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
In other words are just shitcoins.
This sounds better. Bitcoin is the peoples money. Developed by the people, controlled by the to serve the people.
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