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As someone with a substantial (for me) amount of money in crypto, I'm happy Bitcoin is tanking. For many, crypto === bitcoin, and "the rest" is grouped together
by gnrlst 5y ago
As someone with a substantial (for me) amount of money in crypto, I'm happy Bitcoin is tanking. For many, crypto === bitcoin, and "the rest" is grouped together as "shitcoins". I totally get this sentiment, as 99% of coins ARE scams / snake oil salesmen promising the world with over-engineered uselessness trying to solve problems that don't exist.
But I do believe in a digital de-centralized currency. Not smart contracts, not DEFI, not all the latest buzzwords: just a fully decentralized medium of exchange that actually works as a currency that no sovereign nation can control. That's why I have invested in a project that is the most promising in that respect (not going to say it here, as I don't want to shill). For that project to be truly successful, the world needs to move beyond Bitcoin, its clones/equivalents and PoW in general.