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Negatives about the most popular cryptocurrencies

All Cryptocurrencies

by COINS NEWS 164 Views

BTC - Not any meaningful innovation, financial model is fundamentally flawed. No usecases besides hodling.

ETH - Struggling to switch to POS. Insanely high fees, almost unusable. Delay after delay.

BNB - Centralized shitcoin by a shady company. Most projects on Binance are scams, since most cryptos are scams.

ADA - Been hyping up their crypto for what feels like 6 years now. And here we are, still no smart contracts. Hoskinson is a manipulative salesman.

Dogecoin - Terrible tokenomics. Relies on manufactured hype to pump the price.

XRP - Centralized and the token is mostl likely not needed. Moneygram reportedly got no benefit out of using Ripple. Centralized to the core and the community defends that.

Polkadot - The whole concept of parachains is a clusterfuck and introduces more problems than it solves.

BCH - Shitcoin with barely any usecases.

Uniswap - Most of the trading volume comes from shitcoins and scams. Most cryptos are scams, especially most on uniswap. Therefore Uniswap does not have good fundamentals since it relies on cryptoscams to keep volume up. Also built on ETH which is currently fundamentally flawed.

Litecoin - Bad tokenomics, bad tech, no usecases. Devs left the project.

Solana - Centralized design. A better version of EOS. Will likely never become truly decentralized. Requires rediculous hardware, and have no on-chain governance. Also has very centralized leadership and special priviligies have been given to certain people. Tokenomics also questionable.

Chainlink - Everyone hypes it up, but nearly no one knows how it works or why the token is needed. There have been elements of centralization within chainlink, like the token distribution or development, which can be problematic.

Matic - Elements of centralization. It´s a supply for ETH. Most projects using polygon are also shitcoin scams. Will be in trouble if ETH2.0 delivers. Questionable security.

ETC - Been 51% attacked many times. Not secure and it´s slowly dying. Will be no reason to build on it. Survives on name recognition alone.

Stellar - Centralized elements. Been lots of misinformation spread by the stellar team. Tokenomics are questionable.

Theta - Does anybody even use this?

Internet computer - example of how to not distribute tokens. Basically a scam.

Vechain - Centralized chinese controlled company. Tokenomics are questionable. Will face more competition from other blockchains in the future. Not trusless, and trust is a big part of supply chain blockchain tracking.

Filecoin - Does anyone use this? Have they finished the product yet?

Tron - centralized shit run by a con man.

Shiba - Get rich quick scam. Built on a fundamentally flawed blockchain. Just a token, doesn´t even have its own blockchain. All marketing, no substance.

EOS - Centralized.

Cosmos - Pretty good, but have had big centralization problems. Some validators and people in the ecosystem have been given special privilgies.

Aave - Business model is based on lending mostly fundamentally flawed scams. The majority of cryptos used on aave are fundamentally flawed shitcoins basically.

Cryp to.com - centralized. History of shady stuff

Algorand - One of the worst token distributions in crypto that I have seen. Problems with centralization. Not the best community. Coordinated shill threads from the Algo community.

NEO - Haven´t checked in a while. But the tech is questionable and the decentralization is also questionable. Already pumped massively several times.

pancake swap - Most of the assets traded there are scams. 90% of the volume are just scams traded back and fourth.

Terra luna - Need to research this one, but it looks pretty trash and is probably centralized.

IOTA - when will they have a finished product? Been here forever and with lots of serious problems over the years.

Safemoon - Get rich quick scam with no good usecases. Only a token. Doesnt have its own blockchain.

Kusama - Testnet token of a fundamentally flawed network.

Hbar - centralized design

Tezos - Not that fast/high throughput (all though this is changing).

Nano - Lacks usecases

BAT - questionable tokenomics

AVAX: Unprofessional team. Blatant lies and just overall bad management.

Sushiswap - should be called shitcoin swap

The graph - Is the token really needed?

Thanks for reading. The number one problem is that most cryptos are not decentralized and doesn´t have a decentralized design. Bad token distribution and unproffessional teams are also widespread. Centralized design and a bad token distribution are things which are not easy to change.

submitted by /u/buddykire
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