Quote from: OsaiEmma on August 07, 2025, 09:02:21 AM

Quote from: JayJuanGee on August 06, 2025, 10:13:10 PM

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You come off as even more arrogant to be arguing the dumbass point that bitcoin is a cryptocurrency, which many of us already know that bitcoin is a cryptocurrency, yet at the same time, there is likely no real productive purpose to convoluting terms and lumping bitcoin within this category if you don't first make sure that you understand what bitcoin is in the first place.. .so then you would have a reference point in regards to the various shitcoins and the extent to which any of them might be worthy of being talked about, depending on what point you are wanting to make about them in potentially comparing them to bitcoin.

The truth is, the reasons bitcoin is incomparable to other coins are because the owner completely renounced its right to the coin, it is completely and totally decentralized, it's contract is completely immutable, and it has a very strong base, large community/holders, good inflation prevention mechanism, and it's the oldest crypto currency ever created, heck most crypto currency started as a fork but evolved.

Through Bitcoin the Byzantine general's problem was addressed and largely resolved with a lot of creative mechanisms, like proof of work and the difficulty adjustment, which is a paradigm shifting way to transmit and store value in a digital format, which was coupled with digital scarcity within bitcoin, which ended up being implemented (and revealed) as the most sound money known to man, which seems to create questions in terms of if there can be more than one bitcoin, without some establishment that any competitor would need to be at least 10x better than bitcoin in order to incentivize value not to flow into bitcoin with the passage of time, since nothing even comes to being as good in terms of the grounds already established by bitcoin being theorized in the 2008 white paper, then put into practice in January 2009 and then tweaked at various points along the way without losing its essential characteristics.

Quote from: OsaiEmma on August 07, 2025, 09:02:21 AM

But we can't just say Bitcoin is the only thing out there, we have Etherum, which is like the mother of crypto currency, she birthed so many new Blockchain technologies, in fact, she made Blockchain technology very popular, I'd love to call binance but it is not as decentralized as I'd like, but it is still something.

If you want, you can consider shitcoins like Ethereum and/or Binance coins as if they were adding value or contributing something, but they are not. There is nothing unique about either of them that cannot be imitated by some other project, so neither of them is adding anything of value. Sure, ethereum might have had one thing going for it prior to it's transitioning from proof of work to proof of stake, but they were too retarded to understand their earlier proof of work status as being potentially valuable, even though they still suffered (and continue to suffer) from the problem of pre-mining without having any way to verify either how many coins were initially issued and/or how many currently exist. So in those regards, I have difficulties appreciating how ethereum is providing any value from the mere fact that they had made systems in which anyone and his dog can spring up some shitcoin with little to no effort.. Difficult to know how any of that is adding much if any value without a secure base layer, which bitcoin has the most secure base layer of any of the systems, so ethereum and all of the other shitcoins, both rely on bitcoin for their own security layer and they even affinity scam to suggest that they are like bitcoin and/or better than bitcoin, even though without bitcoin (or something like bitcoin upon which to secure themselves) they would have not way of surviving or being allowed to survive.

Quote from: OsaiEmma on August 07, 2025, 09:02:21 AM

What I'll personally call shitcoins are those crypto coins or tokens designed for making profit in mind, without solving any real problem but instead capitalizing only on the essence of Blockchain technology, which is creating a decentralized financial post to investors, which is just so cliche, these coins are just there to scam investors.

You are wanting to argue that some shitcoins are less shitty than other shitcoins, yet the fact of the matter is that anything that is not bitcoin or pegged to bitcoin and that is creating its own coin should be presumed to be a shitcoin... unless it can show that it is providing value.. You are free to come to your own conclusions in regards to the extent that one shitcoin or another, whether ethereum, binance or some other shitcoin is actually providing any meaningful and or significant value that justifies your putting time, money and/or energy into them as compared with putting that time, money and energy into bitcoin. I am not totally opposed to the idea of putting time, money and energy into shitcoins (or even gambling/trading with your value), yet you better be careful to the extent that you are gravitating towards putting more than 10% of what you put into bitcoin into that kind of crap.. and yeah, of course, the choice is yours to make.

