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psztorc committed Oct 1, 2023
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Expand Up @@ -66,7 +66,7 @@ Most Alts are scams -- especially the famous ones.

But many Alts were created by diehard Bitcoiners, out of exasperation:

* Vitalik Buterin was [the first co-founder of Bitcoin Magazine](https://en.wikipedia.org/wiki/Vitalik_Buterin#Bitcoin_Magazine). He wrote [100% about Bitcoin](https://bitcoinmagazine.com/authors/vitalik-buterin) for years -- I personally recall him living out of a tent because he was paid only a tiny amount. His concept [of Turing Complete script](https://bitcointalk.org/index.php?topic=428589.0) was [met with contempt by the Bitcoin community](https://bitcointalk.org/index.php?topic=431513.0), [including me](https://www.truthcoin.info/blog/contracts-oracles-sidechains/). It could not possibly have been brought to Bitcoin (not without Bip300). So instead he did a heavily pre-mined Altcoin. It was shady at the time, and still is. Nonetheless, today it has [more paying customers than BTC](cryptofees.info).
* Vitalik Buterin was [the first co-founder of Bitcoin Magazine](https://en.wikipedia.org/wiki/Vitalik_Buterin#Bitcoin_Magazine). He wrote [100% about Bitcoin](https://bitcoinmagazine.com/authors/vitalik-buterin) for years -- I personally recall him living out of a tent because he was paid only a tiny amount. His concept [of Turing Complete script](https://bitcointalk.org/index.php?topic=428589.0) was [met with contempt by the Bitcoin community](https://bitcointalk.org/index.php?topic=431513.0), [including me](https://www.truthcoin.info/blog/contracts-oracles-sidechains/). It could not possibly have been brought to Bitcoin (not without Bip300). So instead he did a heavily pre-mined Altcoin. It was shady at the time, and still is. Nonetheless, today it has [more paying customers than BTC](https://cryptofees.info/).
* Roger Ver poured his time, money, heart, and soul into Bitcoin. He and other largeblockers tried for years to achieve a LargeBlock Bitcoin, but failed. Again, this left them with no other choice but to join with BCH when Amaury created it in 2017.
* Riccardo Spagni, cultural leader behind Monero, gave a 2 hour long interview on [Bitcoin Uncensored](https://www.resistance.money/bu/). During it he was adamant that he did not want to create an Altcoin, but what could he do instead? He wanted additional privacy via ring signatures. Ultimately, we all agreed that there was nothing else he could have done. After all there was no Bip300 at the time.
* Jeremy Rand, leader of the Namecoin project, [wrote explicitly](https://forums.whonix.org/t/namecoin-integration-in-whonix/11498/3) on why he could do Namecoin on Bitcoin: "no one has figured out how to make it work"
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