The well meaning shitcoiner

Hey Jesshitcoiners

Ever since Bitcoin was launched, there's been a literal explosion of coins, all with their pros and cons. I think we can all accept that the vast majority, upwards of 90% of coins, are blatant scams; anyone who knows anything about cryptocurrency and has read these whitepapers can see it's a lot of rubbish.

But since crypto isn't measured by what it does but what it's valued at relative to the dollar, people frenzy in to try and grab their share of the spoils. There are so many shitcoiners and dogetubers out there who are always bullish and pumping every coin to the moon.

We all know these shit coin accounts that pop up during bull runs ready to rek noobs and profit off of the greed in the market, but this is not the persona I want to tackle today. The one I want to look at is the shitcoiner who doesn't realise they are a shitcoin bag holder.

Paving a road of good intentions

Most of the time, it's well-meaning individuals who don't quite understand deeply enough what decentralisation means, how all the tokenomics work, why certain things are fundamentally a scam and how the founders benefit from your naivety.

These shitcoiners have swallowed the marketing pitch hook line and sinker and are going to parrot off the white paper, and their favourite projects bullshit claims on their Twitter account as if they cannot be disputed.

The sad thing is they don't realise they are suckering unsuspecting friends and family into scams and not only rek themselves but those they care about. If you had no morals, this would be fine, but these people actually have morals; they are just misguided.

I see it all the time; I think we all have our own shitcoin journey, and many will make the same mistakes. You cannot tell someone not to shitcoin; they need first to try it, realise that it's all a lie and then come to their conclusions.

There is no sense in reasoning with these people, and in a decentralised world, it's part of the game. No government is coming to save you; no bank will bail you out; only you can save yourself. If you're going to take risk you don't understand, and if you're going to make poor economic decisions, the best way to learn is to get burned.

Once you realise how quickly value can be stolen from you in the shitcoin market, you'll understand why Bitcoin is such a revolutionary asset.

Have your say

What do you good people of HIVE think?

So have at it my Jessies! If you don't have something to comment, "I am a Jessie."

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