Buttcoin

Yesterday, the business section of El País, the Spanish newspaper of record, published this story.

It details how now people are investing in "tokens" using the blockchain, in something that looks pretty much like a regular REIT to me. 12 % average annual return, 6 % to 10 % MER. I already know the end of this movie.

I've contacted the local regulator (the Spanish SEC if you want) and asked them if they have published any information about this ~~scam~~ very sophisticated product.

I was wondering if this is also a thing outside of Spain. We can't have been the first ones to invent this shit.

If you can't access it due to the paywall I can send you a PDF, just DM me.

And I’m never wrong about this stuff. Never.

that drop was one hour after the latest billion tethers

the new narrative is apparently that the pump is in 90 days when financial advisors are finally ready to push bitcoin ETFs on their customers (for some reason)

ETFs put bitcoin on steroids!! y'know, asthmatic with shrunken balls

the bitcoin market is fake and in tethers, but the retail securities market is real and in dollars

my brother in Satoshi, you are the exit liquidity

yes, feel free to ask some here yourselves

* within acceptable margins of error

#1 We're All Gonna Make It: https://www.youtube.com/watch?v=yp0diaVLPrQ

#2 Ethereum: https://www.facebook.com/randizberg/videos/nobodyme-ok-heres-another-music-video-had-a-blast-on-this-collab-with-hila-the-k/531145045349722/

#3 Hello This Is Defi: https://twitter.com/randizuckerberg/status/1494416366710910992

Surgeon General's Warning: watching all of these back to back may make your brain ooze out of your nose.

• Tether is very good friends with the Feds
• SEC rejects Coinbase’s proposal to carve out special new rules for it
• Binance is still being Binance
• FTX will likely liquidate
• Three Arrows Capital creditors will likely get back 46%
• Crypto media goes through mergers
• Mt Gox payouts seem to have started

Hello there, I'm Dave, reaching out from AllArk. Our journey since 2022 has been dedicated to offering a simplified solution for converting crypto into traditional currency via: •Bank Transfers • Mailed Cash • Debit Card Methods Though we've been US-focused, the demand keeps growing, and we continue to meet your needs right here at home. We've established solid relationships with OTC trading desks within the USA to expand our crypto cash-out service through mail throughout the United States. :) We ensure that all cash transactions are securely tracked and insured, promising delivery within no more than three business days. Our recent beta tests have been successful, with positive feedback that we're excited to build on. This development is great news for the crypto community in the USA, making it easier to withdraw or spend your crypto. And don't miss out on our Crowdfunding platform, which can assist in raising crypto for your projects. Enjoy your day! Warm regards, Dave from AllArk

Memestockers will of course double down: https://old.reddit.com/r/BBBY/comments/18nxadz/posting_since_it_wasnt_yet_interpret_how_you_want/

A Toronto-area recuiter has mentioned a suprising amount of money for what appears to be a run of the mill cloud-aware ops job.

Berachain offers generous salaries ($400k) as well as STRONG Token Equity Packages ($300k p.a.) and amazing team culture, with an office based in Toronto

(Obvious answer is that the actual offer is lower, of course.)

I'm figuring the catch is something less obvious than:

• blockchain company
• headquartered in the Cayman Islands (https://twitter.com/berachain, https://github.com/berachain)
• pseudonymous founders pivoted from NFTs (https://finance.yahoo.com/news/defi-focused-layer-1-berachain-130000958.html)

Assuming for this post that this was a $400,000 salary with the usual corporate addons, how would somebody go about finding the catch that the salary is the red flag for?

we had a previous thread on this thing way back when TechTakes moved here, but it deserves a Buttcoin thread too. observe, for your enjoyment(???), an even worse derivative of the reputedly most worthless W3C standard. when you’ve got nothing of value to write about but you need a spec to be taken seriously so you write stuff like this:

The purpose of DIDComm Messaging is to provide a secure, private communication methodology built atop the decentralized design of DIDs.

It is the second half of this sentence, not the first, that makes DIDComm interesting. “Methodology” implies more than just a mechanism for individual messages, or even for a sequence of them. DIDComm Messaging defines how messages compose into the larger primitive of application-level protocols and workflows, while seamlessly retaining trust. “Built atop … DIDs” emphasizes DIDComm’s connection to the larger decentralized identity movement, with its many attendent virtues.

(that typo in the second paragraph of the spec has been there for at least 6 months, cause if anyone went back to proofread this crap they’d probably delete all of it out of embarrassment)

DIDcomm is what happens when crypto folks get invited to join your standards org, and it does to the spec writing process what crypto and AI did to whitepapers: it’s all extreme filler to mask the lack of an idea, built on top of a spec that famously specifies nothing

this has all my favorite grifts in one! crypto, AI, and the one where you re-scam the victims of your other scam by pretending to be the cops!