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The weirdest, most successful cryptocurrency projects so far
In the world of crypto, the more outlandish the idea, the more potentially disruptive.
In many industries, the more outlandish ideas end up in the trash but in the world of crypto, breaking away from mainstream ideas and conventions is welcomed.
The cryptocurrency community tends to foster the weird. In many industries, the more outlandish ideas end up in the trash but in the world of crypto, breaking away from mainstream ideas and conventions is welcomed. The crypto market is also seeing a lot of activity now with more than 1600 digital coins currently on the market.
Therefore, in this world, the weirdest cryptocurrencies often manage to become extremely successful. Here, I'll look at some of the weirdest crypto projects that exploited their quirks to achieve unlikely success.
Probably the most successful weird cryptocurrency out there. Touted as "an open source peer-to-peer digital currency, favored by Shiba Inus worldwide," Dogecoin was founded as a joke in 2014. It is based on the Doge meme, a Japanese Shiba Inu dog captioned with various internal monologues. Dogecoin has been a runaway success, reaching a market cap of $1bn in January of this year.
Part of Dogecoin's success is due to its vast and vibrant community, members of which created the Dogecoin Foundation, a nonprofit organization dedicated to using Dogecoin to fund goodwill projects. In 2014, the Dogecoin Foundation raised enough to send the Jamaican bobsled team to the Winter Olympics. It also funded the development of two clean water wells in east Kenya via a Twitter campaign.
2. PotcoinComedy Central Roast Of Bruce Willis - ArrivalsLOS ANGELES, CA - JULY 14: Dennis Rodman arrives at the Comedy Central Roast Of Bruce Willis on July 14, 2018 in Los Angeles, California. (Photo by Steve Granitz/WireImage)
Potcoin was started in 2014 as a way of solving banking problems for the legal marijuana industry. The industry generally operates on cash trades in the US, due to federal drug laws regulating the banking system.
Potcoin is not the only marijuana-themed currency. However, it gained notoriety due to its sponsorship deal with basketball star and unlikely North Korean diplomat Dennis Rodman. In a PR stunt, Potcoin funded Rodman's trip to Singapore for the June 2018 summit between President Donald Trump and North Korean dictator Kim Jong-Un. Rodman was filmed walking around there wearing a Potcoin t-shirt, leading to a brief spike in Potcoin's value.
Cryptokitties are collectible digital artworks of cats. While this may seem just like a digital version of Pokemon, the launch of Cryptokitties represented a significant step forward in the development of blockchain - the ERC721 token. This was the first non-fungible token, meaning it could not be exchanged for another token of the same value. Each Cryptokitty has its own unique assets and can even be "bred" with other Cryptokitties to combine the assets from two tokens into a new one.
As humans, we have a craze for collectibles, and Cryptokitties is no exception. One Cryptokitty sold at auction for a mind-blowing $140,000. The bidder was reported to have said that the attraction lay in its number - 127. As a prime number, it holds a particular fascination for cryptography geeks. At one time, Cryptokitties trading volume was so high that the Ethereum network slowed down under the weight of transactions.
4. PutincoinRussian President Vladimir Putin recieves foreign ambassadors at the KremlinMOSCOW, RUSSIA - OCTOBER 11: (RUSSIA OUT) Russian President Vladimir Putin attends the reception for foreign ambassadors at the Grand Kremlin Palace on October 11, 2018 in Moscow, Russia. Putin received credentials from new 23 foreign ambassadors during the ceremony at the Kremlin. (Photo by Mikhail Svetlov/Getty Images)
Putincoin was developed "to pay tribute to the people and president of one of the largest and greatest countries in the world - Russia!" Although Mr Putin himself appears not to have commented on its existence, Putincoin nevertheless styles itself as a national cryptocurrency for Russia, citing the fast-growing economy as the reason it is needed.
Aside from its dedication to Russia, there is not much else that is noteworthy about Putincoin. Despite this, it has been going for more than two years at the time of writing, reaching a market cap of more than $11m at its peak.
Oral health is probably not the first industry that springs to mind as being ripe for decentralization, but the creators of Dentacoin somehow saw an opportunity. Dentacoin is the "blockchain solution for the global dental industry."Although it was initially derided by some parts of the crypto community, Dentacoin does have a community of active users, including dentists and clinics across 16 countries. In August this year, the price spiked when Dentacoin announced it had onboarded a clinic in the Bronx area of New York City for accepting Dentacoin as payment.
Only 250,000 Unobtanium coins will ever go into distribution, so the gimmick here is just that the coins are difficult to obtain. While this may seem like a flimsy premise, it appears to be working. Unlike many other cryptocurrencies, Unobtanium has seen a net increase in value over the course of 2018. At the height of the crypto boom during the end of 2017, it had a market cap of over $75m.
We have focused here on the weird cryptocurrencies that have been successful. Many haven't. Special mentions from the crypto-graveyard to Coinye, the coin that was taken down by Kanye West's legal team, and to doomed-to-fail Useless Ethereum Token, which had a USP of being, well, useless.
While the creation of digital tokens remains so accessible and unregulated, it is likely that more weird and wonderful cryptocurrencies will pop up. However, if trading cryptocurrencies becomes subject to legislation then perhaps one day we'll look back on these days of weird crypto with nostalgia.
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What is human dignity? Here's a primer, told through 200 years of great essays, lectures, and novels.
