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.

A community for hurling ordure at cryptocurrency/blockchain dweebs of all sorts. We are only here for debate as long as it amuses us. Meme stocks are also on topic.

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Early Bitcoin Investor [Roger Ver] Charged with Tax Fraud (www.justice.gov)

submitted 7 months ago by [email protected] to c/[email protected]

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Fun times!

HN discussion, including poo-poohing his conviction (with 10 month prison sentence) for improperly storing and selling explosives as "just selling firecrackers":

https://news.ycombinator.com/item?id=40219555

Also Mike Hearn shows up and is topical regarding Nix:

Note that the same tactics that were used to wreck Bitcoin are now being deployed against Nix, as the open source community has struggled to learn the right lessons from Bitcoin.

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[–] [email protected] 10 points 7 months ago (2 children)

god damn, the orange site supposedly being anti-crypto was never true (they were very much for it before it got a reputation for being a grift, and everything now just feels like damage control) but fuck is that thread surprisingly dense with cryptobros.

Note that the same tactics that were used to wreck Bitcoin are now being deployed against Nix

I’m sure Mike has something monstrous in mind with this comparison, but it’s apt in ways he almost certainly didn’t intend. let’s compare the problems in Nix with a traditional crypto scam!

the veneer of decentralization and collective decision making masks a highly centralized, informal leadership structure that overrules any community consensus that impedes their ability to get a payout
extreme forking hostility
“all complaints should go to the discord of the company we pretend isn’t in control!”
all critical discussions get sidetracked by right-wing trolls with financial incentives who can’t be banned because of project principles that defend them (and their money) but are easily weaponized against marginalized folks.

[–] [email protected] 7 points 7 months ago* (last edited 7 months ago) (1 children)

To be honest I've long since forgotten where Mike Hearn stands within the crazy world of intra-BTC rivalries (Ver was behind "Bitcoin Cash" which is an offshoot) but I knew from the get-go that the facts, such as they are, in the Nix debate don't matter. It's become an alt-right cause celebre and yet another anecdote to weave into their yarn of dastardly SJW meddling in the holy world of FOSS. So trying to derive any sense of the analogy is useless. It's all nasty vibes.

[–] [email protected] 7 points 7 months ago

you’re right, and I hate that you’re right. it really was that easy for the biggest alt-right pissbabies in FOSS to make this a damn thing, and nobody who could’ve stopped them did