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r/CryptoCurrencySee Post

Shiba Inu's BONE About to Explode (Pre-Shibarium)

r/CryptoMarketsSee Post

Bitcoin defends 2017 ATH and BONE reaches a new ATH - Blockbulletin

r/CryptoCurrencySee Post

information on what bone is and how it effects shib.

r/CryptoCurrencySee Post

Who else is hodling BONE 🦴

r/CryptoCurrencySee Post

What low MC alts are you accumulating for the next bull market and why?

r/CryptoCurrencySee Post

Lately Shiba Inu's brother BONE ShibaSwap has been getting a lot of attention, but not as much attention as it should be...

r/CryptoMarketsSee Post

Shiba Inu's SHIB Jumps Amid Speculative Frenzy, BONE Proposal

r/CryptoMoonShotsSee Post

ShibDOSH || Return of SHIBA || REBASE 2.0 Return of SHIBA || REBAHighest "Sustainable" APYBA || REBASE 2.0 || Zero Buy/NEXT 100x GEMeturn of SHIBA || REBASE 2.0Private sale| | MEME KingBA || REBASE 2.0 || ZStakeOSH || ReturDAObDOSH || Return of SBUSD rewardsReturn of SHIBA || REBA

r/CryptoCurrencySee Post

I just bought a few thousand BONE Shibaswap. Is BONE to the moon?

r/CryptoCurrencySee Post

5 Factors That Proves Shiba Inu (SHIB) Is Not A Meme token

r/CryptoCurrencySee Post

shytoshi kusama has spoken.

r/CryptoCurrencySee Post

Shiba Inu Announces Beta of DOGGY DAO

r/CryptoCurrencySee Post

Shibarium is fckin joke

r/CryptoCurrencySee Post

Shiba Inu Ecosystem Guide: SHIB, BONE, and LEASH Explained

r/CryptoMoonShotsSee Post

Blood and Bones $BLBO 💎 | The Best Crypto Play to Earn Game with ORACLE 🔥 | Launching Soon 🚀

Mentions

Snapshot soon,what fun post should post should i go with? So many funny words, like 'Luna', 'ICP', 'LUNC', 'TITAN', 'BONE', 'ONE', list goes on.

#Shiba Inu Pro-Arguments Below is an argument written by cbelaski which won 3rd place in the Shiba Inu Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > Shiba Inu (SHIB) is an ERC-20 token modeled after the king of meme coins Dogecoin. This token has evolved beyond meme status, focusing on decentralization with their own DEX ShibaSwap. > > ShibaSwap utilizes the 3 tokens in the ecosystem (SHIB, LEASH, and BONE) to facilitate transactions and provide rewards. ShibaSwap has gone all in on the theme, renaming staple terms to more dog centric names: stake is now bury and provide liquidity is now dig. This helps to immerse users into the ecosystem and provides a unique aspect to those involved. > > Shiba Inu also has an incubator dedicated to "cultivating an enviromnet which encourages creativity and growth." This incubator helps those in the community with their NFT aspirations and is a large part of their decentralization movement. > > SHIB also has a psychological advantage not many coins can replicate. This comes from the fact that their are 1 QUADRILLION coins in circulation. Having that many coins helps SHIB maintain it's low price and allows users to buy massive amounts of coins for a relatively small investment. While this doesn't really mean much in the grand scheme of things since market cap is what really matters, people are easily swayed by large numbers. > > Looking past the technicals, SHIB is a force to be reckoned with on the community front. Following Dogecoins footsteps, SHIB may have figured out the secret to quick growth and utilization: hype. It doesn't matter how good your product is if no one has heard of you. SHIB has gained a rabid following through the ShibArmy and taking just one look at their subreddit will show you that they have all drank the kool-aid. If they can keep this hype going, SHIB is a meme coin that will stick around for quite some time. > > Others will argue that these meme coins are a negative on the crypto space and only further the idea that this is all fake money, but it is actually the opposite. Hype leads to growing interest which leads to more users in the crypto world. Dogecoin paved the way for meme coins as an entry point for the average person, and Shiba Inu is just the next evolution of that idea. As more users flow into this space and add their fiat into the exchanges, the crypto world as a whole will continue to grow and head towards our ultimate goal of replacing the current financial system. ***** Would you like to learn more? [Click here](/r/CryptoCurrency/comments/ovmtu8/rcc_cointest_coin_inquiries_shiba_inu\/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Shiba_Inu) to find arguments on this topic in other rounds.

I already know about a lot of the crypto news and use cases of certain coins. Im just saying this whole sub shits on any crypto that doesnt follow its narrative. BONE to them is a shit coin but it would have made people rich in here if they invested at 30 cents or 50 cents. Or invested in Shibaswap. Ive seen people here shit on Axie Infinity as well but they have a mobile app and its cheap to get in now because of the bear market. Anyone should invest in that. Also the new version of the game is actually pretty fun. Theres no harm in diversifying your portfolio but people on here want to just dismiss all other coins or projects.

Mentions:#BONE

No this sub doesnt help with this learning at all lmaooooo. I dont remember one good piece of advice they have given someone when it comes to Investing. Would anyone here have given advice to invest in Shibaswap or BONE? no they wouldnt have. It was 33 cents a few months ago now it hit 2.20 even i didnt expect that but I hold some. A lot of people on here try to sound smart and in reality might actually be. But they are close minded and narrow minded and because they think they are so smart wont give a lot of other projects a chance. No they are always mostly serious. Unless ur all trying to shit on another coin or project. Its just an echo chamber of unoriginal thoughts trying to earn moons tbh. maybe a couple posts on here are good but its mostly unoriginal garbage

Mentions:#BONE

$xFund and $BONE

Mentions:#BONE

Holy fucking $xFund and $BONE 🚀🚀🚀🚀

Mentions:#BONE

I think SHIB will continue rising in the future, but you really need to look into BONE if you haven’t yet. If SHIB is going to be successful, it needs BONE.

Mentions:#SHIB#BONE

[BONE](https://youtu.be/t9tZEcSc1qo)

Mentions:#BONE

Ah yes, the BONE ratification system, BONERS for short.

Mentions:#BONE

BONE and CAKE are some deep sleepers. Terareum TERA is a deep deep deep sleeper.

Does it work for SHIB and BONE

Mentions:#SHIB#BONE

Yeah, I get the hate for the rest of the list. Well CELR and GLMR are my long term holds, staked, LSS is not that bad (lossless team saved a bit of tokens in ONE bridge hack). Rest is spec/moonshots/gambles. I really think BONE will moon and I got most of it for free by providing liquidity on SS since start.

Buy some BONE, it should 10-20x in the next 12 months. Will be gas fees for all the SHIB enthusiast once SHIB drops their Layer 2

Mentions:#BONE#SHIB

"Meme coin" is so 2021. SHIB is now much more than that. There's SHIB and LEASH, BONE, NFTs (Shiboshis and Metaverse Lands), a metaverse being designed and built by TOP talent in the industry. Gaming (The name of the first mobile game was announced today), a fast food franchise built around SHIB's community and technology, and a L (Shibarium). And let's not forget about our collaboration with a legend in the fashion industry, John Richmond. Most of the activities around all this will also burn SHIB in the future (Gaming is the exception for reasons beyond the scope of this thread) SHIB has just became 2 years old. We have a long way to go. Wallet holders keeps growing, and we still have new exchanges listing us. Despite what the sentiment on r/CryptoCurrency is around SHIB, we prevail, grow and keep moving forward.

ALGO ADA BONE - I was going to do SHIB, but I changed my mind and went with their gas token. MATIC CAKE LINK

Shibarium is a SHIB project in development and BONE is a token that will be the "gas"

Mentions:#SHIB#BONE

What is the general feeling about Shibarium and BONE? Meme of a meme? Or worth having a piece of?

Mentions:#BONE

#Shiba Inu Pro-Arguments Below is an argument written by warmbookworm which won 2nd place in the Shiba Inu Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > There are several pros to Shiba Inu, as we as several common misconceptions about what value is and what makes something valuable that people who write off memecoins like Shib are usually prone to making. > > First of all, the pros: Shiba Inu is the third most searched for cryptocurrency in 2021. It has grown to become one of the top ten cryptocurrencies by marketcap, even surpassing Dogecoin, the first and by far the biggest memecoin since alt coins existed. This is huge because as we've seen with bitcoin, the first mover advantage is huge; no other coin has come close to surpassing bitcoin yet, despite tens of thousands of coins coming to existence in recent years. > > Shiba Inu clearly has one of the largest network effects in the entire industry, which is arguably the most important metric for any crypto. > > You can easily buy Shib on platforms like Webull, so people who are not into crypto can still get in and buy shib, making it far more accessible than all but the largest and most well-known cryptocurrencies. > > Finally, Shib has great branding. The idea of the "Shib Army" and "Shib to 1 cent" (or even a dollar) is incredibly good marketing, because it gives the community a common identity, as well as a goal to work towards. If we take any other crypto, people might like the coin and want it to go up, but there is no singular goal that everyone can point to and talk about. Thus, people are much less likely to contribute towards the development and branding of the coin. > > Secondly, the "shib-lingo", with LEASH and BONE as well as other parts of the shiba inu ecosystem allows for a much more intuitive understanding of crypto for those who find it too challenging to understand and can't be bothered to learn about all of the ins and outs of crypto itself. It is a great gateway for complete beginners to start understanding all of the different crypto terminology in words and concepts they already understand. > > ---------------------------- > > Now in terms of misconceptions regarding value, most people think that you need to have a "use-case" for value. But what is a use-case? Really, a use-case is just a "feature". i.e they think that every coin has to have some special feature or property that other coins don't have in order for it to be valuable. > > This makes sense intuitively, but isn't how things actually work. Just because something has a unique feature doesn't mean that that feature is useful. For example, if you were to take YouTube's source code today and slightly improve the UI, you would have a "superior YouTube", but no one would use it. > > Network effects far outweigh any features in terms of importance. Furthermore, the idea that features have to come *before* value is intuitive, but actually, as we've seen, because of the Shib network being adopted, there are DApps being developed on it, like wallets and exchanges to begin with, and eventually, there will probably be a lot more products and services being built on top of Shib in the future, as long as it continues to hold value. > > Because it isn't just feature that create value. Rather, developers chase after the money. Where there is money, where there are incentives, that's where people will build, and that in itself will grow the ecosystem. > > disclosure: I do not hold any SHIB and never will. ***** Would you like to learn more? [Click here](/r/CryptoCurrency/comments/ovmtu8/rcc_cointest_coin_inquiries_shiba_inu\/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Shiba_Inu) to find arguments on this topic in other rounds.

r/CryptoCurrencySee Comment

#Shiba Inu Pro-Arguments Below is an argument written by cbelaski which won 3rd place in the Shiba Inu Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > Shiba Inu (SHIB) is an ERC-20 token modeled after the king of meme coins Dogecoin. This token has evolved beyond meme status, focusing on decentralization with their own DEX ShibaSwap. > > ShibaSwap utilizes the 3 tokens in the ecosystem (SHIB, LEASH, and BONE) to facilitate transactions and provide rewards. ShibaSwap has gone all in on the theme, renaming staple terms to more dog centric names: stake is now bury and provide liquidity is now dig. This helps to immerse users into the ecosystem and provides a unique aspect to those involved. > > Shiba Inu also has an incubator dedicated to "cultivating an enviromnet which encourages creativity and growth." This incubator helps those in the community with their NFT aspirations and is a large part of their decentralization movement. > > SHIB also has a psychological advantage not many coins can replicate. This comes from the fact that their are 1 QUADRILLION coins in circulation. Having that many coins helps SHIB maintain it's low price and allows users to buy massive amounts of coins for a relatively small investment. While this doesn't really mean much in the grand scheme of things since market cap is what really matters, people are easily swayed by large numbers. > > Looking past the technicals, SHIB is a force to be reckoned with on the community front. Following Dogecoins footsteps, SHIB may have figured out the secret to quick growth and utilization: hype. It doesn't matter how good your product is if no one has heard of you. SHIB has gained a rabid following through the ShibArmy and taking just one look at their subreddit will show you that they have all drank the kool-aid. If they can keep this hype going, SHIB is a meme coin that will stick around for quite some time. > > Others will argue that these meme coins are a negative on the crypto space and only further the idea that this is all fake money, but it is actually the opposite. Hype leads to growing interest which leads to more users in the crypto world. Dogecoin paved the way for meme coins as an entry point for the average person, and Shiba Inu is just the next evolution of that idea. As more users flow into this space and add their fiat into the exchanges, the crypto world as a whole will continue to grow and head towards our ultimate goal of replacing the current financial system. ***** Would you like to learn more? [Click here](/r/CryptoCurrency/comments/ovmtu8/rcc_cointest_coin_inquiries_shiba_inu\/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Shiba_Inu) to find arguments on this topic in other rounds.

r/CryptoCurrencySee Comment

#Shiba Inu Pro-Arguments Below is an argument written by cbelaski which won 3rd place in the Shiba Inu Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > Shiba Inu (SHIB) is an ERC-20 token modeled after the king of meme coins Dogecoin. This token has evolved beyond meme status, focusing on decentralization with their own DEX ShibaSwap. > > ShibaSwap utilizes the 3 tokens in the ecosystem (SHIB, LEASH, and BONE) to facilitate transactions and provide rewards. ShibaSwap has gone all in on the theme, renaming staple terms to more dog centric names: stake is now bury and provide liquidity is now dig. This helps to immerse users into the ecosystem and provides a unique aspect to those involved. > > Shiba Inu also has an incubator dedicated to "cultivating an enviromnet which encourages creativity and growth." This incubator helps those in the community with their NFT aspirations and is a large part of their decentralization movement. > > SHIB also has a psychological advantage not many coins can replicate. This comes from the fact that their are 1 QUADRILLION coins in circulation. Having that many coins helps SHIB maintain it's low price and allows users to buy massive amounts of coins for a relatively small investment. While this doesn't really mean much in the grand scheme of things since market cap is what really matters, people are easily swayed by large numbers. > > Looking past the technicals, SHIB is a force to be reckoned with on the community front. Following Dogecoins footsteps, SHIB may have figured out the secret to quick growth and utilization: hype. It doesn't matter how good your product is if no one has heard of you. SHIB has gained a rabid following through the ShibArmy and taking just one look at their subreddit will show you that they have all drank the kool-aid. If they can keep this hype going, SHIB is a meme coin that will stick around for quite some time. > > Others will argue that these meme coins are a negative on the crypto space and only further the idea that this is all fake money, but it is actually the opposite. Hype leads to growing interest which leads to more users in the crypto world. Dogecoin paved the way for meme coins as an entry point for the average person, and Shiba Inu is just the next evolution of that idea. As more users flow into this space and add their fiat into the exchanges, the crypto world as a whole will continue to grow and head towards our ultimate goal of replacing the current financial system. ***** Would you like to learn more? [Click here](/r/CryptoCurrency/comments/ovmtu8/rcc_cointest_coin_inquiries_shiba_inu\/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Shiba_Inu) to find arguments on this topic in other rounds.

r/CryptoCurrencySee Comment

#Shiba Inu Pro-Arguments Below is an argument written by cbelaski which won 3rd place in the Shiba Inu Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > Shiba Inu (SHIB) is an ERC-20 token modeled after the king of meme coins Dogecoin. This token has evolved beyond meme status, focusing on decentralization with their own DEX ShibaSwap. > > ShibaSwap utilizes the 3 tokens in the ecosystem (SHIB, LEASH, and BONE) to facilitate transactions and provide rewards. ShibaSwap has gone all in on the theme, renaming staple terms to more dog centric names: stake is now bury and provide liquidity is now dig. This helps to immerse users into the ecosystem and provides a unique aspect to those involved. > > Shiba Inu also has an incubator dedicated to "cultivating an enviromnet which encourages creativity and growth." This incubator helps those in the community with their NFT aspirations and is a large part of their decentralization movement. > > SHIB also has a psychological advantage not many coins can replicate. This comes from the fact that their are 1 QUADRILLION coins in circulation. Having that many coins helps SHIB maintain it's low price and allows users to buy massive amounts of coins for a relatively small investment. While this doesn't really mean much in the grand scheme of things since market cap is what really matters, people are easily swayed by large numbers. > > Looking past the technicals, SHIB is a force to be reckoned with on the community front. Following Dogecoins footsteps, SHIB may have figured out the secret to quick growth and utilization: hype. It doesn't matter how good your product is if no one has heard of you. SHIB has gained a rabid following through the ShibArmy and taking just one look at their subreddit will show you that they have all drank the kool-aid. If they can keep this hype going, SHIB is a meme coin that will stick around for quite some time. > > Others will argue that these meme coins are a negative on the crypto space and only further the idea that this is all fake money, but it is actually the opposite. Hype leads to growing interest which leads to more users in the crypto world. Dogecoin paved the way for meme coins as an entry point for the average person, and Shiba Inu is just the next evolution of that idea. As more users flow into this space and add their fiat into the exchanges, the crypto world as a whole will continue to grow and head towards our ultimate goal of replacing the current financial system. ***** Would you like to learn more? [Click here](/r/CryptoCurrency/comments/ovmtu8/rcc_cointest_coin_inquiries_shiba_inu\/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Shiba_Inu) to find arguments on this topic in other rounds.

r/CryptoCurrencySee Comment

#Shiba Inu Pro-Arguments Below is an argument written by warmbookworm which won 2nd place in the Shiba Inu Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > There are several pros to Shiba Inu, as we as several common misconceptions about what value is and what makes something valuable that people who write off memecoins like Shib are usually prone to making. > > First of all, the pros: Shiba Inu is the third most searched for cryptocurrency in 2021. It has grown to become one of the top ten cryptocurrencies by marketcap, even surpassing Dogecoin, the first and by far the biggest memecoin since alt coins existed. This is huge because as we've seen with bitcoin, the first mover advantage is huge; no other coin has come close to surpassing bitcoin yet, despite tens of thousands of coins coming to existence in recent years. > > Shiba Inu clearly has one of the largest network effects in the entire industry, which is arguably the most important metric for any crypto. > > You can easily buy Shib on platforms like Webull, so people who are not into crypto can still get in and buy shib, making it far more accessible than all but the largest and most well-known cryptocurrencies. > > Finally, Shib has great branding. The idea of the "Shib Army" and "Shib to 1 cent" (or even a dollar) is incredibly good marketing, because it gives the community a common identity, as well as a goal to work towards. If we take any other crypto, people might like the coin and want it to go up, but there is no singular goal that everyone can point to and talk about. Thus, people are much less likely to contribute towards the development and branding of the coin. > > Secondly, the "shib-lingo", with LEASH and BONE as well as other parts of the shiba inu ecosystem allows for a much more intuitive understanding of crypto for those who find it too challenging to understand and can't be bothered to learn about all of the ins and outs of crypto itself. It is a great gateway for complete beginners to start understanding all of the different crypto terminology in words and concepts they already understand. > > ---------------------------- > > Now in terms of misconceptions regarding value, most people think that you need to have a "use-case" for value. But what is a use-case? Really, a use-case is just a "feature". i.e they think that every coin has to have some special feature or property that other coins don't have in order for it to be valuable. > > This makes sense intuitively, but isn't how things actually work. Just because something has a unique feature doesn't mean that that feature is useful. For example, if you were to take YouTube's source code today and slightly improve the UI, you would have a "superior YouTube", but no one would use it. > > Network effects far outweigh any features in terms of importance. Furthermore, the idea that features have to come *before* value is intuitive, but actually, as we've seen, because of the Shib network being adopted, there are DApps being developed on it, like wallets and exchanges to begin with, and eventually, there will probably be a lot more products and services being built on top of Shib in the future, as long as it continues to hold value. > > Because it isn't just feature that create value. Rather, developers chase after the money. Where there is money, where there are incentives, that's where people will build, and that in itself will grow the ecosystem. > > disclosure: I do not hold any SHIB and never will. ***** Would you like to learn more? [Click here](/r/CryptoCurrency/comments/ovmtu8/rcc_cointest_coin_inquiries_shiba_inu\/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Shiba_Inu) to find arguments on this topic in other rounds.

r/CryptoMoonShotsSee Comment

Retweet 👇 $BONE 🚀 https://twitter.com/Biconomy_Global/status/1546878558064238598?t=1V3iwZq5WB5klqmhSwTASQ&s=19

Mentions:#BONE
r/CryptoCurrencySee Comment

Look its no use trying to hide this subs HATRED for this token. The thing is, this token Although a meme, Does a better job of being a token than the meme coin it stemmed from. Shib isnt the main token, its a part of an eco system that is used to transfer BONE and other tokens in its ecosystem. Interestingly enough i VERY MUCH expected this token to crash out of existence, The shib army might be strong if you want to say that, but the truth it a lot of the screaming morons and crypto bros have dropped away cos they dont have 7 lambos yet. The sub is slowly getting replaced by people who arnt complete morons. Its regardless if the project is legit, if the people around it are nothing but braindead idiots the project will drop. Look at safemoon, that crap is so low my 10 quid i threw at it in like april or w/e is not even worth a penny at this point. Because it had 0 use, and people rallied round it like it was going to be the next bitcoin. The glaring truth no one wants to admit is there will be no "next" bitcoin, Bitcoin is bitcoin, its the alpha and omega if you will. And hinging your hopes on some terrible coin that didn't even function correctly from day one was useless. Dont get me wrong I'm not here to defend shib or its sub for that matter. But considering its still standing after this quite frankly BRUTAL winter, that has claimed some pretty high profile victims its showing its a project that has some actual substance to it.

