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.
Discussion
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.