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Careful on what cryptocurrency you buy, most of them are just schemes to make money for their founders

Careful on what cryptocurrency you buy, most of them are just schemes to make money for their founders

Bitcoin Reddit

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What happened with Solana yesterday, the network being shut down for many hours because of a overflow of transactions.

Solana devs created Proof of History as a way to solve scalability problem, but in reality it is a solution to a non-existent problem wich creates more problems, also Soalana founders did a massive pre mine and gained millions selling those pre mined coins.

This just show that 90% of cryptocurrencies are not secure and battle tested and can fall apart at any time, just a bunch of scammers wanting to rip off the next fool.

This would not happen on BCH, ETH or any solid blockchain.

So be skeptical when a crypto claims to do 1 gaillion of transactions per second, they are surely giving up on security to achieve this scalability and in some cases they are straight centralized.

submitted by /u/Nerd_mister
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