- Human dignity means that each of our lives have an unimpeachable value simply because we are human, and therefore we are deserving of a baseline level of respect.
- That baseline requires more than the absence of violence, discrimination, and authoritarianism. It means giving individuals the freedom to pursue their own happiness and purpose.
- We look at incredible writings from the last 200 years that illustrate the push for human dignity in regards to slavery, equality, communism, free speech and education.
The inherent worth of all human beings<p>Human dignity is the inherent worth of each individual human being. Recognizing human dignity means respecting human beings' special value—value that sets us apart from other animals; value that is intrinsic and cannot be lost.</p> <p>Liberalism—the broad political philosophy that organizes society around liberty, justice, and equality—is rooted in the idea of human dignity. Liberalism assumes each of our lives, plans, and preferences have some unimpeachable value, not because of any objective evaluation or contribution to a greater good, but simply because they belong to a human being. We are human, and therefore deserving of a baseline level of respect. </p> <p>Because so many of us take human dignity for granted—just a fact of our humanness—it's usually only when someone's dignity is ignored or violated that we feel compelled to talk about it. </p> <p>But human dignity means more than the absence of violence, discrimination, and authoritarianism. It means giving individuals the freedom to pursue their own happiness and purpose—a freedom that can be hampered by restrictive social institutions or the tyranny of the majority. The liberal ideal of the good society is not just peaceful but also pluralistic: It is a society in which we respect others' right to think and live differently than we do.</p>
From the 19th century to today<p>With <a href="https://books.google.com/ngrams/graph?year_start=1800&year_end=2019&content=human+dignity&corpus=26&smoothing=3&direct_url=t1%3B%2Chuman%20dignity%3B%2Cc0" target="_blank" rel="noopener noreferrer">Google Books Ngram Viewer</a>, we can chart mentions of human dignity from 1800-2019.</p><img type="lazy-image" data-runner-src="https://assets.rebelmouse.io/eyJhbGciOiJIUzI1NiIsInR5cCI6IkpXVCJ9.eyJpbWFnZSI6Imh0dHBzOi8vYXNzZXRzLnJibC5tcy8yNDg0ODU0My9vcmlnaW4ucG5nIiwiZXhwaXJlc19hdCI6MTY1MTUwMzE4MX0.bu0D_0uQuyNLyJjfRESNhu7twkJ5nxu8pQtfa1w3hZs/img.png?width=980" id="7ef38" class="rm-shortcode" data-rm-shortcode-id="9974c7bef3812fcb36858f325889e3c6" data-rm-shortcode-name="rebelmouse-image" />
American novelist, writer, playwright, poet, essayist and civil rights activist James Baldwin at his home in Saint-Paul-de-Vence, southern France, on November 6, 1979.
Credit: Ralph Gatti/AFP via Getty Images
The future of dignity<p>Around the world, people are still working toward the full and equal recognition of human dignity. Every year, new speeches and writings help us understand what dignity is—not only what it looks like when dignity is violated but also what it looks like when dignity is honored. In his posthumous essay, Congressman Lewis wrote, "When historians pick up their pens to write the story of the 21st century, let them say that it was your generation who laid down the heavy burdens of hate at last and that peace finally triumphed over violence, aggression and war."</p> <p>The more we talk about human dignity, the better we understand it. And the sooner we can make progress toward a shared vision of peace, freedom, and mutual respect for all. </p>
Scientists find that bursts of gamma rays may exceed the speed of light and cause time-reversibility.
- Astrophysicists propose that gamma-ray bursts may exceed the speed of light.
- The superluminal jets may also be responsible for time-reversibility.
- The finding doesn't go against Einstein's theory because this effect happens in the jet medium not a vacuum.
Jet bursting out of a blazar. Black-hole-powered galaxies called blazars are the most common sources detected by NASA's Fermi Gamma-ray Space Telescope.
Cosmic death beams: Understanding gamma ray bursts<div class="rm-shortcode" data-media_id="cu2knVEk" data-player_id="FvQKszTI" data-rm-shortcode-id="c6cfd20fdf31c82cb206ade8ce21ba3f"> <div id="botr_cu2knVEk_FvQKszTI_div" class="jwplayer-media" data-jwplayer-video-src="https://content.jwplatform.com/players/cu2knVEk-FvQKszTI.js"> <img src="https://cdn.jwplayer.com/thumbs/cu2knVEk-1920.jpg" class="jwplayer-media-preview" /> </div> <script src="https://content.jwplatform.com/players/cu2knVEk-FvQKszTI.js"></script> </div>
Researchers dramatically improve the accuracy of a number that connects fundamental forces.
- A team of physicists carried out experiments to determine the precise value of the fine-structure constant.
- This pure number describes the strength of the electromagnetic forces between elementary particles.
- The scientists improved the accuracy of this measurement by 2.5 times.
The process for measuring the fine-structure constant involved a beam of light from a laser that caused an atom to recoil. The red and blue colors indicate the light wave's peaks and troughs, respectively.
Scientists at Washington University are patenting a new electrolyzer designed for frigid Martian water.
- Mars explorers will need more oxygen and hydrogen than they can carry to the Red Planet.
- Martian water may be able to provide these elements, but it is extremely salty water.
- The new method can pull oxygen and hydrogen for breathing and fuel from Martian brine.