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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:
  • they do not have same properties
  • they do not have same power and security
  • they do not serve the same purpose
This sounds better. Bitcoin is the peoples money. Developed by the people, controlled by the to serve the people.
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