F95 crypto currency

[atrebor68]

Bros of F95,
why not create a Crypto currency by F95 ?
We are a lot of people, where are assets to create and mining, we can pay authors with "our" crypto.
If we all will invest some money and time I think in a year we will have our own currency.
Bad idea ?

 

[Erloriel]

Sounds cool, but I have no idea if it is workable. And also may be very open to corruption/abuse of the idea. If someone works up a concept, then discussion may be possible.

 

[AutumnBomb]

fuckin awful idea lol

 

[Dir.Fred]

The world does not need another coin. Any existing coin would work fine for everything you suggest.

 

[naoc]

FreeFred ..yes, but they've already spoken out against adopting any crypto..
..but I guess you already know.. Considering you've already opened a thread about that..

 

[claus001]

What currency needs is credibility, and a pirate porn forum currency is as fake as it can get, there is a reason why all other coins are called shitcoins. Just use bitcoin, El Salvador already adopted it and Max Keiser predicted the price will hit 210k$ at the end of 2021. I bought my first bitcoins in late 2018, you can calculate yourself was that a good deal or not.

 

[Dir.Fred]

FreeFred ..yes, but they've already spoken out against adopting any crypto..
..but I guess you already know.. Considering you've already opened a thread about that..

Actually I started the other thread first - then saw this. FWIW I wasn't actually talking about F95 accepting crypto, but content producers themselves. The crypto situation makes way too much sense for them - hence my confusion.

 

[nokure88]

God no

 

[Networmin]

Creating a cryptocurrency for the F95 community sounds like an interesting idea! It could potentially provide a unique way to support authors and enhance the community's engagement.
If you're curious about exploring the world of cryptocurrencies and staying updated on the latest crypto projects, including

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, it's a great way to discover emerging opportunities and trends.
Keep in mind that launching a cryptocurrency involves technical and regulatory complexities, so it's essential to research and plan thoroughly. Your enthusiasm and creativity can lead to exciting possibilities for the F95 community!

 

[Kamishirov]

Won't this devalue DogeCoin? I'm out!

 

[Squark ⚧❤️]

This is by far one of the dumbest ideas I've ever subjected my brain to reading.

 

[M$hot]

If you're going to necro a post (looking at you Networmin), could you make it one worth reading? The only worthwhile cryptos are stablecoins which are pegged to real world currencies. And if you're going to use something pegged to the dollar, idk, why not just use the dollar? Can't imagine a dev is happy to get paid in crypto when its value can be double or half month over month. But if we pay them in actual money, they can always turn it into crypto if they so desire.

This is the whole 'why buy me a giftcard when cash exists?' thing in a new jacket.

 

[TheBlueBathrobe]

Bruh do we really need to monetize ppl just trying to wack it to hgames? I'm so sick of ppl trying to make everything a source of revenue. No we do not need a scam coin for F95, if whales pullout and crash it guess who's rep goes down the toilet. Not the pl that make the coin, but the site its pinned to. Last thing I want is normies scrutinizing this place even more. Thankfully that doesn't seem to be an issue but could you imagine the amount of flak there would be if that happened. Ppl out there shilling a coin for basically an HGAME PIRATE WEBSITE. No need to entice glowies coming here even more.

p.s; for a community this small its not likley to be stable and more likley to just be a rug pull on a community that seems gullible enough to buy into it. All cryptos are scams no matter how much effort is put into them. They are not assets, they are not tangible. They exist as a means to acquire assets and don't even serve that purpose well, especially when compared to the dollar. Its a currency for suckers who want to sell to even biggger suckers and now that its being tracked more than ever, its garaunteed to fail. Hell you'd make more money shorting it than actually taking a long term investment plan seriously.

For legal reasons I will say that this is not financial advice.

tldr;
No, get that libertarian capitalist bs out of here and just donate to the devs like a normal person. Now I'd like to jerk off without economic pressures looming over one of my favorite sites.

 

[Chronosedry]

The idea of creating a cryptocurrency for the F95 community definitely caught my attention. It's exciting to think about how it could bring us all closer together and provide new ways to support our favorite authors. However, diving into the world of crypto can be pretty daunting, especially when it comes to managing the currency and ensuring its stability. Maybe we could start by exploring other options like

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to achieve similar goals while minimizing the risks involved. It's all about finding the right balance between innovation and practicality, don't you think?

 

[tuvrelm11]

Creating a new crypto is a very dumb idea. Like others have said already, here's plenty out there already. What's really needed the most is credibility and trust.

A more feasible idea is to adapt already existing and trusted cryptos, like Bitcoin or Monero. The more they get adapted by the community, the more artists will be freed up from the shackles of Patreon, and credit card company's idiotic puritanism. But even now cryptos are at best a weird curiosity on the interned, rather than a real payment option in the eyes of the general community and passing by normies.

 

[KuClover]

Argh matey, what does a pirate need coomer coin for, argh.

 

[tuvrelm11]

A pirate doesn't. A dev does. Being able to bypass payment processor's and government's inane and insane restrictions would be a huge deal. And so is anonymity. "So, mr game dev, what do yo do for this paycheck here?" "Oh, I draw and model loli bestiality preggo vore scat." Doesn't sound all that great on a resume, does it?

 

[Mr. Cofman]

What is the point in replacing imaginable paper currency into imaginable virtual currency?
Paper has no value, it's a government bank who paints them and gives them value. Same with crypto currency.
Even if now it may look like a good and unrestricted alternative, it will only be temporary, as government will make so much rules that there will be no difference at all in the end.
People are so silly...

*sigh*

 

[Dir.Fred]

But it's not the same with all crypto currencies; that's very much the point. You're right that governments can print money. That's why it can lose value.

Only a fixed, predictable algorithm can 'print' bitcoin, for example, and that's limited to 21 million units. No more, no less. Ever.

That's what got people excited - everything else is printable. Crypto currencies like Bitcoin have re-invented the most precious of lost commodities: scarcity.

If the blockchain that the currency is based on is truly decentralised, has a long history and a lot of network support, it's arguably a safer bet than most national currencies, including the venerable USD.

Nobody can just print more bitcoin but governments can always issue more paper notes.

Not trying to convert anyone; you do you. IANAFA etc.

I just wanted to try and explain what I think is a pretty crucial distinction and the primary reason for the seemingly inexorable value growth of fixed-supply currencies relative to dynamic-supply ones.

 

[tuvrelm11]

I think the whole comparing crypto to real money, government printing shit and long term economy speculations - talk is completely moot. The main point here is bypassing restrictions and staying anonymous. For devs and consumers. Having that extra option along with existing ones would be nice.

The few people who would use it obviously won't hold up this industry, but that's not their job.

As for governments cracking down on crypto? Who knows. But I don't think a whopping $100k traded globally in crypto for hentai games would be on any agencies top priority list. They have quite a few bigger fish to fry.