this post was submitted on 04 Nov 2024
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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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A week of failing to pay with bitcoin in El Salvador (reason.com)
submitted 1 week ago* (last edited 1 week ago) by sc_griffith@awful.systems to c/buttcoin@awful.systems
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bonus HN thread https://news.ycombinator.com/item?id=42014013 :

> For online service.. a $80 purchase costs at least $2.00. For a online purchase for computer hardware I paid over $45 for a $2k purchase. BTC fails hard in the real world as far as I'm concerned. The little I have left from mining while the sun was up, I'll use for just silly purchases online. > What you're missing is that it costs the same $2.00 to transfer $1T-worth of bitcoin. Try that with anything else that offers final settlement.

archive: https://archive.ph/osPSg

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[–] swlabr@awful.systems 3 points 5 days ago

$1T-worth

Ahhh yes. After putting all my money into blockchain I’d forgotten how to count that low

[–] Nuke_the_whales@lemmy.world 12 points 1 week ago* (last edited 1 week ago)

I'm a Salvadoran and I don't trust this guy one bit. I'm glad he dealt with the gang issue, but it was dealt with so fast and broadly that guaranteed there's a good percentage of prisoners in those gulags they've built that are innocent, and that's a travesty. Additionally, once the criminals are dealt with, those prisons are gonna start to house all the other undesirables of the administration. This is a guy who refuses to criticize Putin and refuses to even back Ukraine with his words.

Don't believe his backwards cap, athletic jacket, every man look either. He's an oligarch with deep pockets