When it comes to comparing Bitcoin and Shitcoins we need to have a look at parameters like scarcity. Only Bitcoin is really scarce, Shitcoins can be launched over and over again, even when a single Shitcoin has a max supply. Bitcoin is limited to only 21M coins and no Shitcoin can be scarcer.
So, in terms of scarcity, Bitcoin is king.
So, in terms of scarcity, Bitcoin is king.
You’re absolutely right shitcoins are highly centralized. They all have huge premine allocations held by insiders and VCs who dump their bags on naïve investors. Only Bitcoin is truly decentralized. Everything else is more like a company, with foundations and individuals who control the project and can print more tokens whenever they want. That’s why no smart person wants to hold shitcoins why would you hold something that someone else can create out of thin air?