Tech News, Magazine & Review WordPress Theme 2017
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Trading
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Your Guest Blog
  • CRYPTO LIVEWIRE
    • Latest
    • Press Releases
    • Sponsored Posts
    • Submit Your Content
  • BEGINNERS
    • What Is Bitcoin?
    • What Is Blockchain?
    • What Does Hodl Mean?
    • How to Pay Your Bills with Bitcoin
    • Best Bitcoin FAQs
    • Example of Bitcoin’s Purpose
    • Cryptocurrency Has Multiple Meanings
    • Authenticator Alert – Securing Your Crypto
  • SUBMIT
    • Guest Blog
    • Press release
    • Sponsored post
  • EXPLORE
    • eToro
No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Trading
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Your Guest Blog
  • CRYPTO LIVEWIRE
    • Latest
    • Press Releases
    • Sponsored Posts
    • Submit Your Content
  • BEGINNERS
    • What Is Bitcoin?
    • What Is Blockchain?
    • What Does Hodl Mean?
    • How to Pay Your Bills with Bitcoin
    • Best Bitcoin FAQs
    • Example of Bitcoin’s Purpose
    • Cryptocurrency Has Multiple Meanings
    • Authenticator Alert – Securing Your Crypto
  • SUBMIT
    • Guest Blog
    • Press release
    • Sponsored post
  • EXPLORE
    • eToro
No Result
View All Result
The Daily Hodl
No Result
View All Result

‘Poop’ Crypto on Ethereum Blockchain Targets Homelessness Crisis in California

by Daily Hodl Staff
November 15, 2019
in Ethereum
‏‏‎ ‏‏‎ ‏‏‎ ‏‏‎

‎‎‎ ‏‏‎

ADVERTISEMENT

Far from the glittering image of celebrities walking the red carpet, a Los Angeles resident recently had a bucket of hot liquid diarrhea poured over her head as she was walking not too far away from the iconic Hollywood Walk of Fame. The perpetrator was a homeless man diagnosed with schizophrenia and other psychotic disorders.

Four hundred miles north in San Francisco, the home of more billionaires per capita than anywhere else in the world, the homeless population is soaring, with feces, urine, vomit, needles and mental illness sprawling across public spaces and spilling into private vestibules. In 2019, the number of people living on the streets in San Francisco and in cars and shelters is up 30% since 2017 to 9,784.

As the problem grows, so do piles of human feces.

Blockchain developer Hart Lambur says the problem is spiraling out of control. He contributed to the San Francisco poop coin project along with Daniel Que and Tyson Battistella to align the incentives of residents and city officials.

“For example, assume the city of San Francisco wants to put their money where they mouth is and fully commit to solving this. The city could issue shit coins and sell them to residents. Say the city issues $10mm shit coins at 3000 shits per month. If the city can reduce the shit rate to 1500 per month, they would make $5mm in “profits”; conversely, if shit doubles (to 6000 per month), the city would owe the shit coiners another $10mm.

ADVERTISEMENT

The purchasers of these shit coins could be speculators or residents of the city of San Francisco that are looking for an “emotional hedge.” Residents could buy these coins knowing that if the problem gets worse and their lives get shittier, they’ll at least make some money. And if the problem gets better, they lose money, but at least their city is cleaner!”

SF has a huge homeless problem, and one clear metric is the amount of human waste reported. The chart below is the 30 day rolling average of shits reported to SF311.

Current average is 3000 shits per month, up from ~1000 in 2014. This trend is totally unacceptable. pic.twitter.com/qACthhX27Q

— Hart Lambur (@hal2001) November 13, 2019

The coins, however, could potentially be gamed by bad actors.

“The biggest concern with this approach would be if some asshole bought a bunch of shit coins and then purposefully shat all over SF to drive prices up. It is possible that this shit coin could create an economic incentive for a large bag holder to promote public shitting and actually make the problem worse. (Imagine the headline: ‘Shit Coin Ruins City’).”

The SF Poop Token is based on the Ethereum network.

Homelessness and Violence Collide in Los Angeles With Attacks on the Rise

ADVERTISEMENT
Follow us on Facebook            Join us on Telegram            Follow us on Twitter


Check Latest News Headlines


ADVERTISEMENT


Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Submit a Press Release

Crypto Livewire – Press Releases

  • Student Coin Found New Ways to Use Crypto
    February 24, 2021
  • Everest Receives Crypto Custodian Approval
    February 23, 2021
  • Here’s How Traders Are Staking Crypto Assets Without the Hassle
    February 18, 2021
  • 99Bitcoins Takes Over the Dead Coins Project to Become the Cryptocurrency Undertaker
    February 17, 2021
  • Coinsbee Makes Spending Bitcoin Easy
    February 17, 2021
Submit a Guest Post
ADVERTISEMENT
Bitcoin
$51,052.00
$51,052.00
2.48%
Ethereum
$1,634.70
$1,634.70
1.9%
Binance Coin
$257.93
$257.93
0.79%
Polkadot
$34.60
$34.60
0.13%
Cardano
$1.16
$1.16
10.74%
XRP
$0.475218
$0.475218
0.22%
ADVERTISEMENT

Spotlight

  • Barstool’s Dave Portnoy Says He Refuses To ‘Scramble Like a Rat’ and Buy Bitcoin
    February 20, 2021
  • Here’s How To Avoid Getting Burned in the Altcoin Market, According to Coin Bureau
    February 24, 2021
  • Top Crypto Lawyer Says There’s a Core Problem With XRP As Ripple’s Day in Court Approaches
    February 18, 2021
  • Can Binance Coin Flip Ethereum? Analyst Nicholas Merten Examines Epic Rise of Crypto Asset BNB
    February 22, 2021

DON’T MISS A BEAT

Crypto headlines delivered daily
to your inbox
BTC, ETH, XRP news alert options

By joining The Daily Hodl news list you agree to our
Terms and Conditions and Privacy Policy.

Check your inbox for confirmation email.

Cryptocurrency news and analysis, covering Bitcoin, Ethereum, Ripple, XRP, altcoins and blockchain technology

Categories

Bitcoin • Ethereum • Trading •
Ripple and XRP • Altcoins •
Blockchain • Regulators •
Scams • Crypto101 • HodlX • Explore • Futuremash •
Crypto Livewire

ABOUT US | EDITORIAL POLICY | PRIVACY POLICY
TERMS AND CONDITIONS | CONTACT

JOIN US ON TELEGRAM

JOIN US ON TWITTER

JOIN US ON FACEBOOK

COPYRIGHT © 2017-2021 THE DAILY HODL

No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Trading
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Your Guest Blog
  • CRYPTO LIVEWIRE
    • Latest
    • Press Releases
    • Sponsored Posts
    • Submit Your Content
  • BEGINNERS
    • What Is Bitcoin?
    • What Is Blockchain?
    • What Does Hodl Mean?
    • How to Pay Your Bills with Bitcoin
    • Best Bitcoin FAQs
    • Example of Bitcoin’s Purpose
    • Cryptocurrency Has Multiple Meanings
    • Authenticator Alert – Securing Your Crypto
  • SUBMIT
    • Guest Blog
    • Press release
    • Sponsored post
  • EXPLORE
    • eToro

© 2020 The Daily Hodl

×
We use cookies to give you the best online experience possible. Continue browsing if you are happy with that, or see how to manage cookies.