Err, no

Guardian, money and numbers, never a happy combination:

I don’t know what that means. In 2014, 50 Cent released an album called Animal Ambition, and he allowed fans to purchase it using cryptocurrency.

I have never heard of this album. Don’t worry, nor has anyone. The rapper made only 700 bitcoin from the scheme.

That isn’t a lot. Well, it wasn’t. But he apparently forgot to do anything with those 700 bitcoin, and now they have a value of almost $8m (£5.6m).

That’s stupid. I don’t even know how money works any more. What makes it stranger is that 50 Cent filed for bankruptcy in 2015.

Wait, he was broke? Well, at the time, he did Instagram himself sitting next to the word “BROKE” spelled out in piles of $100 bills, so who am I to argue?

But now he is rich again? This is apparently how 50 Cent operates. Before his bankruptcy, he reportedly made $100m when Vitamin Water – one of his early investments – was sold to Coca-Cola. But then he lost all his money. And now he is rich again, all because he forgot about a cryptocurrency that is in the grip of an unsustainable paroxysm of hyperinflation.

Not really sure that something which rises in value is in the grip of inflation. Well, yes, inflates in value, guess so, but usually not used in reference to money, rather the opposite.

4 thoughts on “Err, no”

  1. A protege of Eminem, 50 cent had prospects and good skills although a bit old fashioned on subject matter. I’m pleased he had a go at business with his money made, and it can of course go wrong.

    He just needs to record more music and he’s back. That’s the massive benefit of being incredibly famous in the arts. Not sure how economics quantifies that benefit. Anyone?

  2. So Much For Subtlety

    Is this article arguing that perhaps Gentlemen of the African American persuasion are not quite a good with their money and adding up as middle class White British journalists think is the norm?

    I do believe it is. Also:

    This is the rapper who got famous from rhyming “party” with “Bacardi”, right?

    He is laughing at Ebonics! If Trump said that there would be rioting on Pennsylvania Avenue. Incidentally, I don’t suppose everyone here is familiar with the work of Curtis Jackson the Third, but that song, In Da Club, while a monument to the danger of doing drugs while your brain is still developing, is actually not too bad:

    Go, go, go, go, go, go
    Go, shorty
    It’s your birthday
    We gon’ party like it’s your birthday
    We gon’ sip Bacardi like it’s your birthday
    And you know we don’t give a fuck it’s not your birthday!

    You can find me in the club, bottle full of bub
    Look, mami, I got the X, if you into takin’ drugs
    I’m into havin’ sex, I ain’t into makin’ love
    So come give me a hug, if you into getting rubbed

    When I pull out up front, you see the Benz on dubs
    When I roll 20 deep, it’s 20 knives in the club
    Niggas heard I fuck with Dre, now they wanna show me love
    When you sell like Eminem, and the hoes they wanna fuck
    But, homie, ain’t nothing change hoes down, G’s up
    I see Xzibit in the Cut, that nigga roll that weed up
    If you watch how I move, you’ll mistake me for a playa or pimp
    Been hit wit’ a few shells, but I don’t walk wit’ a limp (I’m ight)
    In the hood, in L.A, they saying “50 you hot”
    They like me, I want them to love me like they love ‘Pac
    But holla, in New York them niggas’ll tell ya I’m loco
    And the plan is to put the rap game in a choke hold
    I’m full of focused man, my money on my mind
    I got a mill out the deal and I’m still on the grind
    Now shorty said she feeling my style, she feeling my flow
    Her girlfriend wanna get bi and they ready to go

    But I guess Mr Jackson was not as “full of focused” as he thought.

  3. Philip Scott Thomas

    He is laughing at Ebonics!

    No. He’s laughing at a standard American pronunciation. Some Americans tend to voice medial T’s. So, for instance, ‘rider’ and ‘writer’ are homophones. ‘Butter’ and ‘udder’ rhyme. And yes, ‘party’ and ‘Bacardi’ also rhyme.

  4. I don’t even know how money works any more.

    An example he would understand better is his pater’s London house being nineteen times the value he bought it for.

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