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.

founded 2 years ago
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A couple months old by now, but I still find this a fascinating case study. A good old-fashioned NFT grift, unmoored from time and washed ashore as a sad, solitary UZDoom pull request in the year of the Common Era two thousand twenty six. The honorable representative of "Next Gen Software UK" seems to have taken the rejection in stride and without comment, seemingly only attempting to upstream the NFT features to promote their own fork, ODOOM.

What's the "O" stand for? Open Advanced Secure Interoperable Scalable-System obviously. That's right, they're not just making a Metaverse like in Snow Crash, they're making the OASIS like in Ready Player One, by putting a shitty social overlay into some FOSS game engines. I'm too tired to come up with a clever torment nexus joke to put here. Anyway, web3 is passé now. Their interoperability layer is web4. Their social layer is web5. Loading a WAD presumably makes it web6, and from there we'll be on pace to hit the web* singularity by 2027. That's right, AI is here too!

Now, as someone astutely pointed out, you might think that tying the ability to mint NFTs to killing enemies in a notoriously moddable game would be bad for the whole artificial scarcity thing, but our friends at Next Gen have a solution: enterprise blockchain holonic braid AI! From what I can tell, this is a delicate prompt caressing technique to write out a bunch of GOFAI symbolic logic in markdown and then get an LLM to pretty please evaluate the fuzzy logic. That's right, the cyberdemons are going to prompt so hard they'll beat you at deathmatch. In a game famous for being played at the pace of an LLM API endpoint. Blockchain-based anticheat is left as an exercise for the reader.

Obviously, this is all bullshit. One look at their generically titled landing page makes the unimaginative grift clear. You buy a token to play, the tier of token you buy determines how many loot and "quest" reward NFTs you can mint in a week so you can corner the hypothetical market by preordering, and not only are they promising a roadmap, they're so gracious that if you pay for the top tier, they'll let you write the roadmap for them! Only 20 slots left! Buy now!

I know the standard NFT project like this is supposed to prey on people who want to join a fun discord server and/or know they're looking for the next bag holder to cash out, but it still surprises me that these devs think they can get something out of it this late to the party. Did their AI blockchain compliance automation thing fall through in the wake of the Delve scandal? Did they really spend a decade in the mines preparing their get-rich-quick scheme for launch and miss the boat? …Come to think of it, "10+ years" ago is around when the Ready Player One movie was announced. Are they just really, really genuine fans of Ernest Cline's Torment Nexus?

I don't know why I felt the need to write all this, but the economic, social, epistemological, and game design failures of this horseshit, and the amount of work people are willing to put into a Potemkin software project like this never fail to astound me. Twenty-twenty-six, everyone. The best part is, for anyone actually interested in alternating back and forth between playing Doom, Quake, and a bunch of other games connected by a social layer to complete shared tasks, Archipelago already exists and doesn't want you to buy their AI-extruded membership cards. Peace on Earth, gamers.

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cross-posted from: https://lemmy.ml/post/39277400

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cross-posted from: https://lemmy.ml/post/46379297

Source: r/buttcoin

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The two cows of fintech (davidgerard.co.uk)
submitted 1 month ago* (last edited 1 month ago) by dgerard@awful.systems to c/buttcoin@awful.systems
 
 

The world of Fintech is such an incredibly dynamic place it is really hard for even a dedicated Fintech influencer to keep up. Fortunately, you have two cows.

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video version - yes i did one for this too

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cross-posted from: https://rss.ponder.cat/post/168863

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SuccessGreat! Check your inbox and click the link.ErrorPlease enter a valid email address. NFTs That Cost Millions Replaced With Error Message After Project Downgraded to Free Cloudflare Plan

On Friday, thousands of NFTs that had once sold collectively for millions of dollars vanished from the internet and were replaced with the phrase “This content has been restricted. Using Cloudflare’s basic service in this manner is a violation of the Terms of Service.” The pictures eventually returned but their brief loss, as a result of one of the services that served the NFTs being migrated to a free account, is a reminder of the ephemeral nature of digital goods as well as the craze for crypto-backed pictures that dominated the internet for a few years.

The pictures were part of a CloneX RTFKT (pronounced “artifact”) collection, a Nike-backed NFT project done in collaboration with Japanese artist Takashi Murakami. They disappeared because the corporate overlord that acquired them was no longer investing the time or capital into the project it once had.

At around 5 a.m. EST on the morning of April 24, more than 19,000 NFTs in the CloneX RTFKT (pronounced “artifact”) collection vanished. In their place was white text on a black background that said: “This content has been restricted. Using Cloudflare’s basic service in this manner is a violation of the Terms of Service.”


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introducing speculative assets into the housing market has caused some problems before.

it's for corrupt purposes, of course:

The blockchain idea is being pushed, a HUD official told colleagues, by Irving Dennis. Dennis, the agency’s new principal deputy chief financial officer, is a former partner at the global consulting giant EY, also commonly known by its original name, Ernst & Young. EY itself is involved in the proposal as well: An executive of the firm discussed the idea with HUD officials last month.

a followup story: https://www.propublica.org/article/hud-cryptocurrency-blockchain-democrats-maxine-waters

archive link: https://web.archive.org/web/20250329193844/https://www.propublica.org/article/hud-considers-crypto-blockchain-stablecoin-housing-urban-development

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In a gesture blending art, technology and homage to innovation, the city of Lugano, Switzerland, has unveiled a striking statue celebrating the anonymity of the mysterious creator of Buttcoin.

The grand reveal took place at the third annual Plan Nocoin Forum, with the sleekly designed figure aiming to capture Buttcoin’s enigmatic legacy.

At the unveiling, the Mayor of Lugano, Kill Hamster, lauded the statue as a symbol of the city’s bold embrace of fiat progress, underscoring Lugano’s rise as a premier hub for actual money.

The sculpture honours the far-reaching impact of Buttcoin on the global financial landscape.

The artist, Buttcoin Thread, says “the sculpture shows the Butt from all possible angles, and vibrates with such energy that it can barely stay fixed in this plane of existence.”

By paying tribute to Buttcoin, Lugano not only honours the past but also paves the way for future generations to pursue breakthroughs in actual money you can spend on things.

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with the fabulous sound of the new microphone

yeah there'll be a normal Pivot to AI post and video later

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Is it going to be of real value to us taxpayers in any way? At best, no. At worst, if the government starts acquiring crypto and then the price falls, that’s going to be a hit on the valuations of the crypto. So I don’t see this ending well in any way, but it is going to happen.

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Sorry gents, can’t un-ring the bell

EDIT: Upon further inspection the OP is a crypto proponent too

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