Monthly Archives: October 2015

Bitcoin: Not What We Thought


As time lurches slowly on into the future, it’s become apparent that Bitcoin is not, as its proponents claim, a store of value, or a medium of exchange for goods and services. It’s actually a way to extract money from the pockets of weirdos through selling them specialized hardware. Despite the fact that Bitcoin’s computational difficulty and relatively low value has made “mining” a negative-value operation due to the cost of electricity, the sham continues with The 21 Bitcoin Computer. It’s a $399 chunk of shit, approximately the size of a computer mouse, with no case to enclose its bare circuit board.

Yet, as bad as this is, it’s a toss-up as to whether it’s worse than the $74 diecast car replica of the Bitcoin derivative branded “Dogecoin” car. To explain exactly what this is would take more room than I have here, so you might be best served by drawing your own conclusions.

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