I FYRSTIKKEN WHO COINED THE WORD"SHITCOIN" DEFINE IT AS THESE FOLLOWING 4 DEFINITIONS:
1) A BRAND NEW BLOCKCHAIN PROJECT WITH A VERY HIGH RISK OF FAILURE. 2) A BLOCKCHAIN THAT HAS BEEN ABANDONED BY IT´S DEVELOPERS AND/OR COMMUNITY BUT IS STILL TRADING ON EXCHANGES 3) A BLOCKCHAIN THAT HAS LOST STRUCTURAL INTEGRITY DUE TO LACK OF MINTING/MINING & HAS BEEN MOST LIKELY COMPROMISED BY A 51% ATTACK OR SIMILAR SITUATIONS IN DIFFERENT TYPE OF BLOCKCHAIN 4) A PURE SCAM AND/OR A PONZI (SEARCH: ADSACTLY, BITCONNECT, PAYCOIN, ONECOIN, ORGCOIN AS EXAMPLES) SIMILAR TO THE BERNIE MADOFF & ENRON CASES
https://www.youtube.com/watch?v=IezFXU0hJP4
https://vimeo.com/349220038