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A Low Res Gif of a Rock Has No Merit

The perception system between Bitcoiners and “Shitcoiners” continues to widen. While the 2 teams agree each as soon as in a whereas, they are typically utterly on separate pages criticizing themselves.

For readability, “shitcoiner” might have various meanings, relying on who’s talking, nevertheless it is largely utilized by Bitcoin maximalists to describe individuals who commerce in different cryptocurrencies.

Recently, Blockstream co-founder and CEO Adam Back blasted Shitcoiners, saying that they are horrible at making memes and the rationale for that is unclear. The Bitcoin proponent went additional to say that the favored and costly ETHRocks which bought for as excessive as $2.1 billion are nothing however “a low-resolution gif that has no merit.”

How it began

As with most altercations between Bitcoiners and Shitcoiners, the current conflict between the 2 teams began on Crypto Twitter and it was about memes, a tradition that is quick turning into an integral half of the cryptocurrency house.

Sharing a meme yesterday, Back trolled at Shitcoiners, noting that “honesty” could possibly be the issue with Bitcoin maximalists as they are “too honest for some people’s tastes.”

As anticipated, members of the opposing group shortly responded to Back’s tweet, and one stated: “Say what you want about maxi’s, but they definitely have the weakest memes in the space.”

Adam Back fired again, stating:

“Shitcoiners suck at memes. It’s not clear why that is: i think maybe paid promoters just don’t care enough: bitcoin memers are on a fucking mission to save humanity, their heart is all-in. Also, apparently, a statistical sense of humor is correlated with intelligence.”

But notorious Bitcoin Twitter character Udi Wertheimer made a tweet discarding Back’s assertion on meme-making. He instructed (or trolled) the Blockstream CEO that his declare about Shitcoiners making the worst memes is now not true, thanks to the success of memecoins like Dogecoin, Shiba Inu, and memes that bought for thousands and thousands of {dollars} as NFTs.

No Merit

Responding to Wertheimer’s tweet, Back stated that many NFT gross sales that are value 1000’s and even thousands and thousands of {dollars} are not actual. He likened it to the ICO period, the place some tasks purchased their personal ICOs with funds raised. He additionally described the favored ETHRock NFT as “a low-resolution gif of a rock that has no merit.”

ETHRock is a assortment of 100 digital rocks tokenized on the Ethereum blockchain that began gaining traction earlier this yr. The NFT consists of nonetheless photographs of a “rock” which are all an identical in design and form however with completely different coloration tones. However, the rocks are being bought for nothing lower than 500 ETH ($2 million), on the time of penning this line.

But regardless of the value of the rocks, Adam Back stated he would reject it even when he was paid to take it.

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