It’s interesting to me that most Bitcoin maxis don’t view Monero as a shitcoin, but as the only mildly tolerable privacy coin.
Discussion
I think altcoins have a place in keeping Bitcoin accountable. If Bitcoin fails to develop and incorporate valuable features it will lose ground to them. If an altcoin develops a genuine advantage, the features ought to be adopted by Bitcoin. The altcoin will then lose value as the network effect of Bitcoin wins out.
Its a tolerable shitcoin
It might be the 'emergency backup plan' if all hell breaks loose 👀
Calling something a shitcoin accomplishes nothing. Can you convert your observation into a trade?