Just watched a recent interview of Joe Consorti with @passiveincomeinvesting.. It was kinda funny at the end. It was like it was the first time the host had ever heard that shit coins have no actual use case ( besides extracting money from degenerate gamblers or simply uneducated people).
Something so glaringly obvious if you just take two minutes to actually look into it,, but yet is such a subtle concept to so many people blows my mind. I don't understand how people don't realize that shit coins are just central banks digitally rebranded with different shareholders sold as "bitcoin with extra bells and whistles".
Ironically, the exact thing bitcoin was created to escape from are the exact thing that shitcoins symbolize: trust in humans to be honest when given a monopoly over the creation and issuance of a currency. If you have a genuinely good idea that solves people's problems and you want it to actually last, build it on bitcoin. If you're just trying to grift people out of their money in the short term, by all means create a shit coin.
Something so glaringly obvious if you just take two minutes to actually look into it,, but yet is such a subtle concept to so many people blows my mind. I don't understand how people don't realize that shit coins are just central banks digitally rebranded with different shareholders sold as "bitcoin with extra bells and whistles".
Ironically, the exact thing bitcoin was created to escape from are the exact thing that shitcoins symbolize: trust in humans to be honest when given a monopoly over the creation and issuance of a currency. If you have a genuinely good idea that solves people's problems and you want it to actually last, build it on bitcoin. If you're just trying to grift people out of their money in the short term, by all means create a shit coin.