A bitcoin knockoff for Insane Clown Posse fans: JuggaloCoin


#1

[Permalink]


#2

I suspect Massively Multiplayer Outside RPGs will start using a variant if they haven't already. In the 90s they had holographic money, this seems like a logical next step in keeping the coin stable within the realm.


#3

I thought Juggalos paid for everything with Skee Ball tickets?


#4

Crypto-currencies are the new celebrity fragrance. Everybody has to make one now. At least this one is backed by the full faith of and fiscal responsibility of a clown based Detroit rap metal band.


#5

When they mint a real physical coin and cause a panic in the Pentagon then I'll be impressed.


#6

If anyone is going to get a cryptocurrency right, it'll be the Juggalos...


#7

There's only one vanity crypt-o-currency I trust... (I'd recommend skipping the fragrance, though)


#8

Can I use these at the gathering? How many juggalocoins do I have to spend before I can see someone's neden? how much faygo can I get for one juggalocoin?

Also being coins, do they work with magnets?


#9

At least this one is backed by the full faith of and fiscal responsibility of a clown based Detroit rap metal band.

To be honest, I trust a clown-based, Detroit rap metal band backing a currency more than a lot of the Wall Street and other "establishment" assholes we're supposed to have such enormous faith in.


#10

Hey, at least the federal government's money is controlled by people who actually know a bit about economics. If I have to choose between my money being backed by an evil-but-proven-mostly-stable system or Bitcoin's ass-backwards system, I'd honestly feel safer going with Evil.

At least with Evil, one bad day isn't likely to suddenly take away 50% or more of my money's value.


#11

At least with Evil, one bad day isn't likely to suddenly take away 50% or more of my money's value.

More:

http://www.theguardian.com/commentisfree/2014/feb/24/recovery-bubble-crash-uk-us-investors


#12

also, as recently announced, COMING SOON


#13

And that's why I'm not putting money in whatever part of the stock market is 'trendy' at the time.

Besides, at least those crashes are separated by, at the very least, a decade or two, as opposed to BitCoin economics, which seems to have a boom followed by a giant crash at least once a year.

Believe me, I'll admit the current system screws up quite a lot (honestly I'm a democratic socialist, I'd like to do away with money all-together if it's possible, or at least make sure everyone gets enough to survive irrespective of employment.), but pretending BitCoin or any of its spin-offs that change the name but not the fundamental rules of the game would be an improvement over the current situation is deluding yourself.


#14

The support for Bitcoin on Boing Boing seems pretty counterintuitive to me. I was under the impression that this site was (ideologically) more about holding the government accountable for its actions, rather than indulging some Libertarian ideal of unregulated pseudo-currency.

I guess the knee-jerk reaction to having the government misuse your money is to have your money misused by private individuals. In that case, I have this friend, who is an exiled Nigerian Prince, and he really needs your help...


#15

Yeah, but apart from those things…


#16

Maybe I’ve misread the gestalt, but my impression as a frequent-listener and occasional-call-in-guest has been that they are mostly just laughing at the whole thing. Definitely not what I would call ‘support’ in any meaningful (or helpful!) sense.


#17

Can you trust a currency that uses the missing glyph symbol as a design feature?


#18

For all our sakes, I hope you're right, but (on the internet, at least) Poe's law reigns supreme. I'm pretty sure there are people seriously investing in Dogecoin out there.


#19

pretending BitCoin or any of its spin-offs that change the name but not the fundamental rules of the game would be an improvement over the current situation is deluding yourself.

AFAIC, Bitcoin isn't a replacement for currency in every case. It's more of an investment. Then again, people trade in currency all the time and lose their asses there as well.

I guess I just don't understand all the angst against Bitcoin. If you don't trust it, etc. - don't invest in it.


#20

I think between the two of you, you've essentially proved that any currency of any sort is inherently unstable as a store of value.

I actually mean that in a positive sense for both. Neither crypto-based decentralized tokens nor centrally-managed currencies can force people to "rationally" value all things at all times, and neither should be expected to be able to.