this post was submitted on 21 May 2024
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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.

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[–] dgerard@awful.systems 8 points 7 months ago* (last edited 7 months ago) (1 children)
[–] froztbyte@awful.systems 5 points 7 months ago (2 children)

in advance of asking this I'll cop to not actually having followed Wright's insane arc in detail much the last few years on account of life yaks, but

why the hell is he even trying? is there a big pile of seized bitcoins that he believes he can get access to if only he managed to dupe people?

like I'm not trying to legitimate any views or valuations here, but it's just so .... wat

[–] V0ldek@awful.systems 12 points 7 months ago

From what I gathered it was about "since I invented blockchain now I own a percentage of every crypto project ever because intellectual property/patent law/vibes".

I think he was also selling something? So clout and publicity.

[–] gerikson@awful.systems 8 points 7 months ago (1 children)

I think he just started lying and then continued lying to cover up his previous lies. And he had a deep-pocketed backer in the form of Calvin Ayre.

[–] dgerard@awful.systems 7 points 7 months ago (1 children)
[–] froztbyte@awful.systems 7 points 7 months ago (1 children)

I wonder if at any point anyone involved (no matter how tangentially) in this process ever went "uh.... guys..." and got (metaphorically) defenestrated for trying to pull the eject handle

[–] dgerard@awful.systems 6 points 7 months ago

Stefan Matthews apparently sorta tried, but