"What problem do altcoins solve?"

Securities law typically protects the public from scam artists selling fraudulent equities, but the novelty of #cryptocurrency has created an ambiguity runway now being exploited in a gold rush of deception.

Shitcoins represent the exact type of theft that #Bitcoin Maximalists are trying to eliminate.

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No time for that nonsense, but isn't it just another silly game?

It's an asymmetric game where insiders are gauranteed to steal most of users' holdings while letting a small group profit to deceive the rest.

Yep..😆

Are you suggesting that bitcoin maxis can do a better job at SEC'ing then the SEC?!

The stronger the narrative for #Bitcoin becomes the more families are able to skip ahead of shitcoins entirely.

Because these projects feed on greed, even #Bitcoin won't be able to stop folks from giving these scam artists their money.

I'm with you 1000%. I was being (perhaps inappropriately) facetious. I was watching the Swan guys shout scam at FTX, while FTX was having brunches with the sec type.

Altcoins are solutions in search of a problem.

They are solutions to the problem of startups wanting to exit on the public without delivering functioning ventures.

Basically a shortcut for Grifters.

Many startups steal money from LP funds and the public by playing the long game and exploiting laws and norms.

Crypto gets rid of all this red tape.

Ayer decían unos nfteros “es un mal necesario”

Vaya argumento tan mediocre. Si no son descentralizadas y limitadas, es un scam.

El tema es que necesitamos un market place con sats