Anything that isn’t BTC is a shitcoin #isnt #BTC #shitcoin


Anything that is not BTC is a shitcoin

Perspective Supply

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Comments (32)

  • Andy-Gor Reply

    I like how it didn’t include BTC for comparison lol

    December 23, 2022 at 8:12 am
  • SatStandard Reply

    Ehereum is 70%. Not 20%. Messari misrepresenting it maybe since Consensys is an investor in it.

    December 23, 2022 at 8:12 am
  • nomz41 Reply

    BTC has a highly concentrated ownership even without the pre offering IPO bullshit. People that bought in early and Satoshi represent a big chunk of outstanding BTC.

    December 23, 2022 at 8:12 am
  • Haywood-Jablomei Reply

    EVERYTHING! You have been notified, now Stack Sats!

    December 23, 2022 at 8:12 am
  • TheGreatest34567 Reply

    Bitcoin > all those sh*tcoins in the image.

    December 23, 2022 at 8:12 am
  • KifDawg Reply

    I mean…. there’s a locked satoshi wallet with 1million coins isn’t there?

    Devils advocate

    December 23, 2022 at 8:12 am
  • ethereumfail Reply

    this “allocation” is based entirely on what 1 central party said

    it’s actually up to 100% central insiders since it’s free to buy from your own “distribution” or whatever they call it

    this is literally fraud, messari is fraud promotion

    December 23, 2022 at 8:12 am
  • Gandzilla Reply

    > With more than 1 million Bitcoins attributed to Satoshi Nakamoto today, the entity is considered the largest holder of BTC in the world.

    So it’s currently 5.2% and a maximum of 4.76%, not that much.

    If you add a couple of more people in the beginning that might be included in the chart, maybe it changes?

    But yeah, it’s as high as some others. And it was definitely not pre-mined like nowadays

    December 23, 2022 at 8:12 am
  • Mediocre_Piccolo8542 Reply

    BTC had also a foundation in form of Satoshi mining big chunk alone, and insiders who got the access and instructions how to mine first. Also, those insiders had a huge advantage.

    Those pie charts are also garbage btw, since many blockchains had a very loose definition of “public sale” and the supply went still to insiders after all.

    December 23, 2022 at 8:12 am
  • Essexal Reply

    Facts.

    December 23, 2022 at 8:12 am
  • Life-Manager9604 Reply

    Bitcoin is the only king, drop all alts before theu go to 000

    December 23, 2022 at 8:12 am
  • AntoineGGG Reply

    And bitcoin?

    December 23, 2022 at 8:12 am
  • KizzleNation Reply

    Fuk your chart.

    December 23, 2022 at 8:12 am
  • BijesniVranac Reply

    Most of it is but not all.

    December 23, 2022 at 8:12 am
  • spooky_corners Reply

    Fun chart, and I suppose my question is why metrics like allocation, price, market cap, chart TA, etc seem to drive investor behavior pretty much to the exclusion of fundamentals?

    Fundamentals like: What do any of these products DO? How reputable are the backing companies/structures? Do they have mission statements, roadmaps, public accounting of progress and setbacks?

    You know, basically the reasons why any investor would decide to put money into a project?

    Instead everyone seems to be intently watching the numbers in the spreadsheet and the line on the graph to determine whether something is a shit project or not.

    I’m somewhat of a Bitcoin maxi, but I don’t really consider some of these alt-coins to be competition for btc. They aren’t really currencies or commodities. Cosmos, for example, is a software company. There’s a number of different products, a DeFi platform for them to run on, and you can buy into the ecosystem by buying “shares” or tokens (ATOM) to participate in the space. But it doesn’t make sense to just buy and HODL ATOM as a speculative investment, because it doesn’t have UTILITY outside of that ecosystem (is not a currency or commodity), and has none of the protections or stability of other speculative investments like securities/equities (is not regulated and recognized).

    I’d like to think that at least a few of the altcoin projects are good ones, and have fundamentals that would be worth investing in… you know, like any other security. Thinking about their tokens as speculative investments with zero understanding of the fundamentals is what leads to thousands of valueless tokens in the space. Are they really ALL shitcoins? Or is passive, ignorant, speculative investor behavior making them this way?

    December 23, 2022 at 8:12 am
  • Hairy_Maintenance_78 Reply

    Look at the date. Says A LOT..

    (Someone forgot to edit me thinks LOL!)

    Edit: You just gotta love the third reliable source! “Various blogs” 🤣

    December 23, 2022 at 8:12 am
  • [deleted] Reply

    [removed]

    December 23, 2022 at 8:12 am
  • B1ggusDckus Reply

    Would be much more valuable if it would also include how it relates to the current total supply.

    December 23, 2022 at 8:12 am
  • i-love-k9 Reply

    Enough poo for everyone. Bitcoin is precious.

    December 23, 2022 at 8:12 am
  • antojado Reply

    Some people are fire!!! 🔥 🤣

    December 23, 2022 at 8:12 am
  • romfax Reply

    So shitcoins is allowed in the sub now? Hard to debate this bad chart, without mentioning the shitcoins…

    December 23, 2022 at 8:12 am
  • LoadExternal6570 Reply

    *Yawn

    December 23, 2022 at 8:12 am
  • BitcoinMD Reply

    What should the blue percentage be? 0%? Insiders aren’t allowed to purchase the coin?

    December 23, 2022 at 8:12 am
  • TuringPharma Reply

    My takeaway is that I should absolutely invest in… none of them lol

    December 23, 2022 at 8:12 am
  • perry1023 Reply

    Satoshi has what ? 100,000? Is that right? I can’t remember.

    December 23, 2022 at 8:12 am
  • meisterKrabbes Reply

    Considering that crypto is just made up anyways, what does it matter

    December 23, 2022 at 8:12 am
  • daydreaming1980 Reply

    Dude academic research did not stop in 2009 .

    December 23, 2022 at 8:12 am
  • oceanman357 Reply

    Where bitcoin on chart

    December 23, 2022 at 8:12 am
  • sharpeyenj26 Reply

    Lmfao maxi’s. Get help.

    December 23, 2022 at 8:12 am
  • peterthehu Reply

    IMO “Satoshi” has 1/21 insider stake, so by BTC it’s about 5% at least

    December 23, 2022 at 8:12 am
  • [deleted] Reply

    [removed]

    December 23, 2022 at 8:12 am
  • Geek-in-nature Reply

    What is a block?

    December 23, 2022 at 8:12 am

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