Yeah, I get that... But, there is Bitcoin and then there is Crypto... They are not the same 👍
Discussion
I wonder, why? The concept of crypto originated from Bitcoin. There wasn't another crypto for years. The next one was NEM (XEM) but the second serious was the Ethereum. And so on. Some coin (shitcoins as shitckins on Nostr, e.g. memecoins), tokens (Ethereum is not coin but infrastructure token, but there are utilit, tokens,), summarized as "assets")
It's not just memecoins that are Shitcoins.. 99% of Crypto (including Eth) are Shitcoins.
They are pre-mined/minted, which means they appear from thin air and have nothing going into them. Bitcoin is mined, and at every halving it takes more resources (time and energy) going into Bitcoin to make more Bitcoin.
Most Shitcoins have a 'Foundation' or Dev team that keep a large portion of coins/tokens at mint, it is just a cash grab, a way for them to get paid.
These Foundations or Development teams are the ones that make all the decisions on these coins/tokens, making them absolutely centralised.
This is not me telling you to not buy them, you can absolutely make a lot of money buying them on the bear market and selling them in the bull market.
Just don't think that any of them are going to get anywhere near the level of Bitcoin.
Understand, but don't agree. Many coins are mined not minted (Eth was not PoS, Etc remained PoW). BCH is PoW and it is a fork of BTC. XMR are mined. So these are examolples of PoW. XMR and many others are the same as BTC regarding decentralizasion. So there is no Foundation behind them. Eth has a Foundation, it's ok. But if you want to look after the BTC, only 5 person has the admin right of the source code. And there is a couple of developer decides what BIP will be the part of the next improved protocol, and what BIP will be ignored. See the Bitcoin soft fork and hard forks in 2017, eg BTC-SV, the mentioned BCH and so on. On the other hand there is no foundation behind XMR, Zcash, Litecoin, Dash. These are coins. Other assets, mainly utility token works with a company behind, but there is normal, because these are utility tokens (e.g. Ripple XRP, Stellar Lumens XLM and so on). And infrastructure tokens have companies or fundations behind. Because these tokens provides services. Some others has not any foundation behind (ETH forked ETC for example). But remember DAO's too (and the first DAO hacker 😁).
And in the other hand PoW is vulnerable too. See e.g. 51% attack. The Chinese mining farm already has 51% (even Antpool and F2 pool belongs to the same company, the Bitmain). If the Chinese wants, changes the lrotocol as they want and you can not do anything against them. So your BTC can worth zero if somebody wants to exploit the 51%. And you can count many other vulneabirities.
So please do not forget these things when you say BTC is a full freedom, and other assets (not only) doesn't provide freedom and these are shitcoins just because not Bitcoin.
Oh, I 💯 agree there are some excellent coins out there in the 1%... you mentioned Monero, which I think is an amazing coin.. decentralised, fully anonymous and also mined, the FBI have had a bounty out to crack that coin for years. Also the folks you mentioned all improve on bitcoin (on its own) weeknesses in some way.
Like I said, buy these coins, use these coins, speculate on these coins.. just don't hold them thinking they are going to be the next bitcoin. Bitcoin with the Lightning network has the global exposure that no other coin will get. Bitcoin is King and always will be in my humble opinion 🫡
Mining doesn't bring value. It wastes resources. Turning a Lamborghini into trash costs a lot of resources. That doesn't mean that the trash is more valuable now. Bitcoin is trashed cpu time and energy. Ethereum and some other coins use resources instead of trashing them. But the market price will be dictated by trust and hype, not real value, and that's what you are trying to do hyping Bitcoin by trash talking coins with utility. Nostr won't have a future if people don't stop turning this into a Bitcoin investor echo chamber. I failed to convince a lot of people to give it a try thanks to this.
What is the 'utility' of these Shitcoins you speak of?