TrashCash is a hypothetical name for a blockchain-based reward scheme that basically incentivizes people to do any combination of three related and extremely valuable tasks:
- report waste/hazards (such as broken glass bottles on a beach; motor oil dumped behind a gas station; etc)
- analyze/verify existing reports
- respond to the object/condition by cleaning it up or otherwise materially mitigating the risk posed by that object/condition
Here are the three steps, visually:
’Twas the night before halving, and on #CryptoTwitter
Not a creature was stirring, not even @pet3rpan_ peter
The buy orders were placed on exchanges with care,
In hopes the price rebound soon would be there;
The bitcoiners nestled all snug in their beds;
While visions of citadels danced in their heads;
While Ethereans on laptops, and I at my desk,
Were doing our usual to mitigate risk,
When out on the reddits arose such a clatter,
Even bitcoiners roused to see what’s the matter,
Away to the forums they flew like a flash,
Cancelled all of their orders & sold all their BCash! …
On Black Friday 2019, the US Attorney’s Office for the Southern District of New York put out a press release announcing the arrest of a prominent Etherean — Virgil Griffith.
The Complaint raises only one charge — violation of International Emergency Economic Powers Act, 50 USC § 1705 (IEEPA). The Complaint is merely an accusation, and — by law — Griffith is presumed innocent unless and until proven guilty.
What follows is an objective analysis of the Complaint, looking at the facts most favorably to Griffith. The analysis also draws on some public record information. …
About
