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why would anyone create a new blockchain instead of just building

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why would anyone create a new blockchain instead of just building on top of eth? a blockchain is just a work around for the cap theorem. eth abstracts the blockchain so that you dont think about it and the cap theorem just stops being a problem. you dont need alternative solutions to a problem thats already solved.

all of the shit coins that arent built on top of eth, except for bitcoin (since its a legacy chain) are just cash grabs. every single one of them can either be built on eth or will be buildable on eth shortly with zero knowledge proofs.

its like creating new hashing algorithms just because theyre popular at a given time. theres no point, just use sha256. if you want to get around the cap theorem just build on top of eth.
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>>3103009
ETH is not the most secure blockchain. Some things need to emphasize privacy and security.

Who the fuck says I want you knowing exactly how many X coins I have in my pocket wallet?
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eth is shit
dapps on NEO is the future
>>
Why would anyone create a new website instead of just building it on Wix?
>>
ETH is bloated, has shit security, uses shitty PoW, and has shady scammers that control it.
No thanks.
Also building on top something means you loose the ability to tweak the blockchain to its lowest levels.
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>>3103009
you look like paid shill
we know ETH is overvalued
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