New Crypto Better Than Bitcoin?

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In this video, I discuss why it is so difficult to create a new cryptocurrency that is better than Bitcoin, as well as going through some of the heuristics that I use when analyzing new cryptos.

Bitcoin had an immaculate conception that is very difficult to repeat, has a huge head start on other projects, and also makes very good choices when it comes to the trade-offs between block size, scaling, transactions per second (TPS), and decentralization.

Even if you do a fair launch with a new proof of work coin, it is highly likely that token holders will dump the new token for Bitcoin, as they did with Grin.

Monero is a fascinating project, but a worse store of value than Bitcoin. Monero/BTC atomic swaps ensure that no one need ever hodl Monero when they can instead just swap into it temporarily as needed.

Bitcoin is the next Bitcoin. Accept no substitutes.

Not investment advice! Consult a financial advisor.

Coins with large premines:
https://pbs.twimg.com/media/E1l8L2dXMAExklv.jpg:large

Grin market cap:
https://coinmarketcap.com/currencies/grin/

Monero market cap:
https://coinmarketcap.com/currencies/monero/

Ethereum Is Banker Coin (Shocking Revelations):
https://www.youtube.com/watch?v=YDmwyyhpqTE&ab_channel=TraderUniversity

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I am not being paid or otherwise compensated by any company or cryptocurrency project that I mention in my videos.

My opinion is not for sale. Please do not contact me with any affiliate or advertising deals.

#bitcoin
#cryptocurrency
#monero

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