This guy created the Dogecoin as a joke, but later turned against it after it took off.
Markus got disenchanted with the cryptocurrency soon after he created it, as the initial community that built around Dogecoin took a direction he couldn’t agree with.What, he doesn't like "up"?
“Pump and dumping, rampant greed, scamming, bad faith actors, demanding from others, hype without research, taking advantage of others..."
"My dear boy, you say that as if it's a bad thing! Those are precisely the conditions that enabled me to create a market for forward contracts in carbon debits (denominated in Guatemalan quetzals). Pots of money in it! Have you priced a troy ounce of conscience, lately? Why, it doesn't bear mentioning. As Justice Holmes said in a similar context, 'a purely municipal idea, of no validity outside the jurisdiction'. Mwaha!"
I didn't know the Doge meme backstory. I thought it was this:
ReplyDeletehttps://en.wikipedia.org/wiki/Doge_of_Venice
Hey Andrew Yang promises to make NY a 'bitcoin hub'. He doesn't get this decentralised 'access anywhere' aspect of the internets does he?
ReplyDeletebruce, Yang's gonna convince them to come to NY by taxing them. Because hey, they have to be somewhere. Amirite?
ReplyDeleteThat's a NY pol's answer to everything.
If you tax it, it will come.
Haw! Yeah they claim they're happy to pay more tax, so why not?
ReplyDeleteSeen this 1930s musical which had a lot of familar stuff?
https://lidblog.com/impeached-corn-muffins/
I think it's a bit too optimistic in the end tho.
I don't understand cryptocurrency, I don't know how it works, and I think it's something I really ought to avoid.
ReplyDeleteRebecca, cryptocurrency is a combination of the worst features of the Federal Reserve Bank, the stock market, and computer geeks.
ReplyDeleteIt's only possible redeeming feature is that is all in private hands.