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Since I recently created a fictional cryptocurrency in another thread, I'll just repost it here: I also have a cryptocurrency, it's called IdiotCoin. Only a si
by AnIdiotOnTheNet 6y ago
Since I recently created a fictional cryptocurrency in another thread, I'll just repost it here:
I also have a cryptocurrency, it's called IdiotCoin. Only a single idiot exists and I own it. It can be divided into 2^64-1 dolts. If you want to buy a dolt from me, the cost is one US cent, however, for every dolt purchased I will double the price of the next dolt.
So you see, the value of dolts will always exponentially increase, provided the US dollar doesn't inflate even faster. This is great because it means that no matter when you purchase a dolt you are guaranteed to see the value double as soon as someone else buys a dolt from me. If you buy a dolt from someone else the price could of course be lower, and they'll be giving you one hell of a deal!
Banned because: The pyramid scheme was too obvious
- rspeele 6y agoWhat's the ratio of dolts to Stanley Nickels?
- williamtrask 6y agoapproximately equal to the ratio of unicorns to leprechauns!!!
- Dylan16807 6y agoThat's not a pyramid scheme though?
- Clewza313 6y agoI'm afraid truth is stranger than fiction, because PonziCoin was already created in 2018: https://www.coinbureau.com/analysis/ponzicoin-crypto-crazy https://www.coinbureau.com/analysis/ponzicoin-crypto-crazy
- Dylan16807 6y agoPonzis actually pay [some of the] people back.
- divs1210 6y agoIt's not decentralized because you're handing it out, otherwise I would have bought a few dolts. What are the chances that you won't create another IdiotCoin out of air tomorrow, thereby inflating its value and decreasing the value of my dolts?
- AnIdiotOnTheNet 6y agoIt is decentralized, as anyone who owns dolts can sell them. I'm just the only source of new dolts. If I die or stop selling dolts the supply will be even further constrained, making every dolt you bought an even more incredible value! > What are the chances that you won't create another IdiotCoin out of air tomorrow, thereby inflating its value and decreasing the value of my dolts? By the time the last dolt is sold, I will have made more money than actually exists in the world many times over. I'm not that greedy.
- biztos 6y ago> ...more money than actually exists in the world... If we can print money to bail out the hedge funds, we can print it to buy up Dolts!