Images: Shutterstock, Goatse.cx. / Composition: Jordan Pearson
When account bankrupt in August that the Goatse website—which already hosted a gross-out meme that aching abounding in the aboriginal canicule of the web—was ablution its own cryptocurrency, the acknowledgment was accepted confusion. Why did the armpit that acclimated to host an angel of a man captivation his butthole advanced accessible charge its own agenda currency? Was it… real?
Dear reader, it appears to be real. The Goatse website got a above check and now sports a admission timer to an Initial Coin Offering, or ICO, appearance the barrage of the agenda badge on the Ethereum platform. The badge will artlessly be alleged “Goatse,” according to the website, and it will be accessible to investors who appetite to buy in on Thursday, November 2. During an ICO, investors accelerate ether, Ethereum’s currency, to a acute arrangement that trades the ether for Goatse tokens.
Read More: The Aboriginal Goatse Armpit Is Ablution Its Own Cryptocurrency
The abstraction (if this isn’t all an busy joke, that is), according to the whitepaper acquaint to the Goatse site, is to financially incentivize the conception of chilly memes. The bureaucracy will assignment like this: Users column memes to the Goatse website, which applies an ID to the meme, and users again vote on which memes they like application Goatse tokens that they purchased. The architect of the acceptable meme gets a payout in Goatse tokens, and the voters additionally get a payout in the anatomy of a badge lottery, the architecture of which is not discussed in detail.
Ethereum tokens issued during an ICO accept no built-in amount until bodies buy and barter them, and a bazaar amount emerges based on how abundant association are accommodating to pay. This is acceptable to agitated bodies who appetite their investments to be “sound” and “have an absolute acumen for actuality account money.”
As for who is abaft the new-and-improved Goatse armpit and the token—that’s unclear. Addition calling themselves “GoatseNakamoto”—an credible advertence to Satoshi Nakamoto, Bitcoin’s bearding inventor—emailed me with a Goatse area abode and said they were accessible to an interview, but has been above for over a week. (If you’re out there, GoatseNakamoto, I accept some questions for you.)
This isn’t the aboriginal time that addition has attempted to amalgamate blockchains and chilly memes. The Rare Pepe Directory, for example, uses tokens issued over the Bitcoin blockchain to advance the aberration of assertive Pepe the Frog memes. The Goatse badge sets itself afar by leveraging the Goatse.cx domain’s allegorical web cachet to accord it some chilly meme pedigree.
According to the whitepaper, the aggregation abaft the Goatse badge will additionally put abreast a pot of funds for Kirk Johnson, a man doubtable of actuality the aboriginal Goatse. “Never afore has one man accustomed so abundant to so abounding but asked so little,” the whitepaper states. “Thank you Kirk.”
Given the bearding artist and about joke-y accent of the ICO, it’s apparently best to booty a wait-and-see access to this accomplished thing. Even the best Initial Coin Offerings are actual chancy investments, abnormally back abounding accept been apparent to be decumbent to simple hacks that bleed acquisitive investors of their funds.
Still, the Goatse badge already seems to accept added activity for it than some added ICO’s out there, like the FUCK token. But behindhand of how any of this goes, the reemergence of the once-shocking Goatse (now with the agnate of a beginning crew and a suit) makes it a arresting day on the internet.
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