There’s a widely used cryptocurrency term that starts with the letters S, H and I. While it is not shiba inu coin, its meaning does encompass it. I won’t write the term here, because it contains a common profanity, but you can probably guess what it is. (Did I mention it rhymes with bitcoin?)
The shiba inu coin was created last year, and like most cryptocurrencies, it began as nearly worthless. Now coins in circulation are worth some US$30 billion. Featuring the Japanese dog breed that is its name, shiba inu was branded as a “killer” of doge coin, an earlier cryptocurrency based on a meme of that same canine type. These coins have exploded in value largely because they are funny.
I do not consider that S-H-I term to be an insult, since I see 90 per cent of cryptocurrencies to be such coins. I personally do find these canine coins humorous and their emblematic dogs cute. But this space is now awash with new investors that take such coins seriously and hitch onto them their fortunes. For many, it will not end well, for when you profit by the hype, you will also lose by the hype. Even social media will tell you that, if you look closely.
There’s a story I’ve read on Reddit. Someone’s new-investor friend reveals a long-ago bitcoin purchase. That friend now has one whole coin. Excitement abounds — until the friend reveals, “The bitcoin I bought was Ethereum,” a network with a coin of far lower value. It brings to mind the people who call every soft drink a coke or every tablet an iPad. The uninitiated often think that the different coins, because of their existence as coins, must have something deeply in common with each other.
Source:ampproject.org
Source of plagiarism
Plagiarism is the copying & pasting of others' work without giving credit to the original author or artist. Plagiarized posts are considered fraud and violate the intellectual property rights of the original creator.
Guide: Why and How People Abuse and Plagiarise
Fraud is discouraged by the community and may result in the account being Blacklisted.
If you believe this comment is in error, please contact us in #appeals in Discord.