There is no next bitcoin, bitcoin is the innovation, shitcoins don’t solve any problem. They are just marketing gimmicks to sucker unsuspecting noobs out of their bitcoin for GAINZ bro
Discussion
None of the others are truly decentralized they are basically a company on a blockchain and can change the protocol at their whims. Most had premine and we’re not distributed in a fair way. I could go on.
Agreed 100%. But what about LTC for example? Some claim it has faster transactions and better scalability. But it feels like a copy of THE original
It is a copy, network effect is greater with bitcoin. If that were true why hasn’t it out performed bitcoin? Why did Charlee Lee dump all of most of his coins? Is it faster than lightning? What has scaled more bitcoin or litecoin?
There are other trade offs when you change the original code to make it “faster and more scalable”
Just double checked. LTC/BTC ratio has been (on average) going down since 2017.
Before I came to Nostr, I would have said litecoin is faster. But no, lightning surprised me a lot.
Base layer doesn’t have to be fast but it has to be battle tested against attacks nothing comes close to bitcoin. NOTHING.