Mentions:#BONE
r/CryptoCurrencySee Comment

#Shiba Inu Pro-Arguments Below is an argument written by warmbookworm which won 2nd place in the Shiba Inu Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > There are several pros to Shiba Inu, as we as several common misconceptions about what value is and what makes something valuable that people who write off memecoins like Shib are usually prone to making. > > First of all, the pros: Shiba Inu is the third most searched for cryptocurrency in 2021. It has grown to become one of the top ten cryptocurrencies by marketcap, even surpassing Dogecoin, the first and by far the biggest memecoin since alt coins existed. This is huge because as we've seen with bitcoin, the first mover advantage is huge; no other coin has come close to surpassing bitcoin yet, despite tens of thousands of coins coming to existence in recent years. > > Shiba Inu clearly has one of the largest network effects in the entire industry, which is arguably the most important metric for any crypto. > > You can easily buy Shib on platforms like Webull, so people who are not into crypto can still get in and buy shib, making it far more accessible than all but the largest and most well-known cryptocurrencies. > > Finally, Shib has great branding. The idea of the "Shib Army" and "Shib to 1 cent" (or even a dollar) is incredibly good marketing, because it gives the community a common identity, as well as a goal to work towards. If we take any other crypto, people might like the coin and want it to go up, but there is no singular goal that everyone can point to and talk about. Thus, people are much less likely to contribute towards the development and branding of the coin. > > Secondly, the "shib-lingo", with LEASH and BONE as well as other parts of the shiba inu ecosystem allows for a much more intuitive understanding of crypto for those who find it too challenging to understand and can't be bothered to learn about all of the ins and outs of crypto itself. It is a great gateway for complete beginners to start understanding all of the different crypto terminology in words and concepts they already understand. > > ---------------------------- > > Now in terms of misconceptions regarding value, most people think that you need to have a "use-case" for value. But what is a use-case? Really, a use-case is just a "feature". i.e they think that every coin has to have some special feature or property that other coins don't have in order for it to be valuable. > > This makes sense intuitively, but isn't how things actually work. Just because something has a unique feature doesn't mean that that feature is useful. For example, if you were to take YouTube's source code today and slightly improve the UI, you would have a "superior YouTube", but no one would use it. > > Network effects far outweigh any features in terms of importance. Furthermore, the idea that features have to come *before* value is intuitive, but actually, as we've seen, because of the Shib network being adopted, there are DApps being developed on it, like wallets and exchanges to begin with, and eventually, there will probably be a lot more products and services being built on top of Shib in the future, as long as it continues to hold value. > > Because it isn't just feature that create value. Rather, developers chase after the money. Where there is money, where there are incentives, that's where people will build, and that in itself will grow the ecosystem. > > disclosure: I do not hold any SHIB and never will. ***** Would you like to learn more? [Click here](/r/CryptoCurrency/comments/ovmtu8/rcc_cointest_coin_inquiries_shiba_inu\/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Shiba_Inu) to find arguments on this topic in other rounds.

r/CryptoCurrencySee Comment

#Shiba Inu Pro-Arguments Below is an argument written by warmbookworm which won 2nd place in the Shiba Inu Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > There are several pros to Shiba Inu, as we as several common misconceptions about what value is and what makes something valuable that people who write off memecoins like Shib are usually prone to making. > > First of all, the pros: Shiba Inu is the third most searched for cryptocurrency in 2021. It has grown to become one of the top ten cryptocurrencies by marketcap, even surpassing Dogecoin, the first and by far the biggest memecoin since alt coins existed. This is huge because as we've seen with bitcoin, the first mover advantage is huge; no other coin has come close to surpassing bitcoin yet, despite tens of thousands of coins coming to existence in recent years. > > Shiba Inu clearly has one of the largest network effects in the entire industry, which is arguably the most important metric for any crypto. > > You can easily buy Shib on platforms like Webull, so people who are not into crypto can still get in and buy shib, making it far more accessible than all but the largest and most well-known cryptocurrencies. > > Finally, Shib has great branding. The idea of the "Shib Army" and "Shib to 1 cent" (or even a dollar) is incredibly good marketing, because it gives the community a common identity, as well as a goal to work towards. If we take any other crypto, people might like the coin and want it to go up, but there is no singular goal that everyone can point to and talk about. Thus, people are much less likely to contribute towards the development and branding of the coin. > > Secondly, the "shib-lingo", with LEASH and BONE as well as other parts of the shiba inu ecosystem allows for a much more intuitive understanding of crypto for those who find it too challenging to understand and can't be bothered to learn about all of the ins and outs of crypto itself. It is a great gateway for complete beginners to start understanding all of the different crypto terminology in words and concepts they already understand. > > ---------------------------- > > Now in terms of misconceptions regarding value, most people think that you need to have a "use-case" for value. But what is a use-case? Really, a use-case is just a "feature". i.e they think that every coin has to have some special feature or property that other coins don't have in order for it to be valuable. > > This makes sense intuitively, but isn't how things actually work. Just because something has a unique feature doesn't mean that that feature is useful. For example, if you were to take YouTube's source code today and slightly improve the UI, you would have a "superior YouTube", but no one would use it. > > Network effects far outweigh any features in terms of importance. Furthermore, the idea that features have to come *before* value is intuitive, but actually, as we've seen, because of the Shib network being adopted, there are DApps being developed on it, like wallets and exchanges to begin with, and eventually, there will probably be a lot more products and services being built on top of Shib in the future, as long as it continues to hold value. > > Because it isn't just feature that create value. Rather, developers chase after the money. Where there is money, where there are incentives, that's where people will build, and that in itself will grow the ecosystem. > > disclosure: I do not hold any SHIB and never will. ***** Would you like to learn more? [Click here](/r/CryptoCurrency/comments/ovmtu8/rcc_cointest_coin_inquiries_shiba_inu\/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Shiba_Inu) to find arguments on this topic in other rounds.

r/CryptoCurrencySee Comment

#Shiba Inu Pro-Arguments Below is an argument written by warmbookworm which won 2nd place in the Shiba Inu Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > There are several pros to Shiba Inu, as we as several common misconceptions about what value is and what makes something valuable that people who write off memecoins like Shib are usually prone to making. > > First of all, the pros: Shiba Inu is the third most searched for cryptocurrency in 2021. It has grown to become one of the top ten cryptocurrencies by marketcap, even surpassing Dogecoin, the first and by far the biggest memecoin since alt coins existed. This is huge because as we've seen with bitcoin, the first mover advantage is huge; no other coin has come close to surpassing bitcoin yet, despite tens of thousands of coins coming to existence in recent years. > > Shiba Inu clearly has one of the largest network effects in the entire industry, which is arguably the most important metric for any crypto. > > You can easily buy Shib on platforms like Webull, so people who are not into crypto can still get in and buy shib, making it far more accessible than all but the largest and most well-known cryptocurrencies. > > Finally, Shib has great branding. The idea of the "Shib Army" and "Shib to 1 cent" (or even a dollar) is incredibly good marketing, because it gives the community a common identity, as well as a goal to work towards. If we take any other crypto, people might like the coin and want it to go up, but there is no singular goal that everyone can point to and talk about. Thus, people are much less likely to contribute towards the development and branding of the coin. > > Secondly, the "shib-lingo", with LEASH and BONE as well as other parts of the shiba inu ecosystem allows for a much more intuitive understanding of crypto for those who find it too challenging to understand and can't be bothered to learn about all of the ins and outs of crypto itself. It is a great gateway for complete beginners to start understanding all of the different crypto terminology in words and concepts they already understand. > > ---------------------------- > > Now in terms of misconceptions regarding value, most people think that you need to have a "use-case" for value. But what is a use-case? Really, a use-case is just a "feature". i.e they think that every coin has to have some special feature or property that other coins don't have in order for it to be valuable. > > This makes sense intuitively, but isn't how things actually work. Just because something has a unique feature doesn't mean that that feature is useful. For example, if you were to take YouTube's source code today and slightly improve the UI, you would have a "superior YouTube", but no one would use it. > > Network effects far outweigh any features in terms of importance. Furthermore, the idea that features have to come *before* value is intuitive, but actually, as we've seen, because of the Shib network being adopted, there are DApps being developed on it, like wallets and exchanges to begin with, and eventually, there will probably be a lot more products and services being built on top of Shib in the future, as long as it continues to hold value. > > Because it isn't just feature that create value. Rather, developers chase after the money. Where there is money, where there are incentives, that's where people will build, and that in itself will grow the ecosystem. > > disclosure: I do not hold any SHIB and never will. ***** Would you like to learn more? [Click here](/r/CryptoCurrency/comments/ovmtu8/rcc_cointest_coin_inquiries_shiba_inu\/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Shiba_Inu) to find arguments on this topic in other rounds.

r/CryptoMarketsSee Comment

#Shiba Inu Pro-Arguments Below is an argument written by warmbookworm which won 2nd place in the Shiba Inu Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > There are several pros to Shiba Inu, as we as several common misconceptions about what value is and what makes something valuable that people who write off memecoins like Shib are usually prone to making. > > First of all, the pros: Shiba Inu is the third most searched for cryptocurrency in 2021. It has grown to become one of the top ten cryptocurrencies by marketcap, even surpassing Dogecoin, the first and by far the biggest memecoin since alt coins existed. This is huge because as we've seen with bitcoin, the first mover advantage is huge; no other coin has come close to surpassing bitcoin yet, despite tens of thousands of coins coming to existence in recent years. > > Shiba Inu clearly has one of the largest network effects in the entire industry, which is arguably the most important metric for any crypto. > > You can easily buy Shib on platforms like Webull, so people who are not into crypto can still get in and buy shib, making it far more accessible than all but the largest and most well-known cryptocurrencies. > > Finally, Shib has great branding. The idea of the "Shib Army" and "Shib to 1 cent" (or even a dollar) is incredibly good marketing, because it gives the community a common identity, as well as a goal to work towards. If we take any other crypto, people might like the coin and want it to go up, but there is no singular goal that everyone can point to and talk about. Thus, people are much less likely to contribute towards the development and branding of the coin. > > Secondly, the "shib-lingo", with LEASH and BONE as well as other parts of the shiba inu ecosystem allows for a much more intuitive understanding of crypto for those who find it too challenging to understand and can't be bothered to learn about all of the ins and outs of crypto itself. It is a great gateway for complete beginners to start understanding all of the different crypto terminology in words and concepts they already understand. > > ---------------------------- > > Now in terms of misconceptions regarding value, most people think that you need to have a "use-case" for value. But what is a use-case? Really, a use-case is just a "feature". i.e they think that every coin has to have some special feature or property that other coins don't have in order for it to be valuable. > > This makes sense intuitively, but isn't how things actually work. Just because something has a unique feature doesn't mean that that feature is useful. For example, if you were to take YouTube's source code today and slightly improve the UI, you would have a "superior YouTube", but no one would use it. > > Network effects far outweigh any features in terms of importance. Furthermore, the idea that features have to come *before* value is intuitive, but actually, as we've seen, because of the Shib network being adopted, there are DApps being developed on it, like wallets and exchanges to begin with, and eventually, there will probably be a lot more products and services being built on top of Shib in the future, as long as it continues to hold value. > > Because it isn't just feature that create value. Rather, developers chase after the money. Where there is money, where there are incentives, that's where people will build, and that in itself will grow the ecosystem. > > disclosure: I do not hold any SHIB and never will. ***** Would you like to learn more? [Click here](/r/CryptoCurrency/comments/ovmtu8/rcc_cointest_coin_inquiries_shiba_inu\/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Shiba_Inu) to find arguments on this topic in other rounds.

r/CryptoMarketsSee Comment

#Shiba Inu Pro-Arguments Below is an argument written by cbelaski which won 3rd place in the Shiba Inu Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > Shiba Inu (SHIB) is an ERC-20 token modeled after the king of meme coins Dogecoin. This token has evolved beyond meme status, focusing on decentralization with their own DEX ShibaSwap. > > ShibaSwap utilizes the 3 tokens in the ecosystem (SHIB, LEASH, and BONE) to facilitate transactions and provide rewards. ShibaSwap has gone all in on the theme, renaming staple terms to more dog centric names: stake is now bury and provide liquidity is now dig. This helps to immerse users into the ecosystem and provides a unique aspect to those involved. > > Shiba Inu also has an incubator dedicated to "cultivating an enviromnet which encourages creativity and growth." This incubator helps those in the community with their NFT aspirations and is a large part of their decentralization movement. > > SHIB also has a psychological advantage not many coins can replicate. This comes from the fact that their are 1 QUADRILLION coins in circulation. Having that many coins helps SHIB maintain it's low price and allows users to buy massive amounts of coins for a relatively small investment. While this doesn't really mean much in the grand scheme of things since market cap is what really matters, people are easily swayed by large numbers. > > Looking past the technicals, SHIB is a force to be reckoned with on the community front. Following Dogecoins footsteps, SHIB may have figured out the secret to quick growth and utilization: hype. It doesn't matter how good your product is if no one has heard of you. SHIB has gained a rabid following through the ShibArmy and taking just one look at their subreddit will show you that they have all drank the kool-aid. If they can keep this hype going, SHIB is a meme coin that will stick around for quite some time. > > Others will argue that these meme coins are a negative on the crypto space and only further the idea that this is all fake money, but it is actually the opposite. Hype leads to growing interest which leads to more users in the crypto world. Dogecoin paved the way for meme coins as an entry point for the average person, and Shiba Inu is just the next evolution of that idea. As more users flow into this space and add their fiat into the exchanges, the crypto world as a whole will continue to grow and head towards our ultimate goal of replacing the current financial system. ***** Would you like to learn more? [Click here](/r/CryptoCurrency/comments/ovmtu8/rcc_cointest_coin_inquiries_shiba_inu\/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Shiba_Inu) to find arguments on this topic in other rounds.

r/CryptoMarketsSee Comment

#Shiba Inu Pro-Arguments Below is an argument written by warmbookworm which won 2nd place in the Shiba Inu Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > There are several pros to Shiba Inu, as we as several common misconceptions about what value is and what makes something valuable that people who write off memecoins like Shib are usually prone to making. > > First of all, the pros: Shiba Inu is the third most searched for cryptocurrency in 2021. It has grown to become one of the top ten cryptocurrencies by marketcap, even surpassing Dogecoin, the first and by far the biggest memecoin since alt coins existed. This is huge because as we've seen with bitcoin, the first mover advantage is huge; no other coin has come close to surpassing bitcoin yet, despite tens of thousands of coins coming to existence in recent years. > > Shiba Inu clearly has one of the largest network effects in the entire industry, which is arguably the most important metric for any crypto. > > You can easily buy Shib on platforms like Webull, so people who are not into crypto can still get in and buy shib, making it far more accessible than all but the largest and most well-known cryptocurrencies. > > Finally, Shib has great branding. The idea of the "Shib Army" and "Shib to 1 cent" (or even a dollar) is incredibly good marketing, because it gives the community a common identity, as well as a goal to work towards. If we take any other crypto, people might like the coin and want it to go up, but there is no singular goal that everyone can point to and talk about. Thus, people are much less likely to contribute towards the development and branding of the coin. > > Secondly, the "shib-lingo", with LEASH and BONE as well as other parts of the shiba inu ecosystem allows for a much more intuitive understanding of crypto for those who find it too challenging to understand and can't be bothered to learn about all of the ins and outs of crypto itself. It is a great gateway for complete beginners to start understanding all of the different crypto terminology in words and concepts they already understand. > > ---------------------------- > > Now in terms of misconceptions regarding value, most people think that you need to have a "use-case" for value. But what is a use-case? Really, a use-case is just a "feature". i.e they think that every coin has to have some special feature or property that other coins don't have in order for it to be valuable. > > This makes sense intuitively, but isn't how things actually work. Just because something has a unique feature doesn't mean that that feature is useful. For example, if you were to take YouTube's source code today and slightly improve the UI, you would have a "superior YouTube", but no one would use it. > > Network effects far outweigh any features in terms of importance. Furthermore, the idea that features have to come *before* value is intuitive, but actually, as we've seen, because of the Shib network being adopted, there are DApps being developed on it, like wallets and exchanges to begin with, and eventually, there will probably be a lot more products and services being built on top of Shib in the future, as long as it continues to hold value. > > Because it isn't just feature that create value. Rather, developers chase after the money. Where there is money, where there are incentives, that's where people will build, and that in itself will grow the ecosystem. > > disclosure: I do not hold any SHIB and never will. ***** Would you like to learn more? [Click here](/r/CryptoCurrency/comments/ovmtu8/rcc_cointest_coin_inquiries_shiba_inu\/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Shiba_Inu) to find arguments on this topic in other rounds.

r/CryptoMarketsSee Comment

#Shiba Inu Pro-Arguments Below is an argument written by cbelaski which won 3rd place in the Shiba Inu Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > Shiba Inu (SHIB) is an ERC-20 token modeled after the king of meme coins Dogecoin. This token has evolved beyond meme status, focusing on decentralization with their own DEX ShibaSwap. > > ShibaSwap utilizes the 3 tokens in the ecosystem (SHIB, LEASH, and BONE) to facilitate transactions and provide rewards. ShibaSwap has gone all in on the theme, renaming staple terms to more dog centric names: stake is now bury and provide liquidity is now dig. This helps to immerse users into the ecosystem and provides a unique aspect to those involved. > > Shiba Inu also has an incubator dedicated to "cultivating an enviromnet which encourages creativity and growth." This incubator helps those in the community with their NFT aspirations and is a large part of their decentralization movement. > > SHIB also has a psychological advantage not many coins can replicate. This comes from the fact that their are 1 QUADRILLION coins in circulation. Having that many coins helps SHIB maintain it's low price and allows users to buy massive amounts of coins for a relatively small investment. While this doesn't really mean much in the grand scheme of things since market cap is what really matters, people are easily swayed by large numbers. > > Looking past the technicals, SHIB is a force to be reckoned with on the community front. Following Dogecoins footsteps, SHIB may have figured out the secret to quick growth and utilization: hype. It doesn't matter how good your product is if no one has heard of you. SHIB has gained a rabid following through the ShibArmy and taking just one look at their subreddit will show you that they have all drank the kool-aid. If they can keep this hype going, SHIB is a meme coin that will stick around for quite some time. > > Others will argue that these meme coins are a negative on the crypto space and only further the idea that this is all fake money, but it is actually the opposite. Hype leads to growing interest which leads to more users in the crypto world. Dogecoin paved the way for meme coins as an entry point for the average person, and Shiba Inu is just the next evolution of that idea. As more users flow into this space and add their fiat into the exchanges, the crypto world as a whole will continue to grow and head towards our ultimate goal of replacing the current financial system. ***** Would you like to learn more? [Click here](/r/CryptoCurrency/comments/ovmtu8/rcc_cointest_coin_inquiries_shiba_inu\/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Shiba_Inu) to find arguments on this topic in other rounds.

r/CryptoCurrencySee Comment

SHIB - the original token released in 2020. LEASH - launched in 2021 meant to equal 100x the value of DOGE (I believe). This token has evolved into something needed for minting NFTs and other things. BONE - released in 2021 alongside LEASH, this token is the SHIB ecosystem’s governance token. Once Shibarium releases, SHIB’s L2, it will be used for voting and as gas. Shi - SHIB’s stable coin set to release in 2022, supposedly with Shibarium. I don’t know the specifics about this token, unfortunately.

r/CryptoCurrencySee Comment

SHIB, BONE, LEASH, SHI, TREAT - 5 coins so far? how did they figure out how to put so many shitcoins into their projects? Definitely just a way to turn people into bag holders and suck up more market cap then they would otherwise get. Seems like a pathetic move.

r/CryptoCurrencySee Comment

#Shiba Inu Pro-Arguments Below is an argument written by warmbookworm which won 2nd place in the Shiba Inu Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > There are several pros to Shiba Inu, as we as several common misconceptions about what value is and what makes something valuable that people who write off memecoins like Shib are usually prone to making. > > First of all, the pros: Shiba Inu is the third most searched for cryptocurrency in 2021. It has grown to become one of the top ten cryptocurrencies by marketcap, even surpassing Dogecoin, the first and by far the biggest memecoin since alt coins existed. This is huge because as we've seen with bitcoin, the first mover advantage is huge; no other coin has come close to surpassing bitcoin yet, despite tens of thousands of coins coming to existence in recent years. > > Shiba Inu clearly has one of the largest network effects in the entire industry, which is arguably the most important metric for any crypto. > > You can easily buy Shib on platforms like Webull, so people who are not into crypto can still get in and buy shib, making it far more accessible than all but the largest and most well-known cryptocurrencies. > > Finally, Shib has great branding. The idea of the "Shib Army" and "Shib to 1 cent" (or even a dollar) is incredibly good marketing, because it gives the community a common identity, as well as a goal to work towards. If we take any other crypto, people might like the coin and want it to go up, but there is no singular goal that everyone can point to and talk about. Thus, people are much less likely to contribute towards the development and branding of the coin. > > Secondly, the "shib-lingo", with LEASH and BONE as well as other parts of the shiba inu ecosystem allows for a much more intuitive understanding of crypto for those who find it too challenging to understand and can't be bothered to learn about all of the ins and outs of crypto itself. It is a great gateway for complete beginners to start understanding all of the different crypto terminology in words and concepts they already understand. > > ---------------------------- > > Now in terms of misconceptions regarding value, most people think that you need to have a "use-case" for value. But what is a use-case? Really, a use-case is just a "feature". i.e they think that every coin has to have some special feature or property that other coins don't have in order for it to be valuable. > > This makes sense intuitively, but isn't how things actually work. Just because something has a unique feature doesn't mean that that feature is useful. For example, if you were to take YouTube's source code today and slightly improve the UI, you would have a "superior YouTube", but no one would use it. > > Network effects far outweigh any features in terms of importance. Furthermore, the idea that features have to come *before* value is intuitive, but actually, as we've seen, because of the Shib network being adopted, there are DApps being developed on it, like wallets and exchanges to begin with, and eventually, there will probably be a lot more products and services being built on top of Shib in the future, as long as it continues to hold value. > > Because it isn't just feature that create value. Rather, developers chase after the money. Where there is money, where there are incentives, that's where people will build, and that in itself will grow the ecosystem. > > disclosure: I do not hold any SHIB and never will. ***** Would you like to learn more? [Click here](/r/CryptoCurrency/comments/ovmtu8/rcc_cointest_coin_inquiries_shiba_inu\/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Shiba_Inu) to find arguments on this topic in other rounds.

r/CryptoMarketsSee Comment

I would go straight to shibaswap and buy BONE 🍖 token. Shibs Shibarium is about to launch over next few months . The Bone token will be the governance token for Shibarium. You will need to set up MetaMask or similar and buy ethereum tk swap for bone 🍖 I will revisit this response in three months and it will be interest to see how we go versus more conservative suggestions

