’Alternatives’ Could Rise as Bons Calls BTC, ETH, XRP, BNB, USDT ‘Mediocre’

• Justin Bons criticizes BTC, ETH, XRP, BNB, and USDT over scalability, governance, and audits.
• Debate highlights permissionless vs permissioned chains and governance centralization risks.
• Bons and others see rising opportunities for alternative crypto projects to overtake incumbents.

Justin Bons: Top Tokens Built on Mediocrity

Justin Bons, founder of investment firm Cyber Capital, reignited debate this week by calling Bitcoin, Ethereum, XRP, Binance Coin, and Tether “mediocre projects” that fail to meet the crypto movement’s goals.

Posting on X, Bons argued that these leading assets remain limited by technical ceilings and centralized governance, leaving room for more open alternatives to rise.

Bitcoin and Ethereum Still Permissionless, But Stuck on Scale

Bons pointed to Bitcoin’s seven transactions per second (TPS) and Ethereum’s ~179 TPS as evi…

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