Quote from: hatshepsut93 on August 19, 2023, 10:41:10 PM

I think newbies are aware of the dangers of shitcoins and tokens, but the problem is that they tend to think that they are investing in "good project".

Most of them, newbies or not don't even care about that, they make just a bit of inquiry to invest in an actual token that will be launched at least and then put a bit of money into each of them, spreading their bets. They have learned the hard way that 90% of them will flop but they strongly believe out of the hundreds of tokens there will be one that does x1000 at least during a pump if not constant and that alone will make for all the losses and earn a bit of profit.
Probably the majority has learned that the crypto space is impossible to predict, you might have a great idea but go public at the worst time possible, you might have a solid concept but it lacks traction, you get those right and when everything seems fine the launch is a fiasco so, again probably, most are just tired of analyzing each one of them and details or have already gone crazy for doing so!

But I will add that few really care about the difference between token and coin, the driving factor here is the revenue, and with shiba inu and doge turning from meme coins into quite profitable investments if you knew when to buy, it's less about the technical behind the coin than the hype potential in it.

Then again, I'm wondering what would be the ratio of launched crypto nowadays, tokens/coins?
I would be a bit surprised if it's not something like 10:1.

Quote from: 1miau on August 19, 2023, 03:25:55 PM

So, for the sake of accuracy, these products are called "Alttokens" instead of "Altcoins" as long as they are still a token. The popular term for such products would then be "Shittoken" instead of "Shitcoin" accordingly.

Won't the term alttoken imply that there is an original token, much as Bitcoin, a legitimate first one that somehow is fundamentally different than the rest?