Mentions:#BONE
r/CryptoMarketsSee Comment

#Shiba Inu Pro-Arguments Below is an argument written by warmbookworm which won 2nd place in the Shiba Inu Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > There are several pros to Shiba Inu, as we as several common misconceptions about what value is and what makes something valuable that people who write off memecoins like Shib are usually prone to making. > > First of all, the pros: Shiba Inu is the third most searched for cryptocurrency in 2021. It has grown to become one of the top ten cryptocurrencies by marketcap, even surpassing Dogecoin, the first and by far the biggest memecoin since alt coins existed. This is huge because as we've seen with bitcoin, the first mover advantage is huge; no other coin has come close to surpassing bitcoin yet, despite tens of thousands of coins coming to existence in recent years. > > Shiba Inu clearly has one of the largest network effects in the entire industry, which is arguably the most important metric for any crypto. > > You can easily buy Shib on platforms like Webull, so people who are not into crypto can still get in and buy shib, making it far more accessible than all but the largest and most well-known cryptocurrencies. > > Finally, Shib has great branding. The idea of the "Shib Army" and "Shib to 1 cent" (or even a dollar) is incredibly good marketing, because it gives the community a common identity, as well as a goal to work towards. If we take any other crypto, people might like the coin and want it to go up, but there is no singular goal that everyone can point to and talk about. Thus, people are much less likely to contribute towards the development and branding of the coin. > > Secondly, the "shib-lingo", with LEASH and BONE as well as other parts of the shiba inu ecosystem allows for a much more intuitive understanding of crypto for those who find it too challenging to understand and can't be bothered to learn about all of the ins and outs of crypto itself. It is a great gateway for complete beginners to start understanding all of the different crypto terminology in words and concepts they already understand. > > ---------------------------- > > Now in terms of misconceptions regarding value, most people think that you need to have a "use-case" for value. But what is a use-case? Really, a use-case is just a "feature". i.e they think that every coin has to have some special feature or property that other coins don't have in order for it to be valuable. > > This makes sense intuitively, but isn't how things actually work. Just because something has a unique feature doesn't mean that that feature is useful. For example, if you were to take YouTube's source code today and slightly improve the UI, you would have a "superior YouTube", but no one would use it. > > Network effects far outweigh any features in terms of importance. Furthermore, the idea that features have to come *before* value is intuitive, but actually, as we've seen, because of the Shib network being adopted, there are DApps being developed on it, like wallets and exchanges to begin with, and eventually, there will probably be a lot more products and services being built on top of Shib in the future, as long as it continues to hold value. > > Because it isn't just feature that create value. Rather, developers chase after the money. Where there is money, where there are incentives, that's where people will build, and that in itself will grow the ecosystem. > > disclosure: I do not hold any SHIB and never will. ***** Would you like to learn more? [Click here](/r/CryptoCurrency/comments/ovmtu8/rcc_cointest_coin_inquiries_shiba_inu\/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Shiba_Inu) to find arguments on this topic in other rounds.

r/CryptoCurrencySee Comment

#Shiba Inu Pro-Arguments Below is an argument written by warmbookworm which won 2nd place in the Shiba Inu Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > There are several pros to Shiba Inu, as we as several common misconceptions about what value is and what makes something valuable that people who write off memecoins like Shib are usually prone to making. > > First of all, the pros: Shiba Inu is the third most searched for cryptocurrency in 2021. It has grown to become one of the top ten cryptocurrencies by marketcap, even surpassing Dogecoin, the first and by far the biggest memecoin since alt coins existed. This is huge because as we've seen with bitcoin, the first mover advantage is huge; no other coin has come close to surpassing bitcoin yet, despite tens of thousands of coins coming to existence in recent years. > > Shiba Inu clearly has one of the largest network effects in the entire industry, which is arguably the most important metric for any crypto. > > You can easily buy Shib on platforms like Webull, so people who are not into crypto can still get in and buy shib, making it far more accessible than all but the largest and most well-known cryptocurrencies. > > Finally, Shib has great branding. The idea of the "Shib Army" and "Shib to 1 cent" (or even a dollar) is incredibly good marketing, because it gives the community a common identity, as well as a goal to work towards. If we take any other crypto, people might like the coin and want it to go up, but there is no singular goal that everyone can point to and talk about. Thus, people are much less likely to contribute towards the development and branding of the coin. > > Secondly, the "shib-lingo", with LEASH and BONE as well as other parts of the shiba inu ecosystem allows for a much more intuitive understanding of crypto for those who find it too challenging to understand and can't be bothered to learn about all of the ins and outs of crypto itself. It is a great gateway for complete beginners to start understanding all of the different crypto terminology in words and concepts they already understand. > > ---------------------------- > > Now in terms of misconceptions regarding value, most people think that you need to have a "use-case" for value. But what is a use-case? Really, a use-case is just a "feature". i.e they think that every coin has to have some special feature or property that other coins don't have in order for it to be valuable. > > This makes sense intuitively, but isn't how things actually work. Just because something has a unique feature doesn't mean that that feature is useful. For example, if you were to take YouTube's source code today and slightly improve the UI, you would have a "superior YouTube", but no one would use it. > > Network effects far outweigh any features in terms of importance. Furthermore, the idea that features have to come *before* value is intuitive, but actually, as we've seen, because of the Shib network being adopted, there are DApps being developed on it, like wallets and exchanges to begin with, and eventually, there will probably be a lot more products and services being built on top of Shib in the future, as long as it continues to hold value. > > Because it isn't just feature that create value. Rather, developers chase after the money. Where there is money, where there are incentives, that's where people will build, and that in itself will grow the ecosystem. > > disclosure: I do not hold any SHIB and never will. ***** Would you like to learn more? [Click here](/r/CryptoCurrency/comments/ovmtu8/rcc_cointest_coin_inquiries_shiba_inu\/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Shiba_Inu) to find arguments on this topic in other rounds.

r/CryptoCurrencySee Comment

Yeah blue chips like SHIBA INU, BONE SHIBASWAP, and DOGE KILLER LEASH will make you a fortune. Bring on the downvotes. I'll see you wankers on the other side! WAGMI bitches!

r/CryptoCurrencySee Comment

#Shiba Inu Pro-Arguments Below is an argument written by warmbookworm which won 2nd place in the Shiba Inu Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > There are several pros to Shiba Inu, as we as several common misconceptions about what value is and what makes something valuable that people who write off memecoins like Shib are usually prone to making. > > First of all, the pros: Shiba Inu is the third most searched for cryptocurrency in 2021. It has grown to become one of the top ten cryptocurrencies by marketcap, even surpassing Dogecoin, the first and by far the biggest memecoin since alt coins existed. This is huge because as we've seen with bitcoin, the first mover advantage is huge; no other coin has come close to surpassing bitcoin yet, despite tens of thousands of coins coming to existence in recent years. > > Shiba Inu clearly has one of the largest network effects in the entire industry, which is arguably the most important metric for any crypto. > > You can easily buy Shib on platforms like Webull, so people who are not into crypto can still get in and buy shib, making it far more accessible than all but the largest and most well-known cryptocurrencies. > > Finally, Shib has great branding. The idea of the "Shib Army" and "Shib to 1 cent" (or even a dollar) is incredibly good marketing, because it gives the community a common identity, as well as a goal to work towards. If we take any other crypto, people might like the coin and want it to go up, but there is no singular goal that everyone can point to and talk about. Thus, people are much less likely to contribute towards the development and branding of the coin. > > Secondly, the "shib-lingo", with LEASH and BONE as well as other parts of the shiba inu ecosystem allows for a much more intuitive understanding of crypto for those who find it too challenging to understand and can't be bothered to learn about all of the ins and outs of crypto itself. It is a great gateway for complete beginners to start understanding all of the different crypto terminology in words and concepts they already understand. > > ---------------------------- > > Now in terms of misconceptions regarding value, most people think that you need to have a "use-case" for value. But what is a use-case? Really, a use-case is just a "feature". i.e they think that every coin has to have some special feature or property that other coins don't have in order for it to be valuable. > > This makes sense intuitively, but isn't how things actually work. Just because something has a unique feature doesn't mean that that feature is useful. For example, if you were to take YouTube's source code today and slightly improve the UI, you would have a "superior YouTube", but no one would use it. > > Network effects far outweigh any features in terms of importance. Furthermore, the idea that features have to come *before* value is intuitive, but actually, as we've seen, because of the Shib network being adopted, there are DApps being developed on it, like wallets and exchanges to begin with, and eventually, there will probably be a lot more products and services being built on top of Shib in the future, as long as it continues to hold value. > > Because it isn't just feature that create value. Rather, developers chase after the money. Where there is money, where there are incentives, that's where people will build, and that in itself will grow the ecosystem. > > disclosure: I do not hold any SHIB and never will. ***** Would you like to learn more? [Click here](/r/CryptoCurrency/comments/ovmtu8/rcc_cointest_coin_inquiries_shiba_inu\/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Shiba_Inu) to find arguments on this topic in other rounds.

r/CryptoCurrencySee Comment

BONE 🍖

Mentions:#BONE
r/CryptoCurrencySee Comment

#Shiba Inu Pro-Arguments Below is an argument written by warmbookworm which won 2nd place in the Shiba Inu Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > There are several pros to Shiba Inu, as we as several common misconceptions about what value is and what makes something valuable that people who write off memecoins like Shib are usually prone to making. > > First of all, the pros: Shiba Inu is the third most searched for cryptocurrency in 2021. It has grown to become one of the top ten cryptocurrencies by marketcap, even surpassing Dogecoin, the first and by far the biggest memecoin since alt coins existed. This is huge because as we've seen with bitcoin, the first mover advantage is huge; no other coin has come close to surpassing bitcoin yet, despite tens of thousands of coins coming to existence in recent years. > > Shiba Inu clearly has one of the largest network effects in the entire industry, which is arguably the most important metric for any crypto. > > You can easily buy Shib on platforms like Webull, so people who are not into crypto can still get in and buy shib, making it far more accessible than all but the largest and most well-known cryptocurrencies. > > Finally, Shib has great branding. The idea of the "Shib Army" and "Shib to 1 cent" (or even a dollar) is incredibly good marketing, because it gives the community a common identity, as well as a goal to work towards. If we take any other crypto, people might like the coin and want it to go up, but there is no singular goal that everyone can point to and talk about. Thus, people are much less likely to contribute towards the development and branding of the coin. > > Secondly, the "shib-lingo", with LEASH and BONE as well as other parts of the shiba inu ecosystem allows for a much more intuitive understanding of crypto for those who find it too challenging to understand and can't be bothered to learn about all of the ins and outs of crypto itself. It is a great gateway for complete beginners to start understanding all of the different crypto terminology in words and concepts they already understand. > > ---------------------------- > > Now in terms of misconceptions regarding value, most people think that you need to have a "use-case" for value. But what is a use-case? Really, a use-case is just a "feature". i.e they think that every coin has to have some special feature or property that other coins don't have in order for it to be valuable. > > This makes sense intuitively, but isn't how things actually work. Just because something has a unique feature doesn't mean that that feature is useful. For example, if you were to take YouTube's source code today and slightly improve the UI, you would have a "superior YouTube", but no one would use it. > > Network effects far outweigh any features in terms of importance. Furthermore, the idea that features have to come *before* value is intuitive, but actually, as we've seen, because of the Shib network being adopted, there are DApps being developed on it, like wallets and exchanges to begin with, and eventually, there will probably be a lot more products and services being built on top of Shib in the future, as long as it continues to hold value. > > Because it isn't just feature that create value. Rather, developers chase after the money. Where there is money, where there are incentives, that's where people will build, and that in itself will grow the ecosystem. > > disclosure: I do not hold any SHIB and never will. ***** Would you like to learn more? [Click here](/r/CryptoCurrency/comments/ovmtu8/rcc_cointest_coin_inquiries_shiba_inu\/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Shiba_Inu) to find arguments on this topic in other rounds.

r/CryptoCurrencySee Comment

#Shiba Inu Pro-Arguments Below is an argument written by cbelaski which won 3rd place in the Shiba Inu Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > Shiba Inu (SHIB) is an ERC-20 token modeled after the king of meme coins Dogecoin. This token has evolved beyond meme status, focusing on decentralization with their own DEX ShibaSwap. > > ShibaSwap utilizes the 3 tokens in the ecosystem (SHIB, LEASH, and BONE) to facilitate transactions and provide rewards. ShibaSwap has gone all in on the theme, renaming staple terms to more dog centric names: stake is now bury and provide liquidity is now dig. This helps to immerse users into the ecosystem and provides a unique aspect to those involved. > > Shiba Inu also has an incubator dedicated to "cultivating an enviromnet which encourages creativity and growth." This incubator helps those in the community with their NFT aspirations and is a large part of their decentralization movement. > > SHIB also has a psychological advantage not many coins can replicate. This comes from the fact that their are 1 QUADRILLION coins in circulation. Having that many coins helps SHIB maintain it's low price and allows users to buy massive amounts of coins for a relatively small investment. While this doesn't really mean much in the grand scheme of things since market cap is what really matters, people are easily swayed by large numbers. > > Looking past the technicals, SHIB is a force to be reckoned with on the community front. Following Dogecoins footsteps, SHIB may have figured out the secret to quick growth and utilization: hype. It doesn't matter how good your product is if no one has heard of you. SHIB has gained a rabid following through the ShibArmy and taking just one look at their subreddit will show you that they have all drank the kool-aid. If they can keep this hype going, SHIB is a meme coin that will stick around for quite some time. > > Others will argue that these meme coins are a negative on the crypto space and only further the idea that this is all fake money, but it is actually the opposite. Hype leads to growing interest which leads to more users in the crypto world. Dogecoin paved the way for meme coins as an entry point for the average person, and Shiba Inu is just the next evolution of that idea. As more users flow into this space and add their fiat into the exchanges, the crypto world as a whole will continue to grow and head towards our ultimate goal of replacing the current financial system. ***** Would you like to learn more? [Click here](/r/CryptoCurrency/comments/ovmtu8/rcc_cointest_coin_inquiries_shiba_inu\/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Shiba_Inu) to find arguments on this topic in other rounds.

r/CryptoCurrencySee Comment

#Shiba Inu Pro-Arguments Below is an argument written by cbelaski which won 3rd place in the Shiba Inu Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > Shiba Inu (SHIB) is an ERC-20 token modeled after the king of meme coins Dogecoin. This token has evolved beyond meme status, focusing on decentralization with their own DEX ShibaSwap. > > ShibaSwap utilizes the 3 tokens in the ecosystem (SHIB, LEASH, and BONE) to facilitate transactions and provide rewards. ShibaSwap has gone all in on the theme, renaming staple terms to more dog centric names: stake is now bury and provide liquidity is now dig. This helps to immerse users into the ecosystem and provides a unique aspect to those involved. > > Shiba Inu also has an incubator dedicated to "cultivating an enviromnet which encourages creativity and growth." This incubator helps those in the community with their NFT aspirations and is a large part of their decentralization movement. > > SHIB also has a psychological advantage not many coins can replicate. This comes from the fact that their are 1 QUADRILLION coins in circulation. Having that many coins helps SHIB maintain it's low price and allows users to buy massive amounts of coins for a relatively small investment. While this doesn't really mean much in the grand scheme of things since market cap is what really matters, people are easily swayed by large numbers. > > Looking past the technicals, SHIB is a force to be reckoned with on the community front. Following Dogecoins footsteps, SHIB may have figured out the secret to quick growth and utilization: hype. It doesn't matter how good your product is if no one has heard of you. SHIB has gained a rabid following through the ShibArmy and taking just one look at their subreddit will show you that they have all drank the kool-aid. If they can keep this hype going, SHIB is a meme coin that will stick around for quite some time. > > Others will argue that these meme coins are a negative on the crypto space and only further the idea that this is all fake money, but it is actually the opposite. Hype leads to growing interest which leads to more users in the crypto world. Dogecoin paved the way for meme coins as an entry point for the average person, and Shiba Inu is just the next evolution of that idea. As more users flow into this space and add their fiat into the exchanges, the crypto world as a whole will continue to grow and head towards our ultimate goal of replacing the current financial system. ***** Would you like to learn more? [Click here](/r/CryptoCurrency/comments/ovmtu8/rcc_cointest_coin_inquiries_shiba_inu\/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Shiba_Inu) to find arguments on this topic in other rounds.

r/CryptoCurrencySee Comment

#Shiba Inu Pro-Arguments Below is an argument written by cbelaski which won 3rd place in the Shiba Inu Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > Shiba Inu (SHIB) is an ERC-20 token modeled after the king of meme coins Dogecoin. This token has evolved beyond meme status, focusing on decentralization with their own DEX ShibaSwap. > > ShibaSwap utilizes the 3 tokens in the ecosystem (SHIB, LEASH, and BONE) to facilitate transactions and provide rewards. ShibaSwap has gone all in on the theme, renaming staple terms to more dog centric names: stake is now bury and provide liquidity is now dig. This helps to immerse users into the ecosystem and provides a unique aspect to those involved. > > Shiba Inu also has an incubator dedicated to "cultivating an enviromnet which encourages creativity and growth." This incubator helps those in the community with their NFT aspirations and is a large part of their decentralization movement. > > SHIB also has a psychological advantage not many coins can replicate. This comes from the fact that their are 1 QUADRILLION coins in circulation. Having that many coins helps SHIB maintain it's low price and allows users to buy massive amounts of coins for a relatively small investment. While this doesn't really mean much in the grand scheme of things since market cap is what really matters, people are easily swayed by large numbers. > > Looking past the technicals, SHIB is a force to be reckoned with on the community front. Following Dogecoins footsteps, SHIB may have figured out the secret to quick growth and utilization: hype. It doesn't matter how good your product is if no one has heard of you. SHIB has gained a rabid following through the ShibArmy and taking just one look at their subreddit will show you that they have all drank the kool-aid. If they can keep this hype going, SHIB is a meme coin that will stick around for quite some time. > > Others will argue that these meme coins are a negative on the crypto space and only further the idea that this is all fake money, but it is actually the opposite. Hype leads to growing interest which leads to more users in the crypto world. Dogecoin paved the way for meme coins as an entry point for the average person, and Shiba Inu is just the next evolution of that idea. As more users flow into this space and add their fiat into the exchanges, the crypto world as a whole will continue to grow and head towards our ultimate goal of replacing the current financial system. ***** Would you like to learn more? [Click here](/r/CryptoCurrency/comments/ovmtu8/rcc_cointest_coin_inquiries_shiba_inu\/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Shiba_Inu) to find arguments on this topic in other rounds.

r/CryptoCurrencySee Comment

tldr; Italian fast-food restaurant Welly has announced that the Shiba Inu community will now have a 15% ownership stake in its business. Welly will burn a certain percentage of revenue received in SHIB tokens. The Shiba Army will handle SHIB's activities through the BONE DAO. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

r/CryptoCurrencySee Comment

Wonder why no one is mentioning SHIB... They made promises for SHIB-Token that have not yet been fulfilled but since created BONE and LEASH, 2 additional tokens also only backed by promises for features that have never arrived and likely won't ever arrive. It's like every time the people grow impatient waiting for one feature, the devs hype a totally new feature that also never comes and the investors just gobble it up...

r/CryptoCurrencySee Comment

#Shiba Inu Pro-Arguments Below is an argument written by warmbookworm which won 2nd place in the Shiba Inu Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > There are several pros to Shiba Inu, as we as several common misconceptions about what value is and what makes something valuable that people who write off memecoins like Shib are usually prone to making. > > First of all, the pros: Shiba Inu is the third most searched for cryptocurrency in 2021. It has grown to become one of the top ten cryptocurrencies by marketcap, even surpassing Dogecoin, the first and by far the biggest memecoin since alt coins existed. This is huge because as we've seen with bitcoin, the first mover advantage is huge; no other coin has come close to surpassing bitcoin yet, despite tens of thousands of coins coming to existence in recent years. > > Shiba Inu clearly has one of the largest network effects in the entire industry, which is arguably the most important metric for any crypto. > > You can easily buy Shib on platforms like Webull, so people who are not into crypto can still get in and buy shib, making it far more accessible than all but the largest and most well-known cryptocurrencies. > > Finally, Shib has great branding. The idea of the "Shib Army" and "Shib to 1 cent" (or even a dollar) is incredibly good marketing, because it gives the community a common identity, as well as a goal to work towards. If we take any other crypto, people might like the coin and want it to go up, but there is no singular goal that everyone can point to and talk about. Thus, people are much less likely to contribute towards the development and branding of the coin. > > Secondly, the "shib-lingo", with LEASH and BONE as well as other parts of the shiba inu ecosystem allows for a much more intuitive understanding of crypto for those who find it too challenging to understand and can't be bothered to learn about all of the ins and outs of crypto itself. It is a great gateway for complete beginners to start understanding all of the different crypto terminology in words and concepts they already understand. > > ---------------------------- > > Now in terms of misconceptions regarding value, most people think that you need to have a "use-case" for value. But what is a use-case? Really, a use-case is just a "feature". i.e they think that every coin has to have some special feature or property that other coins don't have in order for it to be valuable. > > This makes sense intuitively, but isn't how things actually work. Just because something has a unique feature doesn't mean that that feature is useful. For example, if you were to take YouTube's source code today and slightly improve the UI, you would have a "superior YouTube", but no one would use it. > > Network effects far outweigh any features in terms of importance. Furthermore, the idea that features have to come *before* value is intuitive, but actually, as we've seen, because of the Shib network being adopted, there are DApps being developed on it, like wallets and exchanges to begin with, and eventually, there will probably be a lot more products and services being built on top of Shib in the future, as long as it continues to hold value. > > Because it isn't just feature that create value. Rather, developers chase after the money. Where there is money, where there are incentives, that's where people will build, and that in itself will grow the ecosystem. > > disclosure: I do not hold any SHIB and never will. ***** Would you like to learn more? [Click here](/r/CryptoCurrency/comments/ovmtu8/rcc_cointest_coin_inquiries_shiba_inu\/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Shiba_Inu) to find arguments on this topic in other rounds.

r/CryptoMarketsSee Comment

#Shiba Inu Pro-Arguments Below is an argument written by cbelaski which won 3rd place in the Shiba Inu Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > Shiba Inu (SHIB) is an ERC-20 token modeled after the king of meme coins Dogecoin. This token has evolved beyond meme status, focusing on decentralization with their own DEX ShibaSwap. > > ShibaSwap utilizes the 3 tokens in the ecosystem (SHIB, LEASH, and BONE) to facilitate transactions and provide rewards. ShibaSwap has gone all in on the theme, renaming staple terms to more dog centric names: stake is now bury and provide liquidity is now dig. This helps to immerse users into the ecosystem and provides a unique aspect to those involved. > > Shiba Inu also has an incubator dedicated to "cultivating an enviromnet which encourages creativity and growth." This incubator helps those in the community with their NFT aspirations and is a large part of their decentralization movement. > > SHIB also has a psychological advantage not many coins can replicate. This comes from the fact that their are 1 QUADRILLION coins in circulation. Having that many coins helps SHIB maintain it's low price and allows users to buy massive amounts of coins for a relatively small investment. While this doesn't really mean much in the grand scheme of things since market cap is what really matters, people are easily swayed by large numbers. > > Looking past the technicals, SHIB is a force to be reckoned with on the community front. Following Dogecoins footsteps, SHIB may have figured out the secret to quick growth and utilization: hype. It doesn't matter how good your product is if no one has heard of you. SHIB has gained a rabid following through the ShibArmy and taking just one look at their subreddit will show you that they have all drank the kool-aid. If they can keep this hype going, SHIB is a meme coin that will stick around for quite some time. > > Others will argue that these meme coins are a negative on the crypto space and only further the idea that this is all fake money, but it is actually the opposite. Hype leads to growing interest which leads to more users in the crypto world. Dogecoin paved the way for meme coins as an entry point for the average person, and Shiba Inu is just the next evolution of that idea. As more users flow into this space and add their fiat into the exchanges, the crypto world as a whole will continue to grow and head towards our ultimate goal of replacing the current financial system. ***** Would you like to learn more? [Click here](/r/CryptoCurrency/comments/ovmtu8/rcc_cointest_coin_inquiries_shiba_inu\/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Shiba_Inu) to find arguments on this topic in other rounds.

