It was only a matter of time

[ha_banos]

Jasmycoin 😆😝https://coinmarketcap.com/currencies/jasmy/

 

 

 

Ok it's not his. But only a matter of time I'm sure! 

[99call]

[yuppie]

Guys like this give the industry/asset class such a bad name. What does this coin "do"? What does it enable? How is it anything other than a speculative gamble?

Blockchain technology has the potential for so much more utility and value outside of these celebrity hype tokens.

Just using cigars as an example:

- Create NFTs (Maybe ERC-155) which are essentially "tickets" in either raffles or to be claimed 1:1 for a box/bundle of various cigars.
- Create NFTs (ERC-721) to represent digital authentication for a box of cigars, which are linked 1-to-1 to prove authenticity and provenance.
- Accept payment in Bitcoin or Ethereum for cigars.
- ERC-721's could also grant access to websites, discord servers, events, subscription services, etc.

People that launch tokens bearing their name while offering 0 incentives or utility are nothing but grifters.

If you're interested in Bitcoin, check out these folks:
- Michael Saylor
- Robert Breedlove
- Nic Carter
- Andreas Antonopoulos

These guys have a proven track record of focusing on the technology, the philosophy and the truth of financial assets, while hardly ever mentioning the price of these things.

[Wookie]

I’m wary of every type of crypto. Where is the underlying store of value? The USD is backed up by a $30 trillion economy and huge tax receipts. 

[99call]

Bitcoin bros being offended by how silly and transparent other bitcoin bros coins are, and in turn how silly it makes them appear.  It's...thoroughly delicious.   

Somebody needs to start 'Irony coin'.

[yuppie]

3 hours ago, Wookie said:

I’m wary of every type of crypto. Where is the underlying store of value? The USD is backed up by a $30 trillion economy and huge tax receipts. 

You're right to be wary and I would suggest only focusing on Bitcoin to start with. Anything I write here isn't going to convince you by itself. Everyone must do their own research to cultivate their own understanding. One thing I can say is: Energy. If you're interested, there is a lot of great information I can point you toward, such as Michael Saylor's keynote speech at the 2024 Bitcoin Conference in Nashville, where many other prominent figures also spoke. The original whitepaper, along with the source code, is freely available online: https://bitcoin.org/bitcoin.pdf

 

2 hours ago, 99call said:

Bitcoin bros being offended by how silly and transparent other bitcoin bros coins are, and in turn how silly it makes them appear.  It's...thoroughly delicious.   

Somebody needs to start 'Irony coin'.

Jasmy may or may not be a "Bitcoin bro", but launching your own coin for pure speculation doesn't really follow the broader Bitcoin ethos, so I'd arguing this act isn't very Bitcoin-bro of him.

[El Presidente]

1 hour ago, yuppie said:

. If you're interested, there is a lot of great information I can point you toward, such as Michael Saylor's keynote speech at the 2024 Bitcoin Conference in Nashville,

In full disclosure, Michal Saylor and his Microstrategy "fund" has been compared by respected industry commentators/analysts  to a Ponzi scheme. 

Michael Saylor denies this. 

[99call]

1 hour ago, yuppie said:

Jasmy may or may not be a "Bitcoin bro", but launching your own coin for pure speculation doesn't really follow the broader Bitcoin ethos, so I'd arguing this act isn't very Bitcoin-bro of him.

For people like me (right or wrong) see crypto as a gaggle of conmen and criminals endlessly trying to legitimise their wares. So it's simply me finding it amusing that, established bitcoin peeps, are getting animated and embarrassed by some other people doing the same thing, but in just a more craven and simplistic way. 

It's like a chocolate teapot salesmen getting angry that the tartan paint salesman is allowed to peddle his wares. 

[yuppie]

38 minutes ago, El Presidente said:

In full disclosure, Michal Saylor and his Microstrategy "fund" has been compared by respected insustry commentators/analysts  to a Ponzi scheme. 

Michael Saylor denies this. 

MicroStrategy was quite a successful software business before they started storing their stockpiles of cash in Bitcoin. Once they started issuing shares in order to purchase more and more Bitcoin, it sort of became something else. A Ponzi scheme is an investment fraud that pays existing investors with funds collected from new investors -- Sounds like the American housing market to me, or the Bond market, etc.

$MSTR started purchasing Bitcoin in August of 2020:

For now, their strategy is working. How it will play out in the next 10-15 years is anyone's guess, but this has little to do with Bitcoin itself as a tool, as a technology. It does however seem to be a great store of value for corporations sitting on excess cash. $MSTR is not the only publicly traded company holding BTC, they're just the most well known due to Saylor.

