Bitcoin is a decentralized peer-to-peer digital currency controlled by all Bitcoin participants around the world. No single entity controls Bitcoin. Nodes function as communication hubs, storing the blockchain, validating transactions, and relaying information. Miners, on the other hand, provide computational power to create new blocks, validate transactions, maintain consensus, and secure the network. Bitcoin is the most secure network in the world.
There's absolutely no other digital asset, which has ever achieved this. Bitcoin is simply the best form of money (medium of exchange, store of value and unit of account). Better than fiat, better than gold. It is the best alternative to the centralized financial systems. (A peer-to-peer electronic cash system). It is a sovereign currency, completely independent of any other forms of money.
An "altcoin" refers to any coin that is an alternative to Bitcoin.
My simple question is: How's an altcoin alternative to Bitcoin, anyway?
The word "altcoin" is wrong used.
@jimmysong is using it just because he wants to play nice with those people...
Alternative means something that have similar properties/functions and can be used for the same purpose as the original.
These so called alts are nothing close to be an alternative to Bitcoin.
Why?
Because:
In other words are just shitcoins.
https://imgprxy.stacker.news/98ZYIhxxnMbvY-y8s86ffN2ExEWN_7PM6cqtxjA4cVc/rs:fit:600:500:0/g:no/aHR0cHM6Ly9pLnBvc3RpbWcuY2MvRDB3UzZzcGIvU2hpdF9Db2luX0Zyb250X2FuZF9CYWNrLmpwZw
https://darthcoin.substack.com/p/bitcoin-no-crypto
This sounds better. Bitcoin is the peoples money. Developed by the people, controlled by the to serve the people.
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