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 exterior the management of central banking methods. Protected by cryptography, they’re meant to be safe, and resistant to each counterfeiting and Authorities interference. Essentially 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 more moderen instance, launched in 2013 as a joke cryptocurrency by two programmers who supposed it to parody the 1000’s of currencies that had sprung up in Bitcoin’s wake.
Different currencies embody PotCoin, designed for the authorized hashish trade and promoted by former basketball star Dennis Rodman, Trumpcoin, which guarantees to “assist patriots world wide”, and Mooncoin, whose restricted provide relies upon the typical distance from the Earth to the moon.
The place had been we? Oh yeah, Gene Simmons.
The God of Thunder has hitched his wagon to Dogecoin, becoming a member of fellow buyers Snoop Dogg and Tesla founder Elon Musk in taking to social media to advertise the foreign money, whose worth was despatched hovering final month by the identical Reddit customers answerable 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 rapid and also you don’t need to take care of 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’ll be able to afford to lose.
In different Gene Simmons information, the bassist has revived his “rock is useless” idea, blaming its obvious demise on “younger folks.”
“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 stop their day job ’trigger you’ll be able to’t make a dime placing your music on the market, as a result of while you obtain stuff, it’s one-hundredth or one-thousandth of 1 penny.”
“And so that you’ve gotta have tens of millions to tens of millions, and even billions of downloads earlier than you may make a couple of grand. And the followers have killed that factor. So the enterprise is useless.”