Many people ask, why is Bitcoin so valuable? Actually, the core is not just the technological innovation like blockchain and PoW mechanisms, but more cleverly, it has established a "consensus democracy" based on game theory. Simply put, as long as the community recognizes it, cryptocurrencies have value; once trust is lost, they immediately drop to zero. Imagine if Bitcoin were easily stolen, who would dare to hold it? This credit system maintained collectively by market participants is the true source of strength.

Here is a disruptive design—Bitcoin's code and blockchain ledger are completely open source. Anyone can copy the code to issue new coins, or even hard fork from a certain block to establish their own platform. As long as it gains recognition, it can succeed. This sounds crazy, but it has been practiced many times.

A well-known historical example is Litecoin (LTC). Charles Lee made some small modifications to the Bitcoin code, branding it as a new currency. Because it was one of the earliest altcoins to gain attention, its market cap was also quite high at one point. Later, Dogecoin (DOGE) simply used Litecoin's code framework and created a separate ledger. This is the reality of the crypto ecosystem—technology can be copied, but consensus is a scarce resource. During the altcoin season, what truly matters is this very point.