I’m not a sensible man.
Earlier at this time I tweeted about $ASS, a cryptocurrency named after a canine. On this case, Australian Shepherds. And after doing that clearly silly factor, my Twitter feed turned chock-full of ass-related imagery, memes, and $ASS coin stans respiration on me.
It’s all very annoying as I run Tweetdeck on a piece laptop computer which is now very, effectively, dicey a proposition given what I’m being despatched.
$ASS is brief for Australian Protected Shepherd, by the by. It’s a cryptocurrency that, very like Dogecoin, is a joke.
A joke that its personal web site doesn’t take too critically. For instance, when you navigate to AssFinance, you can see a really detailed have a look at $ASS’s technical underpinnings, and plans for the longer term:
I discovered this hilarious. So I tweeted about it. After which everybody within the $ASS world started to assault my Twitter. Professional-tip: This isn’t a great way to get taken critically. However as $ASS isn’t making an attempt to be taken critically, does that even matter?
The coin is successfully a limid pump, a cryptocurrency designed to get early adopters to unfold the phrase about it, after which maintain. It constructed its economics round simply these objectives:
However sufficient of all that. Why will we give a shit about $ASS? Just a few causes:
- This type of monetary stupidity is humorous, however some common of us are going to get burned.
- The $ASS pump is indicative of the extent of hypothesis current within the cryptocurrency world at this time, which is prone to the credibility detriment of extra critical initiatives. And helps clarify how bitcoin has managed the value appreciation it has in latest quarters.
- $ASS coin is up 1794.3% within the final 14 days, per CoinGecko. That is probably key to its present allure; individuals love free cash and previous features make for a lovely misinform oneself regarding future returns.
As an idea, $ASS matches neatly into my budding view that as present generations of individuals of their 20s and 30s are determined for a firmer foothold on a middle-class life than at this time’s wage-weak, healthcare-deficient, and labor-unfriendly financial system is keen to offer, moon-shots on speculative bullshit have outsized enchantment in comparison with different occasions in American historical past when it was simpler to afford a home.
And whereas it’s exhausting to be critical a couple of
butt dog-themed little bit of Web cash, $ASS is, effectively, very 2021. And who’re we to fake to be higher than protecting a shitcoin? Even when solely to mock it.
Bloomberg has extra on $ASS if you need a extra critical take about an unserious mission.