 

34 minutes ago, 99call said:

For people like me (right or wrong) see crypto as a gaggle of conmen and criminals endlessly trying to legitimise their wares.   So it's simply me finding it amusing that, established bitcoin peeps, are getting animated and embarrassed by some other people doing the same thing, but in just a more craven and simplistic way. 

It's like a chocolate teapot salesmen getting angry that the tartan paint salesman is allowed to peddle his wares. 

I can understand your point of view but Jasmy coin is wildly different from Bitcoin. The only thing the two have in common is their both built on Blockchain technology. It's like saying the spam email sent to you is no different from your bank statement being sent over email, because they both used SMTP protocol to traverse the internet.

[yuppie]

10 hours ago, ha_banos said:

Jasmycoin 😆😝https://coinmarketcap.com/currencies/jasmy/

Ok it's not his. But only a matter of time I'm sure! 

Aha, so it's not actually his coin at all, just holds a similar name lol

[ha_banos]

9 minutes ago, yuppie said:

Aha, so it's not actually his coin at all, just holds a similar name lol

That's what I said at the end of the post. Weeds out the readers from the skimmers!

[amberleaf]

11 hours ago, yuppie said:

Jasmy may or may not be a "Bitcoin bro", but launching your own coin for pure speculation doesn't really follow the broader Bitcoin ethos, so I'd arguing this act isn't very Bitcoin-bro of him.

I think my IQ went down several points after watching this.

Oh, and a reminder, Saylor was convicted by the SEC a number of years ago for fraudulently reporting financial results. I'm shocked that a con artist like him would be involved in Bitcoin.

 

[yuppie]

8 hours ago, amberleaf said:

I think my IQ went down several points after watching this.

Oh, and a reminder, Saylor was convicted by the SEC a number of years ago for fraudulently reporting financial results. I'm shocked that a con artist like him would be involved in Bitcoin.

Not really surprised that a bunch of people that don't have any Bitcoin don't like it 🤷‍♂️

But it's okay though, you're invested in the next best thing: Cubans!

[Habanoschris]

20 hours ago, ha_banos said:

Jasmycoin 😆

I knew this was fake right away. It would be called Coinfucious naturally, not Jasmycoin.

[benfica_77]

I'll wait and invest in Fuzz coins @Fuzz

[Habanoschris]

[yuppie]

Mark Cuban?? lol

[zeedubbya]

@yuppie as I’m sure you are aware, you’re wasting your energy, but I applaud your efforts. Not that there’s anything wrong with people's opinions on the subject but for your consideration—

I am deep into this, and can say without reservation there WILL be a world of tokenization. Decentralized finance is coming, for sure. In what form, no one really knows yet. If you think it’s just a fun little game criminals and IT guys play, just take a brief look into this situation discussed here. Jasmycoin has an $800 MILLION USD market cap. That’s $800,000,0000 USD, with about 92,000 holders. There’s 50B tokens in circulation and the largest holders have between 18M-86M in tokens. The people (or groups) who hold these tokens are ridiculously wealthy. People really should start learning about these things—it is definitely a thing to be taken seriously. There’s MANY, MANY examples of this all around the world. We are in the “The Internet is a Passing Fad” phase of Web3 and DeFi. Get educated on the subject and your mind will be blown to bits. 

Want to know who’s paying $12,000 for a box of Espy GR? People who hold $20M in Jasmycoin. Insanity right? Only if you believe it’s nothing. Take a look for yourself.  

[yuppie]

4 hours ago, zeedubbya said:

@yuppie 

as I’m sure you are aware, you’re wasting your energy, but I applaud your efforts. Not that there’s anything wrong with people's opinions on the subject but for your consideration—

I am deep into this, and can say without reservation there WILL be a world of tokenization. Decentralized finance is coming, for sure. In what form, no one really knows yet. If you think it’s just a fun little game criminals and IT guys play, just take a brief look into this situation discussed here.

Thanks ZW! I'm very deep into this as well and have been for the past decade. I am one of the "IT" guys you mentioned and it has enriched my life. I've learned more about traditional finance, The Fed, the deficit than I ever would have without becoming interested in emerging financial and blockchain technologies. And you're right, this has allowed me the resources to delve headfirst into the world of cigars, luckily. 😄

I'd like to spread more awareness and point to talks, essays, podcasts from people I've been enlightened by.

I'm here for the cigars, but thought I'd take a detour into a topic I'm quite passionate about. As always, I'm happy to chat as I'm eager to learn and even to teach on various subjects.

