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1 sat \ 0 replies \ @Derpitor 1 Feb 2023 \ on: Explain to me why Bitcoin Maxis reject non proof-of-stake alt-coins? bitcoin
Few Examples:
Litecoin is literally a clone of BTC with tweaked parameters. However it does have its use as sort of a testing ground for BTC (segwit for example). Plus it still has a figurehead in Charlie
When Grin was released, miners were ready and so it didn't really become a fair launch as all the heavy duty GPU people gobbled up the hashrate.
ETH: 70% premine.
As bitcoin was released during a time where there was no fanfare it had the time to establish and decentralize itself which no other coin can have. You could call it the "immaculate conception" of a blockchain that no other will ever be able to repeat.
This is just a few examples. It's almost as if every PoW coin that isn't bitcoin has its own reason for being rejected by maxis.