Me: mom can I buy bitcoin Mom: we have bitcoin at home The bitcoin at home:

Its not a bitcoin IOU its a shitcoin.

It's an iou in the form of a shitcoin. You give me bitcoin, I give you shitcoin representing value of bitcoin 1:1 *bigwink* OK rereading that, I'm not sure if they even guarantee any bitcoin backing, simply a representation of value. Either way, agreed shitcoin.