Letter From The Editor
Dear Elaborately-Designed Persian Wool Rugs,
Clocking in the end of 2023 and what a year it has been! Bitcoin is up ~150% year over year, Ethereum ~90% and Charles Hoskinson is just upset nobody has noticed how much he's stolen yet. A game of many blockchains is emerging and hipsters are moving off Solana to seek a cooler lesser known L1. Jack Dorsey's take on Web5 is "never mind", Smart Money has already rotated in-and-out-of X-mas shitcoins, and Ledger's team has been forced by HR to take at least 2hrs of anti-phishing courses.
Plus, The Rug officially rebranded as Bankless, BINANCE allowed "temporary" money laundering of delisted tokens, and one of the world's largest bitcoin skeptic's was survived by bitcoin.
What will 2024 bring other than more audacious claims by Balaji, quality significant other time plummeting as bitcoin moons, and Brian Armstrong drinking the blood of his enemies so long as regulators permit it.
Saddle up partner, you've made it to the bull market.
The Rug | Articles
PREMIUM — Jack Dorsey on Web 5: “Never Mind”
SAN FRANCISCO — Jack Dorsey, renowned tech entrepreneur and former CEO of X ( Twitter), has officially called it quits on his much-hyped project, "Web5." The enigmatic venture had been shrouded in secrecy, sparking curiosity and speculation within...[cont. reading]
Level up to The Rug Premium and get exclusive access to this and future exclusive monthly articles, a premium member-only NFT badge, and access to a Discord channel with The Rug writers. $2/month, infinity laughs a year. The math checks out. We have a math scientist on staff.
Smart Money Already Rotating Into Xmas Shitcoins
LONDON — This November, a new buzz has emerged as astute investors are diverting their attention to an unexpected sector: Christmas shitcoins...[cont. reading]
Game Boy Crypto Wallet Paused as Team Pivots to Playing Actual Video Games
CARTRIDGE COVE — In an unexpected turn of events, crypto startup Keyp’s much-anticipated “Game Wallet”—which planned to gamify the crypto hardware wallet experience and allow users to store their Bitcoin and Ethereum on a retro, real Game Boy—has been “temporarily” placed back in the cartridge case after... [cont. reading]
Ledger Introduces "Ledger Friends"
PARIS — Ledger announces the launch of Ledger Friends—a brand new product that allows users to send their seed phrase to their two best friends... [cont. reading]
Musk Explains Zero Knowledge Proof Means Requiring No Facts
SAN FRANCISCO — Posting to the near-bankrupt ‘X’ platform he bought and still has no idea how to manage, CEO Elon Musk clarified a little-understood term. “‘Zero knowledge’ or ‘zK’ is pretty simple,” Musk began. “It means you can say whatever you want, declare it as fact, and you don’t need to... [cont. reading]
The Rug | X/Bird Headlines
CULTURE — The Rug Rebrands as Bankless
71
We are just trying to avoid any confusion.
BREAKING — Ledger Employees Must Complete 2 Hour Anti Phishing Course
This is just good HR practices.
CULTURE — Hipsters Leave Solana in Search of Lesser Known, More Contrarian L1
If you are reading this it's already too late, they've moved agian.
CULTURE — NFTs Are Coming Back Big This Holiday Season, Reports Guy With No Furniture
Btw, check out this sofa listing I have on Craig's list.
CRYPTO — Bitcoin Skeptic Survived By Bitcoin
Another sad tale of a widow left with nothing.
CULTURE — Comedian Owen Benjamin Comes Out as Bitcurious
We are all at least 10% curious.
This was tis but a small sampling of X posts over the past month. Subscribe to @therugnews on X for your nearly daily dose of the hardest hitting headlines in Web3
The Rug | Vol. III Issue 1
Still Available!
Limited 69/69 edition for the meme-worthy price of 0.0069 ETH. We are kicking off the new volume on a new platform—Manifold.xyz—but bringing the usual Rug heat, including a look at Bitcoin lost at sea, a totally different blockchain, and friends becoming securities. If we made you laugh, consider picking up a copy and supporting the publication.
The Rug Vol. III Issue 1
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