Why Nostr? What is Njump?
2023-01-31 03:02:03
in reply to

npub1sc…ezcgq on Nostr: Shitcoins are affinity scams made to resemble bitcoin, but are usually pre-mined so ...

Shitcoins are affinity scams made to resemble bitcoin, but are usually pre-mined so the founders can dump on their holders, or staking so people can't cash out while they run off with people's "investments", or maybe they offer "features" like Turing-complete coding on the base layer, a provably ridiculous idea, or they're somehow "greener" or "faster" than bitcoin, but really they're just centralized and prone to censorship or attacks from multiple vectors. They keep coming up with new reasons why they're "better" than bitcoin, and every cycle they die off and new ones appear like a herpes flare-up. There can't be 20,000 better bitcoins.
Author Public Key
npub1scsm8fwr8ka6ezfyync0p4kflcsy3t4edw2uzyq0vy2pxza05sxqaezcgq