What ELSE is a shitcoin? (besides shitcoins) \ stacker news ~bitcoin

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What ELSE is a shitcoin? (besides shitcoins)

3771 sats \ 60 comments \ @birdeye21 11 Oct 2023 bitcoin

Look at my diversified portfolio!

https://hips.hearstapps.com/hmg-prod/images/te-1606844664.jpg

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1036 sats \ 1 reply \ @shyfire 11 Oct 2023

Diamonds

0 sats \ 0 replies \ @birdeye21 OP 11 Oct 2023

big shitcoin energy

712 sats \ 5 replies \ @grayruby 11 Oct 2023

Cities are shitcoins.

As my man Hawksley Workman said:

"It's big and shiny and improved with no room left for me to move prostrate to this unending grind sure, you'll make a lot of money, l but you'll never make time" -The City is a Drag

243 sats \ 0 replies \ @DarthCoin 11 Oct 2023

100%

41 sats \ 0 replies \ @kepford 11 Oct 2023

Cities can be great I guess but on the whole they are overrated. Some are great to visit and I get why some people love them but they aren't for me. It seems to me that there is a point at which a city begins to fall under its own weight. Seems like there is a size (not sure what it is) at which they start to fall apart. They don't scale basically. When you hit an issue like that you should build a new one some where else. Distribute the people basically. I like smaller cities a lot more than larger ones but rural is my favorite.

20 sats \ 2 replies \ @birdeye21 OP 11 Oct 2023

tokyo's pretty fkn cool tho I must say

21 sats \ 1 reply \ @grayruby 11 Oct 2023

Cities are great to visit.

316 sats \ 0 replies \ @Natalia 11 Oct 2023

yes, great to visit but not to live.

766 sats \ 5 replies \ @WeAreAllSatoshi 11 Oct 2023

Idk man I like cars lol not a good investment but certainly can be fun

10 sats \ 0 replies \ @birdeye21 OP 11 Oct 2023

Shitcoins!!!!!

I do agree tho

21 sats \ 0 replies \ @sime 11 Oct 2023

Learnt recently that in Iran people are buying cars as an hedge against inflation.

21 sats \ 2 replies \ @k00b 11 Oct 2023

well ... do the reveal ... what kinds of carcoins are you into?

649 sats \ 0 replies \ @WeAreAllSatoshi 11 Oct 2023

Sport sedans are kinda my thing. Not super into old cars, though some are cool. Really I just enjoy driving and can enjoy most anything

0 sats \ 0 replies \ @birdeye21 OP 11 Oct 2023

$oldtoyota4runners69inu

798 sats \ 4 replies \ @kepford 11 Oct 2023

You know the main reason people even consider things investments that are terrible is because they are less terrible than fiat.

I hear people say this is a shitcoin and that is a shitcoin and really they aren't. I have a car but its a tool. I have a house but its a house, not an investment. There is value in the utility of a thing. I have computers. They are shitcoins when you think about how they hold their value but if you think about them as a tool to build and earn wealth they aren't.

Calling everything a shitcoin can be fun but it also can be dumb lazy thinking. If we had a strong and sound money like Bitcoin used by a large percentage of the population you would see a drastic change in people's spending behavior. Suddenly they would be far less likely to spend their money on crap. Producers would be forced to make goods worthy of bitcoin. But thats another topic.

333 sats \ 1 reply \ @kepford 11 Oct 2023

Another thing I thought of after commenting is that many people buy many things just because they like them. This can be due to taste, wealth, or stupidity. Its very subjective. Most things people buy I do not buy. I have no desire to buy a new car. Its stupid to me. They are over priced and lose value immediately. So I buy well kept used cars. Many other examples.

0 sats \ 0 replies \ @birdeye21 OP 11 Oct 2023

i am guilty of buying things i like, pls no harm ser

263 sats \ 0 replies \ @birdeye21 OP 11 Oct 2023

100%

A lot of these "shitcoins" help you build a more productive/fulfilling life, which is ultimately what determines what's a true "shitcoin" and what isn't imo. Gotta ask how it adds value to your life

gotta shitpost sometimes tho lol, can also bring out some good gems like what you've said here

21 sats \ 0 replies \ @Natalia 11 Oct 2023

main reason people even consider things investments that are terrible is because they are less terrible than fiat.

well said, these so-called investments are a way of "spending" too, because people know their money would lose value if they don't do anything; On the contact, all we need to do is learn how to protect and well-spend our sats in Bitcoinlandia.

