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Your ShitCoin might be Worth more than BitCoin
Admit it, you thought it was worthless, didn’t you? You’d probably even accepted that fact. This blog post exists to argue that it might have unfulfilled value or potential you haven’t yet imagined. Something you could realize very easily.
That ShitCoin, who’s value has plummetted since the ICO you participated in during the Crypopian price heights of late 2017 or early 2018, you’ve written it off or forgotten about it. I don’t blame you, I’ve done the same.
That gamble hasn’t paid off. The whitepaper you read hasn’t led to the realization of any value, not in terms of a working model, prototype or even an extension of thinking. Nothing would be the aptest description of almost everything that any ICO birthed. That coin now sits in your ERC20 wallet with the binary values of its bits collecting digital dust.
Without saying you got scammed, because I wouldn’t suggest that for even one second — definitely not — but it’s a pretty close run thing. It will be interesting to see the SEC’s reaction to all this in the coming years, but for my thought experiment that is irrelevant.
The value of these ICO’s wasn’t the reward you got for participation, clearly. Instead, it was the education you received as a by-product of the investment.
- If you never owned a crypto token…