Original archived Re: Only Bitcoin is really scarce, Shitcoins aren't
Scraped on 28/06/2025, 19:54:50 UTC
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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?
I agree that some altcoins have scarcity - but their performance will never surpass bitcoin's performance. As far as I know - LTC, BNB, XRP and some others have scarcity in terms of their maximum supply, but I must admit that they are not comparable to bitcoin
[price and some others]. Bitcoin's performance is much better than altcoins - bitcoin is the king, while altcoin are projects that were born after bitcoin existed.
The only altcoin that has the same supply as bitcoin is BCH - its maximum supply is 21M, but BCH is not better than bitcoin or on par.