812 sats \ 4 replies \ @k00b 11 Oct 2023

It's an energy.

https://cdnph.upi.com/svc/sv/i/1031617732507/2021/1/16177328345130/Mans-collection-of-7095-Funko-Pop-figurines-earns-Guinness-record.jpg

https://a57.foxnews.com/static.foxbusiness.com/foxbusiness.com/content/uploads/2022/11/1862/1012/02-DJ-Khaled-Airbnb-Portrait-Bedroom-Credit-Erick-Hercules.jpg?ve=1&tl=1

https://bloximages.chicago2.vip.townnews.com/thestar.com/content/tncms/assets/v3/editorial/4/27/42776b11-36d5-5102-9305-a7cff63b6612/63ea2a962eea0.image.jpg?resize=1200%2C792

330 sats \ 2 replies \ @brianh 11 Oct 2023

Sneakers are a huuuuge one. I never understood the whole hypebeast culture

59 sats \ 1 reply \ @k00b 11 Oct 2023

It's a weird clout ("look what I got") + get rich quick ("look at my getting potential") swamp monster.

I had dinner with a childhood friend a few years ago. Her son (15) was super into it. I had so many questions. For him, it was all about The Flip - getting something rare at a reasonable price that other people with relatively impaired access would pay a lot for.

He described a world of bots buying out entire stocks of items instantly when dropped. He was even paying to use bots. I tried to convince him the real money was in creating the bots but that's always a hard sell; "hey young blood, you know what's better? getting extremely rich slowly and painfully."

Most of this stuff is just a weird status<->economic live-fire game I think.

10 sats \ 0 replies \ @southside263 12 Oct 2023

fashion
clout
flip for profit

let people live :)

10 sats \ 0 replies \ @birdeye21 OP 11 Oct 2023

this is a very good way to think about it

464 sats \ 1 reply \ @OneOneSeven 11 Oct 2023

Reddit karma, upvotes, likes, retweets (or is it re-X's now? or maybe that's Elons's name for his next kid?)

460 sats \ 0 replies \ @birdeye21 OP 11 Oct 2023

bro's naming his kids like lines of code

317 sats \ 0 replies \ @nikotsla 11 Oct 2023

Fiat

42 sats \ 1 reply \ @Zepasta 11 Oct 2023

Fiat
Stocks
iPhones
Pokemon Cards
Art "investiments"
Expensive Cars
Expensive Clothes
Expensive Shoes
Expensive Watches
Expensive Sunglasses

5 sats \ 0 replies \ @birdeye21 OP 11 Oct 2023

not my pokemon cards ser

42 sats \ 2 replies \ @DarthCoin 11 Oct 2023

latest new smartphones (crazy mania to have the latest iShit etc)
gold (except in electronic components)
jewelries
stocks, bonds, trading them in general
wars (especially those for profit)
politics
voting

21 sats \ 1 reply \ @Natalia 11 Oct 2023

jewelries can be pretty to look at tho?

21 sats \ 0 replies \ @DarthCoin 11 Oct 2023

yes could be pretty but not a real use case. I prefer to admire real flowers or nature instead some jewelries.

42 sats \ 1 reply \ @btc_boogeyman 11 Oct 2023

The Entire Surveillance Economy.

Give me your information for the convenience!

Let ZUCC make a profile with your AI Avatar.

Never mind the long term damage we do to you your children and their children!

0 sats \ 0 replies \ @birdeye21 OP 11 Oct 2023

zuccin the life outta us

21 sats \ 0 replies \ @BITC0IN 12 Oct 2023

Bitcoin Stocks Bitcoin Mining Stocks Bitcoin ETF's (IOU's)

21 sats \ 1 reply \ @rijndael 11 Oct 2023

your mom

0 sats \ 0 replies \ @birdeye21 OP 11 Oct 2023

nah shes worth more than all 21 million

21 sats \ 1 reply \ @Tjacten 11 Oct 2023

https://i.pinimg.com/originals/f5/fa/ec/f5faec92acb0aac1ab4f77a209b30287.jpg

0 sats \ 0 replies \ @birdeye21 OP 11 Oct 2023

perfect smuggle slot for the cold wallet

21 sats \ 1 reply \ @chovyfubar 11 Oct 2023

deleted by author

0 sats \ 0 replies \ @birdeye21 OP 11 Oct 2023

much deleted

0 sats \ 0 replies \ @bzzzt 13 Oct 2023

Lithium ion batteries.

0 sats \ 0 replies \ @TheBTCManual 12 Oct 2023

The shitcoin that really gets my tits up is government tenders, there are so many complete morons who spend all day long applying for every stupid thing like providing toilet paper to government buildings and charging a stupid amount for it, and governments just sign off on this because well it's not their money why should they care, they probably get kickbacks under the table from the vendor and then they claim its job creation