…ably relative to Bitcoins power law may well be considered to have an appreciable monetary premium. Conversely, coins that do not perform, I argue, are not favoured by the free market and their unforgeable costliness may be insufficient to support sustained growth in demand.
Bitcoin has unforgeable costliness, because it costs a lot of electricity to produce new bitcoins. Producing bitcoins cannot be easily faked. Note that this is different for fiat money and also for altcoins that have no supply cap, have no proof-of-work (PoW), have low hashrate, or have a small group of people or companies that can easily influence supply etc.
More revolutionary still, Bitcoin also had many of the properties that make gold valuable while shedding the properties that make it inconvenient. Bitcoin takes the best attributes of both cash and gold and boils them down to their purest essence.
…er, we will no longer be ruled or governed by supraregional entities and their central governments. We are the first initiative in the history of mankind to shift control of money from the government and the creation of money from semi-private banking cartels back to the people.