Earlier quoted context omitted.
Meltdown is a Variant of Spectre this isn't how Intel classifies it, this is how Google Project Zero, and heck even Intel's competitor AMD classifies it. https://www.amd.com/en/corporate/speculative-execution https://googleprojectzero.blogspot.co.uk/2018/01/reading-pri... It's also not the scariest variant, it's easily fixed (performance degradation aside), doesn't require a microcode update to be fixed hence is 100%…
Meltdown is not a variant of Spectre. Spectre itself has two variants. And Meltdown was the easiest to exploit. Spectre is "bad" because it affects everyone, but it's less exploitable than Intel's Meltdown.
Meltdown is the easiest to exploit and the easiest to fix it’s also the least scary one as far as compromises go.