r/CryptoCurrencySee Comment

#Shiba Inu Pro-Arguments Below is an argument written by warmbookworm which won 2nd place in the Shiba Inu Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > There are several pros to Shiba Inu, as we as several common misconceptions about what value is and what makes something valuable that people who write off memecoins like Shib are usually prone to making. > > First of all, the pros: Shiba Inu is the third most searched for cryptocurrency in 2021. It has grown to become one of the top ten cryptocurrencies by marketcap, even surpassing Dogecoin, the first and by far the biggest memecoin since alt coins existed. This is huge because as we've seen with bitcoin, the first mover advantage is huge; no other coin has come close to surpassing bitcoin yet, despite tens of thousands of coins coming to existence in recent years. > > Shiba Inu clearly has one of the largest network effects in the entire industry, which is arguably the most important metric for any crypto. > > You can easily buy Shib on platforms like Webull, so people who are not into crypto can still get in and buy shib, making it far more accessible than all but the largest and most well-known cryptocurrencies. > > Finally, Shib has great branding. The idea of the "Shib Army" and "Shib to 1 cent" (or even a dollar) is incredibly good marketing, because it gives the community a common identity, as well as a goal to work towards. If we take any other crypto, people might like the coin and want it to go up, but there is no singular goal that everyone can point to and talk about. Thus, people are much less likely to contribute towards the development and branding of the coin. > > Secondly, the "shib-lingo", with LEASH and BONE as well as other parts of the shiba inu ecosystem allows for a much more intuitive understanding of crypto for those who find it too challenging to understand and can't be bothered to learn about all of the ins and outs of crypto itself. It is a great gateway for complete beginners to start understanding all of the different crypto terminology in words and concepts they already understand. > > ---------------------------- > > Now in terms of misconceptions regarding value, most people think that you need to have a "use-case" for value. But what is a use-case? Really, a use-case is just a "feature". i.e they think that every coin has to have some special feature or property that other coins don't have in order for it to be valuable. > > This makes sense intuitively, but isn't how things actually work. Just because something has a unique feature doesn't mean that that feature is useful. For example, if you were to take YouTube's source code today and slightly improve the UI, you would have a "superior YouTube", but no one would use it. > > Network effects far outweigh any features in terms of importance. Furthermore, the idea that features have to come *before* value is intuitive, but actually, as we've seen, because of the Shib network being adopted, there are DApps being developed on it, like wallets and exchanges to begin with, and eventually, there will probably be a lot more products and services being built on top of Shib in the future, as long as it continues to hold value. > > Because it isn't just feature that create value. Rather, developers chase after the money. Where there is money, where there are incentives, that's where people will build, and that in itself will grow the ecosystem. > > disclosure: I do not hold any SHIB and never will. ***** Would you like to learn more? [Click here](/r/CryptoCurrency/comments/ovmtu8/rcc_cointest_coin_inquiries_shiba_inu\/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Shiba_Inu) to find arguments on this topic in other rounds.

r/CryptoCurrencySee Comment

ALGO will almost certainly survive, but I’m a little more interested in seeing how all of these very well-liked L2s survive the market! My plan assuming we have a long time before another bull market is to accumulate at least 10,000 ALGO, 10,000 MATIC, 10,000 LRC and 10,000 BONE (probably my riskiest) before I spend the rest of the winter accumulating more ETH. I’m happy with the amount I have now but still have a long way to go before I hit my goal ETH bag.

r/CryptoCurrencySee Comment

#Shiba Inu Pro-Arguments Below is an argument written by warmbookworm which won 2nd place in the Shiba Inu Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > There are several pros to Shiba Inu, as we as several common misconceptions about what value is and what makes something valuable that people who write off memecoins like Shib are usually prone to making. > > First of all, the pros: Shiba Inu is the third most searched for cryptocurrency in 2021. It has grown to become one of the top ten cryptocurrencies by marketcap, even surpassing Dogecoin, the first and by far the biggest memecoin since alt coins existed. This is huge because as we've seen with bitcoin, the first mover advantage is huge; no other coin has come close to surpassing bitcoin yet, despite tens of thousands of coins coming to existence in recent years. > > Shiba Inu clearly has one of the largest network effects in the entire industry, which is arguably the most important metric for any crypto. > > You can easily buy Shib on platforms like Webull, so people who are not into crypto can still get in and buy shib, making it far more accessible than all but the largest and most well-known cryptocurrencies. > > Finally, Shib has great branding. The idea of the "Shib Army" and "Shib to 1 cent" (or even a dollar) is incredibly good marketing, because it gives the community a common identity, as well as a goal to work towards. If we take any other crypto, people might like the coin and want it to go up, but there is no singular goal that everyone can point to and talk about. Thus, people are much less likely to contribute towards the development and branding of the coin. > > Secondly, the "shib-lingo", with LEASH and BONE as well as other parts of the shiba inu ecosystem allows for a much more intuitive understanding of crypto for those who find it too challenging to understand and can't be bothered to learn about all of the ins and outs of crypto itself. It is a great gateway for complete beginners to start understanding all of the different crypto terminology in words and concepts they already understand. > > ---------------------------- > > Now in terms of misconceptions regarding value, most people think that you need to have a "use-case" for value. But what is a use-case? Really, a use-case is just a "feature". i.e they think that every coin has to have some special feature or property that other coins don't have in order for it to be valuable. > > This makes sense intuitively, but isn't how things actually work. Just because something has a unique feature doesn't mean that that feature is useful. For example, if you were to take YouTube's source code today and slightly improve the UI, you would have a "superior YouTube", but no one would use it. > > Network effects far outweigh any features in terms of importance. Furthermore, the idea that features have to come *before* value is intuitive, but actually, as we've seen, because of the Shib network being adopted, there are DApps being developed on it, like wallets and exchanges to begin with, and eventually, there will probably be a lot more products and services being built on top of Shib in the future, as long as it continues to hold value. > > Because it isn't just feature that create value. Rather, developers chase after the money. Where there is money, where there are incentives, that's where people will build, and that in itself will grow the ecosystem. > > disclosure: I do not hold any SHIB and never will. ***** Would you like to learn more? [Click here](/r/CryptoCurrency/comments/ovmtu8/rcc_cointest_coin_inquiries_shiba_inu\/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Shiba_Inu) to find arguments on this topic in other rounds.

r/CryptoCurrencySee Comment

#Shiba Inu Pro-Arguments Below is an argument written by warmbookworm which won 2nd place in the Shiba Inu Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > There are several pros to Shiba Inu, as we as several common misconceptions about what value is and what makes something valuable that people who write off memecoins like Shib are usually prone to making. > > First of all, the pros: Shiba Inu is the third most searched for cryptocurrency in 2021. It has grown to become one of the top ten cryptocurrencies by marketcap, even surpassing Dogecoin, the first and by far the biggest memecoin since alt coins existed. This is huge because as we've seen with bitcoin, the first mover advantage is huge; no other coin has come close to surpassing bitcoin yet, despite tens of thousands of coins coming to existence in recent years. > > Shiba Inu clearly has one of the largest network effects in the entire industry, which is arguably the most important metric for any crypto. > > You can easily buy Shib on platforms like Webull, so people who are not into crypto can still get in and buy shib, making it far more accessible than all but the largest and most well-known cryptocurrencies. > > Finally, Shib has great branding. The idea of the "Shib Army" and "Shib to 1 cent" (or even a dollar) is incredibly good marketing, because it gives the community a common identity, as well as a goal to work towards. If we take any other crypto, people might like the coin and want it to go up, but there is no singular goal that everyone can point to and talk about. Thus, people are much less likely to contribute towards the development and branding of the coin. > > Secondly, the "shib-lingo", with LEASH and BONE as well as other parts of the shiba inu ecosystem allows for a much more intuitive understanding of crypto for those who find it too challenging to understand and can't be bothered to learn about all of the ins and outs of crypto itself. It is a great gateway for complete beginners to start understanding all of the different crypto terminology in words and concepts they already understand. > > ---------------------------- > > Now in terms of misconceptions regarding value, most people think that you need to have a "use-case" for value. But what is a use-case? Really, a use-case is just a "feature". i.e they think that every coin has to have some special feature or property that other coins don't have in order for it to be valuable. > > This makes sense intuitively, but isn't how things actually work. Just because something has a unique feature doesn't mean that that feature is useful. For example, if you were to take YouTube's source code today and slightly improve the UI, you would have a "superior YouTube", but no one would use it. > > Network effects far outweigh any features in terms of importance. Furthermore, the idea that features have to come *before* value is intuitive, but actually, as we've seen, because of the Shib network being adopted, there are DApps being developed on it, like wallets and exchanges to begin with, and eventually, there will probably be a lot more products and services being built on top of Shib in the future, as long as it continues to hold value. > > Because it isn't just feature that create value. Rather, developers chase after the money. Where there is money, where there are incentives, that's where people will build, and that in itself will grow the ecosystem. > > disclosure: I do not hold any SHIB and never will. ***** Would you like to learn more? [Click here](/r/CryptoCurrency/comments/ovmtu8/rcc_cointest_coin_inquiries_shiba_inu\/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Shiba_Inu) to find arguments on this topic in other rounds.

r/CryptoCurrencySee Comment

#Shiba Inu Pro-Arguments Below is an argument written by cbelaski which won 3rd place in the Shiba Inu Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > Shiba Inu (SHIB) is an ERC-20 token modeled after the king of meme coins Dogecoin. This token has evolved beyond meme status, focusing on decentralization with their own DEX ShibaSwap. > > ShibaSwap utilizes the 3 tokens in the ecosystem (SHIB, LEASH, and BONE) to facilitate transactions and provide rewards. ShibaSwap has gone all in on the theme, renaming staple terms to more dog centric names: stake is now bury and provide liquidity is now dig. This helps to immerse users into the ecosystem and provides a unique aspect to those involved. > > Shiba Inu also has an incubator dedicated to "cultivating an enviromnet which encourages creativity and growth." This incubator helps those in the community with their NFT aspirations and is a large part of their decentralization movement. > > SHIB also has a psychological advantage not many coins can replicate. This comes from the fact that their are 1 QUADRILLION coins in circulation. Having that many coins helps SHIB maintain it's low price and allows users to buy massive amounts of coins for a relatively small investment. While this doesn't really mean much in the grand scheme of things since market cap is what really matters, people are easily swayed by large numbers. > > Looking past the technicals, SHIB is a force to be reckoned with on the community front. Following Dogecoins footsteps, SHIB may have figured out the secret to quick growth and utilization: hype. It doesn't matter how good your product is if no one has heard of you. SHIB has gained a rabid following through the ShibArmy and taking just one look at their subreddit will show you that they have all drank the kool-aid. If they can keep this hype going, SHIB is a meme coin that will stick around for quite some time. > > Others will argue that these meme coins are a negative on the crypto space and only further the idea that this is all fake money, but it is actually the opposite. Hype leads to growing interest which leads to more users in the crypto world. Dogecoin paved the way for meme coins as an entry point for the average person, and Shiba Inu is just the next evolution of that idea. As more users flow into this space and add their fiat into the exchanges, the crypto world as a whole will continue to grow and head towards our ultimate goal of replacing the current financial system. ***** Would you like to learn more? [Click here](/r/CryptoCurrency/comments/ovmtu8/rcc_cointest_coin_inquiries_shiba_inu\/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Shiba_Inu) to find arguments on this topic in other rounds.

r/CryptoCurrencySee Comment

#Shiba Inu Pro-Arguments Below is an argument written by cbelaski which won 3rd place in the Shiba Inu Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > Shiba Inu (SHIB) is an ERC-20 token modeled after the king of meme coins Dogecoin. This token has evolved beyond meme status, focusing on decentralization with their own DEX ShibaSwap. > > ShibaSwap utilizes the 3 tokens in the ecosystem (SHIB, LEASH, and BONE) to facilitate transactions and provide rewards. ShibaSwap has gone all in on the theme, renaming staple terms to more dog centric names: stake is now bury and provide liquidity is now dig. This helps to immerse users into the ecosystem and provides a unique aspect to those involved. > > Shiba Inu also has an incubator dedicated to "cultivating an enviromnet which encourages creativity and growth." This incubator helps those in the community with their NFT aspirations and is a large part of their decentralization movement. > > SHIB also has a psychological advantage not many coins can replicate. This comes from the fact that their are 1 QUADRILLION coins in circulation. Having that many coins helps SHIB maintain it's low price and allows users to buy massive amounts of coins for a relatively small investment. While this doesn't really mean much in the grand scheme of things since market cap is what really matters, people are easily swayed by large numbers. > > Looking past the technicals, SHIB is a force to be reckoned with on the community front. Following Dogecoins footsteps, SHIB may have figured out the secret to quick growth and utilization: hype. It doesn't matter how good your product is if no one has heard of you. SHIB has gained a rabid following through the ShibArmy and taking just one look at their subreddit will show you that they have all drank the kool-aid. If they can keep this hype going, SHIB is a meme coin that will stick around for quite some time. > > Others will argue that these meme coins are a negative on the crypto space and only further the idea that this is all fake money, but it is actually the opposite. Hype leads to growing interest which leads to more users in the crypto world. Dogecoin paved the way for meme coins as an entry point for the average person, and Shiba Inu is just the next evolution of that idea. As more users flow into this space and add their fiat into the exchanges, the crypto world as a whole will continue to grow and head towards our ultimate goal of replacing the current financial system. ***** Would you like to learn more? [Click here](/r/CryptoCurrency/comments/ovmtu8/rcc_cointest_coin_inquiries_shiba_inu\/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Shiba_Inu) to find arguments on this topic in other rounds.

r/CryptoCurrencySee Comment

#Shiba Inu Pro-Arguments Below is an argument written by warmbookworm which won 2nd place in the Shiba Inu Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > There are several pros to Shiba Inu, as we as several common misconceptions about what value is and what makes something valuable that people who write off memecoins like Shib are usually prone to making. > > First of all, the pros: Shiba Inu is the third most searched for cryptocurrency in 2021. It has grown to become one of the top ten cryptocurrencies by marketcap, even surpassing Dogecoin, the first and by far the biggest memecoin since alt coins existed. This is huge because as we've seen with bitcoin, the first mover advantage is huge; no other coin has come close to surpassing bitcoin yet, despite tens of thousands of coins coming to existence in recent years. > > Shiba Inu clearly has one of the largest network effects in the entire industry, which is arguably the most important metric for any crypto. > > You can easily buy Shib on platforms like Webull, so people who are not into crypto can still get in and buy shib, making it far more accessible than all but the largest and most well-known cryptocurrencies. > > Finally, Shib has great branding. The idea of the "Shib Army" and "Shib to 1 cent" (or even a dollar) is incredibly good marketing, because it gives the community a common identity, as well as a goal to work towards. If we take any other crypto, people might like the coin and want it to go up, but there is no singular goal that everyone can point to and talk about. Thus, people are much less likely to contribute towards the development and branding of the coin. > > Secondly, the "shib-lingo", with LEASH and BONE as well as other parts of the shiba inu ecosystem allows for a much more intuitive understanding of crypto for those who find it too challenging to understand and can't be bothered to learn about all of the ins and outs of crypto itself. It is a great gateway for complete beginners to start understanding all of the different crypto terminology in words and concepts they already understand. > > ---------------------------- > > Now in terms of misconceptions regarding value, most people think that you need to have a "use-case" for value. But what is a use-case? Really, a use-case is just a "feature". i.e they think that every coin has to have some special feature or property that other coins don't have in order for it to be valuable. > > This makes sense intuitively, but isn't how things actually work. Just because something has a unique feature doesn't mean that that feature is useful. For example, if you were to take YouTube's source code today and slightly improve the UI, you would have a "superior YouTube", but no one would use it. > > Network effects far outweigh any features in terms of importance. Furthermore, the idea that features have to come *before* value is intuitive, but actually, as we've seen, because of the Shib network being adopted, there are DApps being developed on it, like wallets and exchanges to begin with, and eventually, there will probably be a lot more products and services being built on top of Shib in the future, as long as it continues to hold value. > > Because it isn't just feature that create value. Rather, developers chase after the money. Where there is money, where there are incentives, that's where people will build, and that in itself will grow the ecosystem. > > disclosure: I do not hold any SHIB and never will. ***** Would you like to learn more? [Click here](/r/CryptoCurrency/comments/ovmtu8/rcc_cointest_coin_inquiries_shiba_inu\/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Shiba_Inu) to find arguments on this topic in other rounds.

r/CryptoCurrencySee Comment

#Shiba Inu Pro-Arguments Below is an argument written by warmbookworm which won 2nd place in the Shiba Inu Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > There are several pros to Shiba Inu, as we as several common misconceptions about what value is and what makes something valuable that people who write off memecoins like Shib are usually prone to making. > > First of all, the pros: Shiba Inu is the third most searched for cryptocurrency in 2021. It has grown to become one of the top ten cryptocurrencies by marketcap, even surpassing Dogecoin, the first and by far the biggest memecoin since alt coins existed. This is huge because as we've seen with bitcoin, the first mover advantage is huge; no other coin has come close to surpassing bitcoin yet, despite tens of thousands of coins coming to existence in recent years. > > Shiba Inu clearly has one of the largest network effects in the entire industry, which is arguably the most important metric for any crypto. > > You can easily buy Shib on platforms like Webull, so people who are not into crypto can still get in and buy shib, making it far more accessible than all but the largest and most well-known cryptocurrencies. > > Finally, Shib has great branding. The idea of the "Shib Army" and "Shib to 1 cent" (or even a dollar) is incredibly good marketing, because it gives the community a common identity, as well as a goal to work towards. If we take any other crypto, people might like the coin and want it to go up, but there is no singular goal that everyone can point to and talk about. Thus, people are much less likely to contribute towards the development and branding of the coin. > > Secondly, the "shib-lingo", with LEASH and BONE as well as other parts of the shiba inu ecosystem allows for a much more intuitive understanding of crypto for those who find it too challenging to understand and can't be bothered to learn about all of the ins and outs of crypto itself. It is a great gateway for complete beginners to start understanding all of the different crypto terminology in words and concepts they already understand. > > ---------------------------- > > Now in terms of misconceptions regarding value, most people think that you need to have a "use-case" for value. But what is a use-case? Really, a use-case is just a "feature". i.e they think that every coin has to have some special feature or property that other coins don't have in order for it to be valuable. > > This makes sense intuitively, but isn't how things actually work. Just because something has a unique feature doesn't mean that that feature is useful. For example, if you were to take YouTube's source code today and slightly improve the UI, you would have a "superior YouTube", but no one would use it. > > Network effects far outweigh any features in terms of importance. Furthermore, the idea that features have to come *before* value is intuitive, but actually, as we've seen, because of the Shib network being adopted, there are DApps being developed on it, like wallets and exchanges to begin with, and eventually, there will probably be a lot more products and services being built on top of Shib in the future, as long as it continues to hold value. > > Because it isn't just feature that create value. Rather, developers chase after the money. Where there is money, where there are incentives, that's where people will build, and that in itself will grow the ecosystem. > > disclosure: I do not hold any SHIB and never will. ***** Would you like to learn more? [Click here](/r/CryptoCurrency/comments/ovmtu8/rcc_cointest_coin_inquiries_shiba_inu\/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Shiba_Inu) to find arguments on this topic in other rounds.

r/CryptoMarketsSee Comment

#Shiba Inu Pro-Arguments Below is an argument written by cbelaski which won 3rd place in the Shiba Inu Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > Shiba Inu (SHIB) is an ERC-20 token modeled after the king of meme coins Dogecoin. This token has evolved beyond meme status, focusing on decentralization with their own DEX ShibaSwap. > > ShibaSwap utilizes the 3 tokens in the ecosystem (SHIB, LEASH, and BONE) to facilitate transactions and provide rewards. ShibaSwap has gone all in on the theme, renaming staple terms to more dog centric names: stake is now bury and provide liquidity is now dig. This helps to immerse users into the ecosystem and provides a unique aspect to those involved. > > Shiba Inu also has an incubator dedicated to "cultivating an enviromnet which encourages creativity and growth." This incubator helps those in the community with their NFT aspirations and is a large part of their decentralization movement. > > SHIB also has a psychological advantage not many coins can replicate. This comes from the fact that their are 1 QUADRILLION coins in circulation. Having that many coins helps SHIB maintain it's low price and allows users to buy massive amounts of coins for a relatively small investment. While this doesn't really mean much in the grand scheme of things since market cap is what really matters, people are easily swayed by large numbers. > > Looking past the technicals, SHIB is a force to be reckoned with on the community front. Following Dogecoins footsteps, SHIB may have figured out the secret to quick growth and utilization: hype. It doesn't matter how good your product is if no one has heard of you. SHIB has gained a rabid following through the ShibArmy and taking just one look at their subreddit will show you that they have all drank the kool-aid. If they can keep this hype going, SHIB is a meme coin that will stick around for quite some time. > > Others will argue that these meme coins are a negative on the crypto space and only further the idea that this is all fake money, but it is actually the opposite. Hype leads to growing interest which leads to more users in the crypto world. Dogecoin paved the way for meme coins as an entry point for the average person, and Shiba Inu is just the next evolution of that idea. As more users flow into this space and add their fiat into the exchanges, the crypto world as a whole will continue to grow and head towards our ultimate goal of replacing the current financial system. ***** Would you like to learn more? [Click here](/r/CryptoCurrency/comments/ovmtu8/rcc_cointest_coin_inquiries_shiba_inu\/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Shiba_Inu) to find arguments on this topic in other rounds.

