How is that different from how Shiba Inu token works? Genuinely curious

Monero is an actual coin with a blockchain, mineable by normal people, low fees, good transaction speed and always on privacy features that actually work. Shib is just a meme token created to compete with dogecoin.

Monero has some super advanced tech involved. Here is an okay review https://www.youtube.com/watch?v=O58STfvxZnY

Fair enough :)

Shiba Inu is just a token on the Etherum chain.

There is no privacy and they've done some weird stuff to play the numbers.

E.g. they sent half of all SHIB to the creator of Etherum, why? Because that doubles the "circulating supply" and therefore market cap while not increasing the available supply at all.

This is a scheme to artificially increase the market cap, which mostly worked because VB burned 95% of all the SHIB he got & it got a lot of press.

Hm. That makes sense, I guess the lack of privacy of the Ethereum chain could be considered as a feature in terms of transparency. Good point about the market cap, do you think Shiba Inu wouldn’t have gotten as popular having VB not giving up control of the token?

Let me be clear, Shiba Inu is a shitcoin, if someone gave me any I'd sell it in a second.

It got popular before VB burned it.

Monero also has active, on-going development. Shiba Inu, Dogecoin, and all the other meme coins that have sprung up as a result of the smell of free money in the air were created in the space of a couple of hours using Ctrl-C Ctrl-V of existing open source code, then released to the world with no care to actual function or any further effort other than pulling the rug when enough suckers have bought in.

Can you give some sources for the development progress of Monero vs the meme coins you mentioned ? AFAIK at least Shiba Inu ecosystem is under development, namely their own exchange and staking system.

Monero, which has been around since 2014, has a nice roadmap page here: https://www.getmonero.org/resources/roadmap/

and a community workgroups page here: https://www.getmonero.org/community/workgroups/

and here's a Twitter-article (ugh) from a maintainer of Monero regarding an attempted attack on Monero's privacy which refers to a number of privacy enhancements to Monero that have been implemented over the last three years: https://threadreaderapp.com/thread/1326130648491417602.html

Whether you take this as proof of legitimacy or otherwise, the IRS has a bounty of $625,000 for anyone who can crack the privacy aspect of Monero: https://securityboulevard.com/2020/09/can-you-crack-monero-i...

Skip to the conclusion of this review of Shiba Inu coin: https://www.coinbureau.com/review/shiba-inu/