altcoins

That altcoins are even scammier does not somehow mean Bitcoin is free of the same problems despite being first.

Which means if you find/build another altcoin with similar capabilities, you can start exchanging testnet coins with those altcoins using the very approach you describe today.

You can certainly mine various altcoins that are still GPU mining based and see some return on it for 8K.

Most altcoins are Proof of Stake, where mining via computing hashes doesn't take place.

There are tons of altcoins, this one looks just like any other one.

That's why you mine altcoins and trade them for bitcoins.

Of note most altcoins have no monetary base caps.

This inevitably led to many bystanders speculating on the altcoins - getting distracted from the technical improvements, and focusing on whether it was a good investment or not.

I like the hybrid POW/POS (proof of stake) altcoins for increasing the energy efficiency of the network while still fairly distributing coins to miners.

Thus the Bitcoin situation, where the promise of everyone being able to mine a few coins has become a small number of Chinese mining pools; altcoins do no better.

Like other sidechains, but unlike altcoins, it...

About 2200 different altcoins were created.

Bitcoin is limited, 21 million only!" "Altcoins." "You don't need altcoins, we have sidechains!

I thought "most" altcoins were simple Bitcoin or Litecoin clones with changed parameters.

It seems odd to me that many bitcoin supporters consider Satoshi's pre-mined coins to be a personal security risk (to the tune of $200 million), but simultaneously refuse to hold that fact against bitcoin even though "pre-mined" is a common pejorative used to criticize altcoins.