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The Prophets of Cryptocurrency Survey the Boom and Bust http://www.newyorker.com/...
The Prophets of Cryptocurrency Survey the Boom and Bust http://www.newyorker.com/...
6 years ago
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Every few weeks, it seems, there’s a new entry in the did-you-hear category of goofy alt-I.C.O.s. One day it’s Bananacoin, offered by banana plantations in Laos and pegged to the price of a kilo of Lady Fingers, and another it’s Dentacoin, a dentistry token, which—but, seriously—at one point had a market cap of more than two billion dollars. Coinye (the Shitcoin Formerly Known as Coinye West) might have had a shot, too, had its developers not been sued by Kanye for trademark infringement. Jesus Coin (a parody coin that has nonetheless been traded like a real one) and Christ Coin (a non-parody coin that has been shunned as though it were a spoof) have encountered no namesake legal issues. Nor has Mike Tyson Bitcoin, a digital-wallet app, about which Tyson said, “In no way do I profess to be any kind of bitcoin currency guru. It just seems very interesting, and I’m intrigued with the possibilities.” Turns out there is even a Koi Coin, worth a fraction of a penny.
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Thanks Coin.
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nda
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