this post was submitted on 19 Dec 2024
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Buttcoin

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Buttcoin is the future of online butts. Buttcoin is a peer-to-peer butt. Peer-to-peer means that no central authority issues new butts or tracks butts.

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Foreign Policy: Bitcoin and Hawk Tuah Aren’t So Different (foreignpolicy.com)
submitted 1 day ago by dgerard@awful.systems to c/buttcoin@awful.systems
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[–] khalid_salad@awful.systems 8 points 18 hours ago (1 children)

As I'm reading the article, linked by David Gerard in the community created by David Gerard and moderated by David Gerard:

Oh shit David wrote this?

Seriously though great piece. Loved the closing paragraph.

But in the end, gravity still works, and a balloon can be inflated only so much. The bitcoin bubble is an artifact of market manipulation and has no more economic substance than the Hawk Tuah coin does. The U.S. government may be ripe for plunder, but other nations need to take steps to shield themselves from the impact of rug-pulling on a global scale.

[–] Amoeba_Girl@awful.systems 5 points 14 hours ago* (last edited 14 hours ago)

lol same, I thought oh wow they're really good on bitcoin, and then i saw the author's name and went oh

good job!!