{"id":5871,"date":"2022-06-01T11:36:52","date_gmt":"2022-06-01T09:36:52","guid":{"rendered":"http:\/\/costops.com\/index.php\/2022\/06\/01\/techscape-they-used-my-identity-to-flog-a-doomed-cryptocurrency-and-then-things-got-weird\/"},"modified":"2022-06-01T11:36:52","modified_gmt":"2022-06-01T09:36:52","slug":"techscape-they-used-my-identity-to-flog-a-doomed-cryptocurrency-and-then-things-got-weird","status":"publish","type":"post","link":"http:\/\/costops.com\/index.php\/2022\/06\/01\/techscape-they-used-my-identity-to-flog-a-doomed-cryptocurrency-and-then-things-got-weird\/","title":{"rendered":"TechScape: They used my identity to flog a doomed cryptocurrency \u2013 and then things got weird"},"content":{"rendered":"<p>In this week\u2019s newsletter: When I was sent DMs asking for advice about Tsuka, a new coin I was supposedly involved in, I could never have expected what happened next<\/p>\n<ul>\n<li><strong><a href=\"https:\/\/ablink.editorial.theguardian.com\/ss\/c\/TBl-lE0k4WbTlFRn6v-lQXxTpTslqnvUsR2ofAkC00vqkHXqakTSxrykj9mrdACFo11SPMvm9ONAti2JcHBqUgcduObToxycReEYHcTAh6nov_u_7l464yKkl5CZpPeg-CqG3ueb-8UiDZ4dOkhK_xu6BZysaGtGOA-w2_0KTqLsMBLqZrcGelEg-7T5C6DRfMSsX1Wcyrv2RlHjbzIGx0ePxMD7meIXmznkqCFxtrflV_YvxDV9cqXgzdq7c2-9qYTW0MyIMCG7p9sc7wIKCg\/3ha\/N7031ZxvS8Cv2AmB8PHP-g\/h27\/towm4HqYM1UtQe3kzAkaoAWT_zh9HyZuTvPyJCk6JeE\">Don\u2019t get TechScape delivered to your inbox? Sign up here<\/a><\/strong><\/li>\n<\/ul>\n<p>On Monday morning I woke up to a pair of odd DMs on Twitter. \u201cSir, Greetings, Do you have any information about Dejitaru Tsuka token,\u201d asked one \u201cDr. Joker\u201d; another had a similar question: \u201cYo dude what do you know about Tsuka.\u201d<\/p>\n<p>I\u2019d not heard about the cryptocurrency, and a quick scan suggested it wasn\u2019t worth my time: it was a classic \u201cshitcoin\u201d, a newly created token with no reason for existence beyond buying low and selling high.<\/p>\n<p>If the idea of shitcoins as a big multiplayer video game intrigues you, I\u2019ve just finished reading Adrian Hon\u2019s book <a href=\"https:\/\/www.basicbooks.com\/titles\/adrian-hon\/youve-been-played\/9781541600195\/#:~:text=In%20You%27ve%20Been%20Played,where%20losing%20has%20heavy%20penalties.\">You\u2019ve Been Played<\/a>, which goes into some detail on the same idea. Every major social trend takes on the characteristics of an \u201calternate reality game\u201d these days, from QAnon to Crypto, and it\u2019s having a deeply weird effect on our societal fabric.<\/p>\n<p>My shitcoin adventure was mostly Telegram-led, but Discord is probably the more important social network for the crypto space, and guess what: <a href=\"https:\/\/www.vice.com\/en_us\/article\/n7n848\/discord-is-the-worlds-most-important-financial-messenger-and-a-hotbed-for-scammers\">it\u2019s full of scammers<\/a>.<\/p>\n<p><a href=\"https:\/\/www.nytimes.com\/2022\/05\/29\/style\/do-your-own-research.html\">A deep dive into DYOR<\/a><\/p>\n<p>Remember Terra, the \u201cstablecoin\u201d that was anything but? <a href=\"https:\/\/decrypt.co\/101573\/luna-reboot-plummets-over-70-just-hours-after-debut\">It relaunched, and immediately collapsed<\/a>. Also, in case it wasn\u2019t obvious, the initial failure wasn\u2019t the outcome of a deliberate attack, but <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2022-05-27\/terra-s-woes-prompted-in-part-by-celsius-activities-nansen-says\">simply a bad idea that finally broke<\/a>. But <a href=\"https:\/\/www.wsj.com\/articles\/terrausd-crash-led-to-vanished-savings-shattered-dreams-11653649201\">it still ruined lives<\/a>.