Cthulhu Offerings is a cryptocurrency that was created in the name of the great Cthulhu. The goal if its worshippers is to bring the monster back from the ground of the Ocean.
“Dark Lord, I praise thee. Please bestow many riches upon thy head, and thy offerings will ever flow to thee.” – A quote taken from the Bitcointalk forum. Topic: Offerings to Cthulhu.
For the uninitiated among you: Cthulhu is a giant sea monster from another dimension. He sleeps under the Pacific Ocean and awaits release by his loyal cultists.
The story goes back to H.P. Lovecraft’s “The Call of Cthulhu,” first published in 1928. He describes Cthulhu as “a monster of vaguely anthropoid outline, but with an octopus-like head whose face was a mass of feelers, a scaly, rubbery-looking body, prodigious claws on hind and fore feet, and long, narrow wings behind.”
In other words, Cthulhu looks like a mix of an octopus, a dragon and a human caricature, hundreds of meters tall, with webbed human-looking arms and legs and a pair of rudimentary wings on its back.
The currency of Cthulhu’s loyal followers
What does all of this have to do with cryptocurrencies, you may ask. Well, nothing, or everything, if you ask Cthulhu’s loyal worshippers.
Cthulhu Offerings (OFF) – maybe the most confusing and probably also the most creepy cryptocurrency yet – was launched in September 2013. “The time draws near, the return of The Great Old One is upon us,” writes OFF’s developer Adam McKinney. “Join us in our ritual.”
Since then it has grown slowly but steadily and has reached a circulation of 2,624,319 OFF, according to Coinmarketcap. One OFF is only worth $0.004084, meaning the total market cap is just $10,721.
The basis for OFF is Quark, which is one of the many permutations of the Bitcoin protocol. Like with Bitcoin, users can run the OFF client to create more coins. When half of all coins are generated, the algorithm will adjust the difficulty of mining and slow down the pace of the coin release.
Mining OFF coins is not called mining; it is called the “ritual.” Coins are also not called coins but “offerings” or “blessings,” users refer to themselves as “cultists” and the mining is done via “sacrifices.” If you want to be part of Cthulhu’s worshippers, you need to learn the slang first.
Because Cthulhu deserves a way for people to waste electricity in his name
The final goal of OFF is to bring Cthulhu back to earth. During the last five days – the ‘Tharanak shagg,’ or “promise of dreamland” – the ritual reaches the final pitch and the daily blocks are highly increased.
Finally, Cthulhu will return after the xxx665th offering has paid tribute to the Great Old One and he will bestow a bounty deserving of Him upon one lucky worshiper.
That’s the Cthulhu story, but what can you do with it other than bringing sacrifice to Cthulhu?
Nothing! But developer McKinney – or Blazr2 on Bitcointalk – explains it in his own words, “Offerings was released near the equinox and designed to fit into the Cthulhu/Illuminati mythos. Its rewards are designed like a ritual, and it’s fairly rare as far as altcoins go. “
He adds, “It was not released to make money or even to be profitable—it was released because Cthulhu deserves a way for people to waste electricity in his name.”