Do Shitcoin People Even Exist? \ stacker news ~bitcoin

130 sats \ 9 comments \ @tomlaies 27 Mar 2023 bitcoin

I know nobody that owns shitcoins. No outspoken celebrity actually believes in Ethereum or Solana or whatever trash there is out there. With stock market people they do mention Bitcoin alongside gold ... they talk about silver and copper or zinc but never about shitcoins.

Decentraland has like a few dozen people online. Most NFT sales like Beeple or Melania Trump or Apes turned out to be wash sales or low volume pumps to fuel scams.

Are there actually people that are enthusiastic about shitcoins? Or are they just literally bots and a few people with dozens of accounts? If so, how would we find out? Maybe all of this is fake. Maybe people gambling on coinbase outnumber the actual people like 100:1 or something?

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5 sats \ 2 replies \ @takaponka 27 Mar 2023

I know some, they just buy on an CEX get rekt and keep going. For them it's same as betting at sports But they never use the "tech" of course

0 sats \ 1 reply \ @tomlaies OP 27 Mar 2023

I don't mean people who gamble on exchanges. I mean REAL users. I think they actually do not exist.

10 sats \ 0 replies \ @brxyz 27 Mar 2023

They don't exist. It's not 2017 any more. No one (serious) is trying to build the next Bitcoin. The vast majority of the crypto community has moved on from "cryptocurrencies" to "utility tokens". People have moved on from projects like Litecoin, Vertcoin, and even Bitcoin Cash to projects like Filecoin, Gridcoin, and Helium where the purpose of these tokens isn't to replace money like Bitcoin (and its many failed rivals), but to create incentive structures to support and sustain whatever decentralized solution they've built (cloud storage, computing, and cellular network, respectively for the aforementioned examples).

I'm painting with broad strokes here, or course. But everyone I've talked to that's working in crypto and isn't a CEX trader, this is basically where they're at. They hold bitcoin, and they're all open to a future where goods (and their tokens) are priced in BTC.

5 sats \ 1 reply \ @doubleplusgood23 27 Mar 2023

I know a guy who's doing ETH dev. Brilliant dude and he seems very passionate about it. I consider myself somewhat technical and I can't make heads or tails what he's working on though, seems like a lot of the web3 is mostly marketing or solutions looking for a problem.

0 sats \ 0 replies \ @brxyz 28 Mar 2023

solutions looking for a problem.

Yup. And then they end up just turning it into another defi protocol.

0 sats \ 0 replies \ @TheL0wner 31 Mar 2023

the only people I know that are enthusiastic about eth and the like are people with a high profit motive. mostly early investors in various defi / staking options.

the xrp crowd strikes me as the worst of the lot, a shitcoin literally created as a bankers tool.

0 sats \ 1 reply \ @spraveenitpro 27 Mar 2023

I have a colleague who keeps talking about "flippening" never got that till I looked it up!

3 sats \ 0 replies \ @fiatbad 27 Mar 2023

It sounds like your colleague needs to look a few things up too.

0 sats \ 0 replies \ @IHL 27 Mar 2023

I know a couple people who keep flipping NFTs trying to increase their ETH holdings. One of them seems to think they will be huge in the future. I guess that counts.