there is Bitcoin (not owned by any single entity) and then there is everything else. Other “coins” are owned by corporations that can make decisions about it and change it to some extent. These are extremely risky.
What? Just ridiculous misinformation. Every coin but BTC is owned by corporations? Huh?
Personally, I’m not aware of any other coin that is not connected to a person or company. Can you name me a few? Note that coins like ethereum has clear central ownership and are not developed by community itself.
Tomorrow, ETH founder Vitalik (I think that was his name?) could tweet that he has taken a side in Israel-Palestine conflict, potentially angering good portion of ETH user base and dropping it’s value.
True, controlled by corporations or individuals except a few. XRP is an example of a coin that could be drastically changed and the coin owners would be left in the cold.
What? Just ridiculous misinformation. Every coin but BTC is owned by corporations? Huh?
Personally, I’m not aware of any other coin that is not connected to a person or company. Can you name me a few? Note that coins like ethereum has clear central ownership and are not developed by community itself.
Tomorrow, ETH founder Vitalik (I think that was his name?) could tweet that he has taken a side in Israel-Palestine conflict, potentially angering good portion of ETH user base and dropping it’s value.
Monero?
True, controlled by corporations or individuals except a few. XRP is an example of a coin that could be drastically changed and the coin owners would be left in the cold.