The "subjective value theory" does not mean that Bitcoin ca…
The "subjective value theory" does not mean that Bitcoin can succeed just by manipulating people into saying that it's valuable, which is what people in $BTC believe. BTC is nothing but a group of people who are all lying about being good for something.
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No, that is a too shallow analysis of how many in BTC think. Why can't it rather be that they simply disagree with your assumption that focal point of being digital money is the only thing that enables differentiation of alts? Other focal points at work!
Also, some might agree with your assumption about the focal point, but disagree with your assumption that BTC can't be money (can't scale).
Disagree with the 'lying' part as well. People can simply be wrong you know, or lie to themselves about the chances of hyperbitcoinization. But to phrase it a bit as a Big Lie built around luring new money in, that is not happening. Money is difficult.
Lying to each other is what people in cults do!
It's provable that big blocks is the only way for Bitcoin to scale. Want to learn why? Just as an example, the kinds of transactions that are used in Twetch can't be done within any other scaling model.