3 ms·

> Crypto != Bitcoin Please explain your reasoning.

• aftbit 4y ago
  I'm not the parent poster, but I believe the explanation is: 1. "Crypto" as a space includes a lot of things like Centralized Exchanges, which are really just like unregulated banks. 2. "Bitcoin" the network is a subset of the crypto space and was not in any way impacted by whatever the latest scammy CEX decides to do.
  • spicymaki 4y ago
    Thanks!
• kayamon 4y ago
  You can print more crypto. You can't print more Bitcoin. You could make a competitor to Bitcoin, and thereby print money that way, but it takes energy. It takes energy to make new Bitcoins. And people can't use their energy for two things at once, they have to pick one. Only one blockchain can (in the long term) maintain and secure a position, the one with the longest proof-of-work chain. The others won't remain stable. Mathematics takes time and energy. The more Bitcoin secures itself the more the other crypto gets pushed out of the mining market.