I love Moons as much as anyone else here, but they're a shitcoin. I think it is easy to lose sight of this in the excitement surrounding them and any subsequent price action.
Reasons Moons are a Shitcoin
- Fully centralized
- Controlled by Reddit Corporate (which we don't like?)
- Have no real-world use
- Shilled by an echo-chamber
- Are clung to irrationally by users.
They may have potential to grow, but like with any shitcoin, I will believe it when I see it. In the meantime, I am enjoying them for what they are; a social experiment. If they end up having any further value, I won't complain.
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