I am Buttcoin. I write about Bitcoins - but with butts.


  1. mmmmtaint
    September 6, 2013 @ 7:54 pm

    I think you needed to create a bitcoin wallet and use that address to claim your money, then funnel it through some trading card website so that you can get it sent to your paypal account and you can wind up with roughly 80 cents of your $1.04 tip, all at the cost of roughly 40 minutes of your time. It’s so easy and intuitive that I can’t believe you didn’t see that immediately.


    • Ivan Sorensen
      September 17, 2013 @ 10:40 am

      There’s basically zero way this could not catch on everywhere!


  2. DQ
    September 6, 2013 @ 10:21 pm

    Well said.

    +cosbytip “Have you ever tried to blow out a flare? You get burns on your upper lip.” verify


  3. Drake Brasky
    September 8, 2013 @ 7:08 pm

    When is bitcoin set to collapse? Havent you predicted it about 10 times already? You need some new material.


    • zeekthegeek
      September 9, 2013 @ 10:02 pm

      Good reading comprehension, they don’t mention collapse even once in this article. You’re bringing your own baggage.


  4. HamsterCoin
    September 9, 2013 @ 6:23 am

    Why is this hamster reddit reading guy still writing about reddit?


    • Razz
      September 9, 2013 @ 8:23 am

      This article wasn’t written by KillHamster.

      It’s okay. Reading comprehension is hard.


      • HamsterButt
        September 11, 2013 @ 4:19 am

        Oh, You think I read that stuff… That’s cute ­čÖé


    • killhamster
      September 9, 2013 @ 8:30 am

      I’m happy that I’ve gotten under your skin so effectively that you’re now seeing me everywhere.


  5. Imlost
    September 10, 2013 @ 3:32 am

    Thank you. When I got tipped a bitcoin I had no idea what to do with it. There is virtually nothing that tells you what to do and the the links the bot provides just directions to the announcement of them making the bot. Having no idea what I was doing I managed to create a wallet and was able to withdraw to it. So now I have a hash that I have no idea how to even use that was worth a dollar, minus fees of course. When I got my second tip weeks later I managed to stumble into the fact they you can ask the bot for your account info. It turns out that the bot creates an account and then adds the bitcoin to it. The bot then sends the username and password for your account. The service they use for these accounts have fees which is why the withdrawal wouldn’t work, not because the bot itself was taking any money off the top. I still have no idea what I am suppose to do with these bitcoins so they just sit there.


  6. paulsnx2
    September 10, 2013 @ 1:06 pm

    You went to the EFF foundation, and couldn’t figure out how to donate to them. Because there is no obvious “pay with Bitcoin” thing on the top of the page? Solution. Scroll to the bottom:



    • Fluxity
      September 10, 2013 @ 1:30 pm

      Oh cool, just let me know how to send them the useless 98 cents I got. Thanks.


      • paulsnx2
        September 10, 2013 @ 1:49 pm

        Say you are sending 5 dollars, get the BTC address, and send them 98 cents. The 5 dollar limit is because credit cards rape them so much with processing fees that they have to make it worth their while.

        With Bitpay it is a flat 1 percent for merchants, and free for non-profits. They will get the whole 98 cents you send.


      • Kris Olhovsky
        September 11, 2013 @ 3:21 am

        Your article says that you sent your coins to the 1BitcoinEater[…] address. You said “The transaction ends up confirming 4 fucking hours later”.
        You weren’t lying I hope.


  7. paulsnx2
    September 10, 2013 @ 1:23 pm

    Also, a note about all the trashing you document. I am a Bitcoiner, and have been off and on since 2011. I have been very active most of this year in the Bitcoin world.

    Even I didn’t know what to do with the tips. I would just verify them, and go on my way. This has gone on for most of the year.

    The other day I saw my balance was up to 12 dollars. (it is ~18.37 now, mostly due to the recent rise in Bitcoin prices). So I decided to figure out how to withdraw.

    I obviously had a Bitcoin Address, so providing one was not a problem. I withdrew roughly $1 worth of Bitcoin.

    Success. So I now have ?0.14531527 in my reddit account, and I can use it to tip other people. Why bother to withdraw it?

    tl;dr: The author makes a mountain out of a mole hill. Just verify, and go your way.


    • killhamster
      September 10, 2013 @ 1:26 pm

      lol that you care so much


      • paulsnx2
        September 10, 2013 @ 1:58 pm

        I really care. It is all about the hamsters…


    • Fluxity
      September 10, 2013 @ 1:31 pm

      So you’re saying someone sent me some money but I shouldn’t actually try and withdraw that money or spend it, but should just let it collect in an account and then maybe give it to other people who also shouldn’t withdraw or spend it?

