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10 sats \ 8 replies \ @ama 8 Dec \ parent \ on: One year later: so why do people ****coin? bitcoin
But doesn't make any sense. Why... do it?
Because they can. I wouldn't do it myself. But I very much value that others can do whatever they want and nobody can prevent it. Bitcoin is wonderful.
They need permission to do it on Solana or Ethereum for they are centralised, so they might prefer to use a truly decentralized and permission-less network like Bitcoin or Litecoin.
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61 sats \ 7 replies \ @teemupleb 8 Dec
Creating shitcoins on Ethereum and Solana is permissionless.
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0 sats \ 5 replies \ @ama 8 Dec
It is not. If their owners want they have the option to prevent it or reverse it.
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11 sats \ 4 replies \ @teemupleb 8 Dec
Depends on how the smart contract is programmed
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0 sats \ 3 replies \ @ama 8 Dec
Regardless.
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11 sats \ 2 replies \ @teemupleb 8 Dec
Can you tell me from who I have to ask a permission to create my own token on e.g. Ethereum?
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0 sats \ 1 reply \ @ama 8 Dec
You don't have to ask anybody, but your action might be reversed should they want or are coerced to, because they can do so. You have the implicit permission, you don't ask for, so it isn't permission-less.
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29 sats \ 0 replies \ @teemupleb 9 Dec
Fair point but I think e.g. the word “censorship-resistant” refers better to that
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0 sats \ 0 replies \ @028559d218 OP 8 Dec
It is completely permissionless? and cheaper than on Bitcoin they should do it there
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