r/CryptoCurrencySee Comment

#Shiba Inu Pro-Arguments Below is an argument written by cbelaski which won 3rd place in the Shiba Inu Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > Shiba Inu (SHIB) is an ERC-20 token modeled after the king of meme coins Dogecoin. This token has evolved beyond meme status, focusing on decentralization with their own DEX ShibaSwap. > > ShibaSwap utilizes the 3 tokens in the ecosystem (SHIB, LEASH, and BONE) to facilitate transactions and provide rewards. ShibaSwap has gone all in on the theme, renaming staple terms to more dog centric names: stake is now bury and provide liquidity is now dig. This helps to immerse users into the ecosystem and provides a unique aspect to those involved. > > Shiba Inu also has an incubator dedicated to "cultivating an enviromnet which encourages creativity and growth." This incubator helps those in the community with their NFT aspirations and is a large part of their decentralization movement. > > SHIB also has a psychological advantage not many coins can replicate. This comes from the fact that their are 1 QUADRILLION coins in circulation. Having that many coins helps SHIB maintain it's low price and allows users to buy massive amounts of coins for a relatively small investment. While this doesn't really mean much in the grand scheme of things since market cap is what really matters, people are easily swayed by large numbers. > > Looking past the technicals, SHIB is a force to be reckoned with on the community front. Following Dogecoins footsteps, SHIB may have figured out the secret to quick growth and utilization: hype. It doesn't matter how good your product is if no one has heard of you. SHIB has gained a rabid following through the ShibArmy and taking just one look at their subreddit will show you that they have all drank the kool-aid. If they can keep this hype going, SHIB is a meme coin that will stick around for quite some time. > > Others will argue that these meme coins are a negative on the crypto space and only further the idea that this is all fake money, but it is actually the opposite. Hype leads to growing interest which leads to more users in the crypto world. Dogecoin paved the way for meme coins as an entry point for the average person, and Shiba Inu is just the next evolution of that idea. As more users flow into this space and add their fiat into the exchanges, the crypto world as a whole will continue to grow and head towards our ultimate goal of replacing the current financial system. ***** Would you like to learn more? [Click here](/r/CryptoCurrency/comments/ovmtu8/rcc_cointest_coin_inquiries_shiba_inu\/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Shiba_Inu) to find arguments on this topic in other rounds.

r/CryptoCurrencySee Comment

#Shiba Inu Pro-Arguments Below is an argument written by warmbookworm which won 2nd place in the Shiba Inu Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > There are several pros to Shiba Inu, as we as several common misconceptions about what value is and what makes something valuable that people who write off memecoins like Shib are usually prone to making. > > First of all, the pros: Shiba Inu is the third most searched for cryptocurrency in 2021. It has grown to become one of the top ten cryptocurrencies by marketcap, even surpassing Dogecoin, the first and by far the biggest memecoin since alt coins existed. This is huge because as we've seen with bitcoin, the first mover advantage is huge; no other coin has come close to surpassing bitcoin yet, despite tens of thousands of coins coming to existence in recent years. > > Shiba Inu clearly has one of the largest network effects in the entire industry, which is arguably the most important metric for any crypto. > > You can easily buy Shib on platforms like Webull, so people who are not into crypto can still get in and buy shib, making it far more accessible than all but the largest and most well-known cryptocurrencies. > > Finally, Shib has great branding. The idea of the "Shib Army" and "Shib to 1 cent" (or even a dollar) is incredibly good marketing, because it gives the community a common identity, as well as a goal to work towards. If we take any other crypto, people might like the coin and want it to go up, but there is no singular goal that everyone can point to and talk about. Thus, people are much less likely to contribute towards the development and branding of the coin. > > Secondly, the "shib-lingo", with LEASH and BONE as well as other parts of the shiba inu ecosystem allows for a much more intuitive understanding of crypto for those who find it too challenging to understand and can't be bothered to learn about all of the ins and outs of crypto itself. It is a great gateway for complete beginners to start understanding all of the different crypto terminology in words and concepts they already understand. > > ---------------------------- > > Now in terms of misconceptions regarding value, most people think that you need to have a "use-case" for value. But what is a use-case? Really, a use-case is just a "feature". i.e they think that every coin has to have some special feature or property that other coins don't have in order for it to be valuable. > > This makes sense intuitively, but isn't how things actually work. Just because something has a unique feature doesn't mean that that feature is useful. For example, if you were to take YouTube's source code today and slightly improve the UI, you would have a "superior YouTube", but no one would use it. > > Network effects far outweigh any features in terms of importance. Furthermore, the idea that features have to come *before* value is intuitive, but actually, as we've seen, because of the Shib network being adopted, there are DApps being developed on it, like wallets and exchanges to begin with, and eventually, there will probably be a lot more products and services being built on top of Shib in the future, as long as it continues to hold value. > > Because it isn't just feature that create value. Rather, developers chase after the money. Where there is money, where there are incentives, that's where people will build, and that in itself will grow the ecosystem. > > disclosure: I do not hold any SHIB and never will. ***** Would you like to learn more? [Click here](/r/CryptoCurrency/comments/ovmtu8/rcc_cointest_coin_inquiries_shiba_inu\/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Shiba_Inu) to find arguments on this topic in other rounds.

r/CryptoCurrencySee Comment

SHIB and ETH for farming yield, BONE to vote on a DAO, ALGO for cheap transfers between exchanges

r/CryptoCurrencySee Comment

#Shiba Inu Pro-Arguments Below is an argument written by warmbookworm which won 2nd place in the Shiba Inu Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > There are several pros to Shiba Inu, as we as several common misconceptions about what value is and what makes something valuable that people who write off memecoins like Shib are usually prone to making. > > First of all, the pros: Shiba Inu is the third most searched for cryptocurrency in 2021. It has grown to become one of the top ten cryptocurrencies by marketcap, even surpassing Dogecoin, the first and by far the biggest memecoin since alt coins existed. This is huge because as we've seen with bitcoin, the first mover advantage is huge; no other coin has come close to surpassing bitcoin yet, despite tens of thousands of coins coming to existence in recent years. > > Shiba Inu clearly has one of the largest network effects in the entire industry, which is arguably the most important metric for any crypto. > > You can easily buy Shib on platforms like Webull, so people who are not into crypto can still get in and buy shib, making it far more accessible than all but the largest and most well-known cryptocurrencies. > > Finally, Shib has great branding. The idea of the "Shib Army" and "Shib to 1 cent" (or even a dollar) is incredibly good marketing, because it gives the community a common identity, as well as a goal to work towards. If we take any other crypto, people might like the coin and want it to go up, but there is no singular goal that everyone can point to and talk about. Thus, people are much less likely to contribute towards the development and branding of the coin. > > Secondly, the "shib-lingo", with LEASH and BONE as well as other parts of the shiba inu ecosystem allows for a much more intuitive understanding of crypto for those who find it too challenging to understand and can't be bothered to learn about all of the ins and outs of crypto itself. It is a great gateway for complete beginners to start understanding all of the different crypto terminology in words and concepts they already understand. > > ---------------------------- > > Now in terms of misconceptions regarding value, most people think that you need to have a "use-case" for value. But what is a use-case? Really, a use-case is just a "feature". i.e they think that every coin has to have some special feature or property that other coins don't have in order for it to be valuable. > > This makes sense intuitively, but isn't how things actually work. Just because something has a unique feature doesn't mean that that feature is useful. For example, if you were to take YouTube's source code today and slightly improve the UI, you would have a "superior YouTube", but no one would use it. > > Network effects far outweigh any features in terms of importance. Furthermore, the idea that features have to come *before* value is intuitive, but actually, as we've seen, because of the Shib network being adopted, there are DApps being developed on it, like wallets and exchanges to begin with, and eventually, there will probably be a lot more products and services being built on top of Shib in the future, as long as it continues to hold value. > > Because it isn't just feature that create value. Rather, developers chase after the money. Where there is money, where there are incentives, that's where people will build, and that in itself will grow the ecosystem. > > disclosure: I do not hold any SHIB and never will. ***** Would you like to learn more? [Click here](/r/CryptoCurrency/comments/ovmtu8/rcc_cointest_coin_inquiries_shiba_inu\/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Shiba_Inu) to find arguments on this topic in other rounds.

r/CryptoCurrencySee Comment

#Shiba Inu Pro-Arguments Below is an argument written by cbelaski which won 3rd place in the Shiba Inu Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > Shiba Inu (SHIB) is an ERC-20 token modeled after the king of meme coins Dogecoin. This token has evolved beyond meme status, focusing on decentralization with their own DEX ShibaSwap. > > ShibaSwap utilizes the 3 tokens in the ecosystem (SHIB, LEASH, and BONE) to facilitate transactions and provide rewards. ShibaSwap has gone all in on the theme, renaming staple terms to more dog centric names: stake is now bury and provide liquidity is now dig. This helps to immerse users into the ecosystem and provides a unique aspect to those involved. > > Shiba Inu also has an incubator dedicated to "cultivating an enviromnet which encourages creativity and growth." This incubator helps those in the community with their NFT aspirations and is a large part of their decentralization movement. > > SHIB also has a psychological advantage not many coins can replicate. This comes from the fact that their are 1 QUADRILLION coins in circulation. Having that many coins helps SHIB maintain it's low price and allows users to buy massive amounts of coins for a relatively small investment. While this doesn't really mean much in the grand scheme of things since market cap is what really matters, people are easily swayed by large numbers. > > Looking past the technicals, SHIB is a force to be reckoned with on the community front. Following Dogecoins footsteps, SHIB may have figured out the secret to quick growth and utilization: hype. It doesn't matter how good your product is if no one has heard of you. SHIB has gained a rabid following through the ShibArmy and taking just one look at their subreddit will show you that they have all drank the kool-aid. If they can keep this hype going, SHIB is a meme coin that will stick around for quite some time. > > Others will argue that these meme coins are a negative on the crypto space and only further the idea that this is all fake money, but it is actually the opposite. Hype leads to growing interest which leads to more users in the crypto world. Dogecoin paved the way for meme coins as an entry point for the average person, and Shiba Inu is just the next evolution of that idea. As more users flow into this space and add their fiat into the exchanges, the crypto world as a whole will continue to grow and head towards our ultimate goal of replacing the current financial system. ***** Would you like to learn more? [Click here](/r/CryptoCurrency/comments/ovmtu8/rcc_cointest_coin_inquiries_shiba_inu\/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Shiba_Inu) to find arguments on this topic in other rounds.

r/CryptoCurrencySee Comment

#Shiba Inu Pro-Arguments Below is an argument written by cbelaski which won 3rd place in the Shiba Inu Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > Shiba Inu (SHIB) is an ERC-20 token modeled after the king of meme coins Dogecoin. This token has evolved beyond meme status, focusing on decentralization with their own DEX ShibaSwap. > > ShibaSwap utilizes the 3 tokens in the ecosystem (SHIB, LEASH, and BONE) to facilitate transactions and provide rewards. ShibaSwap has gone all in on the theme, renaming staple terms to more dog centric names: stake is now bury and provide liquidity is now dig. This helps to immerse users into the ecosystem and provides a unique aspect to those involved. > > Shiba Inu also has an incubator dedicated to "cultivating an enviromnet which encourages creativity and growth." This incubator helps those in the community with their NFT aspirations and is a large part of their decentralization movement. > > SHIB also has a psychological advantage not many coins can replicate. This comes from the fact that their are 1 QUADRILLION coins in circulation. Having that many coins helps SHIB maintain it's low price and allows users to buy massive amounts of coins for a relatively small investment. While this doesn't really mean much in the grand scheme of things since market cap is what really matters, people are easily swayed by large numbers. > > Looking past the technicals, SHIB is a force to be reckoned with on the community front. Following Dogecoins footsteps, SHIB may have figured out the secret to quick growth and utilization: hype. It doesn't matter how good your product is if no one has heard of you. SHIB has gained a rabid following through the ShibArmy and taking just one look at their subreddit will show you that they have all drank the kool-aid. If they can keep this hype going, SHIB is a meme coin that will stick around for quite some time. > > Others will argue that these meme coins are a negative on the crypto space and only further the idea that this is all fake money, but it is actually the opposite. Hype leads to growing interest which leads to more users in the crypto world. Dogecoin paved the way for meme coins as an entry point for the average person, and Shiba Inu is just the next evolution of that idea. As more users flow into this space and add their fiat into the exchanges, the crypto world as a whole will continue to grow and head towards our ultimate goal of replacing the current financial system. ***** Would you like to learn more? [Click here](/r/CryptoCurrency/comments/ovmtu8/rcc_cointest_coin_inquiries_shiba_inu\/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Shiba_Inu) to find arguments on this topic in other rounds.

r/CryptoCurrencySee Comment

#Shiba Inu Pro-Arguments Below is an argument written by cbelaski which won 3rd place in the Shiba Inu Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > Shiba Inu (SHIB) is an ERC-20 token modeled after the king of meme coins Dogecoin. This token has evolved beyond meme status, focusing on decentralization with their own DEX ShibaSwap. > > ShibaSwap utilizes the 3 tokens in the ecosystem (SHIB, LEASH, and BONE) to facilitate transactions and provide rewards. ShibaSwap has gone all in on the theme, renaming staple terms to more dog centric names: stake is now bury and provide liquidity is now dig. This helps to immerse users into the ecosystem and provides a unique aspect to those involved. > > Shiba Inu also has an incubator dedicated to "cultivating an enviromnet which encourages creativity and growth." This incubator helps those in the community with their NFT aspirations and is a large part of their decentralization movement. > > SHIB also has a psychological advantage not many coins can replicate. This comes from the fact that their are 1 QUADRILLION coins in circulation. Having that many coins helps SHIB maintain it's low price and allows users to buy massive amounts of coins for a relatively small investment. While this doesn't really mean much in the grand scheme of things since market cap is what really matters, people are easily swayed by large numbers. > > Looking past the technicals, SHIB is a force to be reckoned with on the community front. Following Dogecoins footsteps, SHIB may have figured out the secret to quick growth and utilization: hype. It doesn't matter how good your product is if no one has heard of you. SHIB has gained a rabid following through the ShibArmy and taking just one look at their subreddit will show you that they have all drank the kool-aid. If they can keep this hype going, SHIB is a meme coin that will stick around for quite some time. > > Others will argue that these meme coins are a negative on the crypto space and only further the idea that this is all fake money, but it is actually the opposite. Hype leads to growing interest which leads to more users in the crypto world. Dogecoin paved the way for meme coins as an entry point for the average person, and Shiba Inu is just the next evolution of that idea. As more users flow into this space and add their fiat into the exchanges, the crypto world as a whole will continue to grow and head towards our ultimate goal of replacing the current financial system. ***** Would you like to learn more? [Click here](/r/CryptoCurrency/comments/ovmtu8/rcc_cointest_coin_inquiries_shiba_inu\/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Shiba_Inu) to find arguments on this topic in other rounds.

r/CryptoCurrencySee Comment

You have BONE that serves as a governance token on Shibaswap, and that is also set to be the gas token on the upcoming L2.

Mentions:#BONE
r/CryptoCurrencySee Comment

#Shiba Inu Pro-Arguments Below is an argument written by warmbookworm which won 2nd place in the Shiba Inu Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > There are several pros to Shiba Inu, as we as several common misconceptions about what value is and what makes something valuable that people who write off memecoins like Shib are usually prone to making. > > First of all, the pros: Shiba Inu is the third most searched for cryptocurrency in 2021. It has grown to become one of the top ten cryptocurrencies by marketcap, even surpassing Dogecoin, the first and by far the biggest memecoin since alt coins existed. This is huge because as we've seen with bitcoin, the first mover advantage is huge; no other coin has come close to surpassing bitcoin yet, despite tens of thousands of coins coming to existence in recent years. > > Shiba Inu clearly has one of the largest network effects in the entire industry, which is arguably the most important metric for any crypto. > > You can easily buy Shib on platforms like Webull, so people who are not into crypto can still get in and buy shib, making it far more accessible than all but the largest and most well-known cryptocurrencies. > > Finally, Shib has great branding. The idea of the "Shib Army" and "Shib to 1 cent" (or even a dollar) is incredibly good marketing, because it gives the community a common identity, as well as a goal to work towards. If we take any other crypto, people might like the coin and want it to go up, but there is no singular goal that everyone can point to and talk about. Thus, people are much less likely to contribute towards the development and branding of the coin. > > Secondly, the "shib-lingo", with LEASH and BONE as well as other parts of the shiba inu ecosystem allows for a much more intuitive understanding of crypto for those who find it too challenging to understand and can't be bothered to learn about all of the ins and outs of crypto itself. It is a great gateway for complete beginners to start understanding all of the different crypto terminology in words and concepts they already understand. > > ---------------------------- > > Now in terms of misconceptions regarding value, most people think that you need to have a "use-case" for value. But what is a use-case? Really, a use-case is just a "feature". i.e they think that every coin has to have some special feature or property that other coins don't have in order for it to be valuable. > > This makes sense intuitively, but isn't how things actually work. Just because something has a unique feature doesn't mean that that feature is useful. For example, if you were to take YouTube's source code today and slightly improve the UI, you would have a "superior YouTube", but no one would use it. > > Network effects far outweigh any features in terms of importance. Furthermore, the idea that features have to come *before* value is intuitive, but actually, as we've seen, because of the Shib network being adopted, there are DApps being developed on it, like wallets and exchanges to begin with, and eventually, there will probably be a lot more products and services being built on top of Shib in the future, as long as it continues to hold value. > > Because it isn't just feature that create value. Rather, developers chase after the money. Where there is money, where there are incentives, that's where people will build, and that in itself will grow the ecosystem. > > disclosure: I do not hold any SHIB and never will. ***** Would you like to learn more? [Click here](/r/CryptoCurrency/comments/ovmtu8/rcc_cointest_coin_inquiries_shiba_inu\/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Shiba_Inu) to find arguments on this topic in other rounds.

r/CryptoCurrencySee Comment

So when is this sub going to realize that hedge funds, big banks, and institutions have been using crypto as a liquidity pull to back up their stupid ridiculous bets against amc and gme? when will you say enough is enough? these people are using us like cattle and are milking retail BONE DRY! The proof is all there! This Crypto liquidity pull is all timed and orchestrated. Please for the love of all that is right join us in fighting the good fight against these idiots so we can level the playing field and take ALL of their money.

Mentions:#BONE
r/CryptoCurrencySee Comment

So when is this sub going to realize that hedge funds, big banks, and institutions have been using crypto as a liquidity pull to back up their stupid ridiculous bets against amc and gme? when will you say enough is enough? these people are using us like cattle and are milking retail BONE DRY? The proof is all there! This Crypto liquidity pull is all timed and orchestrated. Please for the love of all that is right join us in fighting the good fight against these idiots so we can level the playing field and take ALL of their money.

Mentions:#BONE
r/CryptoCurrencySee Comment

>Shiba Inu’s 。。。 Shytoshi Kusama > >‘Shibarium’ 。。。 Shiba Inu 。。。 BONE 。。。backbone 。。。Shiba Inu 。。。SHI > >。。。Shiba Inu’s 。。。Shytoshi Kusama 。。。stablecoin 。。。SHIBFE。。。 Shibarium Financial Ecosystem。。。 Shiba Inu’s financial assets. > > Shibarium, Shi, ShibFE, Shib 。。。 Shib What did I just read? Seriously, 2 years ago, could you imagine reading articles like this?

Mentions:#BONE#SHI
r/CryptoCurrencySee Comment

#Shiba Inu Pro-Arguments Below is an argument written by warmbookworm which won 2nd place in the Shiba Inu Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > There are several pros to Shiba Inu, as we as several common misconceptions about what value is and what makes something valuable that people who write off memecoins like Shib are usually prone to making. > > First of all, the pros: Shiba Inu is the third most searched for cryptocurrency in 2021. It has grown to become one of the top ten cryptocurrencies by marketcap, even surpassing Dogecoin, the first and by far the biggest memecoin since alt coins existed. This is huge because as we've seen with bitcoin, the first mover advantage is huge; no other coin has come close to surpassing bitcoin yet, despite tens of thousands of coins coming to existence in recent years. > > Shiba Inu clearly has one of the largest network effects in the entire industry, which is arguably the most important metric for any crypto. > > You can easily buy Shib on platforms like Webull, so people who are not into crypto can still get in and buy shib, making it far more accessible than all but the largest and most well-known cryptocurrencies. > > Finally, Shib has great branding. The idea of the "Shib Army" and "Shib to 1 cent" (or even a dollar) is incredibly good marketing, because it gives the community a common identity, as well as a goal to work towards. If we take any other crypto, people might like the coin and want it to go up, but there is no singular goal that everyone can point to and talk about. Thus, people are much less likely to contribute towards the development and branding of the coin. > > Secondly, the "shib-lingo", with LEASH and BONE as well as other parts of the shiba inu ecosystem allows for a much more intuitive understanding of crypto for those who find it too challenging to understand and can't be bothered to learn about all of the ins and outs of crypto itself. It is a great gateway for complete beginners to start understanding all of the different crypto terminology in words and concepts they already understand. > > ---------------------------- > > Now in terms of misconceptions regarding value, most people think that you need to have a "use-case" for value. But what is a use-case? Really, a use-case is just a "feature". i.e they think that every coin has to have some special feature or property that other coins don't have in order for it to be valuable. > > This makes sense intuitively, but isn't how things actually work. Just because something has a unique feature doesn't mean that that feature is useful. For example, if you were to take YouTube's source code today and slightly improve the UI, you would have a "superior YouTube", but no one would use it. > > Network effects far outweigh any features in terms of importance. Furthermore, the idea that features have to come *before* value is intuitive, but actually, as we've seen, because of the Shib network being adopted, there are DApps being developed on it, like wallets and exchanges to begin with, and eventually, there will probably be a lot more products and services being built on top of Shib in the future, as long as it continues to hold value. > > Because it isn't just feature that create value. Rather, developers chase after the money. Where there is money, where there are incentives, that's where people will build, and that in itself will grow the ecosystem. > > disclosure: I do not hold any SHIB and never will. ***** Would you like to learn more? [Click here](/r/CryptoCurrency/comments/ovmtu8/rcc_cointest_coin_inquiries_shiba_inu\/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Shiba_Inu) to find arguments on this topic in other rounds.

r/CryptoMarketsSee Comment

#Shiba Inu Pro-Arguments Below is an argument written by cbelaski which won 3rd place in the Shiba Inu Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > Shiba Inu (SHIB) is an ERC-20 token modeled after the king of meme coins Dogecoin. This token has evolved beyond meme status, focusing on decentralization with their own DEX ShibaSwap. > > ShibaSwap utilizes the 3 tokens in the ecosystem (SHIB, LEASH, and BONE) to facilitate transactions and provide rewards. ShibaSwap has gone all in on the theme, renaming staple terms to more dog centric names: stake is now bury and provide liquidity is now dig. This helps to immerse users into the ecosystem and provides a unique aspect to those involved. > > Shiba Inu also has an incubator dedicated to "cultivating an enviromnet which encourages creativity and growth." This incubator helps those in the community with their NFT aspirations and is a large part of their decentralization movement. > > SHIB also has a psychological advantage not many coins can replicate. This comes from the fact that their are 1 QUADRILLION coins in circulation. Having that many coins helps SHIB maintain it's low price and allows users to buy massive amounts of coins for a relatively small investment. While this doesn't really mean much in the grand scheme of things since market cap is what really matters, people are easily swayed by large numbers. > > Looking past the technicals, SHIB is a force to be reckoned with on the community front. Following Dogecoins footsteps, SHIB may have figured out the secret to quick growth and utilization: hype. It doesn't matter how good your product is if no one has heard of you. SHIB has gained a rabid following through the ShibArmy and taking just one look at their subreddit will show you that they have all drank the kool-aid. If they can keep this hype going, SHIB is a meme coin that will stick around for quite some time. > > Others will argue that these meme coins are a negative on the crypto space and only further the idea that this is all fake money, but it is actually the opposite. Hype leads to growing interest which leads to more users in the crypto world. Dogecoin paved the way for meme coins as an entry point for the average person, and Shiba Inu is just the next evolution of that idea. As more users flow into this space and add their fiat into the exchanges, the crypto world as a whole will continue to grow and head towards our ultimate goal of replacing the current financial system. ***** Would you like to learn more? [Click here](/r/CryptoCurrency/comments/ovmtu8/rcc_cointest_coin_inquiries_shiba_inu\/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Shiba_Inu) to find arguments on this topic in other rounds.

