On the Value of Shitposting

The article argues that humor and shitposting are essential to crypto's culture and survival, not a distraction from it. The author, who fields crypto questions from friends and family, says many of the best investors, educators and personalities in the space are shitposters with a sense of humor. The author attributes part of this to selection bias, since early participants who won big had to accept the absurdity of the market, and part to coping with the sector's frequent losses. The author's central claim is that in a marketplace without central authority, humor serves as a trust mechanism that helps the community sort insiders from newcomers and outsiders, and that the author advises newcomers to drop expectations of seriousness.