this post was submitted on 14 Aug 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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[–] [email protected] 0 points 4 months ago (1 children)

It would probably have been a centralized system though so much easier to control it.

A bit like USDT that is controlled by a company that has frozen assets on certain accounts in the past and replaced those frozen assets with new ones. They have control over the contract so they can just prevent certain wallets from interacting with it, making the coins useless as they're stuck in the wallet (need to interact with the contract in order to move coins around).

[–] [email protected] 1 points 4 months ago (1 children)

that sounds a lot like a shitty database with extra steps

[–] [email protected] 0 points 4 months ago (2 children)

Well, just the fact that it's 100% transparent is a step forward compared to the stock exchange as it is at the moment and otherwise your comment also applies to the stock exchange as it is working now...

[–] [email protected] 1 points 4 months ago (1 children)

"we made the plane 100% transparent! now you can tell if the pilots are doing anything bad, it's a major step forward. also it doesn't really fly now"

[–] [email protected] 1 points 4 months ago* (last edited 4 months ago)

the plane's made of perspex and the wires are salt-soaked strings wrapped in liquorice strips for isolation but it's fine, our designer signed off on it

[–] [email protected] 1 points 4 months ago (1 children)

if you're gonna come in here and spew coiner bullshit at least make it entertaining for fuck’s sake

[–] [email protected] 1 points 4 months ago

I was vacillating so, so hard on replying to this one