rich1.0hodlonaut (npub1cj…wj2rh)https://yabu.me/npub1cjw49ftnxene9wdxujz3tp7zspp0kf862cjud4nm3j2usag6eg2smwj2rhnjumphttps://yabu.mePremise: Bitcoin's core value is to be Money. As pristine money as possible. Fee competition and congestion due to grift spam works as a tax on monetary use, which is obviously negative towards being pristine money. But more seriously imo is that using Bitcoin for other purposes than money, introduces hidden economic dilution/inflation. Spawning thousands of competing tokens, memecoins and NFTs on Bitcoin, leveraging its security and reputation, diverts capital and attention from BTC itself. Speculators and normies chase these derivatives out of greed, instead of holding BTC for its scarcity and monetary properties. This is like expanding the "pie" of BTC as a value carrier with junk assets. BTC's monetary premium gets diluted as the chain becomes a crowded data/token platform rather than pristine money. Conclusion: Any standardizing or facilitating of non monetary use of Bitcoin undermines its core mission and value proposition.