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Many other cryptocurrencies are so much better than Bitcoin. Off the top of my head: Monero, Litecoin and maybe Ada (Cardano) sound like better alternatives.

A good heuristic is "if someone extols the virtues of Bitcoin (instead of crypto in general), then they don't understand much about the virtues of Bitcoin or any other cryptocurrency."



Bitcoin has problems. Its a known fact. But apparently everything in this weird crypto world is about trade offs.

Every time you hear someone saying Nano is better than bitcoin because transactions are free the same person never mentions the problem with spam in their network.

Everyone who advocates for Ethereum for being a more complex and Turing complete network never mentions that the same complexities invite bugs and vulnerabilities and the chain was actually hacked once. Or that the developer can decide to literally rewind the chain again. Or that the PoS model is a centralizing force that is trying to replicate the current financial system.

Just check the number of people mentioning bitcoin fees without ever touching on the subject of current ETH gas cost.

Everyone advocating for Monero for its better privacy never mentions the challenges of auditing the monetary policies of their chain.

Everything is a trade off but for some reason people are very good at pointing the good parts of their solutions without never disclosing what was lost to achieve that feature and at the same time they are very good to point flaws in the Bitcoin protocol and network.


Network size is a virtue too. Specially for things that benefit from network effects!


Because the guy who is behind this thinks that other cryptos are just an experiment that couldn't work, but bitcoin is the holy grail and just appears to be slow/expensive.

Video interview with him:

https://www.youtube.com/watch?v=q1pSf_akaig





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