This isn’t a shitcoin it’s an investment opportunity. Pay BTC to Blockstream they take your money give you a token to prove you paid in and then take the BTC you gave them to buy ASICS at the super cheap prices they are at now. They charge a fee for overhead (storage, taxes, management) if/when the price of ASICS rise they will sell them into the market and pay you out in Bitcoin.

Nothing about this is a shitcoin it’s bitcoin finance all the way. To prove you have ownership in the pool they tokenized it. That is all. Instead of using a fiat brokerage that “holds” the shares of a company you buy.

Can some1 TL;DR ?

so a shitcoin

Whew ... I was worried the price of the note would prevent normies from giving it a try.