r/CryptoCurrencySee Comment

#Shiba Inu Pro-Arguments Below is an argument written by cbelaski which won 3rd place in the Shiba Inu Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > Shiba Inu (SHIB) is an ERC-20 token modeled after the king of meme coins Dogecoin. This token has evolved beyond meme status, focusing on decentralization with their own DEX ShibaSwap. > > ShibaSwap utilizes the 3 tokens in the ecosystem (SHIB, LEASH, and BONE) to facilitate transactions and provide rewards. ShibaSwap has gone all in on the theme, renaming staple terms to more dog centric names: stake is now bury and provide liquidity is now dig. This helps to immerse users into the ecosystem and provides a unique aspect to those involved. > > Shiba Inu also has an incubator dedicated to "cultivating an enviromnet which encourages creativity and growth." This incubator helps those in the community with their NFT aspirations and is a large part of their decentralization movement. > > SHIB also has a psychological advantage not many coins can replicate. This comes from the fact that their are 1 QUADRILLION coins in circulation. Having that many coins helps SHIB maintain it's low price and allows users to buy massive amounts of coins for a relatively small investment. While this doesn't really mean much in the grand scheme of things since market cap is what really matters, people are easily swayed by large numbers. > > Looking past the technicals, SHIB is a force to be reckoned with on the community front. Following Dogecoins footsteps, SHIB may have figured out the secret to quick growth and utilization: hype. It doesn't matter how good your product is if no one has heard of you. SHIB has gained a rabid following through the ShibArmy and taking just one look at their subreddit will show you that they have all drank the kool-aid. If they can keep this hype going, SHIB is a meme coin that will stick around for quite some time. > > Others will argue that these meme coins are a negative on the crypto space and only further the idea that this is all fake money, but it is actually the opposite. Hype leads to growing interest which leads to more users in the crypto world. Dogecoin paved the way for meme coins as an entry point for the average person, and Shiba Inu is just the next evolution of that idea. As more users flow into this space and add their fiat into the exchanges, the crypto world as a whole will continue to grow and head towards our ultimate goal of replacing the current financial system. ***** Would you like to learn more? [Click here](/r/CryptoCurrency/comments/ovmtu8/rcc_cointest_coin_inquiries_shiba_inu\/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Shiba_Inu) to find arguments on this topic in other rounds.

r/CryptoCurrencySee Comment

Again, market cap. Clearly not well understood by many. I’d be happy to see SHIBA continue to thrive, I have a big bag, but I have way better plays in-and-across cryptos and other asset classes: diversification is key. Clearly, the idea that someone’s $1,200 all-in to the SHIB (BONE/LEASH/TREAT) ecosystem NOT becoming millions in the near future is triggering. I’ll stop teasing the degens now lol.

r/CryptoCurrencySee Comment

#Shiba Inu Pro-Arguments Below is an argument written by cbelaski which won 3rd place in the Shiba Inu Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > Shiba Inu (SHIB) is an ERC-20 token modeled after the king of meme coins Dogecoin. This token has evolved beyond meme status, focusing on decentralization with their own DEX ShibaSwap. > > ShibaSwap utilizes the 3 tokens in the ecosystem (SHIB, LEASH, and BONE) to facilitate transactions and provide rewards. ShibaSwap has gone all in on the theme, renaming staple terms to more dog centric names: stake is now bury and provide liquidity is now dig. This helps to immerse users into the ecosystem and provides a unique aspect to those involved. > > Shiba Inu also has an incubator dedicated to "cultivating an enviromnet which encourages creativity and growth." This incubator helps those in the community with their NFT aspirations and is a large part of their decentralization movement. > > SHIB also has a psychological advantage not many coins can replicate. This comes from the fact that their are 1 QUADRILLION coins in circulation. Having that many coins helps SHIB maintain it's low price and allows users to buy massive amounts of coins for a relatively small investment. While this doesn't really mean much in the grand scheme of things since market cap is what really matters, people are easily swayed by large numbers. > > Looking past the technicals, SHIB is a force to be reckoned with on the community front. Following Dogecoins footsteps, SHIB may have figured out the secret to quick growth and utilization: hype. It doesn't matter how good your product is if no one has heard of you. SHIB has gained a rabid following through the ShibArmy and taking just one look at their subreddit will show you that they have all drank the kool-aid. If they can keep this hype going, SHIB is a meme coin that will stick around for quite some time. > > Others will argue that these meme coins are a negative on the crypto space and only further the idea that this is all fake money, but it is actually the opposite. Hype leads to growing interest which leads to more users in the crypto world. Dogecoin paved the way for meme coins as an entry point for the average person, and Shiba Inu is just the next evolution of that idea. As more users flow into this space and add their fiat into the exchanges, the crypto world as a whole will continue to grow and head towards our ultimate goal of replacing the current financial system. ***** Would you like to learn more? [Click here](/r/CryptoCurrency/comments/ovmtu8/rcc_cointest_coin_inquiries_shiba_inu\/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Shiba_Inu) to find arguments on this topic in other rounds.

r/CryptoCurrencySee Comment

#Shiba Inu Pro-Arguments Below is an argument written by warmbookworm which won 2nd place in the Shiba Inu Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > There are several pros to Shiba Inu, as we as several common misconceptions about what value is and what makes something valuable that people who write off memecoins like Shib are usually prone to making. > > First of all, the pros: Shiba Inu is the third most searched for cryptocurrency in 2021. It has grown to become one of the top ten cryptocurrencies by marketcap, even surpassing Dogecoin, the first and by far the biggest memecoin since alt coins existed. This is huge because as we've seen with bitcoin, the first mover advantage is huge; no other coin has come close to surpassing bitcoin yet, despite tens of thousands of coins coming to existence in recent years. > > Shiba Inu clearly has one of the largest network effects in the entire industry, which is arguably the most important metric for any crypto. > > You can easily buy Shib on platforms like Webull, so people who are not into crypto can still get in and buy shib, making it far more accessible than all but the largest and most well-known cryptocurrencies. > > Finally, Shib has great branding. The idea of the "Shib Army" and "Shib to 1 cent" (or even a dollar) is incredibly good marketing, because it gives the community a common identity, as well as a goal to work towards. If we take any other crypto, people might like the coin and want it to go up, but there is no singular goal that everyone can point to and talk about. Thus, people are much less likely to contribute towards the development and branding of the coin. > > Secondly, the "shib-lingo", with LEASH and BONE as well as other parts of the shiba inu ecosystem allows for a much more intuitive understanding of crypto for those who find it too challenging to understand and can't be bothered to learn about all of the ins and outs of crypto itself. It is a great gateway for complete beginners to start understanding all of the different crypto terminology in words and concepts they already understand. > > ---------------------------- > > Now in terms of misconceptions regarding value, most people think that you need to have a "use-case" for value. But what is a use-case? Really, a use-case is just a "feature". i.e they think that every coin has to have some special feature or property that other coins don't have in order for it to be valuable. > > This makes sense intuitively, but isn't how things actually work. Just because something has a unique feature doesn't mean that that feature is useful. For example, if you were to take YouTube's source code today and slightly improve the UI, you would have a "superior YouTube", but no one would use it. > > Network effects far outweigh any features in terms of importance. Furthermore, the idea that features have to come *before* value is intuitive, but actually, as we've seen, because of the Shib network being adopted, there are DApps being developed on it, like wallets and exchanges to begin with, and eventually, there will probably be a lot more products and services being built on top of Shib in the future, as long as it continues to hold value. > > Because it isn't just feature that create value. Rather, developers chase after the money. Where there is money, where there are incentives, that's where people will build, and that in itself will grow the ecosystem. > > disclosure: I do not hold any SHIB and never will. ***** Would you like to learn more? [Click here](/r/CryptoCurrency/comments/ovmtu8/rcc_cointest_coin_inquiries_shiba_inu\/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Shiba_Inu) to find arguments on this topic in other rounds.

r/CryptoCurrencySee Comment

Back in 2017 I had 66 eth tucked away, but sadly life got in the way and I needed to sell them (we were renting, needed to move and needed to find a deposit, rent up front and moving costs), so I sold them. I still made maybe 10x my initial investment, but it'll haunt me for a long time. Recently I decided I wasn't going to make the same mistake with SHIB. I invested a little bit for fun and bought 7bn literally two weeks before it started spiking for the first time. On the first ATH that was worth about £45k, so I took £5k out (needed a new garden fence) and left the rest. It dropped to about £20k in value, and I slightly diversified it into BONE and a couple of LEASH. Shortly before the last big spike someone broke into my wallet (I know - I think they did it through an old Google backup account, not really sure) and stole all of it. I feel like the fates have decided early retirement is not for me. But hey... what a ride!

r/CryptoCurrencySee Comment

#Shiba Inu Pro-Arguments Below is an argument written by cbelaski which won 3rd place in the Shiba Inu Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > Shiba Inu (SHIB) is an ERC-20 token modeled after the king of meme coins Dogecoin. This token has evolved beyond meme status, focusing on decentralization with their own DEX ShibaSwap. > > ShibaSwap utilizes the 3 tokens in the ecosystem (SHIB, LEASH, and BONE) to facilitate transactions and provide rewards. ShibaSwap has gone all in on the theme, renaming staple terms to more dog centric names: stake is now bury and provide liquidity is now dig. This helps to immerse users into the ecosystem and provides a unique aspect to those involved. > > Shiba Inu also has an incubator dedicated to "cultivating an enviromnet which encourages creativity and growth." This incubator helps those in the community with their NFT aspirations and is a large part of their decentralization movement. > > SHIB also has a psychological advantage not many coins can replicate. This comes from the fact that their are 1 QUADRILLION coins in circulation. Having that many coins helps SHIB maintain it's low price and allows users to buy massive amounts of coins for a relatively small investment. While this doesn't really mean much in the grand scheme of things since market cap is what really matters, people are easily swayed by large numbers. > > Looking past the technicals, SHIB is a force to be reckoned with on the community front. Following Dogecoins footsteps, SHIB may have figured out the secret to quick growth and utilization: hype. It doesn't matter how good your product is if no one has heard of you. SHIB has gained a rabid following through the ShibArmy and taking just one look at their subreddit will show you that they have all drank the kool-aid. If they can keep this hype going, SHIB is a meme coin that will stick around for quite some time. > > Others will argue that these meme coins are a negative on the crypto space and only further the idea that this is all fake money, but it is actually the opposite. Hype leads to growing interest which leads to more users in the crypto world. Dogecoin paved the way for meme coins as an entry point for the average person, and Shiba Inu is just the next evolution of that idea. As more users flow into this space and add their fiat into the exchanges, the crypto world as a whole will continue to grow and head towards our ultimate goal of replacing the current financial system. ***** Would you like to learn more? [Click here](/r/CryptoCurrency/comments/ovmtu8/rcc_cointest_coin_inquiries_shiba_inu\/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Shiba_Inu) to find arguments on this topic in other rounds.

r/CryptoCurrencySee Comment

#Shiba Inu Pro-Arguments Below is an argument written by warmbookworm which won 2nd place in the Shiba Inu Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > There are several pros to Shiba Inu, as we as several common misconceptions about what value is and what makes something valuable that people who write off memecoins like Shib are usually prone to making. > > First of all, the pros: Shiba Inu is the third most searched for cryptocurrency in 2021. It has grown to become one of the top ten cryptocurrencies by marketcap, even surpassing Dogecoin, the first and by far the biggest memecoin since alt coins existed. This is huge because as we've seen with bitcoin, the first mover advantage is huge; no other coin has come close to surpassing bitcoin yet, despite tens of thousands of coins coming to existence in recent years. > > Shiba Inu clearly has one of the largest network effects in the entire industry, which is arguably the most important metric for any crypto. > > You can easily buy Shib on platforms like Webull, so people who are not into crypto can still get in and buy shib, making it far more accessible than all but the largest and most well-known cryptocurrencies. > > Finally, Shib has great branding. The idea of the "Shib Army" and "Shib to 1 cent" (or even a dollar) is incredibly good marketing, because it gives the community a common identity, as well as a goal to work towards. If we take any other crypto, people might like the coin and want it to go up, but there is no singular goal that everyone can point to and talk about. Thus, people are much less likely to contribute towards the development and branding of the coin. > > Secondly, the "shib-lingo", with LEASH and BONE as well as other parts of the shiba inu ecosystem allows for a much more intuitive understanding of crypto for those who find it too challenging to understand and can't be bothered to learn about all of the ins and outs of crypto itself. It is a great gateway for complete beginners to start understanding all of the different crypto terminology in words and concepts they already understand. > > ---------------------------- > > Now in terms of misconceptions regarding value, most people think that you need to have a "use-case" for value. But what is a use-case? Really, a use-case is just a "feature". i.e they think that every coin has to have some special feature or property that other coins don't have in order for it to be valuable. > > This makes sense intuitively, but isn't how things actually work. Just because something has a unique feature doesn't mean that that feature is useful. For example, if you were to take YouTube's source code today and slightly improve the UI, you would have a "superior YouTube", but no one would use it. > > Network effects far outweigh any features in terms of importance. Furthermore, the idea that features have to come *before* value is intuitive, but actually, as we've seen, because of the Shib network being adopted, there are DApps being developed on it, like wallets and exchanges to begin with, and eventually, there will probably be a lot more products and services being built on top of Shib in the future, as long as it continues to hold value. > > Because it isn't just feature that create value. Rather, developers chase after the money. Where there is money, where there are incentives, that's where people will build, and that in itself will grow the ecosystem. > > disclosure: I do not hold any SHIB and never will. ***** Would you like to learn more? [Click here](/r/CryptoCurrency/comments/ovmtu8/rcc_cointest_coin_inquiries_shiba_inu\/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Shiba_Inu) to find arguments on this topic in other rounds.

r/CryptoCurrencySee Comment

#Shiba Inu Pro-Arguments Below is an argument written by cbelaski which won 3rd place in the Shiba Inu Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > Shiba Inu (SHIB) is an ERC-20 token modeled after the king of meme coins Dogecoin. This token has evolved beyond meme status, focusing on decentralization with their own DEX ShibaSwap. > > ShibaSwap utilizes the 3 tokens in the ecosystem (SHIB, LEASH, and BONE) to facilitate transactions and provide rewards. ShibaSwap has gone all in on the theme, renaming staple terms to more dog centric names: stake is now bury and provide liquidity is now dig. This helps to immerse users into the ecosystem and provides a unique aspect to those involved. > > Shiba Inu also has an incubator dedicated to "cultivating an enviromnet which encourages creativity and growth." This incubator helps those in the community with their NFT aspirations and is a large part of their decentralization movement. > > SHIB also has a psychological advantage not many coins can replicate. This comes from the fact that their are 1 QUADRILLION coins in circulation. Having that many coins helps SHIB maintain it's low price and allows users to buy massive amounts of coins for a relatively small investment. While this doesn't really mean much in the grand scheme of things since market cap is what really matters, people are easily swayed by large numbers. > > Looking past the technicals, SHIB is a force to be reckoned with on the community front. Following Dogecoins footsteps, SHIB may have figured out the secret to quick growth and utilization: hype. It doesn't matter how good your product is if no one has heard of you. SHIB has gained a rabid following through the ShibArmy and taking just one look at their subreddit will show you that they have all drank the kool-aid. If they can keep this hype going, SHIB is a meme coin that will stick around for quite some time. > > Others will argue that these meme coins are a negative on the crypto space and only further the idea that this is all fake money, but it is actually the opposite. Hype leads to growing interest which leads to more users in the crypto world. Dogecoin paved the way for meme coins as an entry point for the average person, and Shiba Inu is just the next evolution of that idea. As more users flow into this space and add their fiat into the exchanges, the crypto world as a whole will continue to grow and head towards our ultimate goal of replacing the current financial system. ***** Would you like to learn more? [Click here](/r/CryptoCurrency/comments/ovmtu8/rcc_cointest_coin_inquiries_shiba_inu\/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Shiba_Inu) to find arguments on this topic in other rounds.

r/CryptoCurrencySee Comment

#Shiba Inu Pro-Arguments Below is an argument written by warmbookworm which won 2nd place in the Shiba Inu Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > There are several pros to Shiba Inu, as we as several common misconceptions about what value is and what makes something valuable that people who write off memecoins like Shib are usually prone to making. > > First of all, the pros: Shiba Inu is the third most searched for cryptocurrency in 2021. It has grown to become one of the top ten cryptocurrencies by marketcap, even surpassing Dogecoin, the first and by far the biggest memecoin since alt coins existed. This is huge because as we've seen with bitcoin, the first mover advantage is huge; no other coin has come close to surpassing bitcoin yet, despite tens of thousands of coins coming to existence in recent years. > > Shiba Inu clearly has one of the largest network effects in the entire industry, which is arguably the most important metric for any crypto. > > You can easily buy Shib on platforms like Webull, so people who are not into crypto can still get in and buy shib, making it far more accessible than all but the largest and most well-known cryptocurrencies. > > Finally, Shib has great branding. The idea of the "Shib Army" and "Shib to 1 cent" (or even a dollar) is incredibly good marketing, because it gives the community a common identity, as well as a goal to work towards. If we take any other crypto, people might like the coin and want it to go up, but there is no singular goal that everyone can point to and talk about. Thus, people are much less likely to contribute towards the development and branding of the coin. > > Secondly, the "shib-lingo", with LEASH and BONE as well as other parts of the shiba inu ecosystem allows for a much more intuitive understanding of crypto for those who find it too challenging to understand and can't be bothered to learn about all of the ins and outs of crypto itself. It is a great gateway for complete beginners to start understanding all of the different crypto terminology in words and concepts they already understand. > > ---------------------------- > > Now in terms of misconceptions regarding value, most people think that you need to have a "use-case" for value. But what is a use-case? Really, a use-case is just a "feature". i.e they think that every coin has to have some special feature or property that other coins don't have in order for it to be valuable. > > This makes sense intuitively, but isn't how things actually work. Just because something has a unique feature doesn't mean that that feature is useful. For example, if you were to take YouTube's source code today and slightly improve the UI, you would have a "superior YouTube", but no one would use it. > > Network effects far outweigh any features in terms of importance. Furthermore, the idea that features have to come *before* value is intuitive, but actually, as we've seen, because of the Shib network being adopted, there are DApps being developed on it, like wallets and exchanges to begin with, and eventually, there will probably be a lot more products and services being built on top of Shib in the future, as long as it continues to hold value. > > Because it isn't just feature that create value. Rather, developers chase after the money. Where there is money, where there are incentives, that's where people will build, and that in itself will grow the ecosystem. > > disclosure: I do not hold any SHIB and never will. ***** Would you like to learn more? [Click here](/r/CryptoCurrency/comments/ovmtu8/rcc_cointest_coin_inquiries_shiba_inu\/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Shiba_Inu) to find arguments on this topic in other rounds.

r/CryptoMarketsSee Comment

#Shiba Inu Pro-Arguments Below is an argument written by cbelaski which won 3rd place in the Shiba Inu Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > Shiba Inu (SHIB) is an ERC-20 token modeled after the king of meme coins Dogecoin. This token has evolved beyond meme status, focusing on decentralization with their own DEX ShibaSwap. > > ShibaSwap utilizes the 3 tokens in the ecosystem (SHIB, LEASH, and BONE) to facilitate transactions and provide rewards. ShibaSwap has gone all in on the theme, renaming staple terms to more dog centric names: stake is now bury and provide liquidity is now dig. This helps to immerse users into the ecosystem and provides a unique aspect to those involved. > > Shiba Inu also has an incubator dedicated to "cultivating an enviromnet which encourages creativity and growth." This incubator helps those in the community with their NFT aspirations and is a large part of their decentralization movement. > > SHIB also has a psychological advantage not many coins can replicate. This comes from the fact that their are 1 QUADRILLION coins in circulation. Having that many coins helps SHIB maintain it's low price and allows users to buy massive amounts of coins for a relatively small investment. While this doesn't really mean much in the grand scheme of things since market cap is what really matters, people are easily swayed by large numbers. > > Looking past the technicals, SHIB is a force to be reckoned with on the community front. Following Dogecoins footsteps, SHIB may have figured out the secret to quick growth and utilization: hype. It doesn't matter how good your product is if no one has heard of you. SHIB has gained a rabid following through the ShibArmy and taking just one look at their subreddit will show you that they have all drank the kool-aid. If they can keep this hype going, SHIB is a meme coin that will stick around for quite some time. > > Others will argue that these meme coins are a negative on the crypto space and only further the idea that this is all fake money, but it is actually the opposite. Hype leads to growing interest which leads to more users in the crypto world. Dogecoin paved the way for meme coins as an entry point for the average person, and Shiba Inu is just the next evolution of that idea. As more users flow into this space and add their fiat into the exchanges, the crypto world as a whole will continue to grow and head towards our ultimate goal of replacing the current financial system. ***** Would you like to learn more? [Click here](/r/CryptoCurrency/comments/ovmtu8/rcc_cointest_coin_inquiries_shiba_inu\/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Shiba_Inu) to find arguments on this topic in other rounds.

r/CryptoMarketsSee Comment

#Shiba Inu Pro-Arguments Below is an argument written by cbelaski which won 3rd place in the Shiba Inu Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > Shiba Inu (SHIB) is an ERC-20 token modeled after the king of meme coins Dogecoin. This token has evolved beyond meme status, focusing on decentralization with their own DEX ShibaSwap. > > ShibaSwap utilizes the 3 tokens in the ecosystem (SHIB, LEASH, and BONE) to facilitate transactions and provide rewards. ShibaSwap has gone all in on the theme, renaming staple terms to more dog centric names: stake is now bury and provide liquidity is now dig. This helps to immerse users into the ecosystem and provides a unique aspect to those involved. > > Shiba Inu also has an incubator dedicated to "cultivating an enviromnet which encourages creativity and growth." This incubator helps those in the community with their NFT aspirations and is a large part of their decentralization movement. > > SHIB also has a psychological advantage not many coins can replicate. This comes from the fact that their are 1 QUADRILLION coins in circulation. Having that many coins helps SHIB maintain it's low price and allows users to buy massive amounts of coins for a relatively small investment. While this doesn't really mean much in the grand scheme of things since market cap is what really matters, people are easily swayed by large numbers. > > Looking past the technicals, SHIB is a force to be reckoned with on the community front. Following Dogecoins footsteps, SHIB may have figured out the secret to quick growth and utilization: hype. It doesn't matter how good your product is if no one has heard of you. SHIB has gained a rabid following through the ShibArmy and taking just one look at their subreddit will show you that they have all drank the kool-aid. If they can keep this hype going, SHIB is a meme coin that will stick around for quite some time. > > Others will argue that these meme coins are a negative on the crypto space and only further the idea that this is all fake money, but it is actually the opposite. Hype leads to growing interest which leads to more users in the crypto world. Dogecoin paved the way for meme coins as an entry point for the average person, and Shiba Inu is just the next evolution of that idea. As more users flow into this space and add their fiat into the exchanges, the crypto world as a whole will continue to grow and head towards our ultimate goal of replacing the current financial system. ***** Would you like to learn more? [Click here](/r/CryptoCurrency/comments/ovmtu8/rcc_cointest_coin_inquiries_shiba_inu\/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Shiba_Inu) to find arguments on this topic in other rounds.

