Bitcoin is not a real currency
Don’t just take my word for it, CBS said so!
Any exposure is good for bitcoin though, right?
BitcoinTalk hacked again by “The Hole Seekers”, forums down. (video)
It’s happened again. BitcoinTalk was hacked once again, this time by a group purporting to be “The Hole Seekers”.
Someone embedded the “1812 Overture” song into the background with a dazzling animated picture show. This reviewer gives it 2 thumbs up!
Unfortunately within a few moments the whole site came down. It’s unlikely it’s due to this attack, and more like the forum is so utter and complete garbage (despite the administrator Theymos accepting over $100k in donations to upgrade it) it probably just simply collapsed from having a several meg file in the header.
See the video below for the whole thing in action.
The Silk Road shutdown and how its owner how Ross William Ulbricht, a.k.a “Dread Pirate Roberts”, is totally, completely, undeniably fucked.
Silk Road got shut down today not because the NSA slurped up secret information and not because the site admin-turned-admin got flipped while trying to flee the country. The site came tumbling down after someone at the FBI decided to do about 20 minutes of Google. Maybe a bit of Bing too, who knows.
Here’s some facts about Silk Road and what charges this guy is facing! Read More
Bitcoins crashing towards a 50%+ loss today
On the news that Silk Road has been seized by the federales, Bitcoin is having it’s worst day in a long long time. It’s lost over 40% (and counting), crashing to $85 on Bitstamp after starting the day at a high of $127.
Volume is at an all time high on these exchanges as well. There’s nothing more to do than sit back, relax, and Listen to the sounds of Buttcoin.
The Silk Road is closed
The US Federal Government shutdown has closed many “nonessential” services, but the criminal justice system is chugging along, and has outed “Dread Pirate Roberts” as one Ross William Ulbricht, and charged him with narcotics trafficking, hacking, and money laundering. It was fun while it lasted, Buttcoin!
[youtube id=”NoBFhdeR9PE” width=”580″ height=”337″]
ETA: According to some dude on reddit, “It looks like they sniffed him out by looking back at old Internet records (forum posts, IPs etc) around the times of SRs appearance. The first person to ever advertise SR was DPR himself, and he used an email account attached to his natural born identity. No NSA or technical hack.”
Get Bit or Die Mining
If you’ve been awaiting another obsessive catalog of disastrous and dangerous Bitcoin mining rigs, then you are in for a treat. Today Buttcoin launches the all-new BitcoinMiningRigs dot com, an archive of the most hilarious and ridiculous computers, cable spaghetti, and arrays of fans to grace the world of Bitcoin.
We’ll be updating it regularly, as we’ve collected a shameful amount of pictures and videos, and mechanisms are in place to submit your own sad computers as well. If you’d like to follow on Facebook, you can do so here.
Reddit thinks children should be introduced to gambling as a valuable Bitcoin teaching tool.
Someone posed a question in /r/bitcoin on Reddit asking if kids should be indoctrinated marketed to about the wonderful benefits of Bitcoin, other than drugs and gambling of course.
Bitcoin should “market” to kids (self.Bitcoin)
submitted 10 hours ago by Euphorbium
Well, maybe not market, but kids should be educated about it. There should be some campaigns targeting young children, similar to raspberry pi foundation teaching kids to code. Children are not stupid, nor as ignorant as adults, they will understand this if explained correctly and they can influence their parents a lot. If you think this would be somehow unethical, just think about all the crapfood advertisement targeted to children. This would be beneficial to kids, as it would help them understand current monetary system way better. How should this be done? I don’t know, but lets brainstorm. Maybe some bitcoin related mobile apps directed to kids are needed?
Some other Redditors wondered aloud however, what’s so wrong with gambling anyways? You should get your kids hooked on gambling too!
astrolabe 3 points 6 hours ago
I agree that children are a very good use case for bitcoin. They don’t have credit cards, but want to purchase things on the internet. There is a bit of a chicken and egg situation with not much for them to buy (I can think of the humble bundle) and not many kids with bitcoins. Improving either side of this relation would be helpful.
I gave my God son a small amount of bitcoin after explaining the system to him, showed him the transactions and blocks coming in on http://blockchain.info/, and the trades appearing on http://bitcoin.clarkmoody.com/.
I didn’t tell him about the bitcoin gambling sites, but he’s capable of discovering them himself. I’m not sure whether exposing children to gambling is a good thing or a bad thing. Maybe they could become addicted to gambling at an early age, but maybe they will have the experience of losing all their money when it doesn’t really matter, and it will serve as an innoculation.
