The biggest difference between BITCOIN and ALTCOINS

[headingnorth]

There are many differences, but to me the biggest difference is that unlike all the others,
Bitcoin is NOT a platform for launching millions of other shitcoins.

Ethereum, Solana, XRP, Cardano, Avalanche, etc. are nothing more than platforms
for launching more altcoins. There are literally millions of memecoins, NFTs, etc.
that have been started from one of these platforms. And that's pretty much all they are good for.

Hence my signature ETHEREUM IS THE MOTHER ASSHOLE FROM WHICH THE SHITCOINS SPRING.
That is how altcoins multiply exponentially like cockroaches or endless diarrhea, resulting in countless
millions of them getting listed on coinmarketcap and trading on exchanges. It's ridiculous.

That explains why over the long run, bitcoin has outperformed them all. Because the gullible people who
trade in ethereum for example, will usually have their money held not only in ethereum but also
countless other ethereum-based shitcoins. But Bitcoin on the other hand is just bitcoin and nothing else.
Bitcoin does not produce any other coins, resulting in endless and infinite dilution. There will only ever be 21 million coins.

So they have diluted their funds across many different crypto "assets." Altcoins are a bad joke.
It's bad enough the supply of ETH tokens is unlimited, but even if the supply was capped
like Solana (600 million tokens), the fact that brand new memecoins and other altcoins are constantly being
launched on Solana creates a never-ending supply of tokens that goes by thousands of different names.
So the supply of Solana and Solana-based shitcoins are infinite.

Solana, ethereum, etc. investors have a tendency to chase after every new fartcoin, pepecoin, monkeycoin,
scamcoin, etc. that launches from their respective platform. And 99 times out of 100 end up losing their shirt.
Altcoins are the biggest scam since Wall Street's subprime mortgage-backed securities. Notice how virtually
every single one of them was started with Wall Street VC funding.

Altcoins are the glorified digital version of endless fiat money printing.

[Ambatman]

There are many differences, but to me the biggest difference is that unlike all the others,
Bitcoin is NOT a platform for launching millions of other shitcoins.

No that's not it. Litecoin and even Bitcoin cash don't support such.
The major difference between Bitcoin and altcoin is that it's Bitcoin and they are not
And also the closest thing we have to decentralization.

 

Ethereum, Solana, XRP, Cardano, Avalanche, etc. are nothing more than platforms
for launching more altcoins

Uhh some altcoins are not majorly on lauching tokens though
Take Monero for example, when it comes to privacy it's Top notch.

[pancelot]

There are many differences, but to me the biggest difference is that unlike all the others,
Bitcoin is NOT a platform for launching millions of other shitcoins.

Ethereum, Solana, XRP, Cardano, Avalanche, etc. are nothing more than platforms
for launching more altcoins. There are literally millions of memecoins, NFTs, etc.
that have been started from one of these platforms. And that's pretty much all they are good for.

Hence my signature ETHEREUM IS THE MOTHER ASSHOLE FROM WHICH THE SHITCOINS SPRING.
That is how altcoins multiply exponentially like cockroaches or endless diarrhea, resulting in countless
millions of them getting listed on coinmarketcap and trading on exchanges.

That explains why over the long run, bitcoin has outperformed them all. Because the gullible people who
trade in ethereum for example, will usually have their money held not only in ethereum but also
countless other ethereum-based shitcoins. But Bitcoin on the other hand is just bitcoin and nothing else.
Bitcoin does not produce any other coins, resulting in endless and infinite dilution. There will only ever be 21 million coins.

So they have diluted their funds across many different crypto "assets." Altcoins are a bad joke.
It's bad enough the supply of ETH tokens is unlimited, but even if the supply was capped
like Solana (600 million tokens), the fact that brand new memecoins and other altcoins are constantly being
launched on Solana creates a never-ending supply of tokens that goes by thousands of different names.
So the supply of Solana and Solana-based shitcoins are infinite.

Solana, ethereum, etc. investors have a tendency to chase after every new fartcoin, pepecoin, monkeycoin,
scamcoin, etc. that launches from their respective platform. And 99 times out of 100 end up losing their shirt.
Altcoins are the biggest scam since Wall Street's subprime mortgage-backed securities. Notice how virtually
every single one of them was started with Wall Street VC funding.

Altcoins are the glorified digital version of endless fiat money printing.

The view OP presented is highly perceptive, and I concur with most of its central points. Indeed, Bitcoin stands by itself with its own characteristics: it isn't a platform to issue thousands of new tokens, and it possesses an immutable, limited quantity. That provides a solid foundation, and thus it's the safest digital asset in terms of trustworthiness, security, and scarcity.

But it should also be pointed out that not all altcoins were created merely to clone or infinitely generate fresh tokens. Some of them aim to deliver other features—such as smart contracts, DeFi infrastructure, or transaction scalability—that Bitcoin cannot deliver natively. While most of them do not deliver actual value and are used to speculate, there are actually still projects which serve as technology experimentation labs.

