this post was submitted on 25 Jun 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.

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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This post really isn't the usual faire of this community. Sorry about that. If there's a better place for me to put this, definitely feel free to point me there.

But, to the point of my post, before Bitcoin became a widespread cult, back when all Bitcoin was was a couple of posts on Slashdot, back when mining it was comparatively extremely easy/quick/"profitable", I mined some Bitcoin. About 1/20 of a Bitcoin. Just by, like, leaving my computer on for a month or so. And I still have access to it.

And Bitcoin ~~is worth~~ can be sold for $62,000 USD per bitcoin right now which makes my little 1/20 of a Bitcoin tradeable for about $3,100 of real money.

Now I know that blockchain is just straight up a scam. But I've still got this Bitcoin in a wallet on a hard drive in my posession. (I know, the wallet doesn't actually "contain" the Bitcoin. Leave me alone.)

The obvious thing to do with it would be to sell it now, but that would leave some poor chap(s) holding a $3,100 bag in a way that I wouldn't feel great about.

I could just sit on it forever. I suppose I could sell it and donate the proceeds to some cause I thought to be worthy or anti-crypto. If there were enough crypto-skeptics had cryptocurrencies and wanted cryptocurrency to die in a fire, they(/we?) could coordinate to use our collective cryptocurrency in a way that most damages the market and hopefully hastens a crash-to-zero. (But the likelihood that there'd be enough cryptocurrency in the hands of crypto-skeptics to pull that off seems low.) Or I could print out my private keys, delete them from my hard drive, and ceremonially burn the papers while chanting "web3 is going great".

And maybe this post is just me asking like-minded folks to give me permission to just sell it and leave someone holding a bag so I can buy myself a new OLED TV. Heh.

Whatever the case, I wanted to hear you folks' takes.

Edit: Thanks for the input, everyone. I'm gonna sell it.

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[–] michael@westergaard.social 9 points 5 months ago

Sell it. Nobody dumb enough to pay for butts in an online Excel can be trusted with their money.