Dude check this out. Inflation is bad right? So what if, hear me out, what if we made currency that was by design deflationary?? This way you keep your money in your account and it'll appreciate in value as long as you never spend it!
this post was submitted on 03 Feb 2026
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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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He's also responsible for dating apps matching you with someone who just wants to sell you crypto, the bastard.
I thought we had something, Bing Bing. I thought we had something!!!
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It feels more like a toy project that snowballed fueled by ideology and get-rich-quick schemes.
Yeah, the limited transaction rate is just the most obvious factor that indicates it's a proof-of-concept that got way out of hand.
Don't forget about crime!
Ideology, get-rich-quick schemes, and crime!
Crime is actually the only use-case for cryptocurrency that I support. If only there was one without all the downsides.
PHP is even older and even more successful. The test of time says nothing about quality.
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Counterpoint: No it doesn't.
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I have the class-leading integrated logic of this fabulous Apple M1 SoC, what do you have? Your mother's Samsung smart fridge?
I've just got 2007-fridge class fuzzy logic, RIP me
can still point out to our Esteemed Poster that bitcoin has entirely failed (at scale) at anything transactive outside of being a prospection asset for those that can speculate
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Even that would be superior to whatever it is you're bringing... after all, I can't be confident you're even fully capable of bowel control, due to the vast amounts of contraband narcotics all coiners habitually consume!
Donald Trump is one of the biggest coiners around, and he shit his pants on live TV the other day! And that's not the first time that's happened! You really expect me to believe some random fucko from lemmy.world is any better off? Especially if they're this deep in the bitcoin hog trough???
I don’t think it’s fair to blame Nakamoto for the way idiots have abused his invention (unless he’s a crypto bro and I don’t know about it, in which case, please pardon my ignorance).
Edit: what don’t I know?
Nakamoto didn't invent blockchains; Merkle did, in 1979. Nakamoto's paper presented a cryptographic scheme which could be used with a choice of blockchain. There are several non-cryptocurrency systems built around synchronizing blockchains, like git. However, Nakamoto was clearly an anarcho-libertarian trying to escape government currency controls, as the first line of the paper makes clear:
A purely peer-to-peer version of electronic cash would allow online payments to be sent directly from one party to another without going through a financial institution.
Not knowing those two things about the Bitcoin paper is why you're getting downvoted. Nakamoto wasn't some random innocent researcher.
Thank you! This was the information I was looking for. Apologies to everyone I annoyed.
We've been begging people for 17 years to understand that reality matters.
I'm sorry but like why do you think Satoshi created Bitcoin, like what was the purpose of that paper?
The tweet doesn’t say that he created bitcoin. It says he created blockchain. I didn’t want to assume something negative about a person without knowing for sure. For all I know, he’s just some random dude who’s good at math/coding, and others are responsible for the bitcoin nonsense.
I even admitted my ignorance on the topic, hoping for a straightforward answer, and you can see how well that worked out.
... is someone forcing you to type these comments? use an em-dash if yes, ascii hyphen if no
Well, Satoshi's whitepaper is called "Bitcoin: A Peer-to-Peer Electronic Cash System", so it's pretty obvious what the author(s) consider(s) its main contribution to be. Arguably, the concept of a blockchain wasn't invented by Satoshi (the idea of a ledger using Merkle trees of hashes existed before), neither was proof-of-work (the idea of requiring computation as a cost of performing an action also existed, e.g. to prevent email spam). The novelty was combining all that to create a currency system and the implementation. And the motivation spilling throughout the paper is very much libertarian and goldbuggy.
Could have been better, but the big blockers lost out to greed.
I’m not clear on what made you coiner fuckers think buttcoin was right for you
So at absolute best, the system has built-in incentives for the greedy (and nobody should have been positive about it to begin with)?
Oh, that finally explains it after all these years, BBC stands for Big Blocker (Coins)
I support crypto but hate proof-of-work.
I’d ask you to prove your work but fortunately you’ve already left through the window
"but what about proof of stake??!1?” is almost old enough to drive a car at this point
i'm all for staking. specifically, i'm all for staking the bloody vampires.
smdh for not welcoming vampires in for peaceful discourse and good faith debates instead
i already have to be pleasant and composed while intercting with the managerial class.