Why only bitcoin, genuine question.

I’m trying to understand the concept that bitcoin is the only valid use of cryptocurrency. At this point when people compare bitcoin, and Ethereum, they just sound dumb to me. They are totally different things, and should not even be compared. The only reason they are in the same conversation is because they fall under “crypto”.

As far as crypto technology that falls under the category of proof of work and store of value, Bitcoin and Litecoin are the only relevant coins.

There can be other coins that have a totally different usecase that fall under the category of “cryptocurrency”

Yes, proof of work is good and bitcoin is the best. Trustless is good and bitcoin is the best. Store of value is good and bitcoin is the best.

But economically speaking, for most people, it does not make sense to spend their bitcoin, not when it has so much room to appreciate in value against their native currency. Greshams law would tell you that it would make more sense to spend inferior currencies, and to save in bitcoin. Ironically people actually use Litecoin for p2p transactions, that’s why the price doesn’t move much.

I’m trying to figure out if I’m crazy or if the yellow belt bitcoin maxis are just screaming the loudest.