Sure profits will be maximized. "Shitcoinery" is shorthand. One big problem, as I see it, is that the big miners can easily corner the market and suck up all the liquidity on one of these coins. Degen defi dimwits will get crushed in what will be easy miner rugpull schemes. You can say so what? That's the free market, but that will just further centralize mining power with the big players.
Sure profits will be maximized. "Shitcoinery" is shorthand. One big problem, as I see it, is that the big miners can easily corner the market and suck up all the liquidity on one of these coins. Degen defi dimwits will get crushed in what will be easy miner rugpull schemes. You can say so what? That's the free market, but that will just further centralize mining power with the big players.
Pleb miners won't shitcoin.