shitcoin en · NOUN
Etymology
Etymology tree Proto-Germanic *skitiz Proto-West Germanic *skiti Proto-West Germanic *-jā Proto-West Germanic *skittjā Old English sċitte Old English *sċite Middle English schite English shit Proto-Indo-European *dwóh₁ ▲ Proto-Indo-European *trísinflu. Proto-Indo-European *dwís Proto-Italic *dwis Proto-Indo-European *-nós Proto-Italic *-nos Proto-Italic *dwiznos Latin bīnus Proto-Indo-European *-yósder. Proto-Italic *-āzios Latin -ārius Late Latin bīnāriuslbor. Middle English binarie English binary Proto-Indo-European *deyḱ-der.? Latin digitusbor. Middle English digit English digit English binary digitabbr. ▲ English bitinflu. English bit Latin cuneusder. Old French coinbor. Middle English coyn English coin English bitcoin blend English shitcoin Blend of shit + bitcoin.
Meanings
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(derogatory, slang, vulgar) A cryptocurrency of little or unclear value.
But, against what many people shout about on Reddit, not every altcoin is a "shitcoin."
2017 December 12, Matthew Hrones, “Three Altcoins Crypto Investors Should Keep an Eye On”, in Bitcoinist:There's bitcoin, and then there's shitcoin.
2019 July 18, Ben Brown, quoting Rep. Warren Davidson (R-OH), “'There's Bitcoin and Then There's Shitcoin (Libra)'. Congress Finally Gets It”, in Yahoo! Finance:Crypto derivatives platform FTX has perhaps the most speculative and oddly-named futures index fund on the market: SHIT-PERP, or the Shitcoin Index Perpetual Futures.
2019 August 1, William Foxley, “Crypto Exchange Launches 'Shitcoin Futures Index,' Offering New Way to Short Alts”, in CoinDesk, archived from the original on 04 Aug 2019:
Forms
| Spelling | Features | Labels | Source |
|---|---|---|---|
| shitcoins | Number=Plur | lexicographic | |
| shit coin | alternative | lexicographic |