Bitcoin Songsheet: How Altcoiners Use Bitcoin To Rent Seek
Though altcoins use Bitcoin to gain people’s trust, they’re simply a reimagining of fiat incentive alignment.This is an opinion editorial by Jimmy Song, a Bitcoin developer, educator and entrepreneur and programmer with over 20 years of experience."We are all in this together." So say the altcoiners when regulators are bearing down on them. Also altcoiners: "Bitcoin is wasteful, outdated and toxic."The weird frenemy status that Bitcoin enjoys among altcoiners is as arbitrary as it is confusing. On the one hand, they try to present a united front because clearly, Bitcoin adoption is greater....
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