Confessions of the Peercoin Inventor: How I Accidentally Created a Grandpa Coin and Watched DeFi Turn Into a Casino
GM, fellow degenerates.
Yes, it’s me — the actual inventor of Peercoin. The original Proof-of-Stake prophet. The guy who thought he was inventing the future of money… and instead built the financial equivalent of a composting toilet: efficient, green, and completely ignored.
Let me take you back…
2012: When Men Were Men and Exchanges Were PHP Scripts
Back then, crypto was a lawless wasteland. No TikTok traders, no Solana shillers, no meme coins named after aquatic mammals. Just pure chaos.
We had BTC-e, the exchange run by a guy named “Willy” who probably coded the matching engine in Notepad while laundering money for 15 different Eastern European crime rings. People traded Peercoin there — not because they understood it, but because it sounded like Bitcoin’s polite cousin.
Then Mt. Gox exploded, and I thought, “Wow, maybe Peercoin will rise as the responsible alternative.”
Spoiler: it did not.
Instead, people rushed to Dogecoin — a literal joke — and it got a Super Bowl commercial.
2014–2017: The Era of ICO Yoga Gurus
Fast forward a few years, and suddenly every whitepaper was written by a guy wearing a linen shirt saying “we’re decentralizing human consciousness.”
Ethereum shows up, does smart contracts, and I’m like “Cool, Peercoin had scripts too.”
Everyone else: “Shut up, grandpa.”
Then the ICO boom hits. Everyone with a laptop and a buzzword made $50 million in ETH. Peercoin? Still there, sipping chamomile tea, giving you 1% annual interest like a 1950s savings account.
Meanwhile, Bitconnect is literally a pyramid scheme screaming “HEEELLOOO BITCONNEEECCTTTT!” and people treat it like a revolutionary protocol.
At this point, I realized humanity didn’t want sound money. They wanted a carnival.
2018–2020: When the Smartest Guys in the Room Were Just Really Bad at Math
Enter 3AC, Celsius, and all the other “financial geniuses” who decided leverage and trustless crypto lending could totally coexist.
I watched them build billion-dollar hedge funds on spreadsheets that couldn’t survive a 5% drawdown.
Peercoin meanwhile? Still minting. Still boring. Still existing.
No collapses, no bailouts, no Bahamas penthouse orgies with SBF feeding Caroline fried tofu while trading on autopilot.
People said Peercoin was “dead.”
Bro, if being alive means losing customer funds on Twitter Spaces while explaining “risk management,” I’ll take death.
2021–2022: The Age of Infinite Yield and Zero Brains
DeFi summer.
People staking coins for 12,000% APY while pretending to understand the term “impermanent loss.”
Projects printing new governance tokens faster than the Fed prints dollars.
Me? I tried to explain Peercoin’s humble 1% reward schedule.
The crowd laughed.
“1%? Bro, I get that hourly on Wonderland!”
Six months later: Wonderland rug-pulled. Celsius melted down. Terra’s “algorithmic stablecoin” algorithmically disappeared.
Peercoin? Still there. Quiet. Honest. A monk in a disco.
2023–2025: Proof-of-Stake… But With Buzzwords
Fast forward to now. Everyone’s pretending to have invented Proof-of-Stake. Ethereum moved to PoS, Solana calls it “superfast PoS,” and restaking protocols are selling “yield on your yield.”
Meanwhile, I’m over here screaming, “HELLO?! I invented this 13 years ago with a whitepaper and a dream!”
Nobody cares.
Instead, people are locking tokens in “staking derivatives” that look suspiciously like 2017 ICO ponzis with extra steps.
Cobie’s out there writing essays titled ‘The Death of Staking’ while I’m like — bruh, Peercoin was staking before staking was cool.
Final Thoughts from a Washed-Up OG
Sometimes I wonder what would’ve happened if I’d just named it DogPeer and put a meme on it. Probably would’ve been top 10.
But nah — I made something ethical. Sustainable. Economically sound.
And crypto rewarded me by funneling billions into monkey JPEGs and vaporware L1s that implode faster than a Celsius withdrawal queue.
Still… I’m proud.
Because Peercoin works.
It’s not sexy. It doesn’t have an airdrop or airdrop farmers or a Discord cult promising “soon.”
It just… exists. Like Bitcoin’s chill older brother who quit trading to meditate.
So go ahead, mock Peercoin.
Call it outdated. Call it grandpa money.
But remember — while the rest of crypto’s been rekt, rugged, and regulation-banned, Peercoin just keeps minting its modest little blocks.
We walked so SBF could sprint, trip, and face 110 years in prison.
Stay humble. Stay staked.
— The Inventor of Peercoin
(Former Innovator, Current Meme, Eternal HODLer)
