Bitcoin isn’t a scam. All non-bitcoin cryptocurrencies are scams.
People often hear about stuff like coins that are pre-mined, or proof-of-stake and the schemes and scans that come out of those, and immediately associate Bitcoin with the same thing.
Ethereum has scam characteristics though. The creator Vitalik gave himself time to mine it alone before giving public access. He secured for himself quite a nice stash
Bitcoin isn’t a scam. All non-bitcoin cryptocurrencies are scams.
People often hear about stuff like coins that are pre-mined, or proof-of-stake and the schemes and scans that come out of those, and immediately associate Bitcoin with the same thing.
That is also not 100% true. There are several altcoins with fantastic utility. Monero and Ethereum come to mind.
Ethereum has scam characteristics though. The creator Vitalik gave himself time to mine it alone before giving public access. He secured for himself quite a nice stash
That’s true. I suspect the application programming is the only reason that it actually took off.
I wouldn’t argue with that. I was mostly generalizing.
Of course bitcoin is a scam. It’s a “currency” you can’t spend anywhere. It’s only purpose is a pump and dump scheme for early adopters.
Lol
This is exactly what many alt-coins are but Bitcoin is decidedly not.
You’re confusing “easy to mine” with “early adopter scam”.
You could’ve at least pretended to have done some basic research…