!buttcoin
@awful.systemshttps://www.theregister.com/2024/06/25/predators_steal_additional_10m/
Business is more lucrative than you might think
This post really isn't the usual faire of this community. Sorry about that. If there's a better place for me to put this, definitely feel free to point me there.
But, to the point of my post, before Bitcoin became a widespread cult, back when all Bitcoin was was a couple of posts on Slashdot, back when mining it was comparatively extremely easy/quick/"profitable", I mined some Bitcoin. About 1/20 of a Bitcoin. Just by, like, leaving my computer on for a month or so. And I still have access to it.
And Bitcoin is worth can be sold for $62,000 USD per bitcoin right now which makes my little 1/20 of a Bitcoin tradeable for about $3,100 of real money.
Now I know that blockchain is just straight up a scam. But I've still got this Bitcoin in a wallet on a hard drive in my posession. (I know, the wallet doesn't actually "contain" the Bitcoin. Leave me alone.)
The obvious thing to do with it would be to sell it now, but that would leave some poor chap(s) holding a $3,100 bag in a way that I wouldn't feel great about.
I could just sit on it forever. I suppose I could sell it and donate the proceeds to some cause I thought to be worthy or anti-crypto. If there were enough crypto-skeptics had cryptocurrencies and wanted cryptocurrency to die in a fire, they(/we?) could coordinate to use our collective cryptocurrency in a way that most damages the market and hopefully hastens a crash-to-zero. (But the likelihood that there'd be enough cryptocurrency in the hands of crypto-skeptics to pull that off seems low.) Or I could print out my private keys, delete them from my hard drive, and ceremonially burn the papers while chanting "web3 is going great".
And maybe this post is just me asking like-minded folks to give me permission to just sell it and leave someone holding a bag so I can buy myself a new OLED TV. Heh.
Whatever the case, I wanted to hear you folks' takes.
Edit: Thanks for the input, everyone. I'm gonna sell it.
https://www.web3isgoinggreat.com/?id=martin-shkreli-claims-to-have-been-behind-a-donald-trump-memecoin
After Arkham Intelligence announced a $150,000 bounty for anyone who could prove the identity of the person behind a Donald Trump memecoin called $DJT, blockchain sleuth zachxbt quickly rose to the occasion. He submitted evidence that Martin Shkreli, the "pharma bro" who spent years in federal prison for financial fraud and who was previously known for hiking the price of an anti-malaria drug 56×, was behind the token. This wouldn't have been Shkreli's first foray into the blockchain world, after he launched a "web3 drug discovery platform", and then later dubiously claimed to have been hacked for over $450,000 after his computer was infected by a trojan after he torrented a porn video.Shkreli attempted to frontrun the news in a Twitter space, and came out with his own claims that he had collaborated with Barron Trump to create the token, and with Andrew Tate to pump its price. However, fellow felon and memecoin pumper Roger Stone subsequently crawled out of the woodwork to claim that neither Barron nor Donald Trump was involved with $DJT.Shkreli has yet to provide solid proof that he created the memecoin, though zachxbt's research tends to be very strong. If true, Shkreli faces potential legal repercussions, as he is still on parole after his release in 2022. The terms of his parole require him to "refrain from engaging in self-employment which involves access to client's assets, investments, or money, or solicitation of assets, investments, or money", and to make financial disclosures to the courts. Shkreli was also banned from the securities industry in 2018, as part of a settlement with the SEC.
https://www.theregister.com/2024/06/17/terraform_labs_payment_closure/
South Korean outfit that triggered the world's 'Crypto Winter' will melt away after SEC order
https://www.coindesk.com/opinion/2024/06/14/mass-adoption-would-ruin-crypto-keep-it-a-niche/
There is an unavoidable tension between the aims of decentralization and onboarding everyday users.
https://sfstandard.com/opinion/2024/06/12/opinion-crypto-bros-trump-fundraiser/
Donald Trump's new crypto buddies are convicted fraudsters, alleged gropers and bilkers fined billions of dollars. The ‘disrupters’ are lining up early in hopes of a pardon pipeline.
https://davidgerard.co.uk/blockchain/2024/06/12/the-australian-securities-exchange-chess-blockchain-seven-years-of-sunk-cost-fallacy/
Enterprise blockchain never made any sense.
https://www.businessinsider.com/jack-dorsey-fiatjaf-nostr-donation-2024-6
Twitter's cofounder Jack Dorsey personally gave $245,000 in crypto to a developer who's a follower and student of a well-known Brazilian fascist.
https://protechbro.com/fineqia-ceo-web4-key-to-web3-growth/
Fineqia CEO, a digital asset investment firm, believes that Web4 is the critical component in the widespread adoption of Web3.
https://decrypt.co/232266/solana-dev-burned-meme-coin-stunt-dare
Despite suffering serious burns attempting to pump his DARE token on Solana, he promises to return to the project in a week's time.