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

by e61133e3on 11/28/22, 7:53 AMwith 12 comments
by WantonQuantumon 11/28/22, 8:00 AM

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?

by trompon 11/28/22, 9:13 AM

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.

by simple-thoughtson 11/28/22, 9:30 AM

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.

by xiphias2on 11/28/22, 10:15 AM

It was already the dumping phase:

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

by beardywon 11/28/22, 9:12 AM

So not a golden calf then?

by Laaason 11/28/22, 9:17 AM

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

by geriksonon 11/28/22, 9:37 AM

I hope the sculptors got paid in FIAT.

by senttoschoolon 11/28/22, 8:37 AM

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.

by mw888on 11/28/22, 8:51 AM

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