Answer: Ron Paul Bitcoin Checks. Question: What is a libertarian’s wet dream?
This is an actual thing. I am not making this up. Just look at this chucklefuck on this stupid paper bill for digital currency. LOOK AT IT!!!
Buttcoin bill, check, fake, libertarian, money, paper, paul, ron, wtf 6 Comments
This is an actual thing. I am not making this up. Just look at this chucklefuck on this stupid paper bill for digital currency. LOOK AT IT!!!
Buttcoin cbs, drama, good wife, terrible, tv 2 Comments
Bitcoin is about to be featured in a major network tv drama about crying first ladies or something, I don’t fucking know.
CBS’s Primetime Drama Series “The Good Wife” just put out a casting call for an upcoming episode entitled “Finding Mr. Bitcoin”:
[DYLAN] 34 to 45, an underdressed lawyer prankster, brilliant, likable, and a bit childlike, he represents the creator of Bitcoin, an online currency, and is being pressured by the Treasury Department to reveal the identity of his client…GUEST STAR
[ELAINE] 30 to 35, stunning, extremely intelligent, and a bit mischievous, an MIT astrophysicist, she’s been named one of the Ten Hottest Geek Women. A rarity in the cryptography field, she proves very popular at Crypto-Con, the Comic-Con of cryptographers…GUEST STAR
[BAO] 26 to 35, a Chinese, male individual, brilliant but painfully shy, easily embarrassed, and quick to develop crushes, he’s an econophysicist from Nankai University who may or may not be the true inventor of Bitcoin…GUEST STAR. PLEASE SUBMIT ALL ASIAN ETHNICITIES
[TOM] 30 to 42, a severe, serious, suited man, he’s a federal agent from the U.S. Treasury Department who’s been following Dylan and trying to shake him down for information on the inventor of Bitcoin…GUEST STAR. SUBMIT ALL ETHNICITIES
[ALEX] 28 to 35, a nervous, small-time hotel manager, he testifies to the existence of a promotion at his business that accepted frequent flyer miles and Bitcoin as currency…ONE-DAY GUEST STAR
[DYLAN] 34 to 45, an underdressed lawyer prankster, brilliant, likable, and a bit childlike, he represents the creator of Bitcoin, an online currency, and is being pressured by the Treasury Department to reveal the identity of his client…GUEST STAR
[ELAINE] 30 to 35, stunning, extremely intelligent, and a bit mischievous, an MIT astrophysicist, she’s been named one of the Ten Hottest Geek Women. A rarity in the cryptography field, she proves very popular at Crypto-Con, the Comic-Con of cryptographers…GUEST STAR
[BAO] 26 to 35, a Chinese, male individual, brilliant but painfully shy, easily embarrassed, and quick to develop crushes, he’s an econophysicist from Nankai University who may or may not be the true inventor of Bitcoin…GUEST STAR. PLEASE SUBMIT ALL ASIAN ETHNICITIES
[TOM] 30 to 42, a severe, serious, suited man, he’s a federal agent from the U.S. Treasury Department who’s been following Dylan and trying to shake him down for information on the inventor of Bitcoin…GUEST STAR. SUBMIT ALL ETHNICITIES
[ALEX] 28 to 35, a nervous, small-time hotel manager, he testifies to the existence of a promotion at his business that accepted frequent flyer miles and Bitcoin as currency…ONE-DAY GUEST STAR
Sounds thrilling, I’m sure.
Buttcoin advertise, bitcoin, buttcoin, flyer, goatse, porn, radio, tv 4 Comments
Someone decided that the only thing Bitcoin needs to revive it’s slow and torturous death is a little publicity! What better way to advertise then radio tv a cheaply made flyer to plaster around your neighborhood. Fortunately, not many people took him seriously and instead our friends BitcoinPorn decided to do Buttcoin a little honor in making this poster for me.
What do you think? Let me know in the comments below.
Buttcoin ars, bitcoin, bubble, bugels, burst, buttcoin, crash, fail, fed, mt. dew, technica 6 Comments
Ars Technica had a great article on Bitcoin’s latest crash, and instead of reflecting on what this means to the community and the possible coming age of stability of the currency, they decided to tear down this website as being a shill for the Fed and accuse us of trolling Bitcoins and causing all the problems.
The jig is up guys, we better pack it in because we’re shills for the Fed, being paid in Mt. Dew and Bugels
Also, what’s up with that “penis” spoiler tag?
