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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Crypto update: LOL who cares, crime is legal (davidgerard.co.uk)

submitted 6 days ago by [email protected] to c/[email protected]

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[–] [email protected] 6 points 6 days ago (2 children)

Beanie Babies -> Blockchain -> AI -> Quantum Computing.

I was about to make the joke that the next one in the chain would be a "bubble bubble". There have been bubbles around tulip bulbs, fiber optics, milk bottle caps, ".com". The joke was going to be something about how the next bubble would be a "meta bubble" - a bubble fed by hype over how "great" whatever the next bubble is going to be. But just as I was about to make the joke, I realized it wasn't actually implausible. That could literally be the nature of the next bubble.

[–] [email protected] 7 points 6 days ago

In a way every bubble economy is already a meta-bubble in that they don't just aim to generate hype about tulips, but also to generate hype about hype about tulips.

And like @YourNetworkIsHaunted pointed out, it's a pretty good description of private equity in general. More abstractly, every stock market crash is a consequence of some first-order bubble winning the meta-bubble race.

[–] [email protected] 4 points 6 days ago

I mean isn't that A16z (Marc the mark and the funky accounting bunch?) whole business strategy? Eventually they gotta just cut out the middleman, right?