In the past two years, it has become clear that advocates of lesser coins will go to great lengths to persuade individuals to part with their Bitcoin.
In the past two years, it has become clear that advocates of lesser coins will go to great lengths to persuade individuals to part with their Bitcoin.
They claim their coin is not only faster and more secure but also revolutionizes the laws of physics.
They'll prompt you to invest in their coin, arguing Bitcoin is outdated technology.
After only a few hours of learning about Bitcoin, the initial motivation was merely to accumulate more fiat.
The allure of lesser coins came from the perception that they provided a pathway to quick wealth.
However, that solution is illusory.
Proponents can't adequately explain the opportunity costs associated with their networks.
Behind the scenes, many will not disclose that their coin compromises either security or decentralization.
They may assert their coin has overcome the blockchain trilemma, but this claim is fundamentally impossible.
Every option carries opportunity costs, yet they fail to address these regarding their coin.