> The world only needs one base layer of money. Shitcoins are counterfeit. 

*"**Fragmentation** means that (...) [Bitcoin] cannot fulfil the social role of money. Ultimately, money is a coordination device that facilitates economic exchange. It can only do so if there are network effects: **as more users use one type of money**, it becomes more attractive for others to use it."* (Bank for International Settlements)
https://www.bis.org/publ/bisbull56.pdf