cryptovibes.com
In the growing vitriol between Bitcoiners and Shitcoiners that is happening on Twitter about memes, the Blockstream CEO Adam Back said that the expensive and currently popular EtherRock is “a low res gif” with no merit.
The belief system that exists between the Bitcoiners and “Shitcoiners” continues to widen. While these two groups agree a few times once in a while, they are mostly completely opposing each other as they criticize themselves.
For clarification purposes, “shitcoiner” may have varying meanings. It all depends on who is speaking. However, the term is used by Bitcoin maximalists to describe the people that trade in other cryptos.
Recently, Back blasted the shitcoiners by saying that they are terrible at making the memes and the reason for that is not clear. The Bitcoin proponent went on to say that the popular and expensive ETHRocks that sold for $2.1 billion are just “a low-resolution gif that has no merit.”
How It All Started
As is the case with many altercations between Shitcoiners and Bitcoiners, the recent clash between these two groups began on Crypto Twitter and it was all about memes. That culture is quickly becoming an integral part of the crypto space.
Sharing the meme on October 24, Back was seen trolling at Shitcoiners, noting that “honesty” could be the challenge with Bitcoin maximalists as they are “too honest for some people’s tastes.”
As was expected, the members of the opposing group speedily responded to Back’s tweet, and one of them said:
“Say what you want about maxi’s, but they definitely have the weakest memes in the space.”
Adam fired back, stating:
“Shitcoiners suck at memes. It’s not clear why that is: I think maybe paid promoters just don’t care enough: bitcoin memers are on a fucking mission to save humanity, their heart is all-in. Also, apparently, a statistical sense of humor is correlated with intelligence.”
However, the infamous Bitcoin Twitter personality Udi Wertheimer published a tweet discarding Back’s statement on meme-making. He trolled the Blockstream CEO that his allegation about Shitcoiners making bad memes is no longer true, due to the success of some of the meme coins like Shiba Inu, Dogecoin, and memes that sold for millions of dollars as nonfungible tokens.
so what are you saying udiverse? buy altcoin memes?
no
udiverse is saying that if you think shitcoiners can’t meme, you have your head in the sand
and that’s not healthy for your eyesight
— udiverse 21 (@udiWertheimer) October 23, 2021
No Merit
While responding to Wertheimer’s tweet, Back said that most of the NFT sales that are worth even millions of dollars are not real. He compared it to the initial coin offering (ICO) era, where some of the projects acquired their in-house ICOs with funds raised. Additionally, he described the popular ETHRock NFT as “a low-resolution gif of a rock that has no merit.”
By description, ETHRock is a collection of 100 digital rocks that are tokenized on the Ethereum blockchain that began gaining popularity earlier this year. The NFT comprises still images of a ‘rock’ that are all identical in design and shape but come in different color tones.
Nevertheless, these rocks are getting sold for at least 500 ETH ($2 million), at the time of publication. But despite the price of these rocks, Adam Back stated that he would reject it even if he was paid handsomely to take it.