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

https://web3isgoinggreat.com/?id=shitcoin-project-tests-the-limits-of-cringe-by-building-600000-statue-of-elon-musk-and-delivering-it-to-tesla-hq

by e61133e3 • 4 years ago

18 12 4 years ago

web3isgoinggreat.com

WantonQuantum• 4 years 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?

tromp2• 4 years ago

https://www.coingecko.com/en/coins/shitcoin

But it's just a token on Ethereum, so more like shittoken...

senttoschool• 4 years 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• 4 years ago

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

beardyw• 4 years ago

So not a golden calf then?

gerikson2• 4 years ago

Inflation has reduced the golden calf to an aluminum goat.

The principle still applies though.

tromp2• 4 years ago

More informative article with better pics:

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• 4 years 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• 4 years 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• 4 years 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.

gerikson2• 4 years ago

I hope the sculptors got paid in FIAT.

xiphias2• 4 years ago

It was already the dumping phase:

https://coinmarketcap.com/currencies/elon-goat/

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

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