Prominent cryptocurrency trader, Tone Vays, took to Twitter to criticize every cryptocurrency projects that are not Bitcoin and labeling them as scams.
According to Tone Vays, honest PoW (Proof Of Work) blockchains such as Litecoin and Monero[XMR] are not scams but rather a waste of time. And centralized blockchains or PoS based blockchains such as Ethereum and XRP are outright scams. He even criticized ICOs such as BNB, EOS, and Cardano (ADA).
Tone Vays tweeted,
He attacked Ethereum further by stating that his uncle who has been a truck driver for over 40 years has been more useful to the society rather than an Ethereum developer. According to him, Ethereum developers are just wasting their time working on Ethereum.
Tone Vays is pro-Bitcoin and has been trading since 2013, well before many other cryptocurrency projects were conceptualized. An economist, he was one of the first few people to recognize the long term potential of Bitcoin.
Discuss this news on our Telegram Community. Subscribe to us on Google news and do follow us on Twitter @Blockmanity
Did you like the news you just read? Please leave a feedback to help us serve you better
Disclaimer: Blockmanity is a news portal and does not provide any financial advice. Blockmanity's role is to inform the cryptocurrency and blockchain community about what's going on in this space. Please do your own due diligence before making any investment. Blockmanity won't be responsible for any loss of funds.
Why Are Gaining Buzz Right Now The crypto market is heating up again. Bitcoin prices…
Why Shocks the Web3 World In a surprising turn for the blockchain space, Dmail, the…
The crypto market has entered a quiet phase this weekend. After days of ups and…
Connecticut Seizes $600K in Crypto from Fraud Ring: A Major Win Against Digital Scams In…
Blockchain Broadcast Revolution: How Decentralized Tech is Transforming Streaming and Gaming Imagine a world where…
Ethereum has ruled the crypto world for years. But lately, its shine is fading. High…