The "big lie" behind altcoins

Leo Zhang

By Leo Zhang

Binance, one of the largest cryptocurrency exchanges by volume, has listed a coin with known vulernabilities, which allowed attackers to mint an unknown number of excess coins:

... For understandable reasons, the narrative around bitcoin alternatives is becoming more cynical:

Crypto's big lie
(Parker Thompson)

"This is crypto‘s Big Lie. And it’s seductive. You too can get rich like venture capitalists (though consider a higher bar since you don’t get management fees on your crypto bets)."