Yup, a Fyre Fest NFT.

March 17th: Korea jailing for crypto? Ja Rule NFT is BAD.

By Dahveed | Noncense | 17 Mar 2021


South Korea is introducing a law where you have to report every single crypto transaction or risk going to jail for 5 years. This sucks for South Koreans but North Koreans are rushing to make a crypto transaction to get this 5-year luxury vacation. 

 

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MintGreen just raised a seed round. The Canadian company uses clean-sourced energy to mine bitcoin and recycles the excess heat to a sea salt factory and a whiskey one. So if you’ve been feeling salty about bitcoin mining’s environmental impact, have a drink and STFU, eh.

 

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Rapper Ja Rule is auctioning off an NFT of a logo of the infamous Fyre Festival that he co-founded and which was an epic fail. The auction starts at $600k because, to quote Ja Rule “Rich morons will buy anything if it’s expensive enough.”


Ja Rule NFT

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A Dutch libertarian politician posted an ad with laser eyes and “Bitcoin is the future” after asking his ad manager: “What’s the most obvious libertarian cliche we can use?”

Dutch laser eyes

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A UK watchdog, ASA, banned an ad where an elderly woman says “Today there is no point keeping [money] in the bank – the interest rates are insulting […] That is why when I received my pension, I put a third of it into gold, a third of it into silver and the remainder into Bitcoin…” The  ASA claims that the ad was “socially irresponsible” because (and this is their real quote): “it suggested that purchasing bitcoin was a good or secure way to invest one’s savings or pension.” So to recap, a bank account with a return lower than inflation is socially responsible. Brexit is socially responsible. But an allocation split between two “safe haven” assets and an asset that went from $5k to $60k in less than a year is socially irresponsible? Even the most famous grandma in England has her pension in gold (and is probably HODLing Bitcoin).

 

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That's it for today? Which one was the funniest? (and which wasn't? I can take it, I won't cry... much.)

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Dahveed
Dahveed

Crypto copywriter and investor. Publisher of Noncense - crypto news with a punchline. Far too obsessed with NFTs, especially city-builder game types.


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