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RECAP: I GOT CHALLENGED
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RECAP: I GOT CHALLENGED

Do we need Alts? Making the case for Bitcoin Maximalism!

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InvestAnswers
Dec 21, 2022
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Today’s Take

  • 7,349 is BTC’s Nakamoto coefficient

  • Top Layer 1’s Nakamoto coefficients: ETH = 34, SOL = 31, AVAX = 28, ADA = 22

  • No altcoin can achieve the Nakamoto coefficient for decentralization, distribution of nodes, and proof of work security of Bitcoin

  • Applications such as Strike on the Lightning network can make BTC a practical medium of exchange, cata…

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