81 sats \ 1 reply \ @jk_14 10 Aug 2023 \ on: A call to toxicity bitcoin
"The damage that has been done to BTC by all the shitcoinery is huge"
Well said.
If you have no emotions, but rather rational approach only - there is no toxicity, but merciless truth. Would anyone say that BIS is toxic?
No, BIS can't have emotions, only pure, rational statement:
"Fragmentation means that [Bitcoin] cannot fulfil the social role of money. Ultimately, money is a coordination device that facilitates economic exchange. It can only do so if there are network effects: as more users use one type of money, it becomes more attractive for others to use it."
https://www.bis.org/publ/bisbull56.pdf
Shitcoins are cancer, because they irrevocably waste people's resources and only make them toxic against whole this shitcoin clown show, and Bitcoin by the way.
BIS = Bank for International Settlements
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