lose – Buttcoin Foundation http://www.buttcoinfoundation.org Buttcoin - It's Bitcoins with Butts! Wed, 07 Jun 2017 22:27:42 +0000 en-US hourly 1 https://wordpress.org/?v=4.7.5 Reddit spends more money on managing bitcoin transactions than it actually receives http://www.buttcoinfoundation.org/reddit-spends-more-money-on-managing-bitcoin-transactions-than-it-actually-receives http://www.buttcoinfoundation.org/reddit-spends-more-money-on-managing-bitcoin-transactions-than-it-actually-receives#respond Thu, 07 Mar 2013 00:08:06 +0000 http://buttcoin.org/?p=967 So much for the Reddit Grand Experiment in bitcoins. Reddit CEO Yishan just�announced�the monetary stats for accepting payments of Reddit Gold in bitcoins and it’s not good.   So much for that. Reddit is spending more money on people to police the currency than actual bitcoins received. A whopping 2%, what a model for the […]

The post Reddit spends more money on managing bitcoin transactions than it actually receives appeared first on Buttcoin Foundation.

]]> So much for the Reddit Grand Experiment in bitcoins. Reddit CEO Yishan just�announced�the monetary stats for accepting payments of Reddit Gold in bitcoins and it’s not good.

btc-reddit-fail

 

So much for that. Reddit is spending more money on people to police the currency than actual bitcoins received. A whopping 2%, what a model for the exploding bitcoin ecosystem.

 

The post Reddit spends more money on managing bitcoin transactions than it actually receives appeared first on Buttcoin Foundation.

]]> http://www.buttcoinfoundation.org/reddit-spends-more-money-on-managing-bitcoin-transactions-than-it-actually-receives/feed 0