There were never any bitcoin tech transactions however, with everyone involved enjoying the ironic humour of the situation. But, it turns out that rare Pepe collecting online is now a serious business.
Pepe trading cards using the Counterparty platform to link them to bitcoin, in an attempt to poke fun at another online trading game called Spells of Genesis. Today, these cards can be exchanged for the equivalent of thousands of US dollars on Counterparty’s decentralised exchange. Anyone can issue their own rare Pepes, but these are then verified by the official Rare Pepe Foundation, and linked to a certain piece of the bitcoin chain via a practice known as coin colouring. Whomsoever owns that particular bitcoin key address owns the Pepe associated with it. This is in particular use in Venezuela.
Developers of a game called Rare Pepe Party that would utilise some of these cards have claimed that they are needed to keep their company afloat. Year-over-year we’ve been improving, so we’re banking big on bitcoin and now over Counterparty assets. However, bitcoin is not completely safe in the South American nation. Venezuela’s equivalent of secret police, SEBIN, have been targeting people using bitcoin and bringing them up on or extortion and bribes, especially bitcoin miners, according to the developer. I got wind of at least two mining operators getting knocks on their doors. Jack Hadfield is a student at the University of Warwick and a regular contributor to Breitbart Tech.
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Named after real faucets, bitcoin faucets dispense cryptocurrencies instead of water. Bitcoin faucets are a reward system, in the form of a website or app, that dispenses rewards in the form of a satoshi, which is a hundredth of a millionth BTC, for visitors to claim in exchange for completing a captcha or task as described by the website. The first bitcoin faucet was called The Bitcoin Faucet and was developed by Gavin Andresen in 2010. It originally gave out 5 bitcoins per person.