Since cryptos (shitcoins) don't produce anything, the only way the price can go up is if greater fools buy in. To get great fools to buy in, a project needs to spend on marketing their shitcoin.

Note that the author of the article is using "shitcoin" in place of the name of the actual crypto currency in order to not contribute to the attempted pump of the coin by the stunt.

So, sadly, there isn't a shitcoin. Or perhaps there is?

Are we really mad at scams here or is this an opportunity for a bit of projection?

So not a golden calf then?

Inflation has reduced the golden calf to an aluminum goat.

The principle still applies though.

More informative article with better pics:

https://www.dailymail.co.uk/news/article-11408375/Elon-Musk-...

It's Elon's head on the body of a goat riding a rocket.

Regardless of your opinion on cryptocurrencies or Elon Musk, surely this article is not of high enough quality to deserve to be on HN?

Cue someone linking to the guidelines which says that HN is for interesting things, and so someone found this interesting. No kidding...

I agree with you, of course.

I disagree with the aesthetic choices by the people supporting this shitcoin project. I also disagree with the people choosing LV, Hermes, et al and would never buy their products either. It’s hard to see why this site which is supposed to take the stance that web3 doesn’t have a legitimate use case is posting this. Obviously some people find value in making an extraordinarily ugly statue, or they wouldn’t purchase the token.

I hope the sculptors got paid in FIAT.

It was already the dumping phase:

https://coinmarketcap.com/currencies/elon-goat/

> a six-ton statue that's supposed to be Elon Musk's head on a rocket ship, but looks rather like a giant Elon Musk caterpillar.

To me it looks like the God Emperor of Dune :) an Elon/Leto worm that is ready to go to space.