Personally, I think Bitcoin is the only one that has actually solved a problem. Fixed supply, digital money that doesn’t require a trusted third party.
All other cryptocurrencies are more akin to startup tech companies that are trying to find product market fit for what they believe is some sort of innovation. There is nothing wrong with innovation but unfortunately in crypto the incentives are misaligned. It’s easier to issue tokens and sell them than it is to create a useful technology that people want to use. So you get a lot of tokens issued with big promises and marketing hype but not a lot of actual useful technology that people want to use.
Personally, I think Bitcoin is the only one that has actually solved a problem. Fixed supply, digital money that doesn’t require a trusted third party.
All other cryptocurrencies are more akin to startup tech companies that are trying to find product market fit for what they believe is some sort of innovation. There is nothing wrong with innovation but unfortunately in crypto the incentives are misaligned. It’s easier to issue tokens and sell them than it is to create a useful technology that people want to use. So you get a lot of tokens issued with big promises and marketing hype but not a lot of actual useful technology that people want to use.