The problem is... as more pieces get added onto the backbone, you can often end up with the entire body being called "bitcoin".
And then, i could agree with bitcoin maximalists.
Everything else can be added to bitcoin, so bitcoin will be all...
But, this is just semantics... or is it?
The linux operating system includes a lot of very valuable programs.
That can all be scripted together to do all kinds of things.
And they are so ubiquitous in linux distros, that they are considered linux
And we should note that Gresham's Law also works towards bitcoin becoming the backbone.
As more people store the bitcoin, it becomes more stable, and more of what everything else gets priced in.
I think this will be the real test about whether adoption has happened.
How many of the things are priced in bitcoin?
Now Selling! Shoes 1.99 satoshis
But, will the whole structure/body be called bitcoin?
That is provably false.
The only thing that can make an asset stable is elasticity. Users hording the token do the opposite of what you've just claimed. Users holding the token make Bitcoin more volatile and unstable. Stability is created by users buying low and selling high, and also knowing the difference between the two. We've already seen that more than 90% of the population is not capable of this. This also implies that there is some asset out there that is more stable than Bitcoin and we are trying to peg Bitcoin against it in an "only up" direction.
On a very intrinsic level the only way for Bitcoin to become stable (trade flat) is for advances in technology to stop happening. Doesn't seem very likely. The only way for it to trade stable in an only up direction is for all the whales to have perfect speculation. Even in this impossible case, some other whale would exploit it by buying the dump and scooping up a huge percentage of coins that they would have never been able to get if the price was volatile.
It is impossible for a deflationary asset to ever be stable or a unit-of-account.
Not going to happen.
Ever, never.
That is a job for some other coin that hasn't even been built yet.
Bitcoin is far to valuable to have high liquidity.
Hording it increases volatility.