Lentil-Soup 4 points ago
Don’t you think it might be a bad idea to introduce kids to gambling, an activity that can trigger all sorts of compulsive behaviors on young malleable minds? That if they lose Bitcoins they don’t just go “oh well, I won’t do that again” and might do as some gamblers do, keep wanting to chase that big score?
Or maybe it’s all part of the plan? Hmmm…
BITCOIN! Get ’em hooked while they’re young!
The Reddit bitcoin tipping bot is the worst way to promote bitcoin and the shills won’t shut up about it.
I have a confession to make: I read Reddit. I feel so dirty for reading that shithole of mysogony, racism and creepy borderline pedophelic behavior but I do love pictures of cats getting their heads stuck in jars. What’s a man to do?
One of the few subreddit I actually subscribe to is naturally /r/bitcoin. The subreddit that was originally owned by infamous bitcoiner Atlas (who tried to sell off the subreddit at one point) has grown quite a bit since it’s inception. In fact, not to toot our own horn or anything, but with only 200+ upvotes, our article on Bruce Wagner was the top post of all time in the Bitcoin subreddit for several months before some shitty image macro complaining about Paypal replaced it. Out of this subreddit a grand idea was born, the Bitcoin Tipping Bot.
The way the bot works is amazingly simple. Just follow these few steps:
- First know what bitcoin is and get yourself some. I’m not going to explain this part because most people will not get this far.
- Message the bot /u/bitcointip “SIGNUP”. A bitcoin address will be created for you.
- Send your bitcoins to this second wallet that you don’t control
- Tip other redditors by commenting on posts using the format “+/u/bitcointip @username (amount)
That’s all there really is to send bitcoins. Actually receiving bitcoins is fucking terrible for a person who has no interest in bitcoins in the first place. I discovered this first hand when someone tipped me $1 and I tried to claim it. Read More
Introducing Brettcoin
DreamHost, notable for such things as “websites,” “domain names,” and “I think a goon used to work there,” releases an email newsletter each month to inform customers of important changes, announcements, and features that are coming up or have been made already. In August’s newsletter, their marketing VP opens with a humorous introduction to his new altcoin, BrettCoin.
Brettcoin is a peer-to-peer virtual currency that is generated from electrons – “something from nothing” as we say in the money biz! Brettcoin is a testament to the power of the Internet.
Brettcoin can be used to easily fund things like puppy mills, Scientology, terrorism, and “drugs”.
You can’t yet use Brettcoin to buy food, gas, clothing, or other so-called “goods and services,” but trust me – that day is coming! Once the world wakes up and recognizes the incredible potential of Brettcoin and the immediate improvement to quality of life that only peer-to-peer Bretts can deliver, you’ll have made your first million Brettcoins by virtue of being an early adopter!
Instead of appreciating the humor of this, especially regarding to the hypersaturated altcoin market, bitcoiners took to the streets, er, the basement computer chairs to take a stand, absolutely infuriated that Brett would speak ill of the Church of Bitcoin.
First they took to reddit, to call our brave entrepeneur an idiot and to promise they’d never buy services from DreamHost, which takes little effort on their part, since they were never considering it to begin with, instead opting to choose upstanding webhosts who only accept Bitcoin. Others swore they’d leave, but chances are they’ll just stay, since leaving would require effort. Everyone supporting Brett was shouted down or effectively censored with negative votes, so as not to disturb the echo chamber.
Meanwhile, a handful of dedicated zealots confronted him directly on twitter, insulting him, his company, his new altcoin, and generally being obnoxious. Included in this assault was Roger Ver, still apparently being mind-controlled by the staff of the Magic: the Gathering Online eXchange (Mt. Gox,) who commanded him to call Brett an “idiot” for displeasing the Bitcoin hivemind.
It’s a sad state of affairs when the Bitcoin community is so toxic that it actively stifles innovation. Godspeed, Brettcoin, we here at Buttcoin wish you the kind of success thus far only seen by Cosbycoin.
LOBSTER LOBSTER LOBSTER and other hits: Bitcoin ebooks
Out of boredom and the desire to utilize a massive collection of shit bitcoiners actually believe, we here at Buttcoin are “proud” to bring you a twitter feed in the vein of horse_ebooks, Reddit.txt, and other never ending streams of garbage: BTC_ebooks (because some lazy jerk already registered “bitcoin_ebooks” and then did nothing with it.)
Still in its infancy, it has already given us amazing advice and insights: