If you said all meme coins are shitcoins we'd have nothing to discuss further.
What IS the point of being derogatory like that? It is not truth as you can't possibly claim you have studied all projects. BSQ for example serves a clear and positive purpose, but many refuse to use Bisq because of some weird black-and-white thinking.
Money, as a concept, is not something that can be constantly reinvented. If you choose to use another product as currency to make trading/saving easier, it must have certain features. Bitcoin maximizes scarcity and the individual's control over money. We cannot accept and use 1 million currencies at the same time.
I read this as "there is an element of propagandistic misinformation in the universal 'shitcoin' label, but it is for a good purpose".
I can almost get behind that, as the purpose is indeed good. I guess I am as absolutist about truth as some are about btc. 🤔
There are worthy altcoin projects out there. I don't invest in any, bitcoin is the best candidate ATM for universal currency. I'm happy zk-snarks were invented though, and that backup options exist.
I still think the 'shitcoin' label is counterproductive.