One other thing, this seems to be a thread about bitcoin and not about shitcoins, so it seems to be deviating from the topic to be arguing about which shitcoins that any of us might come to believe are less shitty than other shitcoins. it is a never ending deviation from what I thought was the topic of this thread. This thread seems to be about matters related to managing bitcoin investing, so it is questionable how much shitcoin anyone might want to have in their bitcoin holdings or in their conversation about their bitcoin investment strategies.. and personally I suggest no more than 10% of the size of you bitcoin investment to be allowed for shitcoins and/or trading (which means no more than 10% of your time, energies and attention directed at that also), yet guys can come to their own conclusions regarding how much they are willing to be sidetracked by presumptively crap divergences like shitcoins and/or trading whether Ethereum, Binance coin or some other shitcoin that you might believe might possibly have some value or maybe short-term pumpamentals.

Quote from: Tonimez on August 07, 2025, 10:42:49 PM

Quote from: Humblevirus on August 07, 2025, 09:20:08 PM

Quote from: JayJuanGee on August 06, 2025, 10:13:10 PM

Quote from: Tonimez on August 05, 2025, 08:55:19 PM

I think the right classification should be; 1) Bitcoin and 2) other cryptocurrencies which comprises of the altcoins and the shitcoins. This would allow a beginner understand the difference and judge accordingly.

I thought that anything that was not bitcoin is a shitcoin. What is the difference between altcoins and shitcoins? are you trying to say that some altcoins are not shitcoins?

Of course, any cryptocurrency that is not Bitcoin is called an alternative coin, and either memecoin or shitcoin, they are all classified as alternative coins, which is shortened as altcoin. But the truth is that some people are just deceiving themselves, trying to differentiate and call some altcoins shitcoins or memecoins, but the truth is that there are no differences as far as it’s not Bitcoin. The painful thing is that some people believe and are deceived by the differences some people try to put on alternative coins. But even they are trying to differentiate them the same way. Even FTX coin, which was considered a good alternative coin back then, why is the coin now? So, any coin apart from Bitcoin, I don't think it's worth investing in, at least for me.

You're right with this your description. Coins are better split into bitcoin and altcoins of which greater percentage of the altcoins are shitcoins. To me I see shitcoins as those coins that have extreme volatilities that can run down to zero in days, there's nothing to benefit there and they better not invested in. Most of them are derived from Airdrops and crash nearly hours after listing.

Altcoins are less extreme with volatility as they pass through periods before it's final disappearance. Coins like the Ethereum may not be classified as shitcoins even though it does not guarantee any long term returns. Bitcoin is independent and whole, so we can also see it as the only worthy coins to invest in. Bitcoin is a great asset that gets better daily.

You are largely trying to proclaim that some altcoins are not shitcoins, including your mentioning of ethereum as if it were not a shitcoin, which comes off as nearly unbelievable, even though surely there are a lot of folks who compare ethereum and some various other shitcoins as if they were similar or better than bitcoin.

There have been some who have somewhat accurately characterized Ethereum as "the mother asshole from which many other shitcoins had derived themselves" (referring to Saifadean Ammous)... So it becomes unclear how an shitcoin like ethereum would escape its shitcoin status merely based on market cap? or what? Many of us would recognize and appreciate that ethereum has never had any way to verify its supply, and so that continues to be a problem that is even made worse by the fact that no one knows the quantity of ethereum that exist out there, including those issued in the beginning (like a premine), which also leaves the door open to ongoing creation of new supply without any real and/or meaningful abilities to know how many more are being created now or will be created in the future. If that is not reflective of an almost total scam, then you seem to be delusional in your choice to either gloss over those kinds of facts or that you have not looked into ethereum enough to recognize that basic part of its various bullshit smoke and mirror presentations of itself as if it were some kind of an amazing decentralized project that can even come close to comparing with bitcoin, when it is not... even though it ongoingly depends on the success of bitcoin for it to keep the appearance of it having value...and yeah, a lot of dumb fucks believe it because they are either glossing over the facts and/or failing to actually look into the facts related to ethereum's supply obscurities and manipulations.