yeah, kaspa is a better example
Discussion
i could use kaspa also, so dont take personal what im choosing as example
I spent 3 months full time deep diving it for a friend who invested in it. It is a genuine scam that nobody else has been able to identify.
I can provide the evidence in private if you wish.
I had the luxury of time and the curiosity to spend time understanding it better than anybody else has outside the Kapsa devs.
My friend sold his holding at around $0.16
I believe it is currently 0.05c
Not all altcoins are scams, Roger genuinely believes in Bitcoin Cash and Craig genuinely believes in BSV. That doesn't mean they are ever going to be successful for anybody but the team that launched the coins, although they can make traders a lot of money in the process.
There is deep complexity and nuance in even the simplest of things, few have the luxury of time to spend thinking about this.
Using spot price to discredit a project, especially a young one, is something Bitcoin Maxis should know better than doing. How many times did TradFi laugh at 85%+ draw downs in Bitcoin spot price… this is especially true for a fair-launched, open-sourced, POW protocol with a block speed of 10bps. I’m shocked you would even mention spot price (especially out of context) to dismiss a project. That’s what Boomers do when Bitcoin corrects.