TERM: Shitcoin

Shitcoin

A cryptocurrency that is typically built on poor fundamentals, or any cryptocurrency in general that fails its intended uses.

Shitcoins are often the result of money-grabbing ICOs or outright scams/ponzi-schemes.

The term is also used loosely in disdain for any particular coin that an individual may not like.

EXAMPLE USAGE:

Ted: Hey did you hear about Gymcoin? Its a new cryptocurrency used to decentralize gym memberships world-wide.

Bob: Sounds like a shitcoin to me.

James C. doesn't have a picture.
James C.
Posted on July 8th, 2018