<\/p>\n<p> <a href=\"https:\/\/www.theguardian.com\/technology\/2022\/jun\/01\/cryptocurrency-tsuka-alex-hern\">Continue reading&#8230;<\/a><br \/>\n<img src=\"https:\/\/i.guim.co.uk\/img\/media\/74dc53134c6b9d65ea4ad9ff82ed713dfae82c57\/0_163_3500_2099\/master\/3500.jpg?width=140&amp;quality=85&amp;auto=format&amp;fit=max&amp;s=28db9768ca17ff3254b79c905af1a21a\" title=\"TechScape: They used my identity to flog a doomed cryptocurrency \u2013 and then things got weird\" \/>In this week\u2019s newsletter: When I was sent DMs asking for advice about Tsuka, a new coin I was supposedly involved in, I could never have expected what happened next<br \/>\nDon\u2019t get TechScape delivered to your inbox? Sign up here<br \/>\nOn Monday morning I woke up to a pair of odd DMs on Twitter. \u201cSir, Greetings, Do you have any information about Dejitaru Tsuka token,\u201d asked one \u201cDr. Joker\u201d; another had a similar question: \u201cYo dude what do you know about Tsuka.\u201d<br \/>\nI\u2019d not heard about the cryptocurrency, and a quick scan suggested it wasn\u2019t worth my time: it was a classic \u201cshitcoin\u201d, a newly created token with no reason for existence beyond buying low and selling high.<br \/>\nIf the idea of shitcoins as a big multiplayer video game intrigues you, I\u2019ve just finished reading Adrian Hon\u2019s book You\u2019ve Been Played, which goes into some detail on the same idea. Every major social trend takes on the characteristics of an \u201calternate reality game\u201d these days, from QAnon to Crypto, and it\u2019s having a deeply weird effect on our societal fabric.<br \/>\nMy shitcoin adventure was mostly Telegram-led, but Discord is probably the more important social network for the crypto space, and guess what: it\u2019s full of scammers.<br \/>\nA deep dive into DYOR<br \/>\nRemember Terra, the \u201cstablecoin\u201d that was anything but? It relaunched, and immediately collapsed. Also, in case it wasn\u2019t obvious, the initial failure wasn\u2019t the outcome of a deliberate attack, but simply a bad idea that finally broke. But it still ruined lives. Continue reading&#8230;Technology | The Guardian<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In this week\u2019s newsletter: When I was sent DMs asking for advice about Tsuka, a new coin I was supposedly involved in, I could never have expected what happened next Don\u2019t get TechScape delivered to your inbox? Sign up here On Monday morning I woke up to a pair of odd DMs on Twitter. \u201cSir, &hellip;<\/p>\n<p class=\"read-more\"> <a class=\"\" href=\"http:\/\/costops.com\/index.php\/2022\/06\/01\/techscape-they-used-my-identity-to-flog-a-doomed-cryptocurrency-and-then-things-got-weird\/\"> <span class=\"screen-reader-text\">TechScape: They used my identity to flog a doomed cryptocurrency \u2013 and then things got weird<\/span> Read More &raquo;<\/a><\/p>\n","protected":false},"author":0,"featured_media":5872,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[1],"tags":[],"_links":{"self":[{"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/posts\/5871"}],"collection":[{"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/comments?post=5871"}],"version-history":[{"count":0,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/posts\/5871\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/media\/5872"}],"wp:attachment":[{"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/media?parent=5871"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/categories?post=5871"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/tags?post=5871"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}