Post
Topic
Board Altcoin Discussion
Re: What Do You Guys Think About So-Called "Shit-coin" ?
by
wheelz1200
on 14/07/2021, 16:55:32 UTC
This days there are so many tokens appearing with a very large total supply, tokens like this are often called "Shit-coin/shit-token".
Many people say that this benefits the crypto world, but there are also those who say that it actually make the crypto world looks bad.

What do you guys think about this issue ?

They are called that for a reason.  Naive people step into crypto and end up losing a lot of money in these schemes only for the creators to get more bitcoin.  It only detracts new people from sustaining in crypto and the inevitable inclusion of crypto in our society will take that much longer.  Reasonaly I can see a handful of coins needed, but the thousands and thousands of clone coins can disappear off the map and it will make things much better.