INSUBCONTINENT EXCLUSIVE:
To paraphrase a saying popularized by countless dorm room stoners: “First they ignore you, then they laugh at you, then they fight you,
then you use the hype around decentralized crypto economies to sell bacon.” The latest example of this age-old adage comes to us from
Oscar Meyer and involves their exciting new cryp-faux-currency, Bacoin.The currency can be redeemed for bacon and you “mine” it by
sharing the good news of bacoin with your friends
Instead of taking up massive amounts of electricity, the production of the final store of value – pig parts – requires only a massive
agricultural system dedicated to the wholesale destruction of mammals that are as smart as dogs and, in the right context, quite cute
The end product, bacon, is considered by many to be far more interesting than anything Vitalik created
In short, it’s a win-win.How does it work It’s basically a sweepstakes
From the rules and regulations:The value of the Bacoin is tied to overall sharing meaning that the more people who share via the Website (as
outlined above), the higher the value of the Bacoin
If overall sharing is slow, the value of the Bacoin will decrease
If sharing is slow and the value of the Bacoin is low, Sponsor may increase value of Bacoin in its sole discretion
The current value of the Bacoin will be displayed on the Website
Once the Bacoin is at a value you want, follow the instructions to “cash out” and you will receive a coupon with the corresponding value
(all possible values of the Bacoin coupon are outlined in Section 4 below).The current value of a single mined bacoin is about 28 slices of
bacon and the more you share the more you mine
Given that it is in no way a decentralized cryptocurrency and has nothing to do with anything technical at all I’m hard pressed to find a
reason to post this here except to admire the sheer chutzpah of a company who knows exactly what breed of Reddit-loving bacon eater will
jump at a chance to Tweet about pork products
To paraphrase another saying by my friend Nicholas Deleon: I hope the asteroid they promised comes for us all soon.Bacoin