bitcoinlimit on Nostr: i just don’t see a bull case for the shitcoin market anymore. my main reason is ...

i just don’t see a bull case for the shitcoin market anymore. my main reason is that there are barely any sane devs left in crypto. during the ftx, blockfi, luna era there was an insane amount of talent flowing into crypto projects. whether it was sustainable or not, money kept pouring in, devs were motivated and things were getting built. today most of that talent is gone. outside of a few large tokens like eth, sol, zec where insiders have massive stakes, i don’t see many legitimate devs working on crypto anymore. and those who work for these larger scams only stay there because they’re more focused on eventually dumping their tokens on retail rather than building products they believe. even if bitcoin enters another major bull market, i’m not convinced these scam coins will automatically follow along like suckerfish attached to bitcoin.