shitcoin = racket. scam. trick.

5538e28a66eb8836...

npub125uw9znxawyrvrc4lraf2ertm5k652ve4t87f74v7s7scp2qk2qswmlek0

hex

a7b3c13641f405ccf7725139cdebc7304271f2dd8cde87b814087d385cd1e6ff

nevent

nevent1qqs20v7pxeqlgpwv7ae9zwwda0rnqsn37twceh58hq2qslfctng7dlcprpmhxue69uhhyetvv9ujuem4d36kwatvw5hx6mm9qgs92w8z3fnwhzpkpu2l3754v34a6td29xv64nlyl2k0g0gvq4qt9qgn4g0a7

Kind-1 (TextNote)

2026-08-23T10:46:23Z

↳ Reply to Kayne (npub1zede6daz3yp3qwhe45jqx67u2sns3qkqrtw4z4u3ljtxv9nultqs0e3hvt)

What makes it a shitcoin? Oh, you can't explain, you're just participating in groupthink to feel included? Ok fair enough.

shitcoin = racket. scam. trick.

luke already had his bulk asic purchase plan ready for every one of the hash functions he put in the "random selection" that landed on blake2b. i would hope you are educated enough or did your homework to know that Sia uses this hash function and there is a live, active market for asics that do this hash function. so it makes an easy win to mine a majority of early blocks on it and then trickle-dump them on retail. all without looking bad, but making a profit on gullible people.

someone with over 7 years experience working with bitcoin knows the difficulty adjustment is going to be a big problem for forks. so they can plan it easily "oh, we are dropping the difficulty to X because there will be less hashpower" and they know they have 50% of that right out of the gate.

Raw JSON

{
  "kind": 1,
  "id": "a7b3c13641f405ccf7725139cdebc7304271f2dd8cde87b814087d385cd1e6ff",
  "pubkey": "5538e28a66eb88360f15f8fa95646bdd2daa2999aacfe4faacf43d0c0540b281",
  "created_at": 1787481983,
  "tags": [
    [
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      "0000cf0f1310131a50d5210353e37548b55ed4209c6a9f918d7646368b0b76e8",
      "wss://nostr.wine/",
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    [
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      "a7e3c2a7557abbb173b0ecf053d4815e6d0c7e684d051ba9ffe5c530753d4da6",
      "wss://relay.primal.net/",
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    ],
    [
      "client",
      "smesh",
      "https://smesh.mleku.dev"
    ]
  ],
  "content": "shitcoin = racket. scam. trick.\n\nluke already had his bulk asic purchase plan ready for every one of the hash functions he put in the \"random selection\" that landed on blake2b. i would hope you are educated enough or did your homework to know that Sia uses this hash function and there is a live, active market for asics that do this hash function. so it makes an easy win to mine a majority of early blocks on it and then trickle-dump them on retail. all without looking bad, but making a profit on gullible people.\n\nsomeone with over 7 years experience working with bitcoin knows the difficulty adjustment is going to be a big problem for forks. so they can plan it easily \"oh, we are dropping the difficulty to X because there will be less hashpower\" and they know they have 50% of that right out of the gate.",
  "sig": "3d931b833f89775dd5c475ce1d4479a70135291454f846137775540b60aa945773650e57dd01d126dfb9d7d0071cc87751b39be810d746646e3e4b8ff7f4bfdf"
}