Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
⭐ Merited by vapourminer (1)
I usually support some altcoins.. but what that guy said was madness, ponzi schemes all the way. A good sh!tcoin needs to be at least 10+ years old, have deflationary ideology, also be decentralized and to be able to work on a peer to peer offgrid trading platform. 
Is there no proper definition for all these things? Everyone seems to be throwing terms like Ponzi, Decentralized, Shitcoin et cetera over any and every Altcoin and most of the time they seem improperly placed. Is every Altcoin a Shitcoin? If not, is every Shitcoin a Ponzi? I thought Ponzi is a pyramidal scheme and I am kind of sure the mentioned ones are not pyramidal schemes? I do not praise or support the existence of all these coins, many of them are useless and just for speculation but I suggest we start defining coins correctly. Was kind of scared when I saw everyone calling CBDC's Cryptocurrencies. May turn into a very deceiving mess similar to many thinking Bitcoin makes you anonymous.
That is, unless you were sarcastic and I actually have no sense of humor.
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Regards,
PrivacyG