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By that definition, Spacemen 3 qualify too, but I wouldn't call them or Loop shoegaze bands. Loop in particular were far too dark and heavy. Not "blissout music" really. My favorite band for many years!
I dunno, JAMC predate the term by several years, as do the Cocteau Twins.
For me, it's a tossup between Ride and Slowdive. Both of those bands wiped the floor with MBV in a live setting, at least going by the shows I saw. Ride's last couple of albums were pretty crappy, but in the beginning no one could touch them.
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