They are only shitcoins if you consider the corresponding fiat to also be crap. Despite the faulty economics behind USD (& other fiat) and the mathematical inevitability of it behind severely devalued at best and hyperinflated at worst, we still need dollars. This isn't just from a legal standpoint of taxes and trade contracts, but practically speaking, the dollar is still the most widely recognized and accepted currency by merchants. In my opinion, this choice is just a development that needs to be monitored by individuals going forward, the same way that states do so.
They are only shitcoins if you consider the corresponding fiat to also be crap. Despite the faulty economics behind USD (& other fiat) and the mathematical inevitability of it behind severely devalued at best and hyperinflated at worst, we still need dollars. This isn't just from a legal standpoint of taxes and trade contracts, but practically speaking, the dollar is still the most widely recognized and accepted currency by merchants.
In my opinion, this choice is just a development that needs to be monitored by individuals going forward, the same way that states do so.