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<blockquote data-quote="Over70irregs" data-source="post: 5536590" data-attributes="member: 59424"><p>"BITE and most other coins being discussed on this forum are shzztcoins," Buterin <a href="https://www.reddit.com/r/Testingtesting62831/comments/11mn7hh/bite_and_most_other_coins_being_discussed_on_this/" target="_blank">wrote on Reddit</a>. "[They] have no redeeming cultural or moral value, and will probably lose you most of the money you put into them. I anti-endorse these projects to the greatest extent."</p><p>In 2021, Buterin prompted a swing in the price of shiba inu (<a href="https://www.coindesk.com/price/shiba-inu/" target="_blank">SHIB</a>) tokens when he burned his holdings worth ($6 billion) after he was effectively <em><u>given half of the token's supply.</u></em> He said at the time that he <a href="https://www.coindesk.com/markets/2021/05/17/vitalik-buterin-burns-6b-in-shib-tokens-says-he-doesnt-want-the-power/" target="_blank">didn't want the power</a> of holding such a significant proportion of the tokens.</p></blockquote><p></p>
[QUOTE="Over70irregs, post: 5536590, member: 59424"] "BITE and most other coins being discussed on this forum are shzztcoins," Buterin [URL='https://www.reddit.com/r/Testingtesting62831/comments/11mn7hh/bite_and_most_other_coins_being_discussed_on_this/']wrote on Reddit[/URL]. "[They] have no redeeming cultural or moral value, and will probably lose you most of the money you put into them. I anti-endorse these projects to the greatest extent." In 2021, Buterin prompted a swing in the price of shiba inu ([URL='https://www.coindesk.com/price/shiba-inu/']SHIB[/URL]) tokens when he burned his holdings worth ($6 billion) after he was effectively [I][U]given half of the token's supply.[/U][/I] He said at the time that he [URL='https://www.coindesk.com/markets/2021/05/17/vitalik-buterin-burns-6b-in-shib-tokens-says-he-doesnt-want-the-power/']didn't want the power[/URL] of holding such a significant proportion of the tokens. [/QUOTE]
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