What a time to be alive.
From Web3 Is Going Just Great, May 13:
A year ago, Andreessen Horowitz general partner Arianna Simpson wrote about the firm's investment into Irreverent Labs. Simpson had joined their first $5 million funding round, and Andreessen Horowitz led their $40 million Series A. The company had yet to produce any product, but successfully pitched Simpson on what she described as "some sort of chicken game".
Now, the company has announced that the project will be paused "for the indefinite future", blaming "lack of clarity" and "regulatory confusion" in the United States. The company simultaneously announced "SOL 4 Cocks", in which they will repurchase the Mecha Fight Club NFTs for 18 SOL (~$380). The NFTs had originally minted for 6.969 SOL (~$290 on mint date)....
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It's the circle of life. Here's another example from May of 2008:
Chameleons on the Pink Sheets
On April 22 I was rambling about Planktos and penny stock deals:
...A classic history would be a Vancouver "junior resource" company in 1979, after the collapse of the oil and gold markets became a solar deal in '81 , an Aloe Vera deal to the yuppies mid '80's, a biotech in '86 ("we're the next Amgen"or "A cure for AIDS"), then on to neutraceuticals or spas, Indian casinos, software, then the great "i", "e-" and ".com" gold rush. Someday I'll get around to checking if some lunatic scammer actually went with "e-iTrade.com".Also at Web3 Is Going Just Great:
The next group of parasites were the "homeland security" companies, then land deals. The "resource" scams never went away and became more prominent in 2002 after gold had moved off its $252 bear market low. We're in the Green boom (happy Earth day by the way) now, who knows what's next....
Today in EuroInvestor:
...The recently re-named Homeland Security Network, Inc. (Pink Sheets:HYSN), doing business as Global Ecology Corporation (GEC) announced today that it has received their initial order from its soil remediation project in Juarez, Mexico. The total value of the purchase orders, involving several of the partnership’s soil-based products, is $2 million with delivery to begin this June....
Malfunctioning bot costs Poo Finance token hunters $440,000
