Cryptoland: the hodlers of last resort

[ezrast]

Two enterprising grifters have unveiled a plan to purchase an island in Fiji and turn it into an exclusive paradise for cryptobros. Exactly zero of that plan has been put into motion, but rest assured you can already buy NFTs from them to claim a parcel of land that isn't theirs to sell for $1.2M worth of Ethereum, which is actually comically low considering the volume they're working with.

If we're really good for Santa this year, Cryptoland might pick up enough momentum that someone will try to actually make this thing happen and we can watch it all fall apart, Fyre Festival-style. Most likely they'll take the money and run before then, but real popcorn value has already been delivered in the form of an eighteen-minute promotional video that is absolutely start-to-finish indistinguishable from satire. It is the hardest roast of the crypto community imaginable.

See it with commentary here.

[Trippy]

This was linked in one of the replies to that Twitter thread about the "adventures" of a cruise ship sold to a group of cryptobros two years ago:

https://www.theguardian.com/news/2021/sep/07/disastrous-voyage-satoshi-cryptocurrency-cruise-ship-seassteading

I hadn't heard of this until reading the article.

[Tale]

Also similar to Br*ck Pi*rce and friends in Puerto Rico in 2018. Before he married an actual woman and ran for president.

[Tebonas]

Looking forward to the documentary about it. Was really entertained by the two Fyre Festival ones (apart from feeling sorry for the locals that where caught in it).

[Tale]

Fresh hell in my feed.

[HaemishM]

That haircut says "How to say I'm a pedophile without saying I'm a pedophile."

[TheWalrus]

"Self made"

[slog]

"Self made"

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[Surlyboi]

"Not satisfied with collapsing the economy of Kazakhstan, cryptobros vow to strike again."

[Soulflame]

Now Venezuela is next in the "Economy destroyed by crypto" barrel.

[Samwise]

Now Venezuela is next in the "Economy destroyed by crypto" barrel.

Don't worry, socialism will get all the blame.

[Johny Cee]

Now Venezuela is next in the "Economy destroyed by crypto" barrel.

Don't worry, socialism will get all the blame.

Because socialism already cratered the economy? 

[Chimpy]

How are crypto miners going to move to Venezuela? The country can’t generate enough electricity to keep the lights on as it is now.

[Sky]

"15 cryptominers trapped in Venezuela after they got the cryptoshaft"

[Hoax]

Now Venezuela is next in the "Economy destroyed by crypto" barrel.

Don't worry, socialism will get all the blame.

Because socialism already cratered the economy? 

Yes. Venezuela isn't nearly as interesting as El Salvador, which had a not completely defunct economy and picked a young charismatic cryptobro to be president.

[Count Nerfedalot]

how do you allocate blame between rampant socialism, despotic dictators-in-all-but-name, petrodollar corruption, and being stuck next door to a 60 year long civil war?

[Samwise]

https://www.theguardian.com/technology/2022/jul/12/they-couldnt-even-scream-any-more-they-were-just-sobbing-the-amateur-investors-ruined-by-the-crypto-crash\

They gather on Telegram to let out howls of grief and short, sharp shrieks of pain. “Eeeeeeee!” yowls a young woman. “Waahahahah,” roars a man in a deep baritone. A third person wails like a baby. These are victims of the cryptocurrency bloodbath, 3,315 of whom have assembled in a “Bear Market Screaming Therapy Group” group to vent their anguish. “I had a few people lamenting and crying,” says the group’s founder, a 30-year-old cryptocurrency investor who gives only his first name, Giulio. “I decided not to ban them. I felt bad. They weren’t even able to scream any more. They were just sobbing.”

 

[Soulflame]

“I had a few people lamenting and crying,” says the group’s founder, a 30-year-old cryptocurrency investor who gives only his first name, Giulio. “I decided not to ban them. I felt bad. They weren’t even able to scream any more. They were just sobbing.”

Dollars to donuts he's running that group to push great new "investments" to a pool of known marks.

[schild]

if he isn't, he should be