17 comments

[ 4.9 ms ] story [ 47.1 ms ] thread
haha!! amazing
lol somebody down voted me. i guess i’m not allowed to publicly laugh at a joke? or maybe some just really hates anything about blockchain? seems like they should also be laughing at how this makes fun of it
Missed opportunity: sheetcoin
The project is literally called ShiitCoin, with two i's.
A fantastic new way to waste electricity? I wasn’t aware we needed that.
That was a good chuckle. I immediately shared with friends. Thank you for this moment of happiness.
Just curious why using a user’s own sheet wasn’t useful for managing the private key versus the secondary website.
Very neat. IIUC, each user gets some private cells, and "Daddy Google" does the sync.

Off topic:

How hard is it to just clone ETH, change the master key, (do we even need to re-compile?) and have new blockchain?

Surely there is a SaaS for that

having a fresh blockchain is easy, getting anyone else to care is the hard part
> Similarly, coinbase reward is fixed at constant 500 ShiitCoin per block mined, and doesn't adjust over time

It doesn't really need to adjust over time. It doesn't need to be capped [1].

One blockchain has 1 minute block interval with a fixed 60 coin reward which translates to one coin per second forever.

[1] https://john-tromp.medium.com/a-case-for-using-soft-total-su...