Dec 18, 2022
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This made me realize how Altcoins in general makes no sense

Written by pinmin


I was watching one of these random videos from Youtube Shorts, and I came across a video of a very, very rich individual, commenting on how he prefers to use Crypto for very high transactions, like millions of dollars, because bank transfers are an extremely bureaucratic and annoying. The video is very short, it doesn’t go long, but it ends with him saying “If I want to make a transaction of 1 Million in the Bank, I will spend weeks signing papers and answering questions. If I want to transfer 1 Million with Bitcoin, I click two buttons, pay a fee of about 50 cents and wait a few minutes”.

The video is basically that. In the comments section, full of comments like: “Wow, minutes? <Insert Shitcoin> takes like <random amount of seconds> and costs <insert insignificant amount of money> ???????????????????? bitcoin fucking trash”

Seriously, what do the people commenting on this think is the main reason people use Bitcoin instead of their crappy altcoins? SECURITY, TRUST, AUTHENTICITY. Your crappy altcoin network can’t even stay Online properly, and you wants it to serve as a million dollar transaction tool? For the love of God. They seem to not understand the basic principle of cryptocurrencies.

submitted by /u/RafaelSwi
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