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back to article Cryptocurrencies now being pooped out by cartoon cat

Nyan Cat, the most annoying internet meme since the Hampster Dance , has spawned its very own Bitcoin clone. Nyan Cat appeared in 2011 in this video depicting a cat shaped like a pop tart streaming an endless rainbow from its rear parts as it flies through space. The background music is a Japanese pop song, which may explain …

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I disagree vehemently with the characterization of Nyan-cat being the most annoying internet meme since the Hampster Dance. Surely the "Crazy Frog" (a.k.a. Annoying Thing) could be awarded that accolade.

Sorry, there's an article?

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(Written by Reg staff) Silver badge

Re: Crazy frog

Got drunk. Woke up with Crazy Frog track purchase from iTunes, sync'd to my iPod, back in the day. True story :(

NyanCat > Crazy Frog.

Back on topic: why hasn't anyone made a Sili-coin Valley cryptocurrency yet? Or a Sili-coin Roundabout.

C.

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Re: Crazy frog

+1 for Sili-coin. It should become a generic term for crypto-currencies.

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Re: Crazy frog

Aren't they all rather silly coins?

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Many coin, very whimsy

I still hope that it's Dogecoin which wins out overall, and becomes the global standard transaction/exchange currency.

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Anonymous Coward

Re: Many coin, very whimsy

> Many coin, very whimsy

Many coin, many creators designing roll-off algorithms like bitcoin so they (and their friends) can mine the first few hundred coins very quickly before it is public, and then open it up to the public on the hope their random pile of bits suddenly appreciates in value.

All of the coins all verging on ponzi scheme type behavior - those in first are funded by those joining later - albeit they are up front with how the algorithm works so no one should be taken by surprise.

I'm sticking with a pile of gold.

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Anonymous Coward

Re: Many coin, very whimsy

"I'm sticking with a pile of gold."

Yeah, I would too. If I had one.

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Re: Many coin, very whimsy

"I'm sticking with a pile of gold."

I might buy some gold when the price stops dropping. Maybe when it hits £300 oz.

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Re: Many coin, very whimsy

So a few people get rich; those who had the best idea (created the most popular/valuable option), and those who supported it the earliest; and most people just get a modicum of value from its existence. That's pretty much the way capitalism seems to work AFAICT.

Don't let jealousy or envy of the fortunate cloud your judgement of what could be a good thing for human society as a whole.

And by that I mean Dogecoin.

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Coming Next !

<drumroll>

SpongeBobCoin

<ba-dum, tish!>

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Re: Coming Next !

> SpongeBobCoin

SpongeBitSquareCoin?

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Anonymous Coward

cash in quick!

ouch, too late!

There are sooo many ways to skin a.... ehm... sucker. This year it's gonna be virtual currencies, oh yeah! There's gold in dem bitcoins, man, you gotta buy this shit!

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It's to be expected

One snake oil salesman rakes in the money and soon everyone thinks they'll have a go too. Minimal risk and, should it catch on, they get very rich.

I imagine most of us would have liked to have been in on the BTC game early on, to have created huge amounts of money from nothing. Greed and envy are powerful motivators to jump on the next bandwagon that rolls by. Everyone knows you don't get rich by joining a pyramid scheme; you get rich by starting one. The promise of riches beyond our wildest dreams prevents us seeing the true game being played.

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I'd have personally preferred a Nekocoin based on a very cute Japanese cat icon from the 90's. But I digress...

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The denationalisation of currency

Probably most seriously proposed by Hayek: http://mises.org/books/denationalisation.pdf

http://mises.org/daily/1854 is a genuinely enlightening article on the matter. I think the premise is good: more competition and choice promotes a *stable*, *counterfeit-free* and *convenient*.

I think bitcoin only really satisfies one to two of the above and fails almost catastrophically at being stable, probably the most important aspect of a currency.

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Next up is BadgerBadgerBadgerCoin?

Using this site http://coingen.bluematt.me/ I'm going to get in on the retro-meme/coin action with AllYourCoinAreBelongToUs

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HoneyBadgerCoin

For those that don't give a shit about fiscal regulation.

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Security by straightjacket

The Nyancoin crypto should be based on playing the Nyan Cat music at high volume into a room, quantizing the reverb and distortion with a microphone, and then seeding the encryption with those parameters. For this to be perfect, the encryption technique needs just enough mathematical flaws that Nyancoin miners will go absolutely insane attempting to model and reproduce them.

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I hope we never ever EVER see.....

<shudder> Goatsecoin </shudder>

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JDX
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Re: I hope we never ever EVER see.....

TwoGirlsOneCoin?

Which has the added benefit that "OneCoin" sounds rude if you say it right.

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I don't get it

Cryptocurrency is currency, and to be taken seriously - bitcoin is working hard to been seen as legitimate and secure. So why make some joke currency that is likely to disappear? OK, that might be fun, but why would anyone actually buy any of such a currency when it might not be here next week (like the Kanye one)?

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Re: I don't get it

"So why make some joke currency that is likely to disappear?"

Probably cos geeks have always liked an inside/practical joke based around techy-type stuff. LOLCODE, the programming language based on lolspeak, is but one pertinent example.

Besides, throw enough (rainbow coloured) poo at the wall and some will stick. Who knows? Maybe Nyancoin will be the one *-coin to rule them all. I doubt it, though...

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Re: I don't get it

Yeah but nobody is asking to buy LOLCODE. Doesn't the existence of a cryptocurrency mean at least come of the currency exists, and can be traded?

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