Finally, these tests illustrate a useful truism: any innovative technology that is truly useful can sooner or later be adopted or integrated into the Bitcoin system in a safer, more controlled fashion. So if altcoins can indeed function as laboratories, Bitcoin remains the gravity at the center of the crypto universe. Its survival for so long is not merely a function of history or brand, but because its monetary architecture is the most stable, most battle-tested.

That is to say, altcoins may create a short-term commotion, but Bitcoin remains the interchangeable digital gold standard.

[348Judah]

Bitcoin is the major reason for cryptocurrency and all other cryptocurrencies are altcoins following after the likes of what bitcoin has laid as foundation, bitcoin is decentralized while altcoins are mostly centralized, in bitcoin, we make use of Proof of Work while in altcoins, it is Proof of Stake, their mining process differs from each other, the market capitalization of bitcoin is far much higher to when we combine all the altcoins we have in the market, some of the altcoins are pump and dump projects, while bitcoin has come to stay and remain a valuable asset and digital currency for making payments.

[SquirrelJulietGarden]

Bitcoin is the major reason for cryptocurrency and all other cryptocurrencies are altcoins following after the likes of what bitcoin has laid as foundation, bitcoin is decentralized while altcoins are mostly centralized, in bitcoin, we make use of Proof of Work while in altcoins, it is Proof of Stake, their mining process differs from each other, the market capitalization of bitcoin is far much higher to when we combine all the altcoins we have in the market, some of the altcoins are pump and dump projects, while bitcoin has come to stay and remain a valuable asset and digital currency for making payments.

Not all altcoins are Proof of Stake but even they are Proof of Work, they are useless and their blockchain security is worse than Bitcoin blockchain security. You can see this website and realize how weak Proof of Work altcoin blockchains are in security.
https://howmanyconfs.com/

Altcoins in utility, are useless and their values are either low or zero so they fail to maintain demand on the market with time especially in bear market, they mostly become dead projects with no developments, no market buy demand and no trading volume.
How many cryptocurrencies failed?

[DeathAngel]

Well first we had Litecoin & the likes of Dogecoin as alternatives to Bitcoin but I agree with OP that Ethereum is the asshole that most shitcoins spring from. Solana also, that chain has created lot of trouble like rug pulls & poor attempts at serious crypto. If it was up to me we would have Bitcoin only & maybe USDT to sit in stables during bear markets. It’s annoying how much capital is in shitcoins that could be in Bitcoin but we just have to ignore them & put our focus on Bitcoin.

[Zanab247]

BTC is good for long time hodling in case you are planning to enter long time hodling to earn what other people are earning from BTC long time hodling, while altcoins are good in short time hodling for those are willing to invest in altcoins. BTC is the king among other altcoins, because whenever the price of BTC is pumping other altcoins price will be struggling to pump to alert people what is about to happen for those waiting for bull market or bear market to occur before they can take advantage of the market.

BTC is more popular than altcoin in the whole world, and there is a hope to make good profit from BTC than altcoin, because some altcoins can disappoint without any single sign to investors.

[Marvelockg]

There are many differences, but to me the biggest difference is that unlike all the others,
Bitcoin is NOT a platform for launching millions of other shitcoins.

Altcoins are the glorified digital version of endless fiat money printing.

There's no need trying to make any form of comparison between bitcoin and altcoins because bitcoin is bitcoin and stands strong independent of any other altcoins.

The entirety of the bitcoin network is completely different from altcoins and that keeps it completely unique and different from any other coin. Apart from it long term potential, the investors and whales that keys into it makes it far stronger and better than any altcoin.

[ABCbits]

There are many differences, but to me the biggest difference is that unlike all the others,
Bitcoin is NOT a platform for launching millions of other shitcoins.

I get your point. Although it doesn't stop people to build OmniLayer, Ordinals, Stampchain and others on Bitcoin to create token/NFT.

[Agbamoni]

There's no need trying to make any form of comparison between bitcoin and altcoins because bitcoin is bitcoin and stands strong independent of any other altcoins.

The entirety of the bitcoin network is completely different from altcoins and that keeps it completely unique and different from any other coin. Apart from it long term potential, the investors and whales that keys into it makes it far stronger and better than any altcoin.

OP is making a valid point. He isn't comparing Bitcoin to all those shitcoins out there. I believe he is trying to point out why the Bitcoin blockchain network is actually unique to other blockchain network.

The Bitcoin network has BTC and no other shitcoins listed under it. But when it comes to the Ethereum network, BSC network and many other networks out there. You will noticed the number of dead coins, pouring in every single day.

[headingnorth]

What are some more appropriate and fitting terms for altcoins?  

Scamcoins
Fraudcoins
Fiatcoins

Wall Street Coins
VC Coins
Pump & Dump Coins

Sam Bankster-Fraud Coins
Do Kwon Coins

Ponzi Coins
Clowncoins
Monkeycoins

There are many differences, but to me the biggest difference is that unlike all the others,
Bitcoin is NOT a platform for launching millions of other shitcoins.

No that's not it. Litecoin and even Bitcoin cash don't support such.
The major difference between Bitcoin and altcoin is that it's Bitcoin and they are not
And also the closest thing we have to decentralization.

