I love the term "shit coin". As if there is something tangible to all of this. I'm not a crypto expert... but you know what the biggest "shit coin" I've ever owned and used? Freaking can be looong delays to confirm, scammers and unsavory people surrounding it, hackers, wild fluctuations in price... it's something called Bitcoin. I guess that and it's 35 billion market cap make it the #1 "shit coin".
People need to step out of their world view every now and then. Imo... 99% of new money coming into crypto aren't coders, computer experts, people spending time reading white papers.... nor even looking for it to be a currency they can walk to the local drug store and use. They're looking at it as an investment, and store of value (short or long term), and that it's reliable (but necessarily lightning fast). You can't touch, feel, smell blockchain technology and I just think most people are seeing the foundation of most of these coins as similar.
Just my opinion, but I also think the AE tends to get overrated by some on here. I like it, it's important, and it will certainly play a part but if BURST gets huge it will not be the lead driving supply and demand.
On a slightly different topic. Can someone tell me how the AE on NXT has held up through significant growth? Does NEM have an AE?