Historical Irony: Egypt Expresses Concerns Over New Pyramid Schemes
Description
The image is a composite of two screenshots. The top part is a tweet from the user 'Barely Sociable' which reads, 'Wtf I thought Egypt liked pyramids'. Below it is a screenshot of a news headline from 'egypt today' that states, 'Egypt's central bank prohibits issuing cryptocurrencies or carrying out activities related to them'. The humor is a sophisticated pun, playing on the dual meaning of 'pyramid'. It juxtaposes Egypt, a country famous for its ancient architectural pyramids, with the modern pejorative term 'pyramid scheme,' which is frequently used by critics to describe the structure and speculative nature of many cryptocurrency projects. The tweet feigns confusion, creating a witty and ironic commentary on the perceived legitimacy and stability of the cryptocurrency market
Comments
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Egypt has 5,000 years of technical debt from their last pyramid projects; they're not about to take on a new, decentralized one with no project manager
After 45 centuries maintaining the world’s only stateful monolith that’s still up, Egypt isn’t impressed by your sharded, proof-of-greater-fool pyramid protocol
After 4,500 years of perfecting distributed architecture with redundant stone blocks, Egypt's central bank decides the blockchain's consensus mechanism isn't Byzantine fault-tolerant enough for their taste
Egypt's pyramids have 4500 years of uptime with zero rug pulls - a Lindy benchmark no L1 chain has survived a single bear market against
When you realize Egypt's central bank isn't banning the data structure with O(log n) operations, but rather the financial instruments with O(∞) promises and O(0) actual value. At least the ancient pyramids had better uptime than most crypto exchanges
Egypt's central bank just issued the ultimate breaking change: deprecated all cryptocurrencies
First compliance rule I’ve seen that bans a consensus algorithm: no PoW, no PoS, and definitely no PoNZI
Egypt bans crypto - guess they prefer pyramids with literal blocks and millennia-grade finality, not the tokenomics kind where consensus is just your referral graph
Fun fact the first country to ban Bitcoins is USA and now the most Bitcoin owner is also USA. Comment deleted
Fun fact, you can't know where bitcoins are, that's the point, it's only a point in the sky Comment deleted