Coinyeezy

Tales from the Crypt #42: Coinyeezy AKA Elon Moist

- Coinyeezy's entry into Bitcoin began at a 2012 college party at Purdue University through a friend's Bitcoin betting site; he immediately recognized it as an improved internet payment system compared to PayPal and credit cards. - His generalist background in rhetoric, philosophy, economics, design, and coding proved advantageous for understanding Bitcoin and cryptocurrency broadly. - Honeyminer is a permissionless mining application that allows users to earn Bitcoin by dedicating CPU and GPU resources; the software automatically selects the most profitable algorithm to mine, with a 2.5% fee on rewards for users with 2+ GPUs. - Bitcoin serves multiple functions beyond money: it can be a computational environment, a time-stamping protocol, an immutable data storage layer, and a foundation for new operating systems and applications secured by cryptography. - Altcoins and altcoin mining, while controversial, contribute positive externalities by developing human capital, introducing new algorithms and block difficulty mechanisms, and driving experimentation that improves the broader ecosystem. - Memes are a powerful communication tool and form of condensed information; they will likely become the primary medium for human communication alongside emojis and multimedia formats.