Are Altcoins Bitcoin’s Friends or Enemies?

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Altcoins have a prolonged tradition in a Bitcoin community, though they tend to means a quarrelsome order among those who consider they’re useful and those who consider they’re all scams. One side of a argument, articulated by a Satoshi Nakamoto Institute’s Daniel Krawisz, is that altcoins have no possibility of success and confuse probable users from Bitcoin, while a other side, articulated by many Ethereum supporters, trust platforms such as Bitcoin and Ethereum can work together.

Johnny Dilley, who runs plan during Blockstream, was recently asked for his thoughts on altcoins during an interview on The Crypto Show. Dilley believes a immeasurable infancy of altcoins are scams, and he also thinks Bitcoin developers are not threatened by a existence of these choice cryptocurrencies. The inducement for altcoin speculators to foster doubt in a Bitcoin village was also discussed.

The Vast Majority of Altcoins Are Scams

When initial asked about altcoins, Dilley echoed recent statements done by Monero developer Riccardo Spagni and stated, “I continue to trust that a immeasurable infancy of altcoins are scams. They yield no functionality whatsoever, or a functionality they could yield could really simply be


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