Bitcoin Maximalists Are Right…

…95% of cryptos are nothing but scams. Bitcoin is Bitcoin, it was first and it is the best… and that’s all, folks…

BTC Maximalists Are Right That 95% of Crypto Is a Scam, Says Emin Gun Sirer

There are more than 5,000 diverse cryptocurrencies being traded with a total market cap of nearly $250 billion. As much as 95% of those cryptos are nothing but scams, according to the creator of the world’s first proof-of-work, or PoW, crypto…

…In an April 29 AMA session with Equilibrium EOSDT, Sirer slammed crypto projects like Facebook’s Libra for wanting to compete with major fiat currencies, like the United States dollar and euro, while not creating anything new.

A computer scientist and professor at Cornell University, Sirer believes that the vast majority of crypto projects are touting their initiatives as new payment methods, while Bitcoin (BTC) was the first to do so more than 10 years ago.

‘There’s nothing wrong with wanting to be a method of payment, but Bitcoin did it first,’ Sirer argued, adding that ‘trying to compete with that is a stupid thing to do.’”

https://cointelegraph.com/news/btc-maximalists-are-right-that-95-of-crypto-is-a-scam-says-emin-gun-sirer

Master Asked on May 2, 2020 in Bitcoin.
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