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Max Keiser dismisses altcoins as 'centralized garbage'

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by Giorgi Kostiuk

a year ago

  1. Max Keiser's Statements
  2. Bill Morgan's Response
  3. Divisions in the Crypto Community


    4. Crypto lawyer Bill Morgan has rebutted Max Keiser’s statements dismissing altcoins as failed projects destined for doom.

    Max Keiser's Statements

    In a post on X, Bitcoin maximalist Max Keiser slammed popular altcoins like Ethereum (ETH), Cardano (ADA), Solana (SOL), and XRP, calling them 'centralized garbage' headed for failure. Keiser stated, 'ETH is centralized garbage that will continue heading to zero against Bitcoin. Same for ADA, SOL, XRP, and 20,000 other shitcoins.' He also claimed that any cryptocurrency that is not BTC is a worthless security. Keiser added, 'Bitcoin is the only truly decentralized and secure cryptocurrency.'

    Bill Morgan's Response

    Bill Morgan, a lawyer specializing in cryptocurrency, countered Keiser’s statements by citing U.S. court rulings that distinguish assets from transactions. He noted that courts do not consider all altcoins worthless or illegal securities as Keiser suggests.

    Divisions in the Crypto Community

    The debate between Keiser and Morgan reflects growing divisions in the crypto community over the legitimacy of altcoins. Some users support the notion that Bitcoin is the only true cryptocurrency, while others believe that various altcoins also have their unique benefits and potential.

    The discussion between Max Keiser and Bill Morgan highlighted the strong divide within the crypto community regarding altcoins. While some see altcoins as unreliable projects, others recognize their potential and unique features.

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