this post was submitted on 13 Dec 2023
4 points (100.0% liked)
Buttcoin
396 readers
26 users here now
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.
founded 11 months ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
If there is a not total civ level collapse which still fractures the internet into different networks which do not communicate, I think crypto will be even more fun, as then you can double spend without needing 51% if you have trade the same coin at the same time on both networks. Not trading anonymously/trusting that you can find the guy who you sold a thing too later to reverse the transaction, would fix that of course but wasn't that one of the appeals of crypto?
Say if I was a Russian olicharch with a lot of crypto and Putin decides to close the digital iron curtain, I would dump all my crypto at both markets at the same time the moment the curtain is down. Sure eventually your crypto gets owned by either a russian or a non-russian due to the consensus algo but that is their problem not yours.