Shitcoins are ‘garbage’: Bitcoin-only brokers on freedom and finance
In Europe, “Bitcoin only” is a growing trend, as more and more consumers and companies are hardening their resolve that Bitcoin (BTC) is the only digital asset worth holding.
Bitcoin-only exchanges and brokers are places to stack sats, not “gamble” on Ether (ETH), or trade “garbage” that looks like “venture investments.”
That’s according to the CEOs of major Bitcoin-only exchanges and brokers, including CoinCorner, FastBitcoins, Relai, Bittr, Pocket Bitcoin and Bitcoin-lyon. Cointelegraph spoke to the CEOs and founders of these European Bitcoin brokers to find out why they are Bitcoin only, and why you should build a company on this conviction.
Firstly, according to Danny Brewster, CEO of FastBitcoins, “Bitcoin is our only hope of separating money and state; it is the one opportunity that we will have to accomplish such a feat.” It’s a once-in-a-generation — perhaps, lifetime — opportunity to pry the money printer from the government’s hands.
Julian Liniger, CEO of Relai in Switzerland, builds on the notion, adding that Bitcoin is incomparable: “It is the only asset that is truly decentralized — i.e., has no leader or leading team — and, therefore, truly uncensorable and unseizable.”
Indeed, “digital scarcity can only be created once — i.e., the state of the world where no working cryptocurrency existed in 2008, can never be recreated, simply because Bitcoin exists today,” Ruben Waterman, CEO of Switzerland-based but Dutch-led Bittr, told Cointelegraph.
Brewster explains that for every new digital coin post-Bitcoin that is created, there is an inherent risk of government intervention:
Jimmy Chambrade, co-founder of Bitcoin-lyon — the only exchange in France where you can buy Bitcoin with paper money — highlighted that
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