Replying to Avatar NeuronNinja

Why shitcoins are bad? Why people hate shitcoins and love bitcoins? Do they all not work on the same common principle of blockchain?

Why can't bitcoins and other coins go together, much like today's currencies?

This might be a naive question but I have no clue.

#nostr #grownostr #pleb #plebchain #coffee #coffeechain #bitcoin #sbtc #freedom #zapathon #zap #goodmorning #morning #gm
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Secretary Janet Yellen 2y ago

#Bitcoin is here to stop the money printer for good by capping the supply at 21 million coins. Shirtcoiners are trying to inflate this number and steal from people who just joined. That's why shirtcoins tend to perform better in Bitcoin bull run - many newcomers.

Just ask yourself, if everyone can create a digital scarce assets, are they truly scarce?

Bitcoin is the absolute digital scarcity. The event of discovery happened on 2009 and can't be done again. All (thousands of) the other tries ended up with a fake replica.

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NeuronNinja 2y ago

So, while BTC is limited (scarce), while shitcoins are not.

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Secretary Janet Yellen 2y ago

That's why almost every single shirtcoiner holds #Bitcoin too. It's something, nobody can create more of.

We have now about 25k shirtcoins, we will probably cross 100k within another cycle. Everyone can create a new coin and make it somehow popular, but nobody can recreate the absolute digital scarcity.