In my opinion all alt coins are scams. Some more than others.
This is coming from someone who got away with turning $3,000 into $50,000 from trading alt coins between 2013 and 2014 (Lite, Dark, Asia, Liberty, Voot).
I still feel somewhat dirty because I know a lot of people got trapped holding the bags.
Only Litecoin used to be legitimate and Darkcoin dev had good intentions too back then.
Only invest in alt coins if you are inside trading. Never try to chase a pump. You will get rekt.
I have a different perception ... especially of darkcoin which was heavily instamined. In my opinion bitcoin is a ninjalaunch/stealthmine scam too with very bad distribution of wealth. Bitcoin basically represents the concept of "dev premines a coin with his buddies for 6 to 18 months before releasing it to the world". So let's just say ALL coins are scam, honey; not just every coin except the ones you hold. Alrighty?
On my part i see some legit alts too. I wouldn't say they are all scams. Most of them, but really not all.
I don't see why we actually even use the term "altcoins". In reality it's "cryptocurrency" and bitcoin is not special at all.
bitcoin is special because it is the first, the others are clone, bitcoin it is not
bitcoin was released to everyone, the problem lies in the people of that time that saw it as a scam or virus, they didn't trust it, not certainly a bitcoin fault
also the diff started at 1, nothing to compare with the garbage altcoins full of initial blocks with xxxxx reward and the rest at xx, or diff at 0.0001(kimoto gravity or any better variant of it can't do shit here against instamine) that had helped exclusively, rented machines from all over the place
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In my opinion bitcoin is a ninjalaunch/stealthmine scam too with very bad distribution of wealth. Bitcoin basically represents the concept of "dev premines a coin with his buddies for 6 to 18 months before releasing it to the world".
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When Satoshi released bitcoin to the world nobody gave a crap about it. That's why Satoshi and his buddies were the only early miners. There is no way I would accuse them of being scammers.
Technically it was still a ninjalaunch and stealthmine. It wasn't widely known in the early years. Now it is and thus newer coins have more early adopters and better wealthdistribution. These are simply facts.
the point stand, it was not a bitcoin fault, but a general wrong perspective, that users had at that time