Quote from: un_rank on August 20, 2023, 07:34:55 AM

It is important to note that being a coin and running on a blockchain does not give any extra legitimacy to the project. The developing team can put in a little effort to creating a crap blockchain and investing loads on marketing. This is not false advertising cause it is actually a coin but a shitty one.

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.

In your example it will be tokens and not alttokens, cause there is no top token the way we have Bitcoin and it is not an alternate version.
I am okay lumping them all as shitcoins or altcoins, cause making a distinction makes some look more valuable than the others.
- Jay -

In reading through this thread, some similar kinds of ideas passed through my head in terms of considering how much value comes from making some of the subcategorizations of the various kinds of shitcoins and the various kinds of ways to scam people in various kinds of ways that largely amount to various kinds of affinity scams on bitcoin that either make comparisons or contrasts to bitcoin, whereby bitcoin is adding most of the value - while at the same time, the various shitcoins sometimes can end up serving as real world laboratories in order that if they do happen to come up with something that might work in bitcoin and provide value in bitcoin, then it could be added into bitcoin at the base layer or at a second or third layer.

So does the difference between Coin and Token really matter in the whole scheme of things, maybe not in terms of BIGGER picture ideas, but sometimes in terms of the devils of implementing some kind of a potential non-scam feature, then how the feature functions and the extent to which it actually had been tested could make some differences to know whether it was on a token or a coin and to thereby consider the various incentives that might have played out on a scam project versus if it were to be attempted to be added to bitcoin where the incentives might already be different, and then will the scam token or coin or feature have some positive or negative affects on bitcoin and would it be able to add value.. or make money for whoever is able to implement it on bitcoin and to be able to tie it to bitcoin rather than to some having it connected to some project that has questionable underlying base layer features.