Headlines of 2017

Burger King launches WhopperCoin crypto-cash in Russia

That is from the BBC, sprightly throughout, via Stuart Harty.

Comments

The ultimate democratization (and thus aesthetic debasement) of cryptocurrencies.
Cryptobourgeoisis everywhere lament.

But ultimately, is this really any different from a rewards program?

Good comment, in light of yesterday's reading assignment. I was gonna say jump the shark.

Cryptocurrencies have reached premium mediocre. (Similar to peak mediocre, but better.)

Introducing "Premium Pivot". https://news.slashdot.org/story/17/08/29/195237/in-our-cynical-age-no-one-fails-anymore----everybody-pivots

"""especially the case in Silicon Valley, where pivoting has become the new failure, a concept to describe a haphazard, practically madcap form of iterative development. ... And like any act of public relations, pivoting is also a performance. A key part of the act is acknowledging that you are doing it while trying to recast the effort as something larger, more sophisticated, highly planned. The pivot, though it arises from desperation, is nevertheless supposed to appear methodical. ... There's a promise of technocratic efficiency with pivoting, that all you require is a good business plan, and perhaps another injection of venture capital, and you can transform yourself overnight."""

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I don't know that doesn't count as a double to me.

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Best covert CIA operation since pussyriot.

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Unlike Bitcoin, it's actually backed by something real.

Bitcoin is backed by the labor people are willing to exchange for a bitcoin :^)

Please refer to recursive redundancy. Good sentences certainly exist, but a tradition of passivity and conformism restricts their use. It is a professional deformation. https://fsgworkinprogress.com/2012/04/jonathan-franzen-comma-then/

If you have an equal sign for one word, then you'd better not end the equation with the same word.

Backing labor exchange, the proverbial English noun problem.

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Use "coin" as prefix or suffix to use to gain consumer attention.

This is 2017 and today may be peak "coin".

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To teach grammar or not to teach grammar that is the question. Whether tis nobler to induce a system or to prove its mettle. That is one question.

He faced a panther on the beach. His countenance hidden, he cowered alongside a stake fence. Under a tawny sky.

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He found Helga sipping from bowl. She flashed her buckteeth. If not a razor, he'd at least muster a shave. She didn't have a razor, but she poured him some soup.

--you look hungry
--it has been a while
--since when?
--since I've eaten I suppose

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Headlines 08/29/17: "What a crowd. What a turnout.”

the steward causeway

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A loyalty card by another name to sound cool.

I'll trade you 200 Whpper coins for 5 Starbucks card punches and 100 Delta Skymiles.

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Bubble.

When the CBOE offers futures in Bitcoin in Q4, I'm going to short it with 20% of my net worth.

And I'm really going to short it, not tweet about it like all the people pretending Trump is a disaster.

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I'd rather go to Russia and buy a burger and get free WhopperCoin instead of buying Bitcoin for $4000.

$4700 now. Your short is gonna be sweet if it works.

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As an investment vehicle to gain wealth via currency appreciation, sounds like a real whopper that will tax the resources of any Economist's Big Mac index. And where is Rich Burger in this thread?

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The article doesn't say what, exactly, the blockchain does to improve functionality. It does seem that WhopperCoins can be freely exchanged, bought or sold but then Burger King could simply introduce a loyalty program with no restrictions on selling or transferring points to other customers.

The blockchain is the latest fad to have caught on with MBAs and marketing people who don't quite understand what it is and what its strengths and weaknesses are.

The complete transaction follows in the blockchain, no need for a separate centralized database to keep current is the main attraction of it I think.

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Will Burger King be exclusively mining and issuing these coins with purchases? Or will miners be able to "print" their own coins that are redeemable for burgers through mining?

If Burger King is the sole issuer, wont they have to manage all the computing power to mine the coins? This sounds costly. However, if they are the only issuer of these coins, and stand ready to redeem them for burgers, this may be more similar to actual money than bitcoin.

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It’s not exactly hard to say about Crypto Currencies becoming headline of the year! It is unlikely to stop there, it’s going to continue gaining more and more levels in future! I personally like to do trading which I consider better and more rewarding. It’s easier with broker like OctaFX, as they have fantastic educational guide along with having demo contests like cTrader and Champion and several other benefits, so all this works perfectly and allows one to gain big time!

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