bitcoin – Moe Lane

More details on that massive Blue-check Twitter hack.

Note that I am not putting a link to this Vice article in Twitter itself, as the company is being pretty damned prickly about how allegedly the bitcoin hack happened because of somebody on the inside participating. Which just adds a certain something to this entire Carnival of Bad Decision-Making, doesn’t it?

I don’t blame Twitter for pulling the plug on the blue-checks, mind you*. The kill switch is there for a reason. But, for everybody else (and for the love of God):

Proposed: forget Bitcoin. What we need is BEERcoin.

In three denominations: Bad Beer, A Beer, and Good Beer. You need A Beer as the base currency (equal to “One job that I don’t mind spending an hour on anyway), obviously: and most people can agree on Good Beer, so that’s the higher denomination. But Bad Beer has a place in this, too: while there is a general consensus on Good Beer, there is not one on Bad Beer. SOMEBODY’S always going to be happy to drink it. So you would accept Bad BEERcoin as a kind of speculative currency: you might be able to trade it with somebody who would consider your Bad Beer to be Good Beer. Pretty elegant, if I do say so myself.

:pause:

What’s that? “What’s it like to make economists scream in agony at the sheer ignorance of it all?” Kind of fun, really. Why do you ask?

Moe Lane

PS: If this ever takes off, I want 1% of the gross. In Good BEERcoin.