The following is a partial annotated bibliography of SNI Mempool, building the case for why Bitcoin will displace all competing currencies, including altcoins, fiat money, and precious metals:
In terms of monetary policy, Bitcoin is the greatest money the world has ever seen.
- "End the Fed: Hoard Bitcoins" by Pierre Rochard
- "Fractional Reserve Banking is Obsolete" by Pierre Rochard
- "The Bitcoin Central Bank's Perfect Monetary Policy" by Pierre Rochard
Unsurprisingly, it has gained substantial popularity, and there is no reason to believe it will not continue to grow.
- "Why Bitcoin Will Continue to Grow" by Daniel Krawisz
Given expected growth, people have reason to hoard. This increases the value of the network, giving more reason to hoard.
- "I'm Hoarding Bitcoins, and No You Can't Have Any" by Daniel Krawisz
This growth is not merely a bubble.
- "How We Know Bitcoin is Not a Bubble" by Daniel Krawisz
As it grows, the network effects of its competitors shrink, and ultimately there can only be one currency.
- "The Problem With Altcoins" by Daniel Krawisz
- "The Coming Demise of the Altcoins (And What You Can Do to Hasten It)" by Daniel Krawisz
Volatility currently exists, but so what? If anything, that's a good thing. Hoarders are not swayed.
- "I Love Bitcoin's Volatility" by Daniel Krawisz
Those who are hoarding are already using Bitcoin as their unit of account, in order to calculate long-term opportunity costs.
- "Bitcoin is the Best Unit of Account" by Daniel Krawisz
As it grows, it will not only displace competing crypto-currencies but also begin engaging in speculative attacks against weaker fiat currencies.
- "Speculative Attack" by Pierre Rochard
Attacks on the system are possible, but they require entrepreneurship, which takes time. Meanwhile Bitcoin's growth creates agency problems in coordinated attacks by instead incentivizing defection.
- "Bitcoin's Rugged Individualism" by Daniel Krawisz
- "Bitcoin's Shroud of Subtlety and Allure" by Daniel Krawisz
In the end, we can expect Bitcoin to displace all other currencies, rapidly, in a process of hyperbitcoinization.
- "Hyperbitcoinization" by Daniel Krawisz
With hyperbitcoinization on the way, everyone becomes a scammer. Willpower is the hoarder's only defense.
- "Everyone's a Scammer" by Michael Goldstein
Safe travels.