I think technically speaking it should be considered a shitcoin because it's held by a federation.  But not necessarily raging diarrhea as it is verifiably 1 to 1.  But that's just my take.  It is cheap to move around. 

 Sounds fair. I was gonna say if it’s a separate token that’s not good, but if it is verifiably linked to The Chain™️ then that’s better

Similarly don’t ask me about those mf nuts pls 

 Eh, not quite. It’s better then holding on exchange but not as good as holding your own private keys. Somewhere in the middle but not a “shitcoin” 

 I can live with that 🔥 

 It’s a federated multisig of I believe of 15 members who need 11 out of 15 keys to sign any transaction. You can move money within the federation for near free fees and peg in/out depending on when you want to go back on chain