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←Map
ВTON· Navi
ΖἭΔΕВΩ
Chapters
  1. 1PROLOGUE: NEITHER HEAVEN NOR UNDERWORLDRetrospective · 2018–2024
  2. 2CANTO I: THE EXILED BROTHERSOrigins · 2013–2018
  3. 3CANTO II: VKONTAKTE: THE FIRST KINGDOMRetrospective · 2013–2020
  4. 4CANTO III: THE FALL OF THE FIRST KINGDOMRetrospective · 2013–2014
  5. 5CANTO IV: TELEGRAM: THE FORTRESS OF PRIVACY2013
  6. 6CANTO V: THE GRAM THAT NEVER WAS2019
  7. 7CANTO VI: THE DEATH OF GRAM, THE RESURRECTION OF TON2020-2021
  8. 8CANTO VII: MINI-APPS: THE RESURRECTION OF MERCHANTS2022–2024
  9. 9CANTO VIII: RESISTANCE AND REPRESSION: THE RETURN OF PERUN2024
  10. 10CANTO IX: THE INFINITE SHARDING PARADIGM2023-2024
  11. 11CANTO X: THE SACRED GEOMETRY OF CRYPTOGRAPHYReflection · 2024
  12. 12CANTO XI: THE MERCHANT GOD MEETS THE CENSORS2024
  13. 13CANTO XII: NOTCOIN AND THE RESURRECTION OF SMALL COMMERCEReflection · 2024
  14. 14CANTO XIII: THE COSMIC PANTHEONReflection · 2024
  15. 15EPILOGUE: THE INTERTWINED WORLDReflection · 2024
В
Navi
The Underworld
15 chapters
Chapter 13 of 15≈ 2 min read
В
Reflection · 2024

CANTO XII: NOTCOIN AND THE RESURRECTION OF SMALL COMMERCE

Notcoin and similar games create a new paradigm for how billions engage with blockchain and cryptocurrency.

Notcoin is not what economists would consider real economics. You tap a button. You get a coin. You can sell the coin for real money. It is gambling, arguably. It is a Ponzi scheme, arguably. It is absurd, indisputably. And it has attracted twenty million users to the blockchain in less than a year.

The genius of Notcoin is that it does what no amount of education, no amount of explanation, no amount of YouTube videos about blockchain could accomplish: it makes cryptocurrency real and accessible to ordinary people. It is not a lecture. It is not a technology. It is a game, and games are how humans learn. You do not understand blockchain by reading about it; you understand it by participating in it, and Notcoin makes participation as easy as playing a simple game on your phone.

Behind the absurdity of Notcoin is a profound truth: the barrier between people and economic participation is not technical. It is psychological. People do not participate in the economy because they believe the economy is something complicated that other people (economists, bankers, government officials) manage. Notcoin breaks this belief by proving that you can participate, that your participation matters, that you can earn and trade without asking anyone's permission.

Toncoin served uses such as fees and consensus participation. Telegram’s audience offered distribution potential, not a count of billions of blockchain users. Economic value depended on demand, supply and risk; Veles saw potential in real usage without confusing reach with demonstrated adoption.

This is the true resurrection of Veles, not in the grand narrative of technological revolution, but in the small acts of twenty million ordinary people who just wanted to play a game and accidentally became part of a revolution. The merchant god does not announce himself. He simply appears in games and marketplaces. And when he is present, the rules change.

В
Tap a button. Earn a coin. You are now a participant in the revolution.
Notcoin
← Previous chapterCANTO XI: THE MERCHANT GOD MEETS THE CENSORSNext chapter →CANTO XIII: THE COSMIC PANTHEONReflection · 2024