JimCoin™ : because CryptoWood™ is NOW.
January 31, 2018 10:17 PM   Subscribe

Back on Jan. 19, 2018, MeFite bondcliff went and made a blockchain, and announced it via Twitter, demonstrating how he mined his coins or blocks or what have you. After 24 hours he had over 50 investors including some Big Names. Then Amy Szczepanski came along and forked the Jimcoin™ (literal) blockchain with International Coin (with actual fork) on Github. [via mefi projects and subsequent comments]
posted by filthy light thief (55 comments total) 69 users marked this as a favorite
 
I am so glad that I was able to get in on this early. My financial future is secure.
posted by gingerbeer at 10:22 PM on January 31 [8 favorites]


This is the only blockchain I am willing to participate in. From my careful observation of Bitcoin, I understand it's now my duty to trash talk all forks and other currencies with the aim of boosting the value of my investment, but that I will also soon be taken by some kind of scam in which it will be revealed my holdings are completely worthless. Also, people will tell me to HODL for some reason. Do I have that about right?
posted by zachlipton at 10:24 PM on January 31 [13 favorites]


I live in a cold climate, and my wood stove will certainly benefit from a JimCoin investment even if the financial side of it crashes.
posted by Harald74 at 11:09 PM on January 31 [7 favorites]


Oh man that looks so cool. I feel like an idiot now for having so much of this trash.
posted by fleacircus at 11:15 PM on January 31 [18 favorites]


I'm such a (financial) loser. I read about this way back on January 20, meant to get in on the ground floor, and now I am reminded that I never did anything about it. No riches for me.
posted by LeLiLo at 11:20 PM on January 31 [11 favorites]


As an early Jimcoin investor I can’t wait to get involved with this!
posted by Artw at 11:30 PM on January 31 [1 favorite]


Proud to have secured my investment in block #55. It's got character, which is more than can be said for most of those other lesser cryptocurrencies. And I'd bet that JimCoin is gonna top the charts for stability of value. Not to mention it's got superior security, running on dedicated hardware that is completely isolated from all external networks.
posted by NMcCoy at 11:34 PM on January 31 [5 favorites]


The best part is the screw-eye bit.
posted by mikelieman at 11:34 PM on January 31 [3 favorites]


I’m hoping it’s not too late to get in on JimCoin. I have a proposal for an upgrade block if you’re game, bondcliff!
posted by darkstar at 11:42 PM on January 31 [1 favorite]


Now I wonder if there are termites in the area where this was built? I'd hate to see such a wonderful project destabilized by bugs.
posted by el io at 11:50 PM on January 31 [25 favorites]


Yeah, who's heading up QA on this? If you need one, I have Advanced level certification in FTBR1 as well as a related cert in RCM2 that could come in handy. As we all know, the feline premise behind FTBR is the latest approach to bug management. Clients have been highly satisfied with the visible improvements in blockchain stability and resultant investor confidence. Plus the felines enjoy scronching the bugs.

1: Fluffy Tummy Belly Rubs
2: Removal of Claw Marks

posted by fraula at 11:59 PM on January 31 [5 favorites]


Could I please have some JimCoin? I will do anything within reason and that includes whoopa-whoopa.
posted by Meatbomb at 12:01 AM on February 1 [3 favorites]


Careful examination of the blockchain image leads me to believe that at least one of the blocks has been hacked.
posted by Joe in Australia at 12:02 AM on February 1 [4 favorites]


I’ve wanted to make a cryptocurrency where the blockchain was tattooed on the body. SkinCoin.
posted by gucci mane at 12:32 AM on February 1 [2 favorites]


Someone create a coin based on posts to this thread.
posted by heathkit at 12:39 AM on February 1


Careful examination of the blockchain image leads me to believe that at least one of the blocks has been hacked.

It's worse than that; there's a fundamental security flaw in this blockchain's immutability.
posted by straight at 1:00 AM on February 1 [4 favorites]


When it gets cold you can always burn it. Which is more than you can say for most blockchain-based currencies.
posted by chavenet at 1:02 AM on February 1 [3 favorites]


Not only that, but I noticed a BIIIIIG problem, Bondcliff. I didn't see a licensing agreement, so that fork is a violation of intellectual property law. Protect your priceless hard work and time! Sue for all the proceeds of her forked blockchain! No judge would deny you. It's not like you are one of those patent trolls. You have actually got a 100% (wood)workable PoC!
posted by Samizdata at 3:38 AM on February 1 [2 favorites]


I don't understand anything anymore.
posted by Faint of Butt at 4:40 AM on February 1 [16 favorites]


