Buttcoin

369 readers

6 users here now

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.

founded 10 months ago

MODERATORS

[email protected]

Remember Kickstarter’s frankly insane plan to pivot to blockchain? Yeah, that was because a16z promised them $100m to adopt blockchain (fortune.com)

submitted 7 months ago* (last edited 7 months ago) by [email protected] to c/[email protected]

4 comments fedilink hide all child comments

archive: https://archive.ph/UZv4s

you are viewing a single comment's thread
view the rest of the comments

[–] [email protected] 14 points 7 months ago (3 children)

Reading this extract I was surprised, figuring the desperate search for investment money must mean that Kickstarter wasn't turning a profit despite a seemingly sound business model.

Reading the article I found out it was even stupider. Kickstarter wasn't lacking a path to profit, it was lacking a path to growth. And being a profitable company with a clear market nisch isn't cool enough. Everything has to grow, grow, grow. So Kickstarter created a bunch of problems for itself, destroying much of its brand. It's that stupid.

[–] [email protected] 9 points 7 months ago

21st century capitalism is going great

load more comments (2 replies)