Bitcoin Magazine Podcast - Why Altcoins are Not a Threat to Bitcoin w_ Udi Wertheimer

Celo

Super Mod
Super Mod
Moderator
Jul 10, 2023
186
166
0
Click to download audio version On today’s Bitcoin Magazine Podcast,
Christian Keroles sits down with the infamous Bitcoin Twitter personality and
troll Udi Wertheimer to discuss why hard core Bitcoin faithful should not be so
worried about Alternative Cryptocurrencies. Generally speaking Bitcoiners are
very adversarial towards Altcoins and altcoiners. It is not unheard of to see
Bitcoiner’s loudly decrying Altcoins as all scams and altcoin investors as
foolish. Both Udi and Christian don't believe that Altcoins are a challenge to
Bitcoin and that they can even be helpful for new people that are not
quite primed to understand Bitcoin initially. Bitcoin is quite
unintuitive to people still operating on a fiat mindset. Udi also challenges
Bitcoiner’s by claiming they lose credibility when they continue to pretend that
some altcoins like Doge and Ethereum have not outperformed Bitcoin substantially
in 2021. Udi thinks that toxicity was much more necessary back in 2015-2017
during the Bitcoin fork wars. He now believes that Bitcoiner’s can be
much more empathetic and successful at converting new and precoiners to
Bitcoin with a less toxic strategy. The current brand of altcoins are no
threat to Bitcoin itself and if anything amplifies Bitcoin’s brand, reach and
TAM. Please listen, share and tell Bitcoin Magazine what you think of this
conversations with Udi Wertheimer. Follow Udi @udiWertheimer