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Shitcoin project tests the limits of cringe by building $600k statue of Elon

18 points by e61133e3 4y ago

WantonQuantum 4y ago
Note that the author of the article is using "shitcoin" in place of the name of the actual crypto currency in order to not contribute to the attempted pump of the coin by the stunt. So, sadly, there isn't a shitcoin. Or perhaps there is?
- tromp 4y ago
  https://www.coingecko.com/en/coins/shitcoin https://www.coingecko.com/en/coins/shitcoin But it's just a token on Ethereum, so more like shittoken...
senttoschool 4y ago
Since cryptos (shitcoins) don't produce anything, the only way the price can go up is if greater fools buy in. To get great fools to buy in, a project needs to spend on marketing their shitcoin.
mw888 4y ago
Are we really mad at scams here or is this an opportunity for a bit of projection?
beardyw 4y ago
So not a golden calf then?
- gerikson 4y ago
  Inflation has reduced the golden calf to an aluminum goat. The principle still applies though.
tromp 4y ago
More informative article with better pics: https://www.dailymail.co.uk/news/article-11408375/Elon-Musk-fans-create-30-foot-long-600K-monument-Twitters-new-boss-riding-rocket.html https://www.dailymail.co.uk/news/article-11408375/Elon-Musk-... It's Elon's head on the body of a goat riding a rocket.
Laaas 4y ago
Regardless of your opinion on cryptocurrencies or Elon Musk, surely this article is not of high enough quality to deserve to be on HN?
- europeanguy 4y ago
  Cue someone linking to the guidelines which says that HN is for interesting things, and so someone found this interesting. No kidding... I agree with you, of course.
simple-thoughts 4y ago
I disagree with the aesthetic choices by the people supporting this shitcoin project. I also disagree with the people choosing LV, Hermes, et al and would never buy their products either. It’s hard to see why this site which is supposed to take the stance that web3 doesn’t have a legitimate use case is posting this. Obviously some people find value in making an extraordinarily ugly statue, or they wouldn’t purchase the token.
gerikson 4y ago
I hope the sculptors got paid in FIAT.
xiphias2 4y ago
It was already the dumping phase: https://coinmarketcap.com/currencies/elon-goat/ https://coinmarketcap.com/currencies/elon-goat/
deleted 4y ago
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18 points by e61133e3 4y ago

Note that the author of the article is using "shitcoin" in place of the name of the actual crypto currency in order to not contribute to the attempted pump of the coin by the stunt. So, sadly, there isn't a shitcoin. Or perhaps there is?

tromp 4y ago
https://www.coingecko.com/en/coins/shitcoin https://www.coingecko.com/en/coins/shitcoin But it's just a token on Ethereum, so more like shittoken...

senttoschool 4y ago

Since cryptos (shitcoins) don't produce anything, the only way the price can go up is if greater fools buy in. To get great fools to buy in, a project needs to spend on marketing their shitcoin.

mw888 4y ago

Are we really mad at scams here or is this an opportunity for a bit of projection?

beardyw 4y ago

So not a golden calf then?

gerikson 4y ago
Inflation has reduced the golden calf to an aluminum goat. The principle still applies though.

tromp 4y ago

More informative article with better pics: https://www.dailymail.co.uk/news/article-11408375/Elon-Musk-fans-create-30-foot-long-600K-monument-Twitters-new-boss-riding-rocket.html https://www.dailymail.co.uk/news/article-11408375/Elon-Musk-... It's Elon's head on the body of a goat riding a rocket.

Laaas 4y ago

Regardless of your opinion on cryptocurrencies or Elon Musk, surely this article is not of high enough quality to deserve to be on HN?

europeanguy 4y ago
Cue someone linking to the guidelines which says that HN is for interesting things, and so someone found this interesting. No kidding... I agree with you, of course.

simple-thoughts 4y ago

I disagree with the aesthetic choices by the people supporting this shitcoin project. I also disagree with the people choosing LV, Hermes, et al and would never buy their products either. It’s hard to see why this site which is supposed to take the stance that web3 doesn’t have a legitimate use case is posting this. Obviously some people find value in making an extraordinarily ugly statue, or they wouldn’t purchase the token.

gerikson 4y ago

I hope the sculptors got paid in FIAT.

xiphias2 4y ago

It was already the dumping phase: https://coinmarketcap.com/currencies/elon-goat/ https://coinmarketcap.com/currencies/elon-goat/

deleted 4y ago

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