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0 sats \ 0 replies \ @DeezSats 31 Oct 2022 \ on: Will Taro bring shitcoins to Bitcoin? bitcoin
Shitcoins are such because at least one of:
- Premine scam
- Poses as decentralized when it's not
- Purports to solve problems that it doesn't
- Ponzi scheme
- Promoted as better than bitcoin
It will be a lot harder to create a shitcoin on top of bitcoin, as the incentives are not there. Bitcoin promotes honest business, a seeming rarity in clown world.