<oembed><type>rich</type><version>1.0</version><title>HolySats wrote</title><author_name>HolySats (npub1wx…mlej2)</author_name><author_url>https://yabu.me/npub1wxxm0rme8wglmtq8f060xshtdlvtgryz46huldhm0nx59xru37yshmlej2</author_url><provider_name>njump</provider_name><provider_url>https://yabu.me</provider_url><html>When explaining and embracing the need for maximalism towards more experienced cryptocurrency users, I use the following arguments: the vast majority of shitcoins either have no use case at all, lost it a long time ago (LTC) changed it a thousand times to match the current buzzwords (like ETH and others), or are looking for problems where there are none.&#xA;&#xA;Our biggest problem is that we are stuck with fiat money. Once we fix that, we can start looking at what else needs fixing - and Bitcoin can naturally fix a lot. Why?&#xA;&#xA;99% of humanity&#39;s problems arise from the structure of bad incentives, misallocation of capital, and a mindset of needing to beat the system to survive. Often, people turn to scams like shitcoins and other get-rich-quick schemes. In its essence, a shitcoin is nothing more than the Cantillon Effect in the private sector - replacing the central bank with oneself... but the principle works exactly the same.&#xA;If hyperbitcoinization occurs, these problems will naturally disappear, along with any use case for shitcoins - for creators and users alike.&#xA;&#xA;Yes, there will likely still be fraud, hacks, etc. because we will always have &#34;haves&#34; and &#34;have-nots&#34; to some extent... but at least it will be eliminated directly from the layer of money creation.&#xA;&#xA;Any shitcoin, by its very existence, slows down hyperbitcoinization and for that reason must be removed from the path [Warhammer 40k BURN THE HERETICS feeling intensifies]</html></oembed>