WebPurely on this metric alone, Bitcoin cannot be a shitcoin – Bitcoin is the original coin and can never be considered an “altcoin.” A shitcoin has to be defined as something nobody … WebMay 15, 2024 · Shitcoins are leveraged bets on bitcoin. Most traders betting on shitcoins are looking to channel additional volatility through the shitcoin market. The thought process is when bitcoin goes up, people will roll out their profit into riskier bets as they feel wealthier. When bitcoin runs up in price, some of that capital trickles down into other ...
Daily Discussion, November 10, 2024 : r/Bitcoin
WebThe federal reserve can just print dollars, bitcoin on the other hand has a maximum amount (21 million) so no more Bitcoin can ever be created beyond that and that makes it deflationary store of value. 12. Jesus_And_I_Love_You • 2 yr. ago. Cryptocurrency Pros: Max amount of currency is limited, so inflation is limited. WebNov 12, 2024 · Song, a Bitcoin evangelist, believes that decentralization depends on the people in control of the project. If a handful of identifiable developers, bankers, or entities have the ability to change the protocol without needing to involve the community, then the project is centralized (even if it runs on a decentralized blockchain) and is a shitcoin. popup sweets cart
Learn about Shitcoins and spot a real Shitcoin in the Crypto Market
WebWhat is it: Bitcoin is a form of decentralised digital cash, meaning it’s not controlled by a central bank or authority. Instead, it’s run by thousands of computers around the world. WebTypical Bitcoin maximalist catchphrase (they also call other cryptocurrencies shitcoins while unaware Bitcoin is the worst shitcoin) The cryptocurrency market is hot. For years, … WebMar 28, 2024 · An Irish dairy farmer has found an unusual way to make use of the excess energy produced on his farm — by turning to Bitcoin ( BTC) mining. Tom Campbell, who runs a farm in County Armagh ... sharon osbourne brca