if you seek financial sovereignty, Bitcoin remains the only true hard money in the digital realm. Accept no substitutes.
“Those who don't believe in magic will never find it.”
― Roald Dahl
“Have you ever noticed how ‘What the hell’ is always the right decision to make?”
― Terry Johnson
Gm Nostr 😊
Happy Wednesday, I hope you're enjoying the week. Have a nice day fam 😉😊
“Anyone who has never made a mistake has never tried anything new.”
― Albert Einstein
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― J.M. Barrie
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