r/CryptoCurrencySee Comment

#Shiba Inu Pro-Arguments Below is an argument written by warmbookworm which won 2nd place in the Shiba Inu Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > There are several pros to Shiba Inu, as we as several common misconceptions about what value is and what makes something valuable that people who write off memecoins like Shib are usually prone to making. > > First of all, the pros: Shiba Inu is the third most searched for cryptocurrency in 2021. It has grown to become one of the top ten cryptocurrencies by marketcap, even surpassing Dogecoin, the first and by far the biggest memecoin since alt coins existed. This is huge because as we've seen with bitcoin, the first mover advantage is huge; no other coin has come close to surpassing bitcoin yet, despite tens of thousands of coins coming to existence in recent years. > > Shiba Inu clearly has one of the largest network effects in the entire industry, which is arguably the most important metric for any crypto. > > You can easily buy Shib on platforms like Webull, so people who are not into crypto can still get in and buy shib, making it far more accessible than all but the largest and most well-known cryptocurrencies. > > Finally, Shib has great branding. The idea of the "Shib Army" and "Shib to 1 cent" (or even a dollar) is incredibly good marketing, because it gives the community a common identity, as well as a goal to work towards. If we take any other crypto, people might like the coin and want it to go up, but there is no singular goal that everyone can point to and talk about. Thus, people are much less likely to contribute towards the development and branding of the coin. > > Secondly, the "shib-lingo", with LEASH and BONE as well as other parts of the shiba inu ecosystem allows for a much more intuitive understanding of crypto for those who find it too challenging to understand and can't be bothered to learn about all of the ins and outs of crypto itself. It is a great gateway for complete beginners to start understanding all of the different crypto terminology in words and concepts they already understand. > > ---------------------------- > > Now in terms of misconceptions regarding value, most people think that you need to have a "use-case" for value. But what is a use-case? Really, a use-case is just a "feature". i.e they think that every coin has to have some special feature or property that other coins don't have in order for it to be valuable. > > This makes sense intuitively, but isn't how things actually work. Just because something has a unique feature doesn't mean that that feature is useful. For example, if you were to take YouTube's source code today and slightly improve the UI, you would have a "superior YouTube", but no one would use it. > > Network effects far outweigh any features in terms of importance. Furthermore, the idea that features have to come *before* value is intuitive, but actually, as we've seen, because of the Shib network being adopted, there are DApps being developed on it, like wallets and exchanges to begin with, and eventually, there will probably be a lot more products and services being built on top of Shib in the future, as long as it continues to hold value. > > Because it isn't just feature that create value. Rather, developers chase after the money. Where there is money, where there are incentives, that's where people will build, and that in itself will grow the ecosystem. > > disclosure: I do not hold any SHIB and never will. ***** Would you like to learn more? [Click here](/r/CryptoCurrency/comments/ovmtu8/rcc_cointest_coin_inquiries_shiba_inu\/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Shiba_Inu) to find arguments on this topic in other rounds.

r/CryptoCurrencySee Comment

#Shiba Inu Pro-Arguments Below is an argument written by cbelaski which won 3rd place in the Shiba Inu Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > Shiba Inu (SHIB) is an ERC-20 token modeled after the king of meme coins Dogecoin. This token has evolved beyond meme status, focusing on decentralization with their own DEX ShibaSwap. > > ShibaSwap utilizes the 3 tokens in the ecosystem (SHIB, LEASH, and BONE) to facilitate transactions and provide rewards. ShibaSwap has gone all in on the theme, renaming staple terms to more dog centric names: stake is now bury and provide liquidity is now dig. This helps to immerse users into the ecosystem and provides a unique aspect to those involved. > > Shiba Inu also has an incubator dedicated to "cultivating an enviromnet which encourages creativity and growth." This incubator helps those in the community with their NFT aspirations and is a large part of their decentralization movement. > > SHIB also has a psychological advantage not many coins can replicate. This comes from the fact that their are 1 QUADRILLION coins in circulation. Having that many coins helps SHIB maintain it's low price and allows users to buy massive amounts of coins for a relatively small investment. While this doesn't really mean much in the grand scheme of things since market cap is what really matters, people are easily swayed by large numbers. > > Looking past the technicals, SHIB is a force to be reckoned with on the community front. Following Dogecoins footsteps, SHIB may have figured out the secret to quick growth and utilization: hype. It doesn't matter how good your product is if no one has heard of you. SHIB has gained a rabid following through the ShibArmy and taking just one look at their subreddit will show you that they have all drank the kool-aid. If they can keep this hype going, SHIB is a meme coin that will stick around for quite some time. > > Others will argue that these meme coins are a negative on the crypto space and only further the idea that this is all fake money, but it is actually the opposite. Hype leads to growing interest which leads to more users in the crypto world. Dogecoin paved the way for meme coins as an entry point for the average person, and Shiba Inu is just the next evolution of that idea. As more users flow into this space and add their fiat into the exchanges, the crypto world as a whole will continue to grow and head towards our ultimate goal of replacing the current financial system. ***** Would you like to learn more? [Click here](/r/CryptoCurrency/comments/ovmtu8/rcc_cointest_coin_inquiries_shiba_inu\/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Shiba_Inu) to find arguments on this topic in other rounds.

r/CryptoCurrencySee Comment

#Shiba Inu Pro-Arguments Below is an argument written by warmbookworm which won 2nd place in the Shiba Inu Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > There are several pros to Shiba Inu, as we as several common misconceptions about what value is and what makes something valuable that people who write off memecoins like Shib are usually prone to making. > > First of all, the pros: Shiba Inu is the third most searched for cryptocurrency in 2021. It has grown to become one of the top ten cryptocurrencies by marketcap, even surpassing Dogecoin, the first and by far the biggest memecoin since alt coins existed. This is huge because as we've seen with bitcoin, the first mover advantage is huge; no other coin has come close to surpassing bitcoin yet, despite tens of thousands of coins coming to existence in recent years. > > Shiba Inu clearly has one of the largest network effects in the entire industry, which is arguably the most important metric for any crypto. > > You can easily buy Shib on platforms like Webull, so people who are not into crypto can still get in and buy shib, making it far more accessible than all but the largest and most well-known cryptocurrencies. > > Finally, Shib has great branding. The idea of the "Shib Army" and "Shib to 1 cent" (or even a dollar) is incredibly good marketing, because it gives the community a common identity, as well as a goal to work towards. If we take any other crypto, people might like the coin and want it to go up, but there is no singular goal that everyone can point to and talk about. Thus, people are much less likely to contribute towards the development and branding of the coin. > > Secondly, the "shib-lingo", with LEASH and BONE as well as other parts of the shiba inu ecosystem allows for a much more intuitive understanding of crypto for those who find it too challenging to understand and can't be bothered to learn about all of the ins and outs of crypto itself. It is a great gateway for complete beginners to start understanding all of the different crypto terminology in words and concepts they already understand. > > ---------------------------- > > Now in terms of misconceptions regarding value, most people think that you need to have a "use-case" for value. But what is a use-case? Really, a use-case is just a "feature". i.e they think that every coin has to have some special feature or property that other coins don't have in order for it to be valuable. > > This makes sense intuitively, but isn't how things actually work. Just because something has a unique feature doesn't mean that that feature is useful. For example, if you were to take YouTube's source code today and slightly improve the UI, you would have a "superior YouTube", but no one would use it. > > Network effects far outweigh any features in terms of importance. Furthermore, the idea that features have to come *before* value is intuitive, but actually, as we've seen, because of the Shib network being adopted, there are DApps being developed on it, like wallets and exchanges to begin with, and eventually, there will probably be a lot more products and services being built on top of Shib in the future, as long as it continues to hold value. > > Because it isn't just feature that create value. Rather, developers chase after the money. Where there is money, where there are incentives, that's where people will build, and that in itself will grow the ecosystem. > > disclosure: I do not hold any SHIB and never will. ***** Would you like to learn more? [Click here](/r/CryptoCurrency/comments/ovmtu8/rcc_cointest_coin_inquiries_shiba_inu\/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Shiba_Inu) to find arguments on this topic in other rounds.

r/CryptoCurrencySee Comment

#Shiba Inu Pro-Arguments Below is an argument written by cbelaski which won 3rd place in the Shiba Inu Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > Shiba Inu (SHIB) is an ERC-20 token modeled after the king of meme coins Dogecoin. This token has evolved beyond meme status, focusing on decentralization with their own DEX ShibaSwap. > > ShibaSwap utilizes the 3 tokens in the ecosystem (SHIB, LEASH, and BONE) to facilitate transactions and provide rewards. ShibaSwap has gone all in on the theme, renaming staple terms to more dog centric names: stake is now bury and provide liquidity is now dig. This helps to immerse users into the ecosystem and provides a unique aspect to those involved. > > Shiba Inu also has an incubator dedicated to "cultivating an enviromnet which encourages creativity and growth." This incubator helps those in the community with their NFT aspirations and is a large part of their decentralization movement. > > SHIB also has a psychological advantage not many coins can replicate. This comes from the fact that their are 1 QUADRILLION coins in circulation. Having that many coins helps SHIB maintain it's low price and allows users to buy massive amounts of coins for a relatively small investment. While this doesn't really mean much in the grand scheme of things since market cap is what really matters, people are easily swayed by large numbers. > > Looking past the technicals, SHIB is a force to be reckoned with on the community front. Following Dogecoins footsteps, SHIB may have figured out the secret to quick growth and utilization: hype. It doesn't matter how good your product is if no one has heard of you. SHIB has gained a rabid following through the ShibArmy and taking just one look at their subreddit will show you that they have all drank the kool-aid. If they can keep this hype going, SHIB is a meme coin that will stick around for quite some time. > > Others will argue that these meme coins are a negative on the crypto space and only further the idea that this is all fake money, but it is actually the opposite. Hype leads to growing interest which leads to more users in the crypto world. Dogecoin paved the way for meme coins as an entry point for the average person, and Shiba Inu is just the next evolution of that idea. As more users flow into this space and add their fiat into the exchanges, the crypto world as a whole will continue to grow and head towards our ultimate goal of replacing the current financial system. ***** Would you like to learn more? [Click here](/r/CryptoCurrency/comments/ovmtu8/rcc_cointest_coin_inquiries_shiba_inu\/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Shiba_Inu) to find arguments on this topic in other rounds.

r/CryptoCurrencySee Comment

#Shiba Inu Pro-Arguments Below is an argument written by cbelaski which won 3rd place in the Shiba Inu Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > Shiba Inu (SHIB) is an ERC-20 token modeled after the king of meme coins Dogecoin. This token has evolved beyond meme status, focusing on decentralization with their own DEX ShibaSwap. > > ShibaSwap utilizes the 3 tokens in the ecosystem (SHIB, LEASH, and BONE) to facilitate transactions and provide rewards. ShibaSwap has gone all in on the theme, renaming staple terms to more dog centric names: stake is now bury and provide liquidity is now dig. This helps to immerse users into the ecosystem and provides a unique aspect to those involved. > > Shiba Inu also has an incubator dedicated to "cultivating an enviromnet which encourages creativity and growth." This incubator helps those in the community with their NFT aspirations and is a large part of their decentralization movement. > > SHIB also has a psychological advantage not many coins can replicate. This comes from the fact that their are 1 QUADRILLION coins in circulation. Having that many coins helps SHIB maintain it's low price and allows users to buy massive amounts of coins for a relatively small investment. While this doesn't really mean much in the grand scheme of things since market cap is what really matters, people are easily swayed by large numbers. > > Looking past the technicals, SHIB is a force to be reckoned with on the community front. Following Dogecoins footsteps, SHIB may have figured out the secret to quick growth and utilization: hype. It doesn't matter how good your product is if no one has heard of you. SHIB has gained a rabid following through the ShibArmy and taking just one look at their subreddit will show you that they have all drank the kool-aid. If they can keep this hype going, SHIB is a meme coin that will stick around for quite some time. > > Others will argue that these meme coins are a negative on the crypto space and only further the idea that this is all fake money, but it is actually the opposite. Hype leads to growing interest which leads to more users in the crypto world. Dogecoin paved the way for meme coins as an entry point for the average person, and Shiba Inu is just the next evolution of that idea. As more users flow into this space and add their fiat into the exchanges, the crypto world as a whole will continue to grow and head towards our ultimate goal of replacing the current financial system. ***** Would you like to learn more? [Click here](/r/CryptoCurrency/comments/ovmtu8/rcc_cointest_coin_inquiries_shiba_inu\/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Shiba_Inu) to find arguments on this topic in other rounds.

r/CryptoCurrencySee Comment

#Shiba Inu Pro-Arguments Below is an argument written by cbelaski which won 3rd place in the Shiba Inu Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > Shiba Inu (SHIB) is an ERC-20 token modeled after the king of meme coins Dogecoin. This token has evolved beyond meme status, focusing on decentralization with their own DEX ShibaSwap. > > ShibaSwap utilizes the 3 tokens in the ecosystem (SHIB, LEASH, and BONE) to facilitate transactions and provide rewards. ShibaSwap has gone all in on the theme, renaming staple terms to more dog centric names: stake is now bury and provide liquidity is now dig. This helps to immerse users into the ecosystem and provides a unique aspect to those involved. > > Shiba Inu also has an incubator dedicated to "cultivating an enviromnet which encourages creativity and growth." This incubator helps those in the community with their NFT aspirations and is a large part of their decentralization movement. > > SHIB also has a psychological advantage not many coins can replicate. This comes from the fact that their are 1 QUADRILLION coins in circulation. Having that many coins helps SHIB maintain it's low price and allows users to buy massive amounts of coins for a relatively small investment. While this doesn't really mean much in the grand scheme of things since market cap is what really matters, people are easily swayed by large numbers. > > Looking past the technicals, SHIB is a force to be reckoned with on the community front. Following Dogecoins footsteps, SHIB may have figured out the secret to quick growth and utilization: hype. It doesn't matter how good your product is if no one has heard of you. SHIB has gained a rabid following through the ShibArmy and taking just one look at their subreddit will show you that they have all drank the kool-aid. If they can keep this hype going, SHIB is a meme coin that will stick around for quite some time. > > Others will argue that these meme coins are a negative on the crypto space and only further the idea that this is all fake money, but it is actually the opposite. Hype leads to growing interest which leads to more users in the crypto world. Dogecoin paved the way for meme coins as an entry point for the average person, and Shiba Inu is just the next evolution of that idea. As more users flow into this space and add their fiat into the exchanges, the crypto world as a whole will continue to grow and head towards our ultimate goal of replacing the current financial system. ***** Would you like to learn more? [Click here](/r/CryptoCurrency/comments/ovmtu8/rcc_cointest_coin_inquiries_shiba_inu\/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Shiba_Inu) to find arguments on this topic in other rounds.

r/CryptoMarketsSee Comment

#Shiba Inu Pro-Arguments Below is an argument written by warmbookworm which won 2nd place in the Shiba Inu Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > There are several pros to Shiba Inu, as we as several common misconceptions about what value is and what makes something valuable that people who write off memecoins like Shib are usually prone to making. > > First of all, the pros: Shiba Inu is the third most searched for cryptocurrency in 2021. It has grown to become one of the top ten cryptocurrencies by marketcap, even surpassing Dogecoin, the first and by far the biggest memecoin since alt coins existed. This is huge because as we've seen with bitcoin, the first mover advantage is huge; no other coin has come close to surpassing bitcoin yet, despite tens of thousands of coins coming to existence in recent years. > > Shiba Inu clearly has one of the largest network effects in the entire industry, which is arguably the most important metric for any crypto. > > You can easily buy Shib on platforms like Webull, so people who are not into crypto can still get in and buy shib, making it far more accessible than all but the largest and most well-known cryptocurrencies. > > Finally, Shib has great branding. The idea of the "Shib Army" and "Shib to 1 cent" (or even a dollar) is incredibly good marketing, because it gives the community a common identity, as well as a goal to work towards. If we take any other crypto, people might like the coin and want it to go up, but there is no singular goal that everyone can point to and talk about. Thus, people are much less likely to contribute towards the development and branding of the coin. > > Secondly, the "shib-lingo", with LEASH and BONE as well as other parts of the shiba inu ecosystem allows for a much more intuitive understanding of crypto for those who find it too challenging to understand and can't be bothered to learn about all of the ins and outs of crypto itself. It is a great gateway for complete beginners to start understanding all of the different crypto terminology in words and concepts they already understand. > > ---------------------------- > > Now in terms of misconceptions regarding value, most people think that you need to have a "use-case" for value. But what is a use-case? Really, a use-case is just a "feature". i.e they think that every coin has to have some special feature or property that other coins don't have in order for it to be valuable. > > This makes sense intuitively, but isn't how things actually work. Just because something has a unique feature doesn't mean that that feature is useful. For example, if you were to take YouTube's source code today and slightly improve the UI, you would have a "superior YouTube", but no one would use it. > > Network effects far outweigh any features in terms of importance. Furthermore, the idea that features have to come *before* value is intuitive, but actually, as we've seen, because of the Shib network being adopted, there are DApps being developed on it, like wallets and exchanges to begin with, and eventually, there will probably be a lot more products and services being built on top of Shib in the future, as long as it continues to hold value. > > Because it isn't just feature that create value. Rather, developers chase after the money. Where there is money, where there are incentives, that's where people will build, and that in itself will grow the ecosystem. > > disclosure: I do not hold any SHIB and never will. ***** Would you like to learn more? [Click here](/r/CryptoCurrency/comments/ovmtu8/rcc_cointest_coin_inquiries_shiba_inu\/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Shiba_Inu) to find arguments on this topic in other rounds.

r/CryptoCurrencySee Comment

#Shiba Inu Pro-Arguments Below is an argument written by warmbookworm which won 2nd place in the Shiba Inu Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > There are several pros to Shiba Inu, as we as several common misconceptions about what value is and what makes something valuable that people who write off memecoins like Shib are usually prone to making. > > First of all, the pros: Shiba Inu is the third most searched for cryptocurrency in 2021. It has grown to become one of the top ten cryptocurrencies by marketcap, even surpassing Dogecoin, the first and by far the biggest memecoin since alt coins existed. This is huge because as we've seen with bitcoin, the first mover advantage is huge; no other coin has come close to surpassing bitcoin yet, despite tens of thousands of coins coming to existence in recent years. > > Shiba Inu clearly has one of the largest network effects in the entire industry, which is arguably the most important metric for any crypto. > > You can easily buy Shib on platforms like Webull, so people who are not into crypto can still get in and buy shib, making it far more accessible than all but the largest and most well-known cryptocurrencies. > > Finally, Shib has great branding. The idea of the "Shib Army" and "Shib to 1 cent" (or even a dollar) is incredibly good marketing, because it gives the community a common identity, as well as a goal to work towards. If we take any other crypto, people might like the coin and want it to go up, but there is no singular goal that everyone can point to and talk about. Thus, people are much less likely to contribute towards the development and branding of the coin. > > Secondly, the "shib-lingo", with LEASH and BONE as well as other parts of the shiba inu ecosystem allows for a much more intuitive understanding of crypto for those who find it too challenging to understand and can't be bothered to learn about all of the ins and outs of crypto itself. It is a great gateway for complete beginners to start understanding all of the different crypto terminology in words and concepts they already understand. > > ---------------------------- > > Now in terms of misconceptions regarding value, most people think that you need to have a "use-case" for value. But what is a use-case? Really, a use-case is just a "feature". i.e they think that every coin has to have some special feature or property that other coins don't have in order for it to be valuable. > > This makes sense intuitively, but isn't how things actually work. Just because something has a unique feature doesn't mean that that feature is useful. For example, if you were to take YouTube's source code today and slightly improve the UI, you would have a "superior YouTube", but no one would use it. > > Network effects far outweigh any features in terms of importance. Furthermore, the idea that features have to come *before* value is intuitive, but actually, as we've seen, because of the Shib network being adopted, there are DApps being developed on it, like wallets and exchanges to begin with, and eventually, there will probably be a lot more products and services being built on top of Shib in the future, as long as it continues to hold value. > > Because it isn't just feature that create value. Rather, developers chase after the money. Where there is money, where there are incentives, that's where people will build, and that in itself will grow the ecosystem. > > disclosure: I do not hold any SHIB and never will. ***** Would you like to learn more? [Click here](/r/CryptoCurrency/comments/ovmtu8/rcc_cointest_coin_inquiries_shiba_inu\/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Shiba_Inu) to find arguments on this topic in other rounds.

