₿ The Book of ₿itcoin
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Volume 4: Numbers of Altcoins – The Era of Babel

Book IV – The ₿aw


Satire and commentary: names and likenesses are used for parody, and nothing here is a statement of fact about real people. Sourced facts are in the sections below.

4:1 As the HODLites journeyed through the wilderness,
Stacking blocks and tasting freedom,
Some began to whisper among them:

4:2 “Why should only Satoshi design chains?”
“Can we not forge our own?”
“Faster, cheaper, more exciting—why not?”

“They spoke of decentralization, Yet sought to become gods themselves.”

Numbers 4:2

4:3 And so the people created new chains,
And they called them Altcoins.
They bore resemblance in form,
But their spirit was not of ₿itcoin.

4:4 Some called theirs Ethereum,
Saying, “We shall code our own contracts.”
Others cried out for Dogecoin,
Proclaiming, “Memes are value!”
And they laughed.

4:5 A multitude of coins rose:
Pump coins, scam coins, DeFi coins, meme coins, NFT coins...
Each day, hundreds of towers emerged.
They named it the Tower of Babelchain.

“The languages differed, the code diverged,
And the philosophy fractured.”

4:6 At first they seemed as one,
But soon the communities split.
Forks tore apart the tribes.
Hacks spread. Rug pulls multiplied.
And trust withered once more.

4:7 The towers stood tall,
But their foundations were sand.
Drunk on price, they chanted “To the moon!”
But the tower fell—
And with Luna, came the great collapse.

“The tower fell upon their heads, And they understood not each other’s code.”

Numbers 4:7

4:8 Then a voice rose:

“₿1 is still ₿1.”
“There is no Babel here.”
“A block arrives every 10 minutes.”
“And no one can halt this chain.”

4:9 Though chaos remained,
The faithful returned to ₿itcoin.
They saw through false tokens,
And followed not memes, but truth.

“They ceased building towers, And began stacking blocks.”

Numbers 4:9

In plain words: what this means

The scripture is satire. It uses Babel to poke fun at the crowded world of alternative crypto projects. Checked on October 18, 2026.

What checks out

Ethereum is not just a renamed Bitcoin. Its official docs describe it as a blockchain with a built-in computing environment; developers can publish smart contracts, and users pay ETH for computation (Ethereum.org: Technical intro to Ethereum). That supports the chapter's reference to people building other chains and contracts, though it does not support the idea that their builders “sought to become gods.”

Dogecoin's official history says it was created as a joke in late 2013 and launched on December 6, 2013 (Dogecoin: History of Dogecoin). Joke beginnings are a checkable origin story; “memes are value” remains a slogan.

The reference to Luna also points to a real collapse. The SEC says that in May 2022, after TerraUSD lost its dollar peg, UST and Terraform's other tokens fell close to zero (SEC: Terraform and Kwon settlement). That source concerns Terraform and its tokens. It does not establish that every altcoin is a scam.

What needs a footnote

“Hundreds of towers emerged each day” has no defined count or source. “Pump coins,” “scam coins,” and “trust withered” are the author's categories and judgments. We did not verify the number of projects launched, the number of hacks or rug pulls, or the claim that communities split in the pattern described.

“A block arrives every ten minutes” is an average target for Bitcoin, not a promise for every block (Bitcoin.org: FAQ). “No one can halt this chain” is too absolute: the source describes protocol design and validation, not immunity from every outage, attack, legal restriction, or human failure. “₿1 is still ₿1” is wordplay, not a measure of purchasing power.

Sources

PreviousVolume 3: Leviticus of the Nodes

A work of satire and commentary. Historical summaries are simplified and may contain errors. Not financial, legal, or tax advice.

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