Cryptocurrencies Banned By The SEC13 Feb 2021 11:30
Excerpts from link at the bottom:
GenghisCoin: Distributed by proof-of-research; instead of using a random cryptography problem for proof-of-work, the Genghis protocol makes users solve a specific useful problem. In this case, the particular useful problem is mining competing cryptocurrencies with fewer users than GenghisCoin. Once GenghisCoin has mined enough of a competitor, it launches a 51% attack and redistributes the competing coin to its own users in proportion to how many GenghisCoins they have.
Banned because: one time someone used it to buy marijuana
Umanity: Computers keep taking our jobs; what if we turned the tables on them? Umanity uses a revolutionary proof-of-work algorithm based on CAPTCHAs. Each node generates a few letters of a CAPTCHA, then transmits it as a bitmap to other nodes, until they arrive at a full CAPTCHA by consensus without any of them knowing the whole answer. Once a human answers the CAPTCHA, each node cryptographically signs off on its own contribution until they agree the CAPTCHA is solved and issue an Uman to the solver. Instead of guzzling electricity and contributing to climate change, mining Umanity provides steady well-paying jobs to underskilled workers.
Banned because: Courts rejected Umanity's arguments that its workers were independent contractors and made it reclassify them as employees; nobody could figure out how to decentralizedly give people paid time off and maternity leave.
BuffyCoin: Users receive BuffyCoins for slaying vampires; the more dangerous the vampire, the greater the payout. Vampire-slaying is verified through...wait for it...proof-of-stake.
Banned because: SEC controlled by vampires
https://astralcodexten.substack.com/p/list-of-fictional-cryptocurrencies
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