Read_446 - The Great Plague of Shitcoinery [Thibaud Marechal]
"Battles in the money market aren’t about incremental technology features, but fundamental monetary properties. Bitcoin is a pragmatic monetary evolution, which contrasts with shitcoin issuers misrepresenting a delusional technology revolution." - Thibaud Marechal
Another great piece on the incentives and misunderstanding of the shitcoin mindset. It isn't a technological revolution, it is fundamentally a monetary one! Thibaud breaks it down amazingly in this piece and Guy gets into some history of the shitcoin term and how so many projects have the entirely wrong understanding of the value in this revolution. Don't miss another excellent one from Bitcoin Magazine
Original Article: https://bitcoinmagazine.com/articles/the-great-plague-of-shitcoinery
A huge thanks as always to Hexa Wallet! Don't forget to shoot me a message if you want to add me as a contact or use me as a part of your backup. Happy to assist! Check them out at Hexawallet.io
Some of the great articles mentioned in this episode to expand on these ideas:
Bitcoin is Worse is Better - https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_327---Bitcoin-is-Worse-is-Better-gwern-e9e9iv
Bitcoin & Software Reliability - https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_254---Bitcoin--Software-Reliability-beautyon_-e46lnu
On Schelling Points, Network Effects, & Lindy - https://anchor.fm/thecryptoconomy/episodes/Read_417---On-Schelling-Points--Network-Effects---Lindy-Willem-Van-Den-Bergh-eghjp4
And dont forget to check out our new show all about Shitcoinery! Shitcoin Insider is where we dig through all the crap so that you don't have to! XD