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Has Bruce Wagner pulled off the biggest financial scam on the bitcoin community? UPDATE2 (A long fucking post.)
Buttcoin bold funding, bruce, fraud, Illinois, mortgage, mybitcoin, scam, scum, shithead, tod, tom, wagner, williams 44 Comments
Bruce Wagner is the host of OnlyOneTV and the organizer of the Buttcoin Conference, and he’s a bit of a character. He seems to hate women and blames them for being victims of rape. He hadvehemently advocatedmoving the buttcoin conference toPattaya, Thailand, which just so happens to be the underage prostitution capitol of the world. Hell, he’s even posted about tips on how to pickup boys for sex.
But Bruce is also a convicted scammer and con man. He’s even fled the state and still owes thousands of dollars in outstanding debts and restitution. He’s had a mortgage fraud scheme backfire on him and been estimated to have stolen over a million dollars from people losing their homes in foreclosure.
And he may have pulled off one of the mostsuccessfulscamson the buttcoin community.
The fucked up people of bitcoin and Bruce Wagner’s (predictable) thoughts on rape.
Buttcoin bitcoin, bruce wagner, fucked up, rape, thoughts 11 Comments
Bitcoin is not succeeding the way many people want, and it’s getting ugly. The bubble at $20-$30 is a long, long way from ever coming back. Whenever a rally comes up, a scam takes the price down again. Any detractors are labeled “trolls” and run off the bitcoin forums. No one has a good business model, they all have ideas but can’t implement them. A bunch of 19-year-old CS majors trying to change the world does not work out. One step forward, two steps back. The only people making money off bitcoin are the exchanges, and those are getting hacked on a weekly basis.
Many of the most vocal supporters of the bitcoin community are the most fucked up people I’ve ever seen. They have such a twisted sense of reality it’s maddening. And it’s through this twisted sense of reality that they are perpetrating the constant frauds and outright scams in the bitcoin community, and causing not just themselves, but friends and family to lose real hard earned money.
On this site I’ve restrained from going into personal opinions of specific members of the bitcoin community. Their opinions are their own and it’s not my place to judge. But as bitcoin becomes less and less of a libertarian science project, and more one long con game, I can’t stop pointing these lunatics out. So I’ll be slicing off some choice cuts for you to chew on and form your own opinions on.
Here’s one great post by non other than bitcoin supporter #1, Bruce Wagner.
For the uninitiated, Bruce Wagner is the co-owner and host of OnlyOneTV. OnlyOneTv is an online TV network, streaming many bitcoin related shows (some in Spanish!) and is by far bitcoin’s biggest cheerleader. He has organized the hilariously deflated Bitcoin conference and was one of the largest victims of the hacking of MyBitcoin, losing 25k coins personally. Through it all, Bruce marches on, flying the bitcoin banner high.
Bruce is also delusional to a point that it’s self destructive. He’s bleeding cash, he’s got a few failed ventures under his belt, and he seems to fall into every bitcoin scam run past him. With the good of his unnatural enthusiasm also comes the bad. He’s simply not right in the head. And with thoughts like this on rape, who is really surprised?
In our modern culture
The Bitcoin Conference is going on RIGHT NOW!
Buttcoin bitcoin, buttcoin, conference, live, nyc, stream 2 Comments
This is beautiful.
Watch the live stream here: http://onlyonetv.com/live-mobile-unit/
How much does bitcoin really cost? *waves hands furiously*
Buttcoin bitcoin, buttcoin, cost, electricity, gold, loss, price, profit 1 Comment
The mongoloids at Reddit are a special bunch. Here, someone with 2 brain cells to rub together decides to actually crunch the numbers on bitcoin mining.
Hmm, that’s a pretty valid argument. At what point does the electricity to run the rigs surpass the profit from coins mined. $11mil/year just in electricity costs directly contributed to bitcoins seems very high.
I’m sure the hive mind of Reddit will have a clear, concise answer for the guy. Let’s check out the top-rated comment.
Ah yes, just furiously wave your hands at the question and mention something about gold. Great job guys!
Here’s a bonus comment for you as well:
Bitcoins are not for the casual investor
Buttcoin bitcoin, buttcoin, fail, gone, invest, lost, money 0 Comment
Bitcoin August Crash Graph: How low can you go?
Buttcoin 2011, august, bitcoin, crash, done, fail, finished, graph 1 Comment
The bitcoin week in review: Panic! At the Bitcoin!
Buttcoin bitcoin, bitomat, buttcoin, crash, done, end, finished, mt. gox, tradehill 3 Comments
In case you haven’t heard, this last week has been a very busy and very eventful week for bitcoin. For some reason a regulation-free market just isn’t working out. Here’s what’s happened.
- Dwolla started spitting out money like a broken ATM. Dwolla, one of the largest USD -> Bitcoin payment processors used by Mt. Gox and Tradehill, had done chargebacks on behalf of their users against the markets. This was not supposed to be possible as bitcoin transactions cannot be reversed and therefore the users got the bitcoins AND the cash. Tradehill states they lost about 37k, but Mt. Gox denies any chargebacks, which is highly unlikely considering they are 10x bigger than tradehill. If Mt. Gox did suffer chargebacks, then would be around $1mil in the hole, making them insolvent at this point.
- MyBitcoin, the largest online “bank” for bitcoins, simply vanished from the net. They have been around for quite a while but have always seemed a little shady. Like, having a private whois on the domain and using parts of their website through the Tor network. Despite all this, a very large amount of people had their wallets in MyBitcoins, including Bruce Wagner, the owner of OnlyOneTV, producer of “The Bitcoin Show” and hosting the Bitcoin Conference who personally lost 25k bitcoins ($250k USD). Ironically, the 3 restaurants accepting bitcoins as payments also stored their wallets in MyBitcoin. The FBI was notified (lol), but the owner is believed to be living in Barbados currently but there’s no chance in hell anyone will or care to find him.
- Bitomat.pl, the largest Polish bitcoin exchange and 3rd largest exchange in existence, is run by an incompetent CIS major. He hosts the entire exchange on an Amazon EC2 server made for quick CPU calculation projects and decides against the $10/ for persistant storage. In the process of upgrading the RAM on the service, he apparently does not understand that it will restart the instance, wiping the storage portion clean and losing everyone’s wallets in an instance. Of course this exchange had no backups (which that $10/mo would have handled with multi-distributed backups). The exchange ended up losing over 17,000 BTC and is currently up for sale to pay back the people who lost their coins. As to who is going to pay $200,000 to buy an exchange with no customers, no traffic and no income is beyond me.