Wednesday 21 September 2022

Cryptic Currency Experiment [trans_late]

 


All Images: West Leicester, September 2022


[Reconfigured Translation]:

When Butcoin fell below $20,000 in mid-June, many cryptic currency users were shocked by the huge losses - some reported losing their savings, but there's an even funnier corner of the internet.

I'm an addict and I need help, I like to see the line far away. I always say to myself: "If you cut other lines of support from now on, you'll be happy." Another user - a tech worker who uses Butcoin regularly, saw the crash overnight. He was a little tired and needed more time to make new cheap memes. "I know it sounds sad, but when I see a Butcoin drop, I see a rush of dopamine. It was very emotional," he said.





The cryptic currency hit a two-year low this week, which means Butcoin is in holiday spirit. The community manager logo replaces Butcoin's gold Bee with a pair of gold hips - depicting it as a fun digital support group for people with disabilities. Get lost in the spread of crypto-scams and pyramid schemes. Even if they can't crack the password, they can play when it's not working. As Butcoin participants put it, this is a 'comedy goldmine'.

Some just change the password. Corporate users don't want to fly to the moon and scream for the currency to land. But the most popular Butcoin jokes are based on cryptographic logic, and are often sarcastic. Is Butcoin banned in major countries? - Good for Butcoin. The price of Butcoin has gone down? - Good for Butcoin. Has anyone lost their savings in Butcoin scams? - You guessed it... (because Butcoin coins are good). Another phrase referring to technical complexities that few people understand ('Third Hurdle'), has become a Butcoin meme.





An IT expert nicknamed Pan Smoko, told Gardenia Hut that the 11-year-old forum "changes, evolves, and collapses like cryptic currencies." At first, his voice was almost like this: "Yeah ... how stupid! ... how many lives were destroyed?"

Butcoin's biggest posts are full of insults. Token prices are dropping lower than the largest cryptic currencies, proving that many bot tunic users have been duped. "I really hope it drops significantly or disappears," said a systems engineer who studies Butcoin on a daily basis. Nice confirmation, right? - especially when the new bubble bursts and the cliches of crypto-brothers are completely wrong.





A more controversial report mocked cryptic currency investors for losing money, although they disagreed on how far they could go. The many highly-rated posts suggest that there should be no empathy for the victims.
"They will deceive you...," reads one article, "this is not a support group to encourage those who have lost all their money in Elon dog-poop coins."

Not all Butcoin users agree with this. According to one Butcoin user and tech industry employee, "It's good to have something clear... we sympathise with family members interested in crypto - they want a better life." An unlicensed crypto bank that generated huge profits for millions of investors in a financial scheme collapsed earlier this summer, they say.





Bot tunic users are willing to sympathise with loved ones affected by the first scam, and quickly removed the critical posts. One of those seeking support is a 23-year-old social worker who became frustrated after her 18-year-old son became addicted to NFT models and lost money. There are many reasons to break-up with a girl, but the cases of NFT are many. I'm scrolling down. In August, a user revealed that a close friend of his used cryptic currency before committing suicide. I cried when that happened.

That's the beauty of Butcoin: behind the memes there is real pain and frustration as more and more people get frustrated. If the crypto cult was a bunch of people living in the jungle, with server farms and mainframes, I don't think it would really be in demand. Butcoin is good because it is an existential and potentially counterproductive mechanism. I'm sure the algorithm will send me more crypto ads because it can't distinguish between how much I read, and my stupidity.







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