      This is amazing!


      • killhamster
        September 10, 2013 @ 1:33 pm

        This is obviously the currency of the future and we were fools to have mocked it!


        • paulsnx2
          September 10, 2013 @ 1:47 pm

          Not at all. Bitcoin is the currency of the future, but the wallets and infrastructure for using it need to improve.

          Maybe for now it benefits those most who are willing to spend the time and energy to figure it out. And as time goes by, it should get easier for everyone else too.


      • paulsnx2
        September 10, 2013 @ 1:45 pm

        Nothing about being tipped with BTC requires you to waste your time if you don’t want to.

        But put it another way. Say you let it ride a year. What would happen (if next year is like this year)? Well, it would go up in value like 10x.

        Why bother with 1 dollar today, if it will be 10 tomorrow? Or in my case 180 dollars? I see no compelling reason to thrash about with BTC if you don’t use BTC. If you are a user, then doing the withdraw is easy.


        • Fluxity
          September 10, 2013 @ 1:51 pm

          The what the hell is the purpose of the bot to “spread awareness” if you’re just supposed to sit on them and not actually use them or participate in the quote “bitcoin economy”?

          This bot it nothing more that a method for people to flood comment sections in other subreddits and try to get people to join bitcoin like a bunch of cult members. There’s a reason the bot was banned in /r/technology.


          • paulsnx2
            September 10, 2013 @ 2:00 pm

            Some people get a wallet, make some small purchase, and yeah, they can then see how it works.

            Others (it seems like yourself) get all in a wad about it. But in my experience, “Wad’ers” will get in a wad about something no matter what people do. So why worry about them?

          • John Andersson
            September 10, 2013 @ 4:00 pm

            Infinite growth, duh. (Bitcoin will become the world’s only currency)

          • Kris Olhovsky
            September 15, 2013 @ 10:35 pm

            There’s also a reason that the bot was unbanned in /r/technology.

          • William W.
            November 14, 2013 @ 9:26 am

            When a friend gives you $20 for christmas, are you physically uncomfortable if you don’t sprint over to a convenience store and spend it immediately? Would putting your coat and boots on and walking through the snow to spend it be inconvenient? Yes.

      • seahen
        March 9, 2014 @ 5:05 am

        It’s like when the US was theoretically on the gold standard, but redemption was suspended. When you had a dollar, you had a small amount of gold, but you couldn’t actually withdraw that gold or make it into a ring…


    • Fluxity
      September 10, 2013 @ 1:38 pm

      Wait, lemme put this into a meme you can understand.


      • paulsnx2
        September 10, 2013 @ 1:42 pm

        uhhhh, not sure that was the point I was making. I just didn’t worry about the tips until there was enough to think about. (for me that hit at about 12 dollars). Then I proved to myself I could access them.

        Then because I actually have a job and don’t need the tips, I let them ride. Now they are worth 18 bucks (even with the dollar I took out).

        I am happy to let them ride, and maybe tip other people.

        I have all the options without all the heartache of the author.


    • Jester
      October 15, 2013 @ 5:49 pm

      To me, it just seems like something fun to do. It’s not like it’s costing you real money, just the amount of time it takes to type a comment, maybe send a few messages from time to time.

      If you get a decent amount of real money eventually, awesome, but if not, you just had fun wasting your time, which is what you were on Reddit to do in the first place.


  8. Kris Olhovsky
    September 11, 2013 @ 3:27 am

    The message you received from the BitcoinTip bot is old. The bitcointip bot currently gives you simple instructions for how to send your tip to another user, or withdraw to any address in the PM response to your ACCEPT request:


    So that seems to invalidate 90%+ of your article. Sorry!


    • heidiho
      September 15, 2013 @ 4:53 pm

      It’s a start, but still not clear on how to send this tip to the bitcoin bucket :<


    • Redditor
      December 23, 2013 @ 4:36 pm

      Thank you for that, came here to post this


  9. Wooxer Pt
    March 17, 2014 @ 7:01 pm



    • Fluxity
      March 17, 2014 @ 8:02 pm

      Which is what the article is about so I’m not sure what you’re trying to say.


      • Wooxer Pt
        March 21, 2014 @ 8:08 am

        Then read again, and if after that you’re stll not sure then read again, ad infinitum, until you do.


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