Sure, you can do Everest that way too (and then it is indeed very difficult) but that's not what we're talking about.
Altitude is certainly a challenge, but acclimatization takes out a lot of the difficulty. I actually had a harder time on Cotopaxi than on Chimborazo despite the altitude difference because I had 8 days of acclimatization in between.
It's also worth noting that a lot of Everest climbers have sherpas carry oxygen tanks up for them.