Replying to Avatar ᴛʜᴇ ᴅᴇᴀᴛʜ ᴏꜰ ᴍʟᴇᴋᴜ

I think that there is one legitimate use for shitcoins, and that's fundraising. But it's a hard and blurry mess because ultimately that's what equities are for. That leads to a majority of projects being simply a way to grift.

But they aren't all grifts. Some of them legitimately are looking for ways to create real solutions.

Bitcoin doesn't solve the publicly accessible data storage problem.

Or there would not be Nostr today.

nostr:nevent1qqsq3lw7s6txg42uhmc4j07rfztsjjhvx2shkvt429yahudx9a4hsmcpz4mhxue69uhhyetvv9ujumn0wd68ytnzvuhszxmhwden5te0dehhxarj9ehhyctwvajhq6tvdshxgetk9uq35amnwvaz7tmwdaehgu3ww35x2umpd4jkxct59e5k7tcpr4mhxue69uhkummnw3ezumt4w35ku7thv9kxcet59e3k7mf0qyv8wumn8ghj7mn0wd68ytnxd46zuamf0ghxy6t69uq32amnwvaz7tmjv4kxz7fwv3sk6atn9e5k7tcppemhxue69uhkummn9ekx7mp0qyv8wumn8ghj7un9d3shjtnrw4e8yetwwshxv7tf9uq3kamnwvaz7tmjv4kxz7fwdaexzmn8v4cxjmrv9ejx2a30qythwumn8ghj7un9d3shjtnwdaehgu3wd9hxvme086mzwh

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metamick 2y ago

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ᴛʜᴇ ᴅᴇᴀᴛʜ ᴏꜰ ᴍʟᴇᴋᴜ 2y ago

This was part of the reason this idea sprang to mind. It's basicaly impossible to really secure crowdfunding, because it is based on the people, and it only takes one scumbag in a group to start to tilt things away from a good outcome.

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