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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...
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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NEW YORK – Dylan Linder has been an Ethereum investor since Fall of 2020. Today, he gave our reporters a vague explanation of The Merge:
“So imagine that the old Ethereum is this congested highway and the new Ethereum is this other highway that’s also going to the same place, and then when The Merge happens it’s like… wait, hang on, let me start over.”
Linder took a deep breath and then began to explain how The Merge is going to change everything:
“Well, actually, nothing is going to change, per se, it’s just going to become Ethereum 2.0 all of a sudden. And actually it won’t be suddenly; it’s probably going to take some time.”
When asked for specifics about the time, Linder shrugged and said “I think anywhere between ten minutes to two days. Give or take.” Then Linder stared into empty space before continuing his explanation:
“So Proof of Stake is where you can stake your Ethereum, and you earn interest from it. But you can’t actually spend it, or even move the Ethereum at all for like a year or something.
“Right now, minting a single NFT burns about an acre of rainforest, which sucks to be honest. But after The Merge, Ethereum is going to be carbon neutral. In fact, I think it’s actually going to become carbon negative, because of how the carbon credits are going to be on the blockchain, and something with the tokenomics of it all.
“Gas fees are going to come way down because of the Merge. Because you won't have to be, uhh, paying the miners anymore. But you do have to pay the stakers, just not as much as the miners. And the miners are going to become stakers, too.”
The Ethereum investor continued:
“The Merge is all part of the Ethereum Roadmap which Vitalik has been working on since day one. So he’s going to basically send out a signal to all the validators that, um, it’s time to go ahead with The Merge. And that’s when things get really interesting…”
(Linder did not elaborate further on this point).
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NEW YORK – Dylan Linder has been an Ethereum investor since Fall of 2020. Today, he gave our reporters a vague explanation of The Merge:
“So imagine that the old Ethereum is this congested highway and the new Ethereum is this other highway that’s also going to the same place, and then when The Merge happens it’s like… wait, hang on, let me start over.”
Linder took a deep breath and then began to explain how The Merge is going to change everything:
“Well, actually, nothing is going to change, per se, it’s just going to become Ethereum 2.0 all of a sudden. And actually it won’t be suddenly; it’s probably going to take some time.”
When asked for specifics about the time, Linder shrugged and said “I think anywhere between ten minutes to two days. Give or take.” Then Linder stared into empty space before continuing his explanation:
“So Proof of Stake is where you can stake your Ethereum, and you earn interest from it. But you can’t actually spend it, or even move the Ethereum at all for like a year or something.
“Right now, minting a single NFT burns about an acre of rainforest, which sucks to be honest. But after The Merge, Ethereum is going to be carbon neutral. In fact, I think it’s actually going to become carbon negative, because of how the carbon credits are going to be on the blockchain, and something with the tokenomics of it all.
“Gas fees are going to come way down because of the Merge. Because you won't have to be, uhh, paying the miners anymore. But you do have to pay the stakers, just not as much as the miners. And the miners are going to become stakers, too.”
The Ethereum investor continued:
“The Merge is all part of the Ethereum Roadmap which Vitalik has been working on since day one. So he’s going to basically send out a signal to all the validators that, um, it’s time to go ahead with The Merge. And that’s when things get really interesting…”
(Linder did not elaborate further on this point).
If you want more of the hardest hitting headlines and articles straight to your inbox subscribe to The Rug’s Newsletter.
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