 

Ethereum, Solana, XRP, Cardano, Avalanche, etc. are nothing more than platforms
for launching more altcoins

Uhh some altcoins are not majorly on lauching tokens though
Take Monero for example, when it comes to privacy it's Top notch.

There may be some rare exceptions to the rule, but you can count them on one hand.
Compare that to the countless millions of garbage tokens that are out there, it's absurd.



 

[Cryptovaganza]

I guess thats why BTC is referred to as the KING right

[Frankolala]

Well first we had Litecoin & the likes of Dogecoin as alternatives to Bitcoin but I agree with OP that Ethereum is the asshole that most shitcoins spring from. Solana also, that chain has created lot of trouble like rug pulls & poor attempts at serious crypto. If it was up to me we would have Bitcoin only & maybe USDT to sit in stables during bear markets. It’s annoying how much capital is in shitcoins that could be in Bitcoin but we just have to ignore them & put our focus on Bitcoin.

Having only bitcoin and stablecoins wouldn't make then market that interesting because people wouldn't see the true value of bitcoin. Shitcoins are mainly for gamblers since we have them everywhere and they love to gamble with whatever they can lay their hands on. However, it sucks to see how newbies in the cryptospace get rugged pull by these shitcoin dev through pump and dump. How I wish that people will ignore all shitcoins and focus more on bitcoin.

[headingnorth]

There are many differences, but to me the biggest difference is that unlike all the others,
Bitcoin is NOT a platform for launching millions of other shitcoins.

I get your point. Although it doesn't stop people to build OmniLayer, Ordinals, Stampchain and others on Bitcoin to create token/NFT.

There will always be those who attempt to turn bitcoin into another shitcoin.
Fortunately, bitcoin is not very good at handling stuff like ordinals or inscriptions, so the market for that
garbage is far more limited and far less liquid than the altcoin NFT market.

But in recent times bitcoin has been infiltrated by developers who are openly attempting to reprogram the bitcoin node network
to be much more like ethereum and solana and force through terrible unilateral changes without consensus.
But they will not succeed IMO because very few nodes if any will be running or upgrading to their compromised software.

Bitcoin has always been ruled by consensus not a handful of autocrats or executives at the top dictating the rules for everyone else.

[beveryu778]

Altcoins are not comparable to Bitcoin. Bitcoin is the first crypto that is totally decentralized. Here, Bitcoin is designed in such a way that the owner of the Bitcoin who buys it will have the power to manage it only himself, no one else will have the power to manage that Bitcoin. But altcoins have a team who can freeze your coins from your wallet from the contract if they want. And altcoins can scam at any time but Bitcoin will never scam and no one has the power to crack down on Bitcoin.

[BitGoba]

Bitcoin is a discover it’s impossible to rediscover a discovery.Bitcoin is the discovery of decentralized money and a monetary protocol.Altcoins are scams designed to enrich their founders and insiders. They have no real purpose or monetary value  just plain scams.

But unfortunately, there are too many stupid and greedy people who don’t understand what Bitcoin really is and can’t see the difference between Bitcoin and altcoins. For most people, it’s all just crypto and they don’t realize that Bitcoin is not just another crypto

Unfortunately, those people will only learn the difference the hard way by losing money chasing scammy shitcoins instead of focusing on Bitcoin

[adaseb]

The biggest difference is that you can’t get rich off bitcoin anymore so you invest in altcoins instead and hope you picked the right choice.

However very seldom do they work out. Some got lucky investing early in Ethereum or Solana or Ripple however how many don’t last even a single cycle.

Now this cycle it’s meme coins. You got thousands of meme coins released every day and maybe 1 works out a week. Why do people invest in it? Because if you pick the right token you can 100x instead of gaining like 25% like bitcoin.

[Amphenomenon]

The biggest difference is that you can’t get rich off bitcoin anymore so you invest in altcoins instead and hope you picked the right choice.

However very seldom do they work out. Some got lucky investing early in Ethereum or Solana or Ripple however how many don’t last even a single cycle.

Now this cycle it’s meme coins. You got thousands of meme coins released every day and maybe 1 works out a week. Why do people invest in it? Because if you pick the right token you can 100x instead of gaining like 25% like bitcoin.

I will say this: bitcoin is expensive try altcoin, then you will end coming back to it.

[Onyeeze]

There are Megan differences between bitcoin and altcoins, from my observation concerning Bitcoin I observed that Bitcoin is the first generation of any coin especially the altcoins so they survival of altcoins is limited why bitcoin has already established the surviving space for any other coins but give right for them to exist today, so any altcoins that is not survival or not propagating very well are those altcoins that does not have value and not ready to survive, bitcoin is the father of altcoins and no Matter promising altcoin today, it get rise from bitcoin.

[BayAreaCoins]

Bitcoin Testnet is technically speaking the first altcoin and is still included in Bitcoin for a reason.

It's a good place to test ideas + let people hammer on shit without having to deal with Wall Street & co.

Altcoins have their place. Bitcoin can observe and then absorb after something is proven.


Bitcoin is king Testnet in cryptoland. (in bankers eyes of crypto)

Bitcoin Testnet is a scary wild west atm.

Altcoins are fun until they aren't.  Some good has come out of them.