BTC (layer 1) = Store of value
ETH = smart contract blockchain
USDT = terrible sham
BNB = centralized currency
USDC = smart contract stablecoin
XRP = centralized currency
ADA = smart contract blockchain
LUNA = smart contract blockchain
SOL = centralized smart contract blockchain
DOT = smart contract oracle
AVAX = smart contract blockchain
BUSD = centralized smart contract stablecoin
DOGE = a joke
UST = smart contract stablecoin
SHIB = a joke
WBTC = smart contract store of value
CRO = centralized currency
MATIC = smart contract blockchain
DAI = smart contract stablecoin
STETH = staked smart contract currency
LTC = store of value
HBAR = centralized smart contract blockchain
LINK = smart contract oracle
BCH = decentralized currency
The whole point of the idea of cryptocurrency was to be a decentralized currency. We also don't need dozens of smart contract blockchains, which except for ETH are all inflated because of investors hyping for the "next big thing". BCH, and XMR aren't worth much and that's because it's not a store of value, it's a working currency 🙂 the only acceptable way to "invest" in it is to spend it for goods when it's a higher price.
I wrote this thread to educate twitter users who denounce BCH.
submitted by /u/DrankTooMuchTequila
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