Stop Crypto On Crypto Crime
Ok it’s not really a crime, unless you consider hating a crime. More appropriate title would be “Stop Crypto On Crypto Hate”, but “crime” honestly seems better at attention grabbing.
Now that I hopefully tricked you here, what I mean by crime is that crypto has become more and more tribal. If you hold certain coins naturally you are biased towards them. However I don’t think it’s necessary to bash others for holding or promoting coins that you don’t. Crypto is not a zero-sum game. If you believe in cryptocurrencies and blockchains there are many opportunities for a lot of players to thrive and do well, especially when you have cryptos attacking different verticals and different use cases.
The mothership to rule them is all of course Bitcoin. It’s the most well known, longest running, tested, loved, used, secure cryptocurrency. Many of these are debatable but all in all generally most of these are true (…ish).
Now most OGs of cryptocurrencies are hardcore Bitcoin Maximalist and they don’t really like anything non-Bitcoin. Because most see store-of-value and peer-to-peer cash systems as the one and true use-case of distributed ledgers — ignoring the limitations of Bitcoin like scalability, speed, cost etc. Most OGs want to see just one cryptocurrency and want any improvements to be made on Bitcoin, not on some alt-coins (non-Bitcoin coins). Alt-coins are essentially version 2.0 and 3.0 of Bitcoin. Improving on what Bitcoin is, isn’t, does and doesn’t.
In addition to OGs if you look anywhere, especially Twitter you will see constant hatred, bashing, debates among people who hold different alt-coins. Constant discussions about which coin is better, sucks, which is a true “cryptocurrency”, which is not etc. Arguing over which has better speed, cost, decentralization etc. Best to just ignore these because they are just a giant waste of time. I have personally noticed facts, tech, math, data don’t matter to most who practice almost dogmatic religious like beliefs to certain coins.
I won’t touch here the hate crypto receives from people who are not involved or invested in the space.
Like software, coins that have the best tech, use-case and adoption will be the ones that survive and do well.
So I say let people build what they want to build, let people invest in what they want to invest in. People should be responsible with their money. And scammers should definitely be identified and called out to protect everyday investors. But we have to distinguish very hard between actual scammers and calling someone scammers just because we don’t agree with their vision. Things that deviate from our own traditional thinking and expectations are not scams.
Others doing well doesn’t mean you are doing worse. So no need to tear each other apart just because you hold different bags and/or have different visions of blockchains. Let the market decide.
Repeat with me, crypto is NOT a zero-sum game. Now everybody hug.
