Do you think altcoins are fascinating experiments and a broader aspect of decentralization?
Discussion
The ones that are genuinely different and not simply clones / cash grabs. Of course, due to the nature of crypto that means it's like 0.0001% of them.
altcoins built on blockchains are not experiments, they are just grifts
there is only need for one settlement layer, everything else should have varying degrees of lesser consistency and greater decentralization
like nostr, nostr is a legitimate experiment that advances the science of distributed systems, combining many elements that form part of the layers of existing deployments such as amazon and facebook and google's less decentralized network infrastructure, and form a nexus between the global ledger and the peer to peer
the biggest lie of altcoins is a) storage and b) financialised derivative assets
a) is better done using a more peer to peer decentralised infrastructure
b) is not needed at all if you have hard money
lightning is another example of a distributed system that fills the space between totally decentralized p2p and consistent consensus based blockchain ledger like bitcoin
Does that make you a 99.9999% Bitcoin Puritan?