Gambling on ship coins is like playing craps on the world's largest table. The best thing you can say about this space, shicoins in particular, is that shouting at the dice loud enough can actually move them. If gambling on ship coins becomes anything like main stream in the way that sports gambling is, i don't think it's going to be a good situation.
When the Guardian’s UK technology editor Alex Hern was contacted on Twitter to ask if he was involved in a new cryptocurrency called Tsuka, he assumed they just wanted him to buy it. He ignored the messages. But soon after Alex realised that, without knowing it, he was already involved. What happened next reveals a lot about the strange world of ‘shitcoins’ – cryptocurrencies with no reason for existence beyond buying low and selling high. Madeleine Finlay speaks to Alex Hern about his shitcoin saga, and how the lines can get blurred between a gamble and a scam. Help support our independent journalism at
theguardian.com/sciencepod