DitzCoin & BFDs – Lake Berryessa News

BitCoin, DitzCoin, NFTs, BFDs

The Lake Berryessa News (LBN) has entered into a partnership with the University of Lake Berryessa (ULB) to introduce series of Incredible Investment Instruments (III-pronounced aye-aye-ayes!) founded on a radical new cryptocurrency, DitzCoin, developed at ULB’s Lake Berryessa campus located deep beneath Big Island.

DitzCoin (a Little Bit o’ Bitcoin) refers to a new type a cryptocurrency designed by Professor Eduardo Ponzi of the Advanced Economics Department of the University of Lake Berryessa. While a bit more dodgy than “traditional” cryptos, i.e., with a lifetime of more than one year, which have exploded as investment options, DitzCoin is designed to appeal to the uber-risk takers seeking a new get rich quick (GRQ) scheme. GRQers practice an eclectic thought process once referred to a ditzy but now known to have created a class of millionaires trading financial instruments of no actual value.

Non-Fungible Tokens (NFTs) vs. Berryessa Future Developments (BFDs)

NFTs, or Non-Fungible Tokens, are digital tokens stored on the blockchain. They have exploded on the financial market during the last few years. Unlike cryptocurrencies where each coin is the same (there’s no reason to prefer one particular Bitcoin over another), each NFT is unique using the Blockchain as a way to prove ownership over some sort of digital file which can then be bought and sold. NFTs have typically been used to purchase art but have expanded into the “anything goes when you’re trying to make money” realm. NFTs have no intrinsic value but have created several millionaires. Types of NFTs: Collectible items/Trading cards; Artwork; Event tickets; Music and media: Big Sports Moments; Virtual Fashion; Real-world assets.

BFDs, or Berryessa Future Developments, have no intrinsic value – the same as NFTs. BFDs will be photos and stories from Lake Berryessa News of the future development of the lake resorts and community. Investors will be able to own these digital through the Blockchain, as is now the case with NFTs.

Investing in BFDs (Berryessa Future Developments) using DitzCoin is an innovative, yet risky and volatile application of decentralized finance. DeFi has skyrocketed in popularity recently thanks to further University of Lake Berryessa financial innovations such as yield farming, liquidity mining, and Ditzcoin diving. Yield farming is the practice manipulating crypto assets in order to generate high returns or rewards in the form of additional cryptocurrency.

Ditzcoin diving is equivalent to Bitcoin mining. But Ditzcoin diving occurs when a potential investor earns BFDs by scuba diving Lake Berryessa to retrieve hermetically sealed packages of DitzCoin.

The future value of BVDs is dependent on the number of Ditzoids who wish to play this game and get in on the beginning of a new financial bubble. As with the stock market, which also has no intrinsic or productive value, (See “The Stock Market Is NOT The Economy, Stupid!” at www.lakeberryessanews.com/past-stories/the-stock-market-is-not-the.html.). Investors assume all the risks and rewards. In the words of Dr. Ponzi’s relatives and mentors from the past, “What could possibly go wrong?”

********