
I've seen new people in crypto fantasize about crypto
They say stuff like Bullish, the usual
That's why I've made this post
To help beginners understand the truth of crypto
And why not start with the king of them all
And Cut🎬
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Note: I will be using bullet points for all
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Bitcoin
- There is no one to monitor it's price actions
Ex: Satoshi revealing himself when bitcoin is down
- Bitcoin propaganda
: As the most popular coin it has the most assumptions and truisms
*You can read all about them in their links
- Being taken control of by governmental holders
- Not having any new changes
Ex: Ethereum is getting more scalable and better by the day
- Having the craziest drops
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Ethereum
- Not that scalable by itself
: There are other protocols for this Ex: BLAST
- Ethereum propaganda (same as bitcoin)
- Also being taken over by big players
- Getting too expensive to use
: You can learn about blockchains getting too expensive here
- High wall of entry
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Cardano
- Lies about decentralization
: 70% of all $ADA is held by less than 1.5% of wallets
- Slow development
- Overhyped promises
: Too many false promises
- Limited ecosystem
: It's relatively small compared to other Blue chip coins
- Not at all long term
: The price has too much volatility
- Bad community
Ex: Community frustrations like long waits
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Ripple
- Lies about decentralization (Same ass ADA)
- SEC lawsuit
: There have been some legal issues with ripple
- Pre-mined supply
- Artificially increasing it's price
: Not trustable
- Not long-term
: Too much volatility again
- Limited XRP use case
: Not much to do with it
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I hope you like it
I am currently doing some holiday travel planning
Wish me luck and Give me a tip
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