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Tone Vays Says There’s No such Thing as Crypto, just Bitcoin, Classifies LTC, ETH and XRP as Useless and Scam Projects
Published 7m ago via zycrypto.com
ZyCrypto via zycrypto.com
Analyst Tone Vays in what seems to be a critical comment has called cryptocurrency projects other than Bitcoin useless. In his opinion, the word cryptocurrency is not necessary as it suggests there are other cryptocurrencies apart from Bitcoin. Vays seems to have a sentiment that places Bitcoin far above any other project in the cryptocurrency industry.
In several previous tweets, he has repeatedly referred to other projects as scams. The following are a few of them:
He even blames the Bitcoin bear market on the support that other cryptocurrencies are getting from investors. Bitcoin was the first major cryptocurrency created by Satoshi Nakamoto and has since then been ahead by market cap and price.
However, is Vays right that all other projects are useless or scams? Apart from that, Ethereum the second largest cryptocurrency project brought smart contracts and dapps into the world and now Tron and others have followed suit. Therefore it is necessary to ask again, is Tone Vays right to say that only Bitcoin is an authentic project?
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