Why would we (royal we, perhaps?) want to be putting positive spins on various shitcoins especially in these here parts? Seems like a mostly irrelevant area (surely slippery-slope prone) to be getting into.
I'm not putting any spins on anything, just stating what would have happened based on the facts. I also did not invest or put in any into ETH back then. I don't do so now, even if I am aware there will be positive price moves. So I'm not putting any more money into any shitcoins. I understand completely that you are a BTC maxi of pure blood with zero altcoin diversification, and that's not an issue with me.
Your "keeping an open" mind likely contributed to your getting royally fucked in the path, and so you seem to be unwilling or unable to learn any lessons, and for some reason you believe that investing in some piece of shit like Ethereum has any kind of meaningful long term viability - even though it is just smoke and mirror bullshit that has other smoke and mirror (including a large number of scams) building on top of it.
Nah, I got into trouble due to other mistakes I made unrelated to BTC or other shitcoins. I've only put in there what I consider to be disposable for the asymmetrical bet, and ended up joining a few swaps from coins to tokens and such.
As for long term viability, I do not have a strong opinion other than that large institutions are getting into them, and they surely know more than us, unless you perceive yourself to be more knowledgeable than them billionaires and hedge fund peeps.
I am also aware that, for example, Saylor and Saifedeen and pure BTC maxi's, and don't bother at all with anything else, and everything else is a shitcoin. So there's that (or them.)
Well at least you recognize that there is some risk there, but surely, you are able to identify the few supposed gems, right?
I already did, but I am never here to shill any other altcoin or fork. I'm keeping those to myself, not because I am greedy or I think I know it, but it's something I got into a few years ago and they are giving me decent returns, which in turn I'm either cashing out constantly to fiat, or to BTC.
Oh gawd...
Now we are going to devolve into details of what makes a good shitcoin not to be shit?
No need if you don't want to. Can be none of your concern right? Let the shitcoiners be shitcoiners. Not an attitude I would do personally, but to each his own.
Sure, a lot of shitcoiner get into troubles when they are starting to attempt to compare their shitty project to bitcoin.. and to say bitcoin "historically" did this, this and this, and therefore it is logical that shitcoin x, y or z, could do blah blah blah..
yeah right...
Surely, misplaced attempts at analogies.
Nah, it's just the way software development goes for those who look at the tech without the supposed value of them. There were plenty of distributed computing projects that used computing power with no monetary compensation, yet people joined and contributed, you know, prime numbers, seti@home, folding proteins, all that stuff.
That a particular coin or token decides to use a blockchain or fork off from bitcoin or fork off from a fork of something, and do something with it, without assigning any value to them (aka, no doing an ICO, not actively trying to get listed on centralized exchanges, letting it grow on it's own ..) well, it's the type of thing where you can just wait and see, and if you have any disposable money to gamble with, as opposed to playing dice or poker, throw it in there.
The tech behind bitcoin which was hashcash used pow to attempt to limit email spam. That did not really work because of the lack of adoption. But the tech is still the tech, and it's what is powering the proof of work behind bitcoin now.
So then the question might concern how any of us might be using such assessments. Are we trying to figure out our bitcoin allocation versus other assets or are we trying to use that to figure out whether to get into shitcoins and if so, to make assessments regarding how much?
That is entirely up to you. Again, I completely understand you, and a plenty of others would not waste any time looking at allocations. I would not either.
What I do have are some options that have been there since a few years ago.
If you can think of what I am doing or did as analogous to mining shitcoins to get more BTC, then that might make sense to you. Some miners here mine altcoins, to end up acquiring more BTC.
I have what I have and it's currently paying my rent (or part of it.) with no more being put into it than what I threw into it a few years ago. I think that's decent.
Is it a shitcoin? Most likely, probably, by the definition that it is not bitcoin, then yes.
Otherwise, almost everyone I deal with knows me as a sorta BTC maxi as well. I tell everyone else to just do bitcoin too, no alts. They can research all they want, but I can't endorse them, even if I am making decent coin with them right now.