Altcoin developers break this important balance between Security and Scalability. They aim at Scalability and make it better, block size bigger, and even make it worse and terrible with super fast transaction speed; but they ignore another important factor Security.
They also make things more terrible by developing Cross-chain bridges that together with super fast block time and transaction speed, cause to horrible consequences from any hack. Then if hacks happen with massive costs, they tried to do something more terrible like Rollback blockchains.
People see things in different ways and have different interests but with me, altcoin blockchains are terrible in Security. I don't care about security of their blockchains but I must care about security and safety of my fund.
They also make things more terrible by developing Cross-chain bridges that together with super fast block time and transaction speed, cause to horrible consequences from any hack. Then if hacks happen with massive costs, they tried to do something more terrible like Rollback blockchains.
People see things in different ways and have different interests but with me, altcoin blockchains are terrible in Security. I don't care about security of their blockchains but I must care about security and safety of my fund.
The added complexity of altcoins, allows for greater vulnerabilities in the long run. Why do you think Satoshi limited Bitcoin's scripting language? Because he wanted it to be simple enough to be used for sending/receiving payments. Adding smart contract features, and other "bells and whistles", will make Bitcoin more complex and prone to hacking. Security is obtained when everything is kept simple.
A good thing the Lightning Network is a separate solution from the main Bitcoin blockchain. Else, it would've made BTC vulnerable already. Even on-chain Ordinals inscriptions are seen as an attack vector by malicious actors. They can keep spamming the chain with such inscriptions, rendering the network useless and utterly-expensive.
Mike Hearn did a lot of meaningful work on the Bitcoin project. But he won't be missed. Especially when Bitcoin has shown to be resilient from time to time. The community will continue to maintain it as usual. May BTC thrive well enough to replace Fiat in the future. At least, that's the dream.
