Are shitcoins just a convenient smokescreen which keeps governments and regulated distracted from Bitcoin? This has to be the most memorable and controversial part of this season 3 finale with Christian (@ck_SNARKs on Twitter).
The POV Crypto Podcast co-host also expresses some ideas which he read in James Dale Davidson’s “The Sovereign Individual” and perpetually reminds everyone that we are in the middle of the hyperbitcoinization process: it’s not something that will just happen someday, but a marathon which we’re all running and whose starting gun has been shot by Satoshi Nakamoto in 2009.
Listen to this unique 90-minute discussion and think again about the purpose of shitcoins: are they risky investments that newbies should avoid at all costs? Definitely! Do they deserve to get liquidity in their experimental and mostly dishonest marketing-based state? Clearly not! But are they successful mechanisms to keep the media and the governments busy while Bitcoin is blossoming? Well, they might just be.
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