Buttcoin bit, bitcoin, bubble, burst, bust, buttcoin, crash, drop, fail 9 Comments
HAI GUYZ DO YOU LIKE WORTHLESS CURRENCY??
Bitcoins have dropped from a stable $4 to nearly $2 in less than 24 hours.
As of this writing, Bitcoins are actually a bit lower than this graph, around $2.25.
As you can see, Magic The Gathering Online eXchange promptly shit itself over the news and is sputtering useless graphs out. That graph looks rather fortelling.
Bonus graph:
Buttcoin bill cosby, buttcoin, cosby, cosbycoin, funny, hack 26 Comments
This is by far the mosthilariousthing to happen in the official BitcoinTalk forums, ever.
Someone hacked the forums and injected some code that, among other things, causes a bunch of Bill Cosby popups, simulates uploading of a wallet.dat file, changes all avatars to images of Bill Cosby, and even changes the word Buttcoin to Cosbycoin.
You can see the hilarity yourself by going to the forums and waiting about 5 seconds for the comedy gold to flow.
Here’s a sample of what’s going on.
Better fix this right away!
Forums have been shut down for several hours now.
EDIT: I just got an email from one of the admins “Sirius” that this was mostly likely another Adobe Flash exploit.
We’re looking to the incident right now. We had to take the site offline to protect any further malicious activity.Luckilyit seems like a simple Adobe Flash exploit, and we’ve cleaned up most of the offending code and .swf files.
The exploit he was referring to had this information from Adobe’s site.
This vulnerability (CVE-2018-COZPOP) could cause a crash and potentially allow an attacker to take control of the affected server. There are reports that this vulnerability is being exploited in the wild in targeted attacks via a Flash (.swf) file embedded in certain website forum software, delivered as an emoticon or “smilie” in the forum software. At this time, Adobe is not aware of attacks targeting Adobe Reader and Acrobat. Adobe Reader X Protected Mode mitigations would prevent an exploit of this kind from executing.
Make sure to browse safely guys.
Buttcoin $5, bitcoin, crash, done, end, fail, over, panic, selloff 18 Comments
This may be the final straw for bitcoins. There was a massive selloff today (180k coins and counting) as the price of bitcoins crashed through the $5 price point. Everyone’s jumping ship right now.
There’s really little chance of it ever coming back above that price point. Here’s the all-time chart, this is by far the largest selloff in Bitcoin’s history happening right now.
And just for fun, here’s another graph:
Remember when I called the peak at the beginning of June? I got so much shit for that.
Buttcoin bitvoin, bruce wagner, buttcoin, coins, hack, market, money, mybitcoin, theft, wallet 7 Comments
Someone just sent this into my inbox. Apparently this is video that was accidently broadcast 2-3minutes before the beginning of the Bitcoin show. It’s obvious Bruce didn’t know the camera was broadcasting out during this conversation.
Buttcoin bitcoin, burn, buttcoin, crash, destined, fail, libertarian 20 Comments
Over on MetaFilter, someone re-posted my wildly popular article exposing the shady pasts of Bruce Wagner and his possible involvement in the MyBitcoin debacle. It was basically a rundown of my previous post in a TL;DR article, citing and highlighting the important parts. Its seems to have been a pretty popular article and sparked some good debate with over 168 comments, some pro and some con on the side of Bitcoin. There were also, as always, a very vocal minority of libertarians embracing their flawed ideals and reinforcing the idea that the “invisible hand” of the market could do no wrong.
Amid the turds though was a sparkling gem of a comment. Very well written, well thought out and with a clear narrative, it tears down the ideals of libertarianism and dismantles and evaluates the basic ideals which will keep Bitcoin from ever succeeding.
You can think of bitcoin, paypal, even the U.S. dollar as communications protocols. There are various levels of protocol, and, with some looking at it you can see why bitcoin is at best more anonymous paypal, and at worst, ripe for scamming. Bitcoin really appeals to the hardcore, I-can’t-handle-relationships-with-others type of libertarians. Also, you can think of the basic level protocols as something you have to have if you want to do business in a certain ring-fenced economic zone (physical or otherwise).
The U.S. dollar, yen and euro are all low level payment protocols, we can think of them as fundamental communications protocols. In fact, the USD and JPY are basic protocols because they are not based on anything other than the taxing authority of the respective governments of the US and Japan. The euro is a little different because although it is based on the taxing authority of the respective EU member states, since the EU government passes its taxes collected on to the members states. A currency such as the HK dollar is actually not a fundamental protocol because its value is pegged against other protocols.
