Qz - Robert Shiller says bitcoin is a bubble. Well, we knew that. What happens when everyone is buying a currency, and nobody is selling it, while its amount is restricted? The currency goes up in relative price to the goods it was supposed to be buying, but isn't. Problem is, eventually buying and selling equalize. Then, if things go badly, selling increases and buying stops. Wonder what happens then?
Thing is, in monetary economics, "currency" is nothing special. It's really just a storable commodity, except it's never consumed.
And, even more fun:
FT Alphaville, and not even Izzy Kamizzy this time - Bitcoin is a super circle jerk by 40-something sociopathic autistic virgins. And they really mean it:
Women made up only 8 per cent of California’s population in 1850, after the gold rush brought a flood of men seeking fortune.I dunno, if something is being bought 97% by men, then ipso facto it's not a currency, is it? It's probably something you ejaculate into, instead, right?
The gender imbalance in today’s ICO mania is reportedly worse. While there’s no reliable census for crypto users, one recent estimate says women are just 3 per cent of the Bitcoin community, even though there’s no shortage of women who live in California. Crypto-bachelors appear to be aware of this gender imbalance, but they don’t sound all that unhappy about it.
And next Alexandra really beats the bitcoin community like a mixed-race stepchild, then stomps a fuckhole in their ass and fucks it dry with this passage:
Of course, it only caught our eye because some techbros seem like they’d rather pay for a fake female team member than hire a real one. And while they often carry on about digital frontiers, it’s highly unlikely they actually want to be in the American West, with its vigilante mobs, willful women and rivals with guns.Oh man. Alexandra just did this to bitcoin:
No, some of them want to be in Westworld, the fictional Wild West theme park where ticketholders can do whatever they want to realistic humanoid robots, which inevitably leads to all the horrors you’d imagine that scenario would entail when broadcast by HBO. The urge to objectify and dehumanise other people — often women — is both thoroughly human and scary as hell. And a strip club called Legends Room basically asks crypto-bachelors to indulge that impulse to its extreme:
“Someone can go into the Legends Room and pay the young ladies by waving their phone over the QR code on her shoulder. It’s the gamification of the club environment,” Peter Klamka told the Daily Beast.
Gamification? A game where they… they… wave a phone over a glorified barcode, to buy attention from a living, breathing human woman? They wave their phones? Over a barcode? On a person?
Forget old-fashioned stuff like “making eye contact” and “rote niceties”, that’s all history now that we’ve got the blockchain!
"Bah gaw Jim! He's broken in half!"