In one more one of many many stop-the-world-I-want-to-get-off moments the final 12 months has thrown at humankind, Kiss bassist Gene Simmons has introduced himself because the god of cryptocurrency Dogecoin.
For the uninitiated, cryptocurrencies are digital property that exist outdoors the management of central banking techniques. Protected by cryptography, they’re meant to be safe, and resistant to each counterfeiting and Authorities interference. Probably the most well-known instance is Bitcoin, which launched in 2008, and whose market worth has grown from $0.30 per coin in 2011 to over $40,000 per coin this week.
Dogecoin is a newer instance, launched in 2013 as a joke cryptocurrency by two programmers who meant it to parody the hundreds of currencies that had sprung up in Bitcoin’s wake. It was named after “Doge”, the slang time period for “canine” popularised on microblogging web site Tumblr, the place it was typically used to accompany humorous footage of the Japanese Shiba Inu breed.
Different cryptocurrencies embody PotCoin, designed for the authorized hashish business and promoted by former basketball star Dennis Rodman, Trumpcoin, which guarantees to “assist patriots world wide”, and Mooncoin, whose restricted provide relies upon the common distance from the Earth to the moon.
The place have been we? Oh yeah, Gene Simmons.
The God of Thunder has hitched his wagon to Dogecoin, becoming a member of fellow traders Snoop Dogg and Tesla founder Elon Musk in taking to social media to advertise the foreign money, whose value was despatched hovering final month by the identical Reddit customers liable for the GameSpot debacle. He additionally posted an image of himself with the caption “God of Dogecoin.”
In an interview with bitcoin.com, Simmons stated, “I don’t imagine for a second that most individuals perceive what cryptocurrency is, what it’s designed to do, however it’s instant and also you don’t must cope with banks – I like that.”
If that is all too complicated, welcome to the membership. Simply be suggested that the worth of your investments can go up in addition to down, and solely make investments what you possibly can afford to lose.
In different Gene Simmons information, the bassist has revived his “rock is useless” idea but once more, blaming its obvious demise on “younger followers.”
“The culprits are the younger followers,” Simmons told New York’s Q104.3 radio last week. “You killed the factor that you simply love. As a result of as quickly as streaming got here in, you took away an opportunity for the brand new nice bands who’re there within the shadows, who can’t give up their day job ’trigger you possibly can’t make a dime placing your music on the market, as a result of once you obtain stuff, it’s one-hundredth or one-thousandth of 1 penny.”
“And so that you’ve gotta have thousands and thousands to thousands and thousands, and even billions of downloads earlier than you can also make a number of grand. And the followers have killed that factor. So the enterprise is useless.”