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You clearly don’t understand modern crypto. No, I don’t mean the tech, I mean the business of the buzzword. Here: Step 1: create a blockchain. Step 2: add som
by IgorPartola 5y ago
You clearly don’t understand modern crypto. No, I don’t mean the tech, I mean the business of the buzzword. Here:
Step 1: create a blockchain.
Step 2: add some weird twist. Maybe each token represents an acorn of an oak so that we can save the planet by planting more oaks.
Step 3: hold onto most of the tokens yourself but give away a bunch to kickstart the economy of your coin and give it some minimal value.
Step 4: get Coinbase to pick up your coin to increase its value.
Step 5: sell your coins and profit while providing absolutely no value to anyone.
- oefrha 5y agoI wish I were joking, but a quick search yielded the “Save Planet Earth Crypto Token” — what a no bullshit name — that’s basically tied to planting trees somehow someway. Apparently the roadmap to saving planet earth includes “Development/Release of v1 SavePlanetEarth Android/iOS App”, “Development of revolutionary v2 SavePlanetEarth Android/iOS App”, “SavePlanetEarth Merch”, etc. https://saveplanetearth.io/ https://saveplanetearth.io/
- knownjorbist 5y agoThere actually are projects that could have a more tangible impact on the environment, if anyone is curious. KlimaDAO is essentially connecting carbon offset and credit markets directly to crypto and forming a black hole of buy pressure. In places where such schemes are law, it could make emissions much more expensive over time. https://docs.klimadao.finance/about-klima-dao https://docs.klimadao.finance/about-klima-dao
- IgorPartola 5y agoIf I want to buy carbon offsets why would I not just buy them from a farm/landowner? What does crypto do for me that I can’t do with a dollar bill?
- knownjorbist 5y agoThis is creating a black hole of buy-side pressure for any and all carbon offsets that they work with(see their documentation for which). Broadening the carbon offset market is a good thing.
- mNovak 5y agoOakCoins were great but the proof of oak made block speed too slow
- vangelis 5y agoTrees are just physical NFTs.
- IgorPartola 5y agoSo physical representations of digital tokens meant to represent physical objects?
- vangelis 5y agoNow, if we could tokenize the tree token trees..
- deleted 5y ago[deleted]
- svachalek 5y agoAssuming this takes off, they'd only be holding 10% of the world's money, with their investors holding another 10%. It's downright altruistic by new blockchain standards.
- DesiLurker 5y agoyou just made a bull case for coinbase.
- IgorPartola 5y agoWhen there is a gold rush, the surest way to make money is to sell shovels.