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The RugMom Thinks It’s Nice That You Do That Computer Money Stuff
GREAT FALLS — On a recent call with your mother, the subject of what you do for a living inevitably came up. You went on to explain, for the seventh time this month, how you now audit smart contracts for flaws and vulnerabilities, earning a combination of fiat and ETH on a biweekly basis. Your mom replied, “I don’t know what any of that means, but it’s really nice how you do that computer money stuff.” Early attempts to explain your vocation to your mother go back to early 2021 when you were ...
The RugTwitter Rebrands to “X” Commemorating Drop to 10th Best Social Media Platform
SAN FRANCISCO — In a celebratory move, Twitter CEO Elon Musk changed the name of the platform to “X” commemorating its spot on a list of social media platforms. According to HootSuite, it now ranks 10th behind powerhouses such as Truth Social and Holla. Before the new list was announced Musk was planning to rebrand his social media company as “X AE, v. non-child.” Employees breathed a sigh of relief. “Pretty sure we would have immediately lost all of our users if he named us that,” said Chief...
The RugVitalik Suspected of Extraterrestrial Origins
EARTH — Conspiracy theorists have taken to Reddit this week in a wild and unfounded notion that Ethereum founder Vitalik Buterin is from a recently discovered planet located between Venus and Mercury. Redditors are calling the planet “Cryptomar.” The contention that the blockchain guru is from another planetary body is loosely based on conjecture that he “looks like an alien” and the fact that he put Earth as his location in his twitter bio.Vitalik lists twitter location as "Earth".Despite al...
BALTIMORE — Appearing before the students of George Washington High School, SEC Chair Gary Gensler called NFTs a “gateway token” during his speech about the dangers of crypto. “So you think it’s safe to just buy an NFT,” began Gensler to his half-awake audience, “but suddenly, you’ve left the familiarity of bank fees and overdraft charges for the clutches of DeFi.”
The talk at Washington was one stop on a campaign called “Just Say No to Crypto, Bro”, which Gensler designed to warn younger generations about cryptocurrency. The “asset, security, currency, or other”, according to Gensler, “is a threat to the youth of this country, who often begin with an NFT or two, then move on to worse things like investing in Cardano.”
Critics of the messaging point out that NFTs and cryptocurrency aren’t addictive and that there are better things to warn youth about, like drugs and big banks. Still, they admit that buying an NFT could lead to buying cryptocurrency, as Gensler proclaims.
Back at Washington, phones are scrolling as Gensler addresses the distracted high schoolers. “You don’t want to end up like poor Finley Putterman,” he notes about a Hoboken teenager who bought an NFT, then crypto, and “all of a sudden was saying terrible things to his parents like ‘gm’ and ‘hodl’.”
Gensler is also taking action at home, telling his children that they aren’t allowed to buy NFTs. His children are all over the age of 30 and are currently unaware of what NFTs are.
For more mostly credible web3 news, follow @therugnews on Twitter and subscribe to our newsletter.
BALTIMORE — Appearing before the students of George Washington High School, SEC Chair Gary Gensler called NFTs a “gateway token” during his speech about the dangers of crypto. “So you think it’s safe to just buy an NFT,” began Gensler to his half-awake audience, “but suddenly, you’ve left the familiarity of bank fees and overdraft charges for the clutches of DeFi.”
The talk at Washington was one stop on a campaign called “Just Say No to Crypto, Bro”, which Gensler designed to warn younger generations about cryptocurrency. The “asset, security, currency, or other”, according to Gensler, “is a threat to the youth of this country, who often begin with an NFT or two, then move on to worse things like investing in Cardano.”
Critics of the messaging point out that NFTs and cryptocurrency aren’t addictive and that there are better things to warn youth about, like drugs and big banks. Still, they admit that buying an NFT could lead to buying cryptocurrency, as Gensler proclaims.
Back at Washington, phones are scrolling as Gensler addresses the distracted high schoolers. “You don’t want to end up like poor Finley Putterman,” he notes about a Hoboken teenager who bought an NFT, then crypto, and “all of a sudden was saying terrible things to his parents like ‘gm’ and ‘hodl’.”
Gensler is also taking action at home, telling his children that they aren’t allowed to buy NFTs. His children are all over the age of 30 and are currently unaware of what NFTs are.
For more mostly credible web3 news, follow @therugnews on Twitter and subscribe to our newsletter.
The RugMom Thinks It’s Nice That You Do That Computer Money Stuff
GREAT FALLS — On a recent call with your mother, the subject of what you do for a living inevitably came up. You went on to explain, for the seventh time this month, how you now audit smart contracts for flaws and vulnerabilities, earning a combination of fiat and ETH on a biweekly basis. Your mom replied, “I don’t know what any of that means, but it’s really nice how you do that computer money stuff.” Early attempts to explain your vocation to your mother go back to early 2021 when you were ...
The RugTwitter Rebrands to “X” Commemorating Drop to 10th Best Social Media Platform
SAN FRANCISCO — In a celebratory move, Twitter CEO Elon Musk changed the name of the platform to “X” commemorating its spot on a list of social media platforms. According to HootSuite, it now ranks 10th behind powerhouses such as Truth Social and Holla. Before the new list was announced Musk was planning to rebrand his social media company as “X AE, v. non-child.” Employees breathed a sigh of relief. “Pretty sure we would have immediately lost all of our users if he named us that,” said Chief...
The RugVitalik Suspected of Extraterrestrial Origins
EARTH — Conspiracy theorists have taken to Reddit this week in a wild and unfounded notion that Ethereum founder Vitalik Buterin is from a recently discovered planet located between Venus and Mercury. Redditors are calling the planet “Cryptomar.” The contention that the blockchain guru is from another planetary body is loosely based on conjecture that he “looks like an alien” and the fact that he put Earth as his location in his twitter bio.Vitalik lists twitter location as "Earth".Despite al...
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