Like “reinventing the wheel”, but for techbros.
More precisely, it is to spend an incredible amount of money, time and mental effort to finally come to a solution that was actually figured out decades or even centuries ago.
Bonus points if you end up making yet another app using the blockchain, so that in order for you to use it, you need to put your SSN on a distributed public ledger so that it can get pwned by Russian hackers.
More precisely, it is to spend an incredible amount of money, time and mental effort to finally come to a solution that was actually figured out decades or even centuries ago.
Bonus points if you end up making yet another app using the blockchain, so that in order for you to use it, you need to put your SSN on a distributed public ledger so that it can get pwned by Russian hackers.
“Ok, pitch it.”
“Ok so like basically we get people to pool their money together into one thing and then invest that thing into Bitcoin and use the profits from that investment to pay everyone involved once a month, and then when someone dies their portion of the investment goes to the other participants.”
“…you just described a tontine.”
“A what?”
“A tontine. The thing you're describing. It's been around since the 17th century. Are you reinventing the bus again?”
“No way, man! This one's different, this one uses JIT-compiled vue.js and blockchain smart contracts to keep track of the system!”
“Brilliant. Here's a million dollars, we're gonna be rich!”
“Ok so like basically we get people to pool their money together into one thing and then invest that thing into Bitcoin and use the profits from that investment to pay everyone involved once a month, and then when someone dies their portion of the investment goes to the other participants.”
“…you just described a tontine.”
“A what?”
“A tontine. The thing you're describing. It's been around since the 17th century. Are you reinventing the bus again?”
“No way, man! This one's different, this one uses JIT-compiled vue.js and blockchain smart contracts to keep track of the system!”
“Brilliant. Here's a million dollars, we're gonna be rich!”
by tariqk November 21, 2022
Get the reinventing the busmug. Guy: Holy shit! Jim is turning Purple!
Other guy that isn't Jim: Oh God oh Fuck! Call the Wee-Woo Bus!
Other guy that isn't Jim: Oh God oh Fuck! Call the Wee-Woo Bus!
by Aggbir September 12, 2022
Get the Wee-Woo Busmug. 
by Gg kush masta November 23, 2016
Get the bus wreckmug. by Brent Monday June 13, 2011
Get the Bus Fluffmug. A san Diego bus stop is a magical place where you will either get asked for money from a homeless person or you will lose your virginity to a transgender man who will give you aids.
Genie Flenie: Hey man why are you walking with a limp? George Lloyd: I was just at a San diego bus stop you can probably guess what happend.
by dildofarts July 30, 2023
Get the San Diego bus stopmug. by Jwagssss March 3, 2019
Get the Pussy-busmug.