I have no technical knowledge. And it's not my area of interest.
Among cryptocurrencies, only Bitcoin is your choice.
Why do you disparage other cryptocurrencies so much?
I was curious.
Do you want to be strong?
Or are others at risk of fraud?
Discussion
There are many reasons, but put simply:
1) People have realized they can make money by releasing shitcoins. If a project has given themselves tokens before ever releasing the protocol, you should be skeptical of their motivations and their statements.
2) Bitcoin is battle tested. It has been around for over a decade, and proven resilient to government attacks and fiascos like Mt. Gox. The brightest minds have been improving it throughout that time. There is no project that compares in this respect.
3) Proof of Work. The energy and computational power dedicated to mining gives transactional finality faster than any other project. Hashrate dedicated to bitcoin dwarfs that of any other project.
Thank you so much for explanation.
🌹🫂
you’re most welcome, and cheers from the US to Turkiye. I visited last year and it was a beautiful place filled with beautiful people
Thank you. ♥️ How nice. We are waiting for you again to Turkey. 🫂 I hope we will be much better country after May..
And don't forget most altcoins are premined, this means the devs take an amount of the token supply for themselves or for selling to private investors. There are even more reasons, but I think those are the most elementary. Thanks for your will to learn 🙏
I do not hate other cryptocurrencies on my part. I can tell you why bitcoin is great.
Bitcoin is open-source, anyone can participate in the system, it’s peer-to-peer, and no one controls the system.
Other cryptocurrencies projects, there is always a team behind the project, that somehow is looking to serve their investors interests, so the main driver maybe is profitability on long term, rather than public service. And you as a participant, do not have full control over the decisions that are taken (emission of new tokens for example,…), and more than that you should trust the team behind the project.
Bitcoin is public service for me.
Oh. I think, I understand. Thank you for explanation 🌹🫂