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NEWSLETTER — North Korea Adopts Stolen Bitcoin as Legal Tender

The Rug's Mostly Credible Inbox Fodder #20

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Illegal legal tender is preferred in North Korea.

Letter From The Editor

Dearest Operating Systems,

There's a twinge of fall in the air and a looming sense that the bear market just may be over but in the meantime be grateful that that NFT guy is finally talking about other things, Kathy Wood says Bitcoin is going to 100K by tomorrow, and North Korea adopted stolen bitcoin as legal tender. Despite the rigamarole, we keep shipping amidst this existential experience known as crypto-life. Why?

Because Taylor Swift X Travis Kelce launched a temporarily awesome project, Michael Saylor bought The Fed for one bitcoin, and Charles Hoskinson has been hiding the Cardano whitepaper in somebody's backyard. Friggin' Charles...

Not to mention, we are proudly introducing The Mostly Credible News Update (MCNU) complete with balderdash headlines and cinematic panache from The Rug's Allyn Bryce. And, Friend Tech is killin' it with the post what you put on Twitter anyway strategy, Bitboy started a cult, and Solana holders approved their own ETF.

To top it all off, Perchy's latest NFT featured The Rug and an article in Decrypt had @humandao thinking it was a headline from The Rug. *Dusts off shoulder*

What are you waiting for? A bull market...

Less go,


Introducing: Mostly Credible News Update

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If Stephen Colbert and John Stewart had a baby, that'd be weird. But so is The Rug's Mostly Credible News Update. Brought to you twice a month(ish) by The Rug's Allyn Bryce, with a little help from his friends. Don't miss the first MCNU which racked up 5K views on Twitter (we don't call it X).


The Rug | Articles

PREMIUM — SEC Cracks Down on USD

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WASHINGTON — SEC Gary Gensler is cracking down on the US Dollar. Gensler stated in a recent press conference that the “so-called USD” is a danger to our fiscal prosperity. Co-presenting at the event was FED chair Jerome Powell who... [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.

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Michael Saylor Makes Token Bid on Federal Reserve For 1 Bitcoin

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TYSONS CORNER — Tech mogul Michael Saylor wants to buy The Federal Reserve. Inside sources say Jerome Powell met with Saylor at his offices in Virginia last week... [cont reading]

Travis Kelce and Taylor Swift Team Up to Launch "Temporary" Shitcoin

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KANSAS CITY — Kansas City Chiefs' star Tight End, Travis Kelce, and global superstar, Taylor Swift, are taking their relationship to the next level. Their newly launched digital currency, aptly named "Temporary," is creating waves of curiosity and speculation in... [cont. reading]

Charles Hoskinson Has Been Hiding the Cardano Whitepaper in My Backyard for Years and I’m Getting Sick of it

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BOULDER — For the last seven years, Cardano founder Charles Hoskinson has been sneaking into my backyard, between midnight and 4 a.m., and hiding the Cardano whitepaper, and I’m... [cont. reading]


The Rug | Twitter Headlines

BREAKING — Say Your Prayers, Take Your Vitamins, and Hide Your Lambos—Bitboy Announces New Cult

"Donations" are currently being accepted.

MARKETS — Friend.Tech Succeeds With The Pay Me For What I Put on Twitter Strategy

Real friendship is bought, not earned.

BREAKING — Solana ETF Approved By Solana Holders

It really is that easy, folks.

POLITICS — Agency With Jurisdiction Over Securities Eager to Classify More Things As Securities

Spray and pray securities oversight ftw.

You are just not allowed to own any is all. State property and all that.

MARKETS — NFT Guy Is Finally Talking About Other Things

There's always something to talk about. At least it's changing.


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.

Picking up an NFT helps perpetuate the jokes, as well as netting you a special tag in our Discord once you verify.


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