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100 sats \ 0 replies \ @Brunswick 11 Jul 2022 \ parent \ on: I am moving over from Twitter bitcoin
I'm going to step on a beehive with this one, but I think it needs to be said.
I don't necessarily think shitcoins are all bad. After all, manure is useful for fertilizing your fields. I won't pretend that shitcoins are anything worth HODLing or that they are a threat to bitcoin, they are certainly a distraction, but the shitcoins serve a purpose other than enriching devils and pandering to FOMO.
The purpose of shitcoins in the larger scheme of things is to explore a new idea and new technologies built around blockchain, to 'flesh out' the alternative designs and provide a means by which to solidify ideas which could be incorporated into bitcoin as the need arises.
With regard to trading in shitcoins, there are many maxis that argue you are immoral for doing so. Lets take my case of having a bag of dogshit coins from many years ago that one certain BS artist wants to promote because he thinks he's being funny. When they went to nearly $0.75 I offloaded them faster than you can squish on a bag of flaming dogshit. Was it immoral for me to do this? Am I promoting the shitcoin scams by selling them? A purist might say I should have sent all of them to a burn address or deleted my keys, I say no.
Why is it moral to sell your bags of shitcoins? The same reason its moral to sell your grandmother's 5ct diamond ring, because I don't have any use for it but someone knows someone that does. Why do people want gold bars? Could it be they want to melt it down and use it to sputter on a semiconductor? Probably not, but maybe and the gold bar stacker is competing for the same gold as those in Austin wanting to build a semiconductor fab, so me selling it to a dealer who will probably sell it to a stacker isn't immoral because its none of my business. The pure act of selling it says enough, that you don't want or need it. Why do you need to convince everyone else they shouldn't want it? Some people only learn the hard way, and why should they believe you when you look exactly like just another crypto-pumper?