NutSpam – The Anarchist Token Experiment 1. Introduction NutSpam is a deliberately provocative concept designed to push the principles of Cashu (anonymous ecash-based tokens) to the extreme. It serves to highlight both the strengths and weaknesses of the system, particularly in the context of spam, time preference, and economic behavior. In short: Each “NutSpam” is a 21-satoshi Cashu token posted in a group chat. Nobody knows whether it's already been redeemed. Everyone must check individually — it might be real money. It's a memetic game with real economic consequences. 2. Technical Framework Token Format: Standard Cashu token, base64-encoded or as a QR code, easily postable as plain text in chat apps (e.g., Telegram, Signal, Matrix). Value: Exactly 21 sats per token. Property: Each token can be redeemed only once. After that, it becomes worthless. Verification: Only possible through local redemption or checking via a wallet backend. 3. Purpose and Effects The experiment tests: a) Human greed (everyone wants to grab those 21 sats) b) Time preference (is it worth checking?) c) Scalability (how many checks at what spam level?) d) Collective coordination vs. individual opportunism 4. Scenario: 50-Person Chat Group Setup: Each day, 100 NutSpam tokens are posted in the group. Each token holds exactly 21 sats (~€0.02 at 100k BTC). Some tokens may already be redeemed, some not. Every token could be real — so everyone feels the urge to check. 5. Opportunity Cost Analysis Assumptions: Group size: 50 people Daily NutSpam: 100 tokens → 100 × 21 = 2,100 sats/day Average tokens checked per person: 20 Time per check: ~5 seconds Valued labor: €30/hour = ~€0.0083/second Individual Daily Cost: Time spent: 20 × 5 = 100 seconds (~1.67 minutes) Value of time: 100 × €0.0083 ≈ €0.83 Expected return: Fair distribution = 100 tokens / 50 people = 2 potential tokens/person Realistically (first come, first serve): ~0.5 to 1 token/day/person Monetary value: ~€0.01 to €0.02 ➡ Net loss per user/day: ~€0.80 Total Group Cost (Per Day): Total time spent: 50 × 100 seconds = 5,000 seconds = 1.39 hours Labor cost: 1.39 h × €30 = €41.70 Actual value distributed: 2,100 sats ≈ €2 Net loss: ~€40/day 6. Analysis & Reflection A. Incentive Structure Everyone checks, because they might be the first to redeem. Collective inefficiency: All 50 users check the same tokens — but only one can win. Nash Equilibrium: If you don't check, you get nothing. So everyone checks — and everyone loses time. B. Psychological Triggers Skin in the game: Even for 1 cent, nobody wants to miss the “real” token. FOMO (Fear of Missing Out): Exploits cognitive biases effectively. Cognitive looping: People spend more time verifying than the value justifies — similar to lotteries or shitcoins. 7. Conclusion NutSpam is an economic thought experiment that illustrates: Hyper-individualism (everyone acts independently) Opportunity costs in an information economy Memetic power of "minimal value" in a world of digital scarcity While the financial damage is minimal (~€2/day), the collective opportunity costs expose deep truths about coordination, trust, and the nature of spam. 8. Memetic Summary “NutSpam is like Schrödinger’s Bitcoin: You only know if you’re rich or wasted your time after you open it.” Now find out if you get the price after reeding through me Nutspam :-) cashuBo2FteBlodHRwczovL21pbnQubG5zZXJ2ZXIuY29tYXVjc2F0YXSBomFpSAD59u1g5wv4YXCDpGFhEGFzeEA4NzIxMTY2OTY5NmMzNjMzMDQ2MWExNDU1NGQ5YmUyMjU2Nzk2MjU5Yzk0MzdhNjE3ZWU1MDhiNmZmZjI0MjhmYWNYIQK_PhdPcsL2a-_XVxcOyI_ewkdukzp9d-fed1sx9YXDaWFko2FlWCDoNPHC4lwIVvILtN19SGv_wEhpe9Q7Y1bgwgov_zWJUGFzWCCjN36HFKNvwJUUxufofxYESma2wbWEL9xsR7JSyu3gMmFyWCBIzmusg_-xMPx8ZqNHswpZ7WzKKOTq9ODKjHmcUgM9oaRhYQRhc3hAODk4MWFiMGEwNDMzZTI1YWExZmM0MTk0ZmUxZGNjZTE3OWFmNTI2YjkyMGJjN2JiNTQ0ZGE3MzJmZDAyNjJiZGFjWCECefvXAGR4TUoRniZKx7HSsrZLHlBlJfQqMs2EUct0VYFhZKNhZVgg1cnfe2oz-dd3NliFEHdLDyHm93WF1nuEMBMQY-HVkIFhc1ggT23P7LpRWpvL4hys4EkZo_Sa8FWLnbCWjIKskgjY52xhclggP_pH1-0NX7urvlbFrlwXbnt8ON2oTvMW4L1zJouTEwqkYWEBYXN4QDcwMzc0YWQ5NzVmZTIxMjNmYjNiMzc0YWNmMmVjMzM4ZThhMmUzNGY5MThiNDgyMjdhYWZmODUxYWU1NWY5MDdhY1ghAsckmshaUoVekvTKjUsi3hgV7D7igsehs1rhZI5H-ELPYWSjYWVYIC3R-V2IW_Jl2lvhbEwG5xPgHFpWMu2mCW-Euy7Dj6MVYXNYIBECXGQNnSAh3VoD4wYlX4rsGznG47z7guBsdutmZVDYYXJYIJyLmZ4_Glcvo8HQYZ7BjpySBfx5y55WRDEZC7z7Dldw