[GUEST ACCESS MODE: Data is scrambled or limited to provide examples. Make requests using your API key to unlock full data. Check https://lunarcrush.ai/auth for authentication information.]  Kaspa Commons [@Kaspa_Commons](/creator/twitter/Kaspa_Commons) on x 3343 followers Created: 2025-07-15 04:08:51 UTC Ok, let’s settle this. Technical Characteristics of a “Shitcoin” Unique Use Case or Utility: It does not solve a real problem or offer anything new beyond what established projects already provide. 2.Poor Tokenomics: • Unfair or opaque distribution (e.g. massive premine or hidden developer wallets). • High inflation or unsustainable rewards. • No clear value-capture mechanism or real demand. 3.Lack of Development Activity: • Stagnant GitHub repos. • No roadmap or consistent versioning. • Copy-pasted or forked code with no innovation. 4.Centralized Control: • Admin keys or the ability to halt or reverse transactions. • One or a few developers control everything. Hype Over Substance: • Heavy reliance on influencers, memes, or FOMO tactics. • No whitepaper or vague/AI-generated documentation. • Unrealistic promises or buzzword stuffing (e.g. “AI + DeFi + Metaverse on-chain gaming layer”). Real Community or Ecosystem: • No real-world adoption or developer interest. • Liquidity concentrated in one or two sketchy exchanges. 7.Pump-and-Dump Characteristics: • Initial hype followed by rug pulls. • Devs vanish post-launch or only update during pumps. 🚫Shitcoin Trait Vs ✅Kaspa’s Standing 🚫 No utility ✅ Kaspa offers real technical innovation: a high-throughput, fully decentralized, proof of work, blockDAG-based L1. 🚫 Poor tokenomics ✅ Kaspa has fair launch, no premine, no ICO, and transparent emissions. 🚫 No dev activity ✅ Extremely active GitHub; frequent upgrades (Rust rewrite, DAGKnight, pruning, Crescendo, ecosystem development of smart contracts). 🚫 Centralized control ✅ Fully decentralized with no central admin keys or backdoors. 🚫 All hype, no substance ✅ Technically respected across cryptography and L1 researchers; widely cited for its ghostDAG consensus. 🚫 No adoption ✅ Growing ecosystem: wallets, miners, merchants, apps and growing real world use cases. 🚫 Scam-like behavior ✅ Long-term transparent development by named developers like @michaelsuttonil and many others and founder like Yonatan Sompolinsky (also cited in ETH whitepaper and 1000s of others). Any questions? DYOR, @saifedean Link to GitHub in thread.  XXXXX engagements  **Related Topics** [inflation](/topic/inflation) [coins wallets](/topic/coins-wallets) [shitcoin](/topic/shitcoin) [kaspa](/topic/kaspa) [coins layer 1](/topic/coins-layer-1) [coins pow](/topic/coins-pow) [coins made in usa](/topic/coins-made-in-usa) [Post Link](https://x.com/Kaspa_Commons/status/1944972402007450068)
[GUEST ACCESS MODE: Data is scrambled or limited to provide examples. Make requests using your API key to unlock full data. Check https://lunarcrush.ai/auth for authentication information.]
Kaspa Commons @Kaspa_Commons on x 3343 followers
Created: 2025-07-15 04:08:51 UTC
Ok, let’s settle this.
Technical Characteristics of a “Shitcoin”
Unique Use Case or Utility: It does not solve a real problem or offer anything new beyond what established projects already provide.
2.Poor Tokenomics: • Unfair or opaque distribution (e.g. massive premine or hidden developer wallets). • High inflation or unsustainable rewards. • No clear value-capture mechanism or real demand.
3.Lack of Development Activity: • Stagnant GitHub repos. • No roadmap or consistent versioning. • Copy-pasted or forked code with no innovation.
4.Centralized Control: • Admin keys or the ability to halt or reverse transactions. • One or a few developers control everything.
Hype Over Substance: • Heavy reliance on influencers, memes, or FOMO tactics. • No whitepaper or vague/AI-generated documentation. • Unrealistic promises or buzzword stuffing (e.g. “AI + DeFi + Metaverse on-chain gaming layer”).
Real Community or Ecosystem: • No real-world adoption or developer interest. • Liquidity concentrated in one or two sketchy exchanges.
7.Pump-and-Dump Characteristics: • Initial hype followed by rug pulls. • Devs vanish post-launch or only update during pumps.
🚫Shitcoin Trait Vs ✅Kaspa’s Standing
🚫 No utility ✅ Kaspa offers real technical innovation: a high-throughput, fully decentralized, proof of work, blockDAG-based L1.
🚫 Poor tokenomics ✅ Kaspa has fair launch, no premine, no ICO, and transparent emissions.
🚫 No dev activity ✅ Extremely active GitHub; frequent upgrades (Rust rewrite, DAGKnight, pruning, Crescendo, ecosystem development of smart contracts).
🚫 Centralized control ✅ Fully decentralized with no central admin keys or backdoors.
🚫 All hype, no substance ✅ Technically respected across cryptography and L1 researchers; widely cited for its ghostDAG consensus.
🚫 No adoption ✅ Growing ecosystem: wallets, miners, merchants, apps and growing real world use cases.
🚫 Scam-like behavior ✅ Long-term transparent development by named developers like @michaelsuttonil and many others and founder like Yonatan Sompolinsky (also cited in ETH whitepaper and 1000s of others).
Any questions?
DYOR, @saifedean
Link to GitHub in thread.
XXXXX engagements
Related Topics inflation coins wallets shitcoin kaspa coins layer 1 coins pow coins made in usa