[El Presidente]

6 hours ago, yuppie said:

Not really surprised that a bunch of people that don't have any Bitcoin don't like it 🤷‍♂️

Whoaaa!!!! 

I believe Bitcoin is a solid store of "value". 

What is hasn't proven to be is the transactional item/standard ala readily acceptable purchase of goods mechanism first purported. That is OK, early days. 

I would take Bitcoin in a flash if it were ever truely liquid from a point of sale perspective. That day may come and I hope it does. 

[ha_banos]

2 hours ago, El Presidente said:

Whoaaa!!!! 

I believe Bitcoin is a solid store of "value". 

What is hasn't proven to be is the transactional item/standard ala readily acceptable purchase of goods mechanism first purported. That is OK, early days. 

I would take Bitcoin in a flash if it were ever truely liquid from a point of sale perspective. That day may come and I hope it does. 

I'm not sure I understand how BTC can ever evolve into cash/payment replacement at global scale. The incentives for miners change significantly at 21M. Transaction costs at scale. The blocks are too slow. We've got to this stage in adoption to fast? 

I need to understand the various layer 2s better. And let's not forget the ETH. The original paper title does intend on replacing P2P payments though. Not necessarily BTC to replace 'cash' transactions. So maybe not shop purchases and micro payments. Too slow. Not everyone will have quantum computers by then 🤣

And don't worry about QC. They'll challenge ALL Cryptography. Not just Blockchain tech 😁 Your banks should be on it already! Maybe at this time only the physical gold under your mattress holds. Everything else is then insecure..... 😘

I'm getting to old for this...

[yuppie]

8 hours ago, El Presidente said:

Whoaaa!!!! 

I believe Bitcoin is a solid store of "value". 

What is hasn't proven to be is the transactional item/standard ala readily acceptable purchase of goods mechanism first purported. That is OK, early days. 

I would take Bitcoin in a flash if it were ever truely liquid from a point of sale perspective. That day may come and I hope it does. 

https://lightning.network/

6 hours ago, ha_banos said:

I'm not sure I understand how BTC can ever evolve into cash/payment replacement at global scale. The incentives for miners change significantly at 21M. Transaction costs at scale. The blocks are too slow. We've got to this stage in adoption to fast? 

I need to understand the various layer 2s better. And let's not forget the ETH. The original paper title does intend on replacing P2P payments though. Not necessarily BTC to replace 'cash' transactions. So maybe not shop purchases and micro payments. Too slow. Not everyone will have quantum computers by then 🤣

And don't worry about QC. They'll challenge ALL Cryptography. Not just Blockchain tech 😁 Your banks should be on it already! Maybe at this time only the physical gold under your mattress holds. Everything else is then insecure..... 😘

I'm getting to old for this...

https://bitcoinmagazine.com/news/steak-n-shake-now-accepting-bitcoin-via-lightning-network-across-u-s-locations

It is very early days indeed. Remember how much trouble it used to be just to get access to the internet? Don't pick up the phone while your modem is crying out.

One of the main disappointments I have with Bitcoin is that it's reached a $2T market cap and I still can't buy a coffee with it. The lightning network has it's issues, but I think they will be solved eventually. Now, today, USDC on Ethereum seems to be a solid choice for PoS payments. Mastercard is working on this: https://www.mastercard.com/news/press/2025/may/mastercard-and-moonpay-team-up-to-mainstream-stablecoin-payments/

[Ford2112]

Bitcoin shmitcoin...

[ShaazK]

https://bitcoinmagazine.com/news/steak-n-shake-now-accepting-bitcoin-via-lightning-network-across-u-s-locations
It is very early days indeed. Remember how much trouble it used to be just to get access to the internet? Don't pick up the phone while your modem is crying out.
One of the main disappointments I have with Bitcoin is that it's reached a $2T market cap and I still can't buy a coffee with it. The lightning network has it's issues, but I think they will be solved eventually. Now, today, USDC on Ethereum seems to be a solid choice for PoS payments. Mastercard is working on this: https://www.mastercard.com/news/press/2025/may/mastercard-and-moonpay-team-up-to-mainstream-stablecoin-payments/

Naah mate. No disappointment in not being able to buy coffee with Bitcoin. Can you buy a coffee with a sliver of gold? Nope.

That’s what stablecoins are for. LN was the OG, but since Mastercard, Stripe and just about every scheme, processor and some levels of Govt are getting very very deep into stablecoin use and infra, it’s inevitable.


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