Post
Topic
Board Bitcoin Discussion
Re: Why Bitcoin and not any Altcoin?
by
highalch
on 01/07/2024, 05:03:52 UTC
just look at the top 10 now:

- 1. bitcoin
- 2. ethereum: half of the coins in circulation are pre-mined
- 3. tether: zero audits, don't know if it's backed by anything but thin air
- 4. bnb: binance can influence the price up or down whenever they want
- 5. solana: centralized on the validator level, probably has ties to FTX
- 6. usdc: might be ok, but honestly it's just dollars and treasury bills, not a crypto investment
- 7. xrp: is it still alive?
- 8. toncoin: 3 wallets control 50% of supply
- 9. dogecoin: a joke, but at least a PoW joke (price goes wherever Elon wants it to go)
- 10. cardano: an ultra-slow, neverending science project

so there is bitcoin, the fully decentralized, censorship-resistant, free money
it's not playing in the same league