Shitcoin
Home » Bitcoin Culture » BTC Glossary » Shitcoin
A shitcoin is a coin that provides absolutely no value whatsoever. Value is of course subjective but you can often tell that a coin has just been made for the sake of making a coin.
Usually these are coins that have been set up without any real thought as to how demand will be created for the coin or what problems it’s solving. Some are intentionally designed as jokes, others make the most of “rug-pull” technology, luring unsuspecting noobs that will end up getting rekt.
Of course, if you’re a Bitcoiner then every other coin that isn’t Bitcoin is a shitcoin so it makes things a lot easier to understand!
Latest Articles
What Is Simplicity?
One of the criticisms often levelled at Bitcoin is its limited scripting capabilities, which restrict the complexity of smart contracts. If you ever speak to
Exploring Bitcoin Self-Custody Solutions
The concept of self-custody is at the heart of Bitcoin’s philosophy. Not your keys, not your coins. By owning your private keys, you take complete
Why Stablecoins Make P2P Trades Easier
Acquiring Bitcoin through peer-to-peer (P2P) trading was the default method of acquiring the asset if you didn’t have your own mining set up back in