"In 2010, Laszlo Hanyecz paid 10,000 BTC for two large pizzas. Today, that would be worth over $290,000,000".
On one hand, we could call Laszlo a loser for spending 10,000 BTC on two unhealthy and non-nutritious pizzas. On the other hand, this was the first recorded instance of Bitcoin being used as a currency.
Laszlo made a point, proving that Bitcoin could handle the burden of being a currency. He was one of the first individuals to use crypto for a mundane purchase, ditching the legacy dirty fiat, and paving the way for what's to come.
Bitcoin is the first cryptocurrency to have been created and has managed to maintain its position as the top cryptocurrency by market cap and trading volume. Ethereum enthusiasts may be waiting for a flip, but it is unlikely to happen, in my opinion.
If you go to Coingecko and search for the "hot" coins, the first one that appears is PepeCoin.
"This new cryptocurrency is inspired by the popular internet meme of Pepe the Frog. Launched in early 2023, PepeCoin quickly gained a following among meme enthusiasts and cryptocurrency investors alike."
according to Google
Although I found out about PepeCoin soon after it was launched, I refused to invest in it because it is pure garbage, in my opinion. It does nothing for the crypto industry. At least DOGE has some utility, such as having its own blockchain, low fees, and insane transaction speeds. However, PEPE is pure garbage. It's worse than NFTs.
We need to ask ourselves, how long are we going to continue to invest in such crap? If we keep pumping and chasing these imbecilic shitcoins, we won't see much adoption for crypto. Making money in crypto is not a bad thing. I am someone who literally lives off this thing and has to make as much as possible, but on the other hand...
I want to live in a world where blockchain technology is integrated into our mundane activities and crypto disrupts the legacy financial system. In this regard, the Russians are making more progress than we are. While some people chase PEPE pumps and other similar shitcoin ponzis, Russia is talking about using crypto to circumvent US-imposed sanctions. Finally, someone has grasped what Bitcoin is for.
Bitcoin is the "fuck you money," while Pepe coins and bored ape NFTs are the fingering we get for beating the old drum on tunes that are irrelevant. PepeCoin has no purpose, no utility, no real-world value, same as plenty of shitty NFTs.
Bitcoin, Ethereum, Hive, and several others do have value and the potential for making great changes in the world. However, Pepe is trending on Coingecko because this shitcoin accurately reflects the immaturity of the crypto world.
Changing dollars for shitcoins and back into dollars is not what Satoshi Nakamoto had in mind when he envisioned blockchain technology.
Thanks for your attention,
Adrian
