Cryptocurrency (and related fuckery)

Tragedy of the Commons. Another door nail in the eventual death of free EV charge spots.

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This has to be satire…

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Who the hell knows anymore.

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Scam, pyramid scheme, environmental disaster: Vivaldi boss shares his thoughts on crypto-coins

Vivaldi will not provide crypto-wallets in its browser because it doesn’t want users to participate in digital coin trading – something CEO Jon von Tetzchner desribes as “at best a gamble and at worst a scam”.

The move comes a week after rival Mozilla dipped a toe in the crypto-waters, only to have it angrily bitten off. Mozilla initially talked of accepting donations via cryptocurrencies but swiftly backtracked, saying the policy would be paused and reviewed.

[…]

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EthereumMax, a Kardashian and Floyd Mayweather Jr sued over alleged ‘pump and dump’ cryptocurrency scam

Cryptocurrency startup EthereumMax and top celebrities including Kim Kardashian and Floyd Mayweather Jr are accused in a proposed class-action lawsuit of colluding in a pump-and-dump scheme that scammed victims.

Ryan Huegerich, the lead plaintiff, alleged EthereumMax inflated the price of its digital EMAX Tokens by getting stars to promote its product. After big names, such as socialite and model Kim Kardashian, boxer Floyd Mayweather Jr, and former NBA player Paul Pierce touted EMAX Tokens, its value increased and then quickly plummeted when the company sold its own shares of the token, the lawsuit [PDF] claimed.

EthereumMax is referred to as the “executive defendants”, whilst the celebrities also being sued are grouped under “promoter defendants.”

[…]

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:laughing:

Remind me what NFTs are again?
An NFT is a non-fungible token …

… So the restaurant won’t serve mushrooms?
I see what you did there, but no — a non-fungible token is a unique digital asset stored cryptographically on the blockchain.

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Beware the bolshevik mushrooms!

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Apparently, the secret of political indoctrination is to capture the imagination of children before they learn to be skeptical.

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“There are infinite seats at this table,” said Metaverso co-host Amanda Cassatt, founder and chief executive of the Web3 marketing company Serotonin, who moved in Puerto Rico in 2019 in part for the tax breaks. By learning about this technology, young people in Puerto Rico can “bootstrap their own inclusion,” said Cassatt, who got into Ethereum early through ConsenSys, the company behind the crypto wallet Metamask.

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I guess you could lose weight on that diet. Doesn’t sound very healthy.

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North Korea pulled in $400m in cryptocurrency heists last year – report

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Infinite seats at the table? Won’t that lead to hyperinflation, the cryptocurrency bugbear?

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Won’t that lead to hyperinflation

“If we could, for a moment, move on to the topic of fiscal policy.”

s/the leaf as legal tender/the NFT as legal tender/g

For those of you raised without the benefits of a classical education, The Hitchhiker’s Guide to the Galaxy reveals these exiled marketing executives, hairstylists and economists are the true forebears of humanity…

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Turns Out the Crypto Bros Who Bought Jodorowsky’s Dune Book Aren’t Sure How Rights Work

Late last year, a rare copy of one of the pitch books legendary director Alejandro Jodorowsky made to pitch his vision for an adaptation of Dune went to auction. Expected to sell for around $30-40,000, it went for around a baffling three million dollars , thanks to an ether-backed collective known as TheSpiceDAO. Now, they want to use manuscript to… make their own Dune .

[…]

There was a failed attempt to purchase the US constitution, and plans to transform Blockbuster into a future streaming service by similar DAOs, and now, there is SpiceDAO. The difference with SpiceDAO’s plans to these, however, is that they suddenly think spending three million dollars just means they own Dune .

[…]

Except, of course, Jodorowsky’s Dune is still Dune , an adaptation of Frank Herbert’s iconic novel. Purchasing a book of storyboards—one of several in existence, even if that number is low—and expecting that to transfer the rights to those storyboards, or the story itself, would’ve been like whoever purchased that copy of Amazing Fantasy #15 last year expecting they could go to Sony and direct Spider-Man: Are We Still Doing Home Puns ? .

[…]

Any project that came out of SpiceDAO’s purchase would have to delicately tread the line of homaging not just Herbert’s work—and now the work of a major Hollywood studio in Warner Bros.—but the legal rights of Jodorowsky’s estate, Moebius’ estate, and others involved in the original pitch itself. But then why would SpiceDAO need to purchase Jodorowsky’s pitch bible to create something simply inspired by Dune and the aesthetic Jodorowsky and his collaborators envisioned, if they were so intent on creating an original work?

Perhaps, the answer, is that you couldn’t run an ancillary grift of getting those crypto enthusiasts who supported the bid in the first place to invest in your own Dune -themed cryptocurrency that way, could you? After all, the spice must flow one way or the other.

 

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On top of that, there is already a film about Jodorowsky’s Dune project.

P.S.

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