RE: Coronacoin… It’s As Bad As It Sounds
Insert face-palm here…. Now that I’ve filed this under “most ridiculous thing I’ve seen today” I’ll share it with everyone here….
CORONACOIN CRYPTO EMERGES, AND IT’S AS BAD AS IT SOUNDS
“The first major news agency to lead with the story of the CoronaCoin was Reuters. It was then quickly picked up by the New York Post, where the facts were immediately skewed. Their article compares the CoronaCoin to BTC. ‘The Bitcoin-like cryptocurrency,’ it says.
Needless to say, the mother of all sh**coins is not one bit like bitcoin. It’s based on the ERC-20 protocol, instead. And perhaps the saddest thing about this grotesquely morbid new token is that it will probably be quite successful.
What’s CoronaCoin backed by? The COVID-19 virus itself. And it has an in-build scarcity to make your blood run cold. The number of available tokens available decreases as more people die…”
Oh god, this IS awful!!! Wow. Just wow:
Its supply will diminish every two days based on the rate of new cases, according to its website. This means that its price will rise as more fatalities result from the virus. It calls itself:The World’s First Crypto Backed by Proof of Death