r/CryptoCurrencySee Comment

#Shiba Inu Pro-Arguments Below is an argument written by warmbookworm which won 2nd place in the Shiba Inu Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > There are several pros to Shiba Inu, as we as several common misconceptions about what value is and what makes something valuable that people who write off memecoins like Shib are usually prone to making. > > First of all, the pros: Shiba Inu is the third most searched for cryptocurrency in 2021. It has grown to become one of the top ten cryptocurrencies by marketcap, even surpassing Dogecoin, the first and by far the biggest memecoin since alt coins existed. This is huge because as we've seen with bitcoin, the first mover advantage is huge; no other coin has come close to surpassing bitcoin yet, despite tens of thousands of coins coming to existence in recent years. > > Shiba Inu clearly has one of the largest network effects in the entire industry, which is arguably the most important metric for any crypto. > > You can easily buy Shib on platforms like Webull, so people who are not into crypto can still get in and buy shib, making it far more accessible than all but the largest and most well-known cryptocurrencies. > > Finally, Shib has great branding. The idea of the "Shib Army" and "Shib to 1 cent" (or even a dollar) is incredibly good marketing, because it gives the community a common identity, as well as a goal to work towards. If we take any other crypto, people might like the coin and want it to go up, but there is no singular goal that everyone can point to and talk about. Thus, people are much less likely to contribute towards the development and branding of the coin. > > Secondly, the "shib-lingo", with LEASH and BONE as well as other parts of the shiba inu ecosystem allows for a much more intuitive understanding of crypto for those who find it too challenging to understand and can't be bothered to learn about all of the ins and outs of crypto itself. It is a great gateway for complete beginners to start understanding all of the different crypto terminology in words and concepts they already understand. > > ---------------------------- > > Now in terms of misconceptions regarding value, most people think that you need to have a "use-case" for value. But what is a use-case? Really, a use-case is just a "feature". i.e they think that every coin has to have some special feature or property that other coins don't have in order for it to be valuable. > > This makes sense intuitively, but isn't how things actually work. Just because something has a unique feature doesn't mean that that feature is useful. For example, if you were to take YouTube's source code today and slightly improve the UI, you would have a "superior YouTube", but no one would use it. > > Network effects far outweigh any features in terms of importance. Furthermore, the idea that features have to come *before* value is intuitive, but actually, as we've seen, because of the Shib network being adopted, there are DApps being developed on it, like wallets and exchanges to begin with, and eventually, there will probably be a lot more products and services being built on top of Shib in the future, as long as it continues to hold value. > > Because it isn't just feature that create value. Rather, developers chase after the money. Where there is money, where there are incentives, that's where people will build, and that in itself will grow the ecosystem. > > disclosure: I do not hold any SHIB and never will. ***** Would you like to learn more? [Click here](/r/CryptoCurrency/comments/ovmtu8/rcc_cointest_coin_inquiries_shiba_inu\/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Shiba_Inu) to find arguments on this topic in other rounds.

r/CryptoMarketsSee Comment

#Shiba Inu Pro-Arguments Below is an argument written by cbelaski which won 3rd place in the Shiba Inu Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > Shiba Inu (SHIB) is an ERC-20 token modeled after the king of meme coins Dogecoin. This token has evolved beyond meme status, focusing on decentralization with their own DEX ShibaSwap. > > ShibaSwap utilizes the 3 tokens in the ecosystem (SHIB, LEASH, and BONE) to facilitate transactions and provide rewards. ShibaSwap has gone all in on the theme, renaming staple terms to more dog centric names: stake is now bury and provide liquidity is now dig. This helps to immerse users into the ecosystem and provides a unique aspect to those involved. > > Shiba Inu also has an incubator dedicated to "cultivating an enviromnet which encourages creativity and growth." This incubator helps those in the community with their NFT aspirations and is a large part of their decentralization movement. > > SHIB also has a psychological advantage not many coins can replicate. This comes from the fact that their are 1 QUADRILLION coins in circulation. Having that many coins helps SHIB maintain it's low price and allows users to buy massive amounts of coins for a relatively small investment. While this doesn't really mean much in the grand scheme of things since market cap is what really matters, people are easily swayed by large numbers. > > Looking past the technicals, SHIB is a force to be reckoned with on the community front. Following Dogecoins footsteps, SHIB may have figured out the secret to quick growth and utilization: hype. It doesn't matter how good your product is if no one has heard of you. SHIB has gained a rabid following through the ShibArmy and taking just one look at their subreddit will show you that they have all drank the kool-aid. If they can keep this hype going, SHIB is a meme coin that will stick around for quite some time. > > Others will argue that these meme coins are a negative on the crypto space and only further the idea that this is all fake money, but it is actually the opposite. Hype leads to growing interest which leads to more users in the crypto world. Dogecoin paved the way for meme coins as an entry point for the average person, and Shiba Inu is just the next evolution of that idea. As more users flow into this space and add their fiat into the exchanges, the crypto world as a whole will continue to grow and head towards our ultimate goal of replacing the current financial system. ***** Would you like to learn more? [Click here](/r/CryptoCurrency/comments/ovmtu8/rcc_cointest_coin_inquiries_shiba_inu\/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Shiba_Inu) to find arguments on this topic in other rounds.

r/CryptoMarketsSee Comment

#Shiba Inu Pro-Arguments Below is an argument written by warmbookworm which won 2nd place in the Shiba Inu Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > There are several pros to Shiba Inu, as we as several common misconceptions about what value is and what makes something valuable that people who write off memecoins like Shib are usually prone to making. > > First of all, the pros: Shiba Inu is the third most searched for cryptocurrency in 2021. It has grown to become one of the top ten cryptocurrencies by marketcap, even surpassing Dogecoin, the first and by far the biggest memecoin since alt coins existed. This is huge because as we've seen with bitcoin, the first mover advantage is huge; no other coin has come close to surpassing bitcoin yet, despite tens of thousands of coins coming to existence in recent years. > > Shiba Inu clearly has one of the largest network effects in the entire industry, which is arguably the most important metric for any crypto. > > You can easily buy Shib on platforms like Webull, so people who are not into crypto can still get in and buy shib, making it far more accessible than all but the largest and most well-known cryptocurrencies. > > Finally, Shib has great branding. The idea of the "Shib Army" and "Shib to 1 cent" (or even a dollar) is incredibly good marketing, because it gives the community a common identity, as well as a goal to work towards. If we take any other crypto, people might like the coin and want it to go up, but there is no singular goal that everyone can point to and talk about. Thus, people are much less likely to contribute towards the development and branding of the coin. > > Secondly, the "shib-lingo", with LEASH and BONE as well as other parts of the shiba inu ecosystem allows for a much more intuitive understanding of crypto for those who find it too challenging to understand and can't be bothered to learn about all of the ins and outs of crypto itself. It is a great gateway for complete beginners to start understanding all of the different crypto terminology in words and concepts they already understand. > > ---------------------------- > > Now in terms of misconceptions regarding value, most people think that you need to have a "use-case" for value. But what is a use-case? Really, a use-case is just a "feature". i.e they think that every coin has to have some special feature or property that other coins don't have in order for it to be valuable. > > This makes sense intuitively, but isn't how things actually work. Just because something has a unique feature doesn't mean that that feature is useful. For example, if you were to take YouTube's source code today and slightly improve the UI, you would have a "superior YouTube", but no one would use it. > > Network effects far outweigh any features in terms of importance. Furthermore, the idea that features have to come *before* value is intuitive, but actually, as we've seen, because of the Shib network being adopted, there are DApps being developed on it, like wallets and exchanges to begin with, and eventually, there will probably be a lot more products and services being built on top of Shib in the future, as long as it continues to hold value. > > Because it isn't just feature that create value. Rather, developers chase after the money. Where there is money, where there are incentives, that's where people will build, and that in itself will grow the ecosystem. > > disclosure: I do not hold any SHIB and never will. ***** Would you like to learn more? [Click here](/r/CryptoCurrency/comments/ovmtu8/rcc_cointest_coin_inquiries_shiba_inu\/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Shiba_Inu) to find arguments on this topic in other rounds.

r/CryptoCurrencySee Comment

#Shiba Inu Pro-Arguments Below is an argument written by cbelaski which won 3rd place in the Shiba Inu Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > Shiba Inu (SHIB) is an ERC-20 token modeled after the king of meme coins Dogecoin. This token has evolved beyond meme status, focusing on decentralization with their own DEX ShibaSwap. > > ShibaSwap utilizes the 3 tokens in the ecosystem (SHIB, LEASH, and BONE) to facilitate transactions and provide rewards. ShibaSwap has gone all in on the theme, renaming staple terms to more dog centric names: stake is now bury and provide liquidity is now dig. This helps to immerse users into the ecosystem and provides a unique aspect to those involved. > > Shiba Inu also has an incubator dedicated to "cultivating an enviromnet which encourages creativity and growth." This incubator helps those in the community with their NFT aspirations and is a large part of their decentralization movement. > > SHIB also has a psychological advantage not many coins can replicate. This comes from the fact that their are 1 QUADRILLION coins in circulation. Having that many coins helps SHIB maintain it's low price and allows users to buy massive amounts of coins for a relatively small investment. While this doesn't really mean much in the grand scheme of things since market cap is what really matters, people are easily swayed by large numbers. > > Looking past the technicals, SHIB is a force to be reckoned with on the community front. Following Dogecoins footsteps, SHIB may have figured out the secret to quick growth and utilization: hype. It doesn't matter how good your product is if no one has heard of you. SHIB has gained a rabid following through the ShibArmy and taking just one look at their subreddit will show you that they have all drank the kool-aid. If they can keep this hype going, SHIB is a meme coin that will stick around for quite some time. > > Others will argue that these meme coins are a negative on the crypto space and only further the idea that this is all fake money, but it is actually the opposite. Hype leads to growing interest which leads to more users in the crypto world. Dogecoin paved the way for meme coins as an entry point for the average person, and Shiba Inu is just the next evolution of that idea. As more users flow into this space and add their fiat into the exchanges, the crypto world as a whole will continue to grow and head towards our ultimate goal of replacing the current financial system. ***** Would you like to learn more? [Click here](/r/CryptoCurrency/comments/ovmtu8/rcc_cointest_coin_inquiries_shiba_inu\/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Shiba_Inu) to find arguments on this topic in other rounds.

r/CryptoCurrencySee Comment

#Shiba Inu Pro-Arguments Below is an argument written by warmbookworm which won 2nd place in the Shiba Inu Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > There are several pros to Shiba Inu, as we as several common misconceptions about what value is and what makes something valuable that people who write off memecoins like Shib are usually prone to making. > > First of all, the pros: Shiba Inu is the third most searched for cryptocurrency in 2021. It has grown to become one of the top ten cryptocurrencies by marketcap, even surpassing Dogecoin, the first and by far the biggest memecoin since alt coins existed. This is huge because as we've seen with bitcoin, the first mover advantage is huge; no other coin has come close to surpassing bitcoin yet, despite tens of thousands of coins coming to existence in recent years. > > Shiba Inu clearly has one of the largest network effects in the entire industry, which is arguably the most important metric for any crypto. > > You can easily buy Shib on platforms like Webull, so people who are not into crypto can still get in and buy shib, making it far more accessible than all but the largest and most well-known cryptocurrencies. > > Finally, Shib has great branding. The idea of the "Shib Army" and "Shib to 1 cent" (or even a dollar) is incredibly good marketing, because it gives the community a common identity, as well as a goal to work towards. If we take any other crypto, people might like the coin and want it to go up, but there is no singular goal that everyone can point to and talk about. Thus, people are much less likely to contribute towards the development and branding of the coin. > > Secondly, the "shib-lingo", with LEASH and BONE as well as other parts of the shiba inu ecosystem allows for a much more intuitive understanding of crypto for those who find it too challenging to understand and can't be bothered to learn about all of the ins and outs of crypto itself. It is a great gateway for complete beginners to start understanding all of the different crypto terminology in words and concepts they already understand. > > ---------------------------- > > Now in terms of misconceptions regarding value, most people think that you need to have a "use-case" for value. But what is a use-case? Really, a use-case is just a "feature". i.e they think that every coin has to have some special feature or property that other coins don't have in order for it to be valuable. > > This makes sense intuitively, but isn't how things actually work. Just because something has a unique feature doesn't mean that that feature is useful. For example, if you were to take YouTube's source code today and slightly improve the UI, you would have a "superior YouTube", but no one would use it. > > Network effects far outweigh any features in terms of importance. Furthermore, the idea that features have to come *before* value is intuitive, but actually, as we've seen, because of the Shib network being adopted, there are DApps being developed on it, like wallets and exchanges to begin with, and eventually, there will probably be a lot more products and services being built on top of Shib in the future, as long as it continues to hold value. > > Because it isn't just feature that create value. Rather, developers chase after the money. Where there is money, where there are incentives, that's where people will build, and that in itself will grow the ecosystem. > > disclosure: I do not hold any SHIB and never will. ***** Would you like to learn more? [Click here](/r/CryptoCurrency/comments/ovmtu8/rcc_cointest_coin_inquiries_shiba_inu\/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Shiba_Inu) to find arguments on this topic in other rounds.

r/CryptoCurrencySee Comment

#Shiba Inu Pro-Arguments Below is an argument written by cbelaski which won 3rd place in the Shiba Inu Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > Shiba Inu (SHIB) is an ERC-20 token modeled after the king of meme coins Dogecoin. This token has evolved beyond meme status, focusing on decentralization with their own DEX ShibaSwap. > > ShibaSwap utilizes the 3 tokens in the ecosystem (SHIB, LEASH, and BONE) to facilitate transactions and provide rewards. ShibaSwap has gone all in on the theme, renaming staple terms to more dog centric names: stake is now bury and provide liquidity is now dig. This helps to immerse users into the ecosystem and provides a unique aspect to those involved. > > Shiba Inu also has an incubator dedicated to "cultivating an enviromnet which encourages creativity and growth." This incubator helps those in the community with their NFT aspirations and is a large part of their decentralization movement. > > SHIB also has a psychological advantage not many coins can replicate. This comes from the fact that their are 1 QUADRILLION coins in circulation. Having that many coins helps SHIB maintain it's low price and allows users to buy massive amounts of coins for a relatively small investment. While this doesn't really mean much in the grand scheme of things since market cap is what really matters, people are easily swayed by large numbers. > > Looking past the technicals, SHIB is a force to be reckoned with on the community front. Following Dogecoins footsteps, SHIB may have figured out the secret to quick growth and utilization: hype. It doesn't matter how good your product is if no one has heard of you. SHIB has gained a rabid following through the ShibArmy and taking just one look at their subreddit will show you that they have all drank the kool-aid. If they can keep this hype going, SHIB is a meme coin that will stick around for quite some time. > > Others will argue that these meme coins are a negative on the crypto space and only further the idea that this is all fake money, but it is actually the opposite. Hype leads to growing interest which leads to more users in the crypto world. Dogecoin paved the way for meme coins as an entry point for the average person, and Shiba Inu is just the next evolution of that idea. As more users flow into this space and add their fiat into the exchanges, the crypto world as a whole will continue to grow and head towards our ultimate goal of replacing the current financial system. ***** Would you like to learn more? [Click here](/r/CryptoCurrency/comments/ovmtu8/rcc_cointest_coin_inquiries_shiba_inu\/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Shiba_Inu) to find arguments on this topic in other rounds.

r/CryptoCurrencySee Comment

#Shiba Inu Pro-Arguments Below is an argument written by cbelaski which won 3rd place in the Shiba Inu Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > Shiba Inu (SHIB) is an ERC-20 token modeled after the king of meme coins Dogecoin. This token has evolved beyond meme status, focusing on decentralization with their own DEX ShibaSwap. > > ShibaSwap utilizes the 3 tokens in the ecosystem (SHIB, LEASH, and BONE) to facilitate transactions and provide rewards. ShibaSwap has gone all in on the theme, renaming staple terms to more dog centric names: stake is now bury and provide liquidity is now dig. This helps to immerse users into the ecosystem and provides a unique aspect to those involved. > > Shiba Inu also has an incubator dedicated to "cultivating an enviromnet which encourages creativity and growth." This incubator helps those in the community with their NFT aspirations and is a large part of their decentralization movement. > > SHIB also has a psychological advantage not many coins can replicate. This comes from the fact that their are 1 QUADRILLION coins in circulation. Having that many coins helps SHIB maintain it's low price and allows users to buy massive amounts of coins for a relatively small investment. While this doesn't really mean much in the grand scheme of things since market cap is what really matters, people are easily swayed by large numbers. > > Looking past the technicals, SHIB is a force to be reckoned with on the community front. Following Dogecoins footsteps, SHIB may have figured out the secret to quick growth and utilization: hype. It doesn't matter how good your product is if no one has heard of you. SHIB has gained a rabid following through the ShibArmy and taking just one look at their subreddit will show you that they have all drank the kool-aid. If they can keep this hype going, SHIB is a meme coin that will stick around for quite some time. > > Others will argue that these meme coins are a negative on the crypto space and only further the idea that this is all fake money, but it is actually the opposite. Hype leads to growing interest which leads to more users in the crypto world. Dogecoin paved the way for meme coins as an entry point for the average person, and Shiba Inu is just the next evolution of that idea. As more users flow into this space and add their fiat into the exchanges, the crypto world as a whole will continue to grow and head towards our ultimate goal of replacing the current financial system. ***** Would you like to learn more? [Click here](/r/CryptoCurrency/comments/ovmtu8/rcc_cointest_coin_inquiries_shiba_inu\/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Shiba_Inu) to find arguments on this topic in other rounds. You're invited to participate in this contest. Contestants are awarded moon prizes if they win. The moon prize allocations are 300 moons for 1st place, 150 moons for 2nd place, and 75 moons for 3rd place. Winners are also assigned special trophy flair which will be visible in r/CryptoCurrency and r/CointestOfficial.

r/CryptoCurrencySee Comment

#Shiba Inu Pro-Arguments Below is an argument written by warmbookworm which won 2nd place in the Shiba Inu Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > There are several pros to Shiba Inu, as we as several common misconceptions about what value is and what makes something valuable that people who write off memecoins like Shib are usually prone to making. > > First of all, the pros: Shiba Inu is the third most searched for cryptocurrency in 2021. It has grown to become one of the top ten cryptocurrencies by marketcap, even surpassing Dogecoin, the first and by far the biggest memecoin since alt coins existed. This is huge because as we've seen with bitcoin, the first mover advantage is huge; no other coin has come close to surpassing bitcoin yet, despite tens of thousands of coins coming to existence in recent years. > > Shiba Inu clearly has one of the largest network effects in the entire industry, which is arguably the most important metric for any crypto. > > You can easily buy Shib on platforms like Webull, so people who are not into crypto can still get in and buy shib, making it far more accessible than all but the largest and most well-known cryptocurrencies. > > Finally, Shib has great branding. The idea of the "Shib Army" and "Shib to 1 cent" (or even a dollar) is incredibly good marketing, because it gives the community a common identity, as well as a goal to work towards. If we take any other crypto, people might like the coin and want it to go up, but there is no singular goal that everyone can point to and talk about. Thus, people are much less likely to contribute towards the development and branding of the coin. > > Secondly, the "shib-lingo", with LEASH and BONE as well as other parts of the shiba inu ecosystem allows for a much more intuitive understanding of crypto for those who find it too challenging to understand and can't be bothered to learn about all of the ins and outs of crypto itself. It is a great gateway for complete beginners to start understanding all of the different crypto terminology in words and concepts they already understand. > > ---------------------------- > > Now in terms of misconceptions regarding value, most people think that you need to have a "use-case" for value. But what is a use-case? Really, a use-case is just a "feature". i.e they think that every coin has to have some special feature or property that other coins don't have in order for it to be valuable. > > This makes sense intuitively, but isn't how things actually work. Just because something has a unique feature doesn't mean that that feature is useful. For example, if you were to take YouTube's source code today and slightly improve the UI, you would have a "superior YouTube", but no one would use it. > > Network effects far outweigh any features in terms of importance. Furthermore, the idea that features have to come *before* value is intuitive, but actually, as we've seen, because of the Shib network being adopted, there are DApps being developed on it, like wallets and exchanges to begin with, and eventually, there will probably be a lot more products and services being built on top of Shib in the future, as long as it continues to hold value. > > Because it isn't just feature that create value. Rather, developers chase after the money. Where there is money, where there are incentives, that's where people will build, and that in itself will grow the ecosystem. > > disclosure: I do not hold any SHIB and never will. ***** Would you like to learn more? [Click here](/r/CryptoCurrency/comments/ovmtu8/rcc_cointest_coin_inquiries_shiba_inu\/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Shiba_Inu) to find arguments on this topic in other rounds. You're invited to participate in this contest. Contestants are awarded moon prizes if they win. The moon prize allocations are 300 moons for 1st place, 150 moons for 2nd place, and 75 moons for 3rd place. Winners are also assigned special trophy flair which will be visible in r/CryptoCurrency and r/CointestOfficial.

r/CryptoCurrencySee Comment

#Shiba Inu Pro-Arguments Below is an argument written by cbelaski which won 3rd place in the Shiba Inu Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > Shiba Inu (SHIB) is an ERC-20 token modeled after the king of meme coins Dogecoin. This token has evolved beyond meme status, focusing on decentralization with their own DEX ShibaSwap. > > ShibaSwap utilizes the 3 tokens in the ecosystem (SHIB, LEASH, and BONE) to facilitate transactions and provide rewards. ShibaSwap has gone all in on the theme, renaming staple terms to more dog centric names: stake is now bury and provide liquidity is now dig. This helps to immerse users into the ecosystem and provides a unique aspect to those involved. > > Shiba Inu also has an incubator dedicated to "cultivating an enviromnet which encourages creativity and growth." This incubator helps those in the community with their NFT aspirations and is a large part of their decentralization movement. > > SHIB also has a psychological advantage not many coins can replicate. This comes from the fact that their are 1 QUADRILLION coins in circulation. Having that many coins helps SHIB maintain it's low price and allows users to buy massive amounts of coins for a relatively small investment. While this doesn't really mean much in the grand scheme of things since market cap is what really matters, people are easily swayed by large numbers. > > Looking past the technicals, SHIB is a force to be reckoned with on the community front. Following Dogecoins footsteps, SHIB may have figured out the secret to quick growth and utilization: hype. It doesn't matter how good your product is if no one has heard of you. SHIB has gained a rabid following through the ShibArmy and taking just one look at their subreddit will show you that they have all drank the kool-aid. If they can keep this hype going, SHIB is a meme coin that will stick around for quite some time. > > Others will argue that these meme coins are a negative on the crypto space and only further the idea that this is all fake money, but it is actually the opposite. Hype leads to growing interest which leads to more users in the crypto world. Dogecoin paved the way for meme coins as an entry point for the average person, and Shiba Inu is just the next evolution of that idea. As more users flow into this space and add their fiat into the exchanges, the crypto world as a whole will continue to grow and head towards our ultimate goal of replacing the current financial system. ***** Would you like to learn more? [Click here](/r/CryptoCurrency/comments/ovmtu8/rcc_cointest_coin_inquiries_shiba_inu\/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Shiba_Inu) to find arguments on this topic in other rounds. You're invited to participate in this contest. Contestants are awarded moon prizes if they win. The moon prize allocations are 300 moons for 1st place, 150 moons for 2nd place, and 75 moons for 3rd place. Winners are also assigned special trophy flair which will be visible in r/CryptoCurrency and r/CointestOfficial.

r/CryptoCurrencySee Comment

I was confused because you said milking money. I didn't think you knew how staking actually worked. And just for shits and gigs. You can do several things. You can (DIG) which provides liquidity, (BURY) which is the simple staking, and (SWAP) which is what every exchange/swap does... swap. Staking provides a flat APY% Digging rewards in BONE tokens. You can also create pairs and earn on returns in trades. You can then vote through DAO and earn bone. This is a simplified explanation and I hope it helps. This is just the ecosystem and doesn't touch their NFTs (which people hate and I agree patially) but theirs are being developed into a game from an ex (activision*) I think dev.