It’s a cryptowood thang y’all wouldn’t understand.
posted by Annika Cicada at 4:42 AM on February 1 [7 favorites]


I love you goofy people so much.
posted by Sublimity at 4:52 AM on February 1 [3 favorites]


this could be good for jimcoin
posted by Huffy Puffy at 5:32 AM on February 1 [3 favorites]


Guys, your blockchain is not cash without a cryptographic signature.
posted by ardgedee at 5:37 AM on February 1


Fortunately for the fork, JimCoin was released under a very permissive license
posted by Zonker at 6:02 AM on February 1 [3 favorites]


I’m working on a concept for CryptCurrency, which will be backed by the souls of the damned. The chain in the blockchain will be made of their ectoplasmic fetters, and speculators will be added to the system in due time.

Forking, of course, will result in pitchforks.
posted by GenjiandProust at 6:21 AM on February 1 [6 favorites]


I’m working on a concept for CryptCurrency, which will be backed by the souls of the damned. The chain in the blockchain will be made of their ectoplasmic fetters, and speculators will be added to the system in due time.

This is literally the money in Wraith.
posted by curious nu at 6:24 AM on February 1 [2 favorites]


There are some really important blocks in that chain, yo'.
posted by DigDoug at 6:30 AM on February 1 [2 favorites]


I don't understand anything anymore.

I don't either, which is why I did this.

Wow. Thanks, folks. I was wondering why this was suddenly blowing up again and then I come to MeFi and see I've hit the front page. Super cool.

Some random updates:

This whole thing just started because I had a dumb idea and nothing better to do on a Friday night. By Saturday morning, with no real barrier to entry other than sending me a tweet, it had gone somewhat viral. So I spent a good chunk of Saturday and Sunday cutting wood and adding blocks to the chain. Luckily I had no real plans that weekend so it became this real fun way of interacting with people, a lot of whom I didn't know.

I auctioned off node #69 (nice) on eBay with 100% of the proceeds going to Planned Parenthood. The auction ended five days later, about four days after the joke had run its course, at $154.00. I was pretty happy and proud to have done that. Unfortunately I think it was a Redditor (this wound up on some reddit sub) and the name he requested on the node is the name of another Redditor and I'm not 100% sure it wasn't some way of harassing that person. He has yet to respond to my inquiries to clear that up so for now the block remains sold but empty.

After a busy weekend in my basement I knew I couldn't keep doing this forever, which is why I began charging for blocks. I didn't really do that to make money, I did it to kill the whole thing. I figured if someone really wanted in badly I'd let them in, but they'd pay me a bit for my time. Surprisingly, I made enough to pay for the chain and screws I bought with a little left over. I was raising and lowering the prices on the fly, based on demand.

I am so happy that people have enjoyed this and have had fun with it. It makes me proud that so many people enjoy something so goofy that I started. Unfortunately, a lot of the jokes coming my way use actual cryptocurrency and blockchain jargon and are totally lost on me. I have a very vague understanding of this stuff but for the most part I don't give two craps about it. I just did this for a goof, simply based on the compound word block-chain that I've been hearing so much about.

Node #100 is still blank. I put it up for sale at a ridiculously high price and don't expect I'll ever sell it. This is the internet, though, and the internet is really dumb sometimes, so who knows.

I think I'm up to about 112 nodes. After my attempt to kill it/slow it down, a few requests have been trickling in but not like they were. Now this morning I seem to have a bunch of new requests, including a sale or two for premium blocks. I promise I'll get around to all the new requests from MeFi. It's best if you give me an email address or (preferably) a Twitter account I can send the photo to.

I'll add more thoughts if and when I think of them. I guess I should prepare for another round of new requests.
posted by bondcliff at 6:35 AM on February 1 [30 favorites]


can I buy my boat yet?
posted by fearfulsymmetry at 7:01 AM on February 1 [1 favorite]


Careful examination of the blockchain image leads me to believe that at least one of the blocks has been hacked.

