Comment on Bitcoin is Stupid and Does Not Deserve an Emoji (blog post)
CeeBee_Eh@lemmy.world 1 month agoBitcoin 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.
shortwavesurfer@lemmy.zip 1 month ago
That is also not 100% true. There are several altcoins with fantastic utility. Monero and Ethereum come to mind.
sugar_in_your_tea@sh.itjust.works 1 month ago
Exactly. Most cryptocurrencies are scams, but a handful are fantastic. Ethereum is cool for being proof-of-stake (so no high-energy mining), and Monero is cool for being super privacy-oriented. There are a handful more, but honestly, if you stick with Bitcoin, Ethereum, and Monero, you’ll be fine.
shortwavesurfer@lemmy.zip 1 month ago
That’s pretty much exactly my thought. I hold a very very small amount in Polygon, but only in order to pay the gas fees for the Polygon network. So I never have more than a few US dollars worth in it at a time.