{"id":43381,"date":"2024-12-16T12:37:56","date_gmt":"2024-12-16T12:37:56","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/creator-of-original-fartcoin-wakes-up-to-400000-in-thank-you-money\/"},"modified":"2024-12-16T12:37:56","modified_gmt":"2024-12-16T12:37:56","slug":"creator-of-original-fartcoin-wakes-up-to-400000-in-thank-you-money","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/creator-of-original-fartcoin-wakes-up-to-400000-in-thank-you-money\/","title":{"rendered":"Creator of Original Fartcoin Wakes Up to $400,000 in “Thank You” Money"},"content":{"rendered":"

(Originally posted on : Crypto News – iGaming.org )<\/b>
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Imagine waking up one morning to find $400,000 in your crypto wallet. That\u2019s exactly what happened to former Google engineer Neel Rao recently.<\/p>\n

Neel is the creator of the original Fartcoin, also known as FART (Flatulence and Respect Token), a memecoin that started as a humorous experiment. Back in January of 2018, Neel created FART as a personal project to learn Solidity, the programming language used for Ethereum smart contracts. The concept was absurdly funny yet simple: before FART, a \u201cfart\u201d (or flatulence) was entirely centralized to the person who created it. As the old saying goes, \u201cHe who smelt it, dealt it.\u201d<\/em> But Neel had a vision: by using Ethereum\u2019s GAS fees, he declared that farting could be decentralized forever.<\/strong><\/p>\n

After its creation, FART remained dormant, locked in an Ethereum contract, and largely forgotten.<\/p>\n

Fast forward almost 7 years to December 2024, and a new memecoin, also called Fartcoin, is suddenly trending among mainstream crypto traders with a market cap of $868 million. Enter crypto archaeologist \u201cgoatishduck,\u201d who, after some research, discovered that this popular Fartcoin wasn\u2019t the first of its name. Even more surprising, the new Fartcoin seems to have been developed by AI<\/strong>. In his analysis, \u201cgoatishduck\u201d declared, \u201cThe original Fartcoin is superior to its contemporary counterpart,\u201d<\/em> and claims it isn\u2019t even close.<\/p>\n

Respecting the legacy of the original FART, a group of passionate crypto enthusiasts began buying it<\/strong>. Soon after, they created a liquidity pool on decentralized exchange<\/a>, allowing FART to be traded for the first time.<\/p>\n

As trading picked up, Neel, unknowingly at first, started benefiting from the activity. The trades generated roughly $400,000 worth of Ethereum for him, even though he didn\u2019t hold any FART himself. That\u2019s a pretty generous \u201cthank you\u201d for something he created almost seven years ago!<\/p>\n

How Did Neel Earn $400,000?<\/h2>\n

The Ethereum smart contract for FART works in a straightforward way: if someone sends 1 ETH to the coin\u2019s address, the contract automatically sends back 10,000 FART. Because Neel created the coin, he holds the private keys to its contract.<\/p>\n

In practice, when someone sends ETH to the coin\u2019s address, they receive FART, and the ETH is stored in the contract. Neel can withdraw this ETH later. What\u2019s fascinating is how Neel discovered his unexpected windfall. It was a post on X that alerted him to check his Ethereum address, revealing over 100 ETH waiting for him.<\/p>\n

Instead of cashing out and walking away, Neel decided to revive his project. He launched a Discord channel to gather community input on FART\u2019s future and pledged to restore the original FART website.<\/strong><\/p>\n

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One enthusiastic Discord user quickly confirmed FART\u2019s superiority over the new Fartcoin, humorously pointing out, \u201cIt\u2019s also unclear how this coin exists on Solana, considering GAS only exists on Ethereum. We have true FART here, it\u2019s coded actually\u201d<\/em><\/figcaption><\/figure>\n

Man vs. Machine in the Crypto World<\/h2>\n

The story doesn\u2019t end there. The new AI-created Fartcoin has started a broader discussions in the crypto space. While some mainstream traders are simply looking for quick profits, the \u201cOG\u201d FART community\u2014affectionately calling themselves \u201cold farts\u201d\u2014has turned the situation into a debate about man versus machine<\/strong>.<\/p>\n

It\u2019s certainly impressive that an AI could create a successful memecoin, but it raises questions. Why didn\u2019t the AI recognize that a Fartcoin already existed? Was this an accidental oversight, or a deliberate attempt to copy?<\/p>\n

So, what\u2019s your preference?<\/strong> On one side, there\u2019s the AI-created Fartcoin, drawing attention for its technology and market hype. On the other, we have the original FART, crafted by a passionate programmer and supported by an energetic and dedicated community that values creativity and humor.<\/p>\n

Additional information<\/u><\/strong><\/h2>\n

FART (2018)<\/strong><\/h3>\n

Fartcoin (2014)<\/h3>\n<\/p><\/div>\n

Source link <\/a>
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<\/p>\n","protected":false},"excerpt":{"rendered":"

(Originally posted on : Crypto News – iGaming.org ) Imagine waking up one morning to find $400,000 in your crypto wallet. That\u2019s exactly what happened to former Google engineer Neel Rao recently. Neel is the creator of the original Fartcoin, also known as FART (Flatulence and Respect Token), a memecoin that started as a humorous […]<\/p>\n","protected":false},"author":5,"featured_media":43382,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[34],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/43381"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=43381"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/43381\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/43382"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=43381"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=43381"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=43381"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}