While I’ve decided on, maybe, a less vocal path when it comes to who specifically deserves blame, I absolutely relate in frustration and actually have a theory: shitcoins are, to date the most successful ongoing attack against Bitcoin and it’s network.

It redirects inflows of capital away from Bitcoin and thus, by virtue of absence, lessens the potential security of the only truly decentralized digital asset.

Secondly, as the name altcoin implies, it creates a separate network (and it effects). This sounds repetitive of the first point but in addition to that siphoning, shitcoins use and weaponize the power of ignorance among people. Relying on half truths, fud, disinformation and false narratives to not only capture market share but rugging that capital away from those who haven’t learned the most basic, core tenants of Bitcoin; specifically “Don’t Trust. Verify.”

So while shitcoin sympathizers are indeed the face and capital behind the “movement”…they are patriots and puppets of the VCs and “developers” who DO know that Bitcoin is the technology and revolutionary disruptive innovation that carries the promise of sovereignty.

It’s they that look at this tool of freedom and see a path to greed and manipulation.

Opportunists. Every last one.

#plebchain