My heart goes out to shell programmers who have to support posix sh
Explanation for newbies:
Shell is the programming language that you use when you open a terminal on linux or mac os. Well, actually "shell" is a family of languages with many different implementations (bash, dash, ash, zsh, ksh, fish, ....)
Writing programs in shell (called "shell scripts") is a harrowing experience because the language is optimized for interactive use at a terminal, not writing extensive applications
The two lines in the meme change the shell's behavior to be slightly less headache-inducing for the programmer:
set -euo pipefail is the short form of the following three commands:
set -e: exit on the first command that fails, rather than plowing through ignoring all errors
set -u: treat references to undefined variables as errors
set -o pipefail: If a command piped into another command fails, treat that as an error
export LC_ALL=C tells other programs to not do weird things depending on locale. For example, it forces seq to output numbers with a period as the decimal separator, even on systems where coma is the default decimal separator (russian, dutch, etc.).
The title text references "posix", which is a document that standardizes, among other things, what features a shell must have. Posix does not require a shell to implement pipefail, so if you want your script to run on as many different platforms as possible, then you cannot use that feature.
Shell is great, but if you're using it as a programming language then you're going to have a bad time. It's great for scripting, but if you find yourself actually programming in it then save yourself the headache and use an actual language!
Honestly, the fact that bash exposes low level networking primitives like a TCP socket via /dev/TCP is such a godsend. I've written an HTTP client in Bash before when I needed to get some data off of a box that had a fucked up filesystem and only had an emergency shell. I would have been totally fucked without /dev/tcp, so I'm glad things like it exist.
EDIT: oh, the article author is just using netcat, not doing it all in pure bash. That's a more practical choice, although it's way less fun and cursed.
Alpine linux, one of the most popular distros to use inside docker containers (and arguably good for desktop, servers, and embedded) is held together by shell scripts, and it's doing just fine. The installer, helper commands, and init scripts are all written for busybox sh. But I guess that falls under "scripting" by your definition.
With enough regex and sed/awk you might be able to make even complicated stuff work. I'm not a regex guru (but I do occasionally dabble in the dark arts).