I don't talk much about shitcoins, because I spend as little time possible thinking about them. I felt these thoughts bubbling up to the surface so thought I'd share them on Nostr.
I was seeking alternative currencies when I started using Bitcoin. During the initial wave of shitcoinery, I still had some level of interest from the "competing currency" standpoint, not at all related to pump and dump profiting. In fact, I was too naive to realize this is what they would become. Yes, I'm this retarded. š
Currently, I think of most shitcoins as a form of gambling. Gambling is idiotic and a waste of money, but that's my opinion. Some people want to do degen shit, and I'm not going to forcefully stop them.
I typically mute/block shitcoin stuff because I don't care about them. I don't waste my time looking at them, when Bitcoin does exactly what I need it to do. When people ask me my opinion on shitcoins I tell them to learn about Bitcoin and DCA sats instead.
Bitcoin is for anyone, but not everyone. I'd rather live in a world where not everyone wants to use Bitcoin. Maybe some want to voluntarily use bcash (lol) or monero. Live and let live. Voluntary money instead of forced govt fiat sounds ok to me.
To be clear:
I own no shitcoins other than two physical Lealana litecoin silver rounds that for some reason I've had since like 2013 or 2014. š Not gonna lie, they look incredible.
In late 2017 I told Blockchain(dot)com I was quitting because they were adding shitcoins after supporting the failed Segwit2x chain. I left 7 figures worth of equity on the table when I quit, as well as a salary that was 4x more than I made at any point in my life. I could have stuck around another 6 months for those shares to vest, but chose to leave because yes, I'm this retarded. š
Does this make me a "shitcoin sympathizer?" Am I not "maxi enough" because of these beliefs?
Final thoughts: are all shitcoins scams? I don't think so, but many definitely are. Which ones are scams and which ones aren't? You can DYOR & hope you're right OR you can stop playing stupid games & just stack sats instead.
I'm glad I made the right decision.
Mandrik
npub1qeā¦z82qk
2024-03-27 12:23:10
Author Public Key
npub1qex7yjtuucs6ac49kjujdgytrjsphn5a4pdscu2w3qlprym4zsxqfz82qkPublished at
2024-03-27 12:23:10Event JSON
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"content": "I don't talk much about shitcoins, because I spend as little time possible thinking about them. I felt these thoughts bubbling up to the surface so thought I'd share them on Nostr. \n\nI was seeking alternative currencies when I started using Bitcoin. During the initial wave of shitcoinery, I still had some level of interest from the \"competing currency\" standpoint, not at all related to pump and dump profiting. In fact, I was too naive to realize this is what they would become. Yes, I'm this retarded. š\n\nCurrently, I think of most shitcoins as a form of gambling. Gambling is idiotic and a waste of money, but that's my opinion. Some people want to do degen shit, and I'm not going to forcefully stop them.\n\nI typically mute/block shitcoin stuff because I don't care about them. I don't waste my time looking at them, when Bitcoin does exactly what I need it to do. When people ask me my opinion on shitcoins I tell them to learn about Bitcoin and DCA sats instead. \n\nBitcoin is for anyone, but not everyone. I'd rather live in a world where not everyone wants to use Bitcoin. Maybe some want to voluntarily use bcash (lol) or monero. Live and let live. Voluntary money instead of forced govt fiat sounds ok to me.\n\nTo be clear:\n\nI own no shitcoins other than two physical Lealana litecoin silver rounds that for some reason I've had since like 2013 or 2014. š Not gonna lie, they look incredible. \n\nIn late 2017 I told Blockchain(dot)com I was quitting because they were adding shitcoins after supporting the failed Segwit2x chain. I left 7 figures worth of equity on the table when I quit, as well as a salary that was 4x more than I made at any point in my life. I could have stuck around another 6 months for those shares to vest, but chose to leave because yes, I'm this retarded. š\n\nDoes this make me a \"shitcoin sympathizer?\" Am I not \"maxi enough\" because of these beliefs? \n\nFinal thoughts: are all shitcoins scams? I don't think so, but many definitely are. Which ones are scams and which ones aren't? You can DYOR \u0026 hope you're right OR you can stop playing stupid games \u0026 just stack sats instead.\n\nI'm glad I made the right decision.",
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