One step higher than the dollar, yen, and euro are the various transfer services such as Paypal or the credit card systems. For example, Visa, Mastercard and AmEx all maintain private, closed networks over which participants can transfer money in the lower level protocols of national currencies, or the pegged currencies. But none of those systems create their own currency, they’re just a conduit for others.
Bitcoin is trying to become a fundamental payment protocol, in that they are creating their own currency units. Also, WoW gold is a fundamental payment protocol– its value isn’t based/pegged against another item. Realistically you can think of WoW gold as a low level protocol like the US dollar because it is necessary to get it if you want to play WoW, just like dollars are necessary if you want to play in the USA.
Now, okay, you can look at these protocols as necessary to play in a particular economic zone, i.e. the U.S., Europe, etc. You need HKD if you want to play in HK, but the _value_of the HKD isn’t set by the number of people that want to play in HK, as much as it is set against the peg which is maintained by the HK government currency organization.
Bitcoin is trying to derive its value from scarcity, and, since its introduction there is now a “Bitcoin bloc” , i.e. a group of people that are doing business in Bitcoin. So let’s say the Bitcoin bloc keeps growing. Great, no problems. Logically, however, since the Bitcoin has finite value, someone or someones will realize that they can, in one way or the other “corner the market” on Bitcoin. When that happens, it will be similar to what happens in online games like WoW when a few players control all the currency units. Namely, those players will be able to dictate to others what happens. Of course there is no accountability under this system– technically it’s “the market”, i.e. the universal God, that’s supposed to prevent this but in practice I have my doubts. Technically a community-backed currency (like the USD or WoW gold) has ways to deal with the situation where one small group monopolizes all the currency– but Bitcoin, by design, lacks this.
Someone is going to say “look fuck you wuwei, governments aren’t even accountable to their people so what difference does it make.” I’ll agree that a lot of national governments have accountability issues (mine sure does) but the difference is in the idea of a common good. The idea of government is to have a common good that binds everyone inside of the economically and geographically bordered community. When you don’t have that, ultimately, you end up with the kind of dispersed society that is the default for humanity– clan behavior, and one level up from there, fictional kinship. Fictional kinship can come from organizations that try to create family bonds between the members, things like guilds, organized crime ‘families,’ and religions. We’ve got a whole lot of people in the United States who don’t even believe in the collective good anymore, they don’t think such a thing exists, mostly because they don’t want to have to live in the same community with people who look different.
As I wrote previously, that is the kind of world that the Bitcoin libertarians, who love John Locke, Ayn Rand and “freedom” can’t handle, because it’s a world where no one gives a shit about abstract rights– it’s all about personal relationships, blood debts and honor. Even WoW gold is connected to a community of people who come together to play a video game and blow off some steam, but Bitcoin isn’t. Bitcoin is all about shitting on the idea of a community and living in some minarchist fantasy land where you, your immediate family and some AR15s are the MOTHERFUCKING SOLE SOVEREIGN over your immediate surroundings, living well off your TOTALLY AWESOME L33T SK1LLZ and learning how to microfabricate everything you need to live and trading with other awesome microfabricators who also have l33t sk1lllz and open carry their cocked and locked 1911s everywhere. But there’s a little problem with this. Stuff like precision medical supplies definitely need a large degree of cooperation, process, control long lead times and surprise, regulation, otherwise they don’t tend to work.
Memo to the Bitcoin guys: you can build a community that has some cool microfabricated steam engines and open source software. But the first time your grandma need a pacemaker, or blood pressure pills and dies, and when your neighbors decide to just use squatholes for shitters and there’s a cholera outbreak which leads to your clan leader finding out about that girl you like from the Smith clan, which your clan hates and clan integrity is the only thing protecting you from a cruel world, and the only person who would have spoken up from you was your grandmother, and then the boiler of that micro-fab steam engine you built that didn’t need those commie government regulations explodes and kills half your clan members, and that cute girl, and then your clan leaders excommunicate you and put your sorry ass naked out in the street, bleeding, with a latent head trauma that only an MRI could diagnose and only a neurosurgeon in a sterile ER could fix, then you’ll miss the common good. Right before you bleed out.
But it’ll be too late because you and your fellow traveller community-haters will have destroyed everything that made it possible, including the idea of a common good.
So, rather than continuing to destroy the social fabric of America, I’d prefer that you all get the fuck out now. Thanks.
You can read the comment in it’s entirety, and the rest of the thread here.