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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...
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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...
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CHARLOTTESVILLE — The holiday season can be a time for reflection and introspection, and for one young man, it has proven to be a humbling experience. David L. Sinclaire, a student at a local university, realized that when it comes to his investments in the volatile cryptocurrency market that his mother was right all along.
One year ago, when he was high on money, Mountain Dew, and alt coins, David brushed off his mother's advice to take some profits and instead doubled down on his investments in various alt coins. But as the market began a downward spiral he was left holding on to a bunch of bags that looked like alphabet soup on his CoinGecko, and for which he could not justify any real utility.
In this moment of regret, David realized that if he had listened to his mother and sold a third of his holdings, his net worth would be double its current amount. "Think of all the crypto I could buy with that, now," David noted. But no amount of thinking could bring back that bullish fervor of the peaks of the mountains - the wind in his hair, the charts beneath his feet - standing on top of the world.
"I was caught up in the hype," he admitted. "I thought numbers only go up and parents just don’t understand."
Despite his losses, David remains hopeful for the future of the cryptocurrency market and is taking his mother's advice to heart and being more cautious with his investments.
“He’s a sweet boy,” said David’s mom. “But I’m not holding my breath on his bitcoins collection. He used to be be like this with baseball cards too.”
For more mostly credible web3 news, follow @therugnews on Twitter and subscribe to our newsletter.
CHARLOTTESVILLE — The holiday season can be a time for reflection and introspection, and for one young man, it has proven to be a humbling experience. David L. Sinclaire, a student at a local university, realized that when it comes to his investments in the volatile cryptocurrency market that his mother was right all along.
One year ago, when he was high on money, Mountain Dew, and alt coins, David brushed off his mother's advice to take some profits and instead doubled down on his investments in various alt coins. But as the market began a downward spiral he was left holding on to a bunch of bags that looked like alphabet soup on his CoinGecko, and for which he could not justify any real utility.
In this moment of regret, David realized that if he had listened to his mother and sold a third of his holdings, his net worth would be double its current amount. "Think of all the crypto I could buy with that, now," David noted. But no amount of thinking could bring back that bullish fervor of the peaks of the mountains - the wind in his hair, the charts beneath his feet - standing on top of the world.
"I was caught up in the hype," he admitted. "I thought numbers only go up and parents just don’t understand."
Despite his losses, David remains hopeful for the future of the cryptocurrency market and is taking his mother's advice to heart and being more cautious with his investments.
“He’s a sweet boy,” said David’s mom. “But I’m not holding my breath on his bitcoins collection. He used to be be like this with baseball cards too.”
For more mostly credible web3 news, follow @therugnews on Twitter and subscribe to our newsletter.
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