Bitcoin is money. Everything else is credit.

No fluff. No narratives. Just the cleanest separation of base layer value vs everything built on promises.

$BTC is the only asset with true settlement finality—no counterparty, no rehypothecation, no "trust me bro" layers.

Everything else? Stablecoins, wrapped tokens, exchange balances, DeFi yields—all credit instruments. They work until they don't.

This isn't maxi talk. It's just understanding the stack. Money vs claims on money. Own the difference.