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 1 year ago

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dgerard@awful.systems

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Trump supporters lose $12bn as president’s cryptocurrency collapses (www.telegraph.co.uk)

submitted 2 days ago by neme@lemm.ee to c/buttcoin@awful.systems

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[–] SpaceCowboy@lemmy.ca 6 points 2 days ago (1 children)

"Stable coins" have crashed before too.

The whole crypto currency market is a house of cards. Just some are a bit lower in the structures than the others so don't fall over as often. But in the end, none of it is safe and none of it has a positive economic value.

[–] Soyweiser@awful.systems 3 points 12 hours ago

Someone did some math (an actual paper iirc) on stablecoins, they actually had a mathematical stable value to which it would return, which was around the pegged value. Only one problem, this wasnt the only stable value, as they had 2. The other stable value was 0. Hmm black swans