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Ultimate Moons Bearish Case List

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by COINS NEWS 128 Views

I love Moons just as much as anyone else here, but it is easy to lose sight of what they really are due to hype.

Moons are a shitcoin

  1. Fully centralized distribution
  2. Promoted by Reddit Corporate (which we don't like? I mean, we'd destroy facebook for putting out their own crypto.)
  3. Have no real-world use except governance.
  4. Shilled by an echo-chamber.
  5. Users cling to them irrationally.
  6. Moons actually degrade the quality of quality commenting in this subreddit, just for the sake of a pun/joke, which may lead to profit.

While there may be good potential for moons to grow over time, right now, they're a shitcoin and a social experiment at best. I'm happy about moons, but I'm not going to pretend that they're not a long way from where we want them to be.


Edit: To prove that I'm not just "all criticism" without proposing new utility, I created a pre-proposal in the ccmeta subreddit to increase moon utility.

https://np.reddit.com/r/CryptoCurrencyMeta/comments/xs87n2/preproposal_prediction_posts_require_a_hard_date/

This would essentially force users who make predictions to establish a hard date and wager moons in order to post. Sort of like staking your Moons. Users could potentially bet against the user as well. This would reduce shill posts and increase the quality of posts in the subreddit, imo.

submitted by /u/velocipedic
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