Yeah, it looks woodshopped to me. (I can tell from the pixels, and from seeing quite a few woodshops in my time.)
posted by jcreigh at 7:09 AM on February 1 [24 favorites]


I am super excited to have gotten in at the right time on this fine investment. I expect to be able to retire in luxury. Thanks bondcliff for the opportunity!
posted by Sophie1 at 7:12 AM on February 1


I am still bitterly disappointed Amy didn't go with the name Jimternational Coin.
posted by maryr at 7:23 AM on February 1 [2 favorites]


Me too!
posted by bondcliff at 7:24 AM on February 1 [1 favorite]


You know, Musk hasn't launched his car into orbit yet. There's still time to send JimCoin TO THE MOON before DogeCoin gets there.
posted by phooky at 7:24 AM on February 1 [1 favorite]


Only loosely related, but totally worth your timw: How 50 Cent Accidentally Made $8MM on Bitcoin.
posted by DirtyOldTown at 7:42 AM on February 1 [1 favorite]


I'm so glad I got in early, in a prime! (#17) position to make some sweet crypto-something.
posted by pjern at 7:42 AM on February 1 [1 favorite]


Unfortunately, a lot of the jokes coming my way use actual cryptocurrency and blockchain jargon and are totally lost on me.

I can't make cryptocurrency jargon jokes, either. I can make Aretha Franklin jokes:

But I found out
I'm just a link in your chain

posted by octobersurprise at 7:48 AM on February 1 [1 favorite]


I like how mathowie and I randomly got adjacent blocks.
posted by jessamyn at 8:09 AM on February 1 [7 favorites]


50 Cent had to forget about $400,000 of bitcoin, first.
posted by aniola at 8:12 AM on February 1 [1 favorite]


I like how mathowie and I randomly got adjacent blocks.

Right. "Randomly."
posted by Songdog at 9:06 AM on February 1 [2 favorites]


CabalCoin
posted by supermedusa at 9:16 AM on February 1 [3 favorites]


20Ɉ same as in town.
posted by maryr at 9:26 AM on February 1 [7 favorites]


I added people in the order in which they requested, so yeah it was random unless it was just a matter of one of them requesting because they saw the other had gotten on.

I had this weird idea that I didn't want to disappoint people so I added everyone who requested. I did come up with some rules for this though:

1) I only added people who specifically requested. Likes, retweets, comments and jokes were all appreciated but unless someone asked or said something as simple as "yes!" I didn't add them. In fact, just this morning someone, one of you I assume, simply tweeted their name at me. That's not a request.

2) I added people in the order in which they asked. I may have messed up a few times but I tried to be pretty good about it, since I figured if this thing took off lower numbers would be somehow special. Much like how my four-digit Metafilter user number means I'm so much better than those of you with higher numbers. In fact I'm not sure why I'm even talking to most of you*.

3) Every block got a date stamp and a number, in addition to the name. I only began doing this after someone suggested I time-stamp it.

4) Although I did prep my blocks and chain ahead of time, I didn't add a block unless I had a name to put on it. I wanted it to grow naturally.

Other than #69 and #100, All blocks were unsanded and unfinished except for one. I felt bad that I missed the request of Metafilter's Own ChuraChura so when I finally added her I used a block of flamed maple. Finishing flamed maple really brings out the grain so I dabbed some oil on it. It's purdy.

*joke
posted by bondcliff at 9:34 AM on February 1 [3 favorites]


this is obviously going to lambo-moon... how do I get in
posted by Coventry at 12:20 PM on February 1


This is great, even if I missed the initial-wood-offering. Can I still join the chain? (Also tweeted at you with the same username.)
posted by JiBB at 12:43 PM on February 1


The real question is when does the JimCoin beanivore movement start.
posted by tonycpsu at 2:58 PM on February 1


Yayyy! I'm gettin on tha chain gang!!!

Thanks so much bondcliff!!!
posted by darkstar at 3:16 PM on February 1


my God I love you people
posted by Hermione Granger at 3:38 PM on February 1


I promise I'll get everyone on who has requested but it probably won't happen until next week. I'm currently nursing a bad cold so I'll be investing in Chicken Soup Coin this weekend.
posted by bondcliff at 8:14 AM on February 2 [1 favorite]


You are teh awesome, bondcliff!


(Hope you're feeling better soon!)
posted by darkstar at 11:19 AM on February 2


Do you have a sale on now, like all the big blockchains?

(And yeah, sorry to hear that. Get well soon.)
posted by Coventry at 11:45 AM on February 2


> Huffy Puffy:
"this could be good for jimcoin"

EVERYTHING is good for JimCoin, even bad things.
posted by Samizdata at 1:46 PM on February 2 [2 favorites]


I remain confident in my Jimcoin investment even as the economy shatters around us.
posted by maryr at 3:28 PM on February 6 [3 favorites]


Jimcoin now the sole remaining currency.
posted by Artw at 3:30 PM on February 6 [3 favorites]


Omigod!!!

I’m now part of the zeitgeist!!

Thank you bondcliff - that is very cool, and extraordinarily awesome of you!
posted by darkstar at 3:52 PM on February 11 [2 favorites]


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