KING OF FUD! DISCLAIMER: I own .05 bitcoins.


  1. cupcake
    September 1, 2013 @ 9:17 am

    And DreamHost founder, Bitcoin investor, and Bitcon 2013 conference attendee, Josh Jones, laughs at the minion:


    • killhamster
      September 1, 2013 @ 10:10 am

      DreamHost founder doesn’t seem to be working at DreamHost anymore, so I don’t see why he’s relevant. He holds, what, a %17 stake in the company at this point? Good for him, and good luck to him with his butt-ventures.


      • cupcake
        September 1, 2013 @ 12:25 pm

        That’s still 17% more than the minion from marketing. I don’t know how much more ironic it could get: there is a good reason why Brett is a minion in marketing and Josh Jones is a successful entrepreneur. The results speak for themselves.


        • Archturiat Baumann
          September 4, 2013 @ 1:07 pm

          And yet, he’s been “lobbying” a company he owns 17% of to accept Bitcoin for two years.

          When one of your shareholders can’t make a legitimate business plan for why you should do something, those results speak for themselves indeed.


          • cupcake
            September 6, 2013 @ 6:54 am

            Or, if one of your shareholders starts a competing business with you which does accept bitcoins, then the results speak for themselves too. Frankly, the divide on bitcoin is quite sharp, thus the existence of this website. So yah, the results do speak for themselves. Bitcoin keeps growing, acceptance keeps increasing and even large companies like eBay/PayPal are starting to consider it.

          • Archturiat Baumann
            September 7, 2013 @ 8:05 am

            Yep. It does speak for itself.

            Do any have anywhere near the size of Dreamhosts’ customer base? Do they accept ONLY Bitcoin? Do they pay their peering and transit provider in Bitcoin (hint: they don’t)?

            Using Bitcoin as arcade tokens is digital wank, and that’s all eBay/PayPal/any serious business is ever going to use Bitcoin for. That’s the point Bitcoin wankers like you don’t get. It’s Flooz, except the overhead has been shifted from the currency creator to the suckers walking in the door.

            If you want to keep turning your hard-earned local currency (you know, that stuff that can buy real food, fuel, property, and stuff) into arcade tokens so you can play in your little wank arcade, far be it from me to stop you. Hey, some people buy lottery tickets and there’s winners there.

            Oddly enough, however, Powerball pays in US currency, not Buttcoins.

          • cupcake
            September 8, 2013 @ 8:53 pm

            Frankly, your argument is quite moot: whether or not Bitcoin has 100% acceptance is COMPLETELY irrelevant at this stage. 4 years ago nobody accepted Bitcoin, now it’s being used by millions of people across the world.

            Bitcoin (or at least a derivative of it) is here to stay simply because it has found a way around the traditional banking system. People have a way to bypass the system and that’s beyond invaluable. They can do cash to BTC and vice-versa without ever hitting the bank and all that can be done from any point in the world which has internet connectivity.

            Finally, if you think that your view of Bitcoin’s future is so accurate, then why don’t you put your money where your mouth is? You are outright going to make a lot of money if Bitcoin does in fact go sour! Exactly why wouldn’t you bet against it if you’re so sure of yourself?

          • Archturiat Baumann
            September 20, 2013 @ 6:03 pm

            Ah, but that’s the point you miss.

            It hasn’t found a way “around the traditional banking system.” It’s just Disney Dollars. It’s a way of transporting traditional currencies around the Internet.

            Every single Bitcoin has been bought and paid for with US Dollars. If you don’t understand why that’s true, there’s no hope of explaining it to you.

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