What better way to advertise Bitcoin than an billboard featuring an inside joke from a 2 year old Youtube meme?
Erik Voorhees has been one of Bitcoin’s biggest supporter, and probably the most well known since Bruce Wagner fell off the face of the earth. He’s been in the bitcoin game for a while and is the founder and CEO of Coinapult, a company that facilitates the transfer of bitcoins via SMS and email. He was formerly the marketing head for BitInstant and has been involved with SatoshiDICE, that Bitcoin gambling site that is killing bitcoin.
He’s decided that what bitcoin really needs to jumpstart this revolution is a small, crappy billboard in the middle of a strawberry field. A very obscure billboard actually.
Either way, Bitcoin is the honey badger of currencies and the protocol rolls on.
If you still don’t know what the Honey Badger means, well that itself is referencing this Youtube meme that’s more than 2 years old now.
Very nice guys. If that’s not the best way to overthrow the Fed then I don’t know what is.
I would like to introduce to you the “Cryonic FrostBit‚?Ę Bitcoin Miner,” a device so revolutionary in the world of computing that its innovations could only be put to proper use in a bitcoin miner.
After the thrilling¬†success¬†of Reddit’s big Bitcoin bash, it’s no secret that the bitcoin economy is paper thin. Nevertheless, the Humble Indie Bundle¬†was¬†harassed¬†enough by Reddit to decide to accept Bitcoins as payment. This was¬†heralded¬†as a “wonderful¬†achievement” by the community and just more proof that¬†Bitcoin’s¬†economy was as strong as ever.
So how did they do? Not so well, actually.
A whopping 1/10th of a percent of sales. At least they were generous with their internet fun bux.
Twitter user @spyshake¬† tweeted out this picture today. Admitting you have a problem is the first step to recovery and we’re thrilled you’ve started on this journey.
— martian spy (@spyshake) May 30, 2013
Buttcoin has turned 2 years old today, outlasting every other bitcoin business except Mt. Gox and Blockchain.info.
Happy birthday to the best bitcoin website on the internet.
Are you confused about just why the Department of Homeland Security seized Mt. Gox’s US assets? Are you¬†wondering¬†what terrorism has to do with bitcoins (hint: it doesn’t)? Do you want to know when Mt. Gox will start serving US customers again?
We’ll break down what happened and why Mt. Gox willingly broke the law and is completely fucked.
Wired got sent a bitcoin miner from Butterfly Labs¬†and they put it through it’s paces. Wired then decided to setup the most boring “Let’s Play” and start livestreaming the thing just hashing away, a mind numbing endless stream of random numbers on a screen.
Since Wired is a journalistic entity and it would probably be very unethical to profit off the mining of a free review unit sent by a company, Wired decided to destroy the keys to the wallet file used to store the bitcoins.
But in the end, the answer was obvious. The world‚??s most popular digital currency really is nothing more than an abstraction. So we‚??re destroying the private key used by our Bitcon wallet. That leaves our growing pile of Bitcoin lucre locked away in a digital vault for all eternity ‚?? or at least until someone¬†cracks the SHA-256 encryption¬†that secures it.
This has caused the bitcoin community to go apeshit because the “Fuck You, Got Mine” mentality of most Bitcoiners dictates that those Bitcoin should go to someone worthy! Like me me me me me!
So they took to their normal bitching posts to moan and complain and call Wired a hack.
They cried on Twitter:
Wired demonstrates bitcoin mining machine but apparently journo ethics doesn’t cover charity, or something wired.com/wiredenterpris‚?¶
— Leandro Oliva (@lmoliva_) May 10, 2013
@bobmcmillan if you don’t care about feeding the starving, donate your bitcoins to someone like me and we’ll give them to charity!
— Bitcoin Jobe (@BitcoinJobe) May 11, 2013
— pierebel (@pierebel) May 10, 2013
If, for some reason, you missed it, Forbes blogger Kashmir Hill spent a week using nothing but bitcoins as cash in what I can only assume was an experiment to prove that it can be done and to demonstrate the viability of Bitcoin as a currency. The true believers will inevitably point to this experience as an example of Bitcoin working in the real world, but their bias blinds them to the truth: it is not possible to survive using nothing but bitcoins. As a publication is totally unbiased and entirely honest with regard to bitcoins, we’re here to point out the things that bitcoiners ignored or glossed over.
Our heroine (or victim, depending on your viewpoint) began with a sum of five bitcoins (when they were selling for roughly $142.00,) purchased through Coinbase, since the Magic: the Gathering Online eXchange¬†is awful and legitimate banks won’t allow funds to be transferred to a shady Japanese “business.” She immediately discovered that you can’t buy food with bitcoins unless you’re willing to buy questionable preserves from strangers or stock up on end-of-the-world survivalist rations. Someone eventually pointed her to a service which acts as a middleman, ordering things from local restaurants and then delivering them, adding a service fee for the convenience. For some reason, they accept bitcoins. She immediately handed over an entire bitcoin, giving them around $130.00 at the time for orders yet to be made.