One of the most interesting aspects of the cryptocurrency industry is certainly the variety of fascinating ideas and projects that have arisen during these years. DoIOwnAShitCoin is a website that, with much irony and sarcasm, gives a humorous judgment on cryptocurrencies.
Classifying cryptocurrencies by drawing a line between legitimate and useless coins is a delicate subject and certainly has a strong subjective component. It’s certainly not necessary to rely on websites like DoIOwnAShitCoin.com to understand which projects are really interesting and which are not.
It’s just a few funny opinions. Here is how some of the most important cryptocurrencies on CoinMarketCap are defined.
Bitcoin (BTC), the cryptocurrency par excellence, has certainly received treatment worthy of its name. The philosophy that lies within it and from which many other projects have come to life is a fundamental component.
Ethereum (ETH) is the cryptocurrency of Vitalik Buterin. This platform has been the protagonist of important events over the years and is in pole position with regard to the development of the so-called smart contracts.
The second cryptocurrency for marketcap is also judged positively, although the ideas of DoIOwnAShitCoin are quite maximalist towards bitcoin (BTC).
EOS has been able to attract a lot of attention from the crypto community, especially in recent months. They recently launched a social network and revealed EOSIO 2.0 during a conference held in Washington.
The sarcastic website takes into account the delay of the mainnet’s launch as a factor of judgement, but in the end, it says: “Let’s see how they do”.
Bitcoin Cash (BCH)
The phrase that identifies the most famous hard fork in the crypto industry is rather moderate and free of accusations. To say that Bitcoin Cash is not Bitcoin is simply the truth because they are two different things. And the adoption of BCH is growing fast.
The creators of DoIOwnAShitCoin.com do not specify whether they believe Litecoin is a low-level cryptocurrency or not. However, they call it “fast”, probably because of the reduced block time.
The description is rather ambiguous, but the recommendation is HODL.
The views on XRP are clear: Ripple owns most of the tokens and the problem of centralised governance cannot be avoided. In addition, its purpose is to support institutions, quite different from that of Bitcoin.
The response of the website is quite clear.
Ethereum Classic (ETC)
Ethereum Classic is defined in no uncertain terms.
TRX by Justin Sun is an interesting project. On the one hand, people praise its ambition and the entrepreneurial skills of its creator. On the other hand, critics like Vitalik Buterin point out that most of the whitepaper is plagiarised.
Its novelty is that it makes it easier for companies and individuals to develop their own platforms without having any prior knowledge of how the underlying technology works. The founders of doiownashitcoin.com give a short and concise message.
Binance Coin (BNB)
Thanks also to the lottery offered on Binance, the BNB token has grown out of all proportion and the IEOs present on the exchange have behaved in the same way. Binance is also the world’s largest volume exchange led by CZ: an entrepreneur who is achieving enormous success.
The opinions coming from this website have no technical or scientific basis but only want to give a funny opinion about the various cryptocurrencies.
Each sentence must, therefore, be interpreted with irony, without dwelling on the criticisms, since it is pure and simple humour.