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


  1. Flibbr Marketplace
    May 16, 2013 @ 9:26 am

    For this… we should fine Mark.. and if he won’t pay, lock him in a cage.. and if he resists, let’s send the men with guns round to lock him in a cage.. a truly truly despicable crime he has committed !


  2. runeks
    May 16, 2013 @ 9:44 am

    > If the CoinLab/MtGox deal had gone ahead on time, the majority of user funds would be sitting in a US bank account by now and likely frozen.

    The majority of user funds are *already* sitting in a US bank account. The majority of volume happens in USD on Mt. Gox. US Dollars *always* reside with a US bank. A non-US bank may hold USD for their customers on paper, but it’s really this bank’s correspondent US bank that holds the USD; they can be frozen at any time.


  3. Dave
    May 16, 2013 @ 9:53 am



  4. lljktechnogeek
    May 16, 2013 @ 11:12 am

    Pointless nitpicking time: technically, financial crimes are under the jurisdiction of the Secret Service, not the Treasury Department (the latter of which is, as is the Department of Homeland Security, a Cabinet-level government agency). The Secret Service is part of the DHS, though.

    If you’re wondering why the president’s bodyguards handle financial crimes, it’s because the Secret Service was originally formed to investigate counterfeit US currency. Due to a lack of federal law enforcement agencies, though, they were soon assigned other duties. It wasn’t until the early 20th century that the Secret Service began to focus solely on financial crimes and Presidential protection, with their other law enforcement duties assigned to the FBI when it was created in 1908.

    EDIT: Just to clarify, FinCEN is indeed part of the Treasury Department, but their role is more in the area of information gathering than actual law enforcement. In other words, it’s the Secret Service/DHS that’ll be kicking the door down, not Treasury.


  5. Mr CHarmin
    May 16, 2013 @ 12:16 pm

    Looks to me like you came to shit but only farted. Magical Gathering exchanger is in compliance AND is still receiving USD (check buttinstant) and market action shows that if Tux is fucked, the market likes to watch.

    The most we can hope for is short break in the continuous farting cacophony of buttcoin users complaining about how MtGox is so damn compliant that it wants real stool samples from every user which take weeks and weeks to analyze before these users can throw more toilet paper in the magical mana pool.


  6. Anonymouse
    May 18, 2013 @ 9:47 am

    It is possible to have a bank account denominated in dollars in a bank that is not in the United States, like with a eurodollar.


    • David Tiessen
      February 23, 2014 @ 11:09 pm



  7. Tribus
    May 26, 2013 @ 12:01 am

    As opposed to any other company that’s trying to use tax loopholes to circumvent the US Government and paying taxes. Surly companies with offshore accounts and outsourced workforces aren’t trying these tactics as well. When the US Government wants to crack down, they should go after the real enemies of the State people like big oil, GE, large banks and investment firms, and, and, and…you get the point.

    Still to this day how many people went to jail for the 2008 banking scandal that screwed everyone….ZERO!

    Sure pick on a small Japanese company that’s trying to break out of the box…

    I don’t know, to me it’s a non-issue and the naysayers know what they can do…


    • Hash Tag
      August 22, 2013 @ 2:35 am

      Pick on? They very clearly, publicly, and stupidly were out of compliance with the law and, well, trafficked in the currency of kidfuckers and would-be black market arms purchasers. What about this doesn’t paint a day-glo target on their asses?


      • Tonya-Clay Davis
        March 2, 2014 @ 10:24 pm

        The gov. slaps the hand of banks they KNOW are laundering money. They pick and choose who they go after. Law breaking is not the issue here. The gov. sees Bitcoin as threat to it’s currency monopoly, and a threat to it’s tax income, and they’re dong what they can to eliminate the threat. And the douchebag who wrote this article thinks that’s wonderful.


  8. williepoo
    May 29, 2013 @ 3:58 pm

    What are you takling about Mt.Gox doesn’t accept USD? I swear these things are written by people that don’t know a goddamn thing about how exchanges work or cyrptocurrency.


    • BorateBomber
      March 1, 2014 @ 11:43 pm

      As neither did dookie boy who stored keys and coins together so they could be stolen…. Aaa ha ha ha,…


  9. Philippe
    June 24, 2013 @ 8:51 am

    mtgox seems fine too me, no problems at all, if they were having trouble it looks like they are solved now, and if you sold your bitcoin in a panick after listening to these kind of “informations” well…too bad ­čÖé


    • Doot
      February 27, 2014 @ 5:58 am

      How about now?


    • BorateBomber
      March 1, 2014 @ 11:42 pm

      Can you hear me now? Bszzzzffasssshhhshshshstttt… Click, Bzzzzzzzz, cachunk…


  10. adfasdf
    February 11, 2014 @ 12:00 pm

    FUCK MT GOX, unless these cunts release my and all our coins i will fuck every one of their mothers in the ass. Mark Karpeles is fat ugly bitch who will die from sucking dick


    • #rekt
      February 26, 2014 @ 7:00 pm

      lel. you can shove those goxcoins up your ass.


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