"The damage that has been done to BTC by all the shitcoinery is huge"
Well said. If you have no emotions, but rather rational approach only - there is no toxicity, but merciless truth. Would anyone say that BIS is toxic? No, BIS can't have emotions, only pure, rational statement:
"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." https://www.bis.org/publ/bisbull56.pdf
Shitcoins are cancer, because they irrevocably waste people's resources and only make them toxic against whole this shitcoin clown show, and Bitcoin by the way.
"The damage that has been done to BTC by all the shitcoinery is huge"
Well said.
If you have no emotions, but rather rational approach only - there is no toxicity, but merciless truth. Would anyone say that BIS is toxic?
No, BIS can't have emotions, only pure, rational statement:
"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."
https://www.bis.org/publ/bisbull56.pdf
Shitcoins are cancer, because they irrevocably waste people's resources and only make them toxic against whole this shitcoin clown show, and Bitcoin by the way.