02.16.14
You cannot buy Colt 45 malt liquor with Bitcoin
Bitcoin won't buy Colt 45 to ease the pain of being spit on the sidewalk of America like used chewing gum.
I maintain Bitcoin is the perfect currency for our time. Or, at least, the most fitting. Take the example of the experts called to testify to its goodness by the state of New York: the Winklevoss twins.
Why are the Winklevoss twins so wealthy? What have they materially contributed to society that is so valuable that makes them so?
They were born into the upper class.
By dint of association/connection with Mark Zuckerberg at Harvard they were eventually able to chisel a settlement fortune from him and Facebook to go away. Are they programmers? No.
Would such a legal option have been open to average Americans without the resources of an upper class? No.
Why did they get a pistachio commercial offer? Because they were famous for being semi-famous in the Social Network movie and chiseling Mark Zuckerberg and Facebook.
Why were the Winkelvoss twins able to become Bitcoin experts?
Because they had the money from the upper class and sucking cash from Zuckerberg, enough to at least buy up 1.5 million and somethings worth of Bitcoins.
And why are they successful at getting others to invest in their consulting services, hedge funding and so on? Because they are famous to semi-famous for being famous or semi-famous and people see the money sloshing in news articles in which the Winklevoss twins appear.
So the Winklevosses are wealthy because they were born to it and became adept at siphoning big money from large pools of it as the opportunities are presented when it splashes around.
Bitcoin, which is for hoarding, gaming the system, deception, chiseling and speculation, is a perfect match with them.
The majority of people cannot do anything with Bitcoins except pay too many dollars for one. Therefore they either do not know what Bitcoins are or just shrug their shoulders at the idea. Bitcoin is not for the hoi polloi. The Winklessvoss twins are the class who appreciate Bitcoin.
When I entered my name to create an account at Coinbase, the Bitcoin exchange, a week or so ago, I was offered, like everyone is, a button and mechanism to sell goods or accept donations in the currency.
To sell, the service conveniently auto-filled a good I might want to sell for Bitcoins: alpaca socks.
I asked Google whether I could buy Colt 45 or King Cobra malt liquors with Bitcoin. The internet did not provide an answer.
I take that as a ‘No’.
Bitcoin is proving to be the joke of a currency that many experts and pundits had predicted. This is too bad, because the world could use something akin to Bitcoin …
It was recently reported that a Silk Road 2.0 site had been hacked, and that all 4,474 Bitcoins had been stolen. The heist was valued at close to $2.7 million at the time …
The cheapest price for a Bitcoin in Pasadena, today — $344.
The current price on Coinbase: $618
The current price on Mt.Gox (in Euros): 187
The nerds who traveled about an hour to buy a Subway sandwich with Bitcoin in Allentown, WhiteManistan, very close to where I lived many many years ago! (Note: Story posted at one of the internet equivalents of giant hogweed, Medium, the blogging platform started by the Twitter man who realized 140 characters weren’t quite enough and “wanted to give rationality a fighting chance.”)
Make me a believer. I’ll try anything once. This blog now accepts BitCoin.
Tip o’ the hat to Frank at Pine View Farm for scratch-padding.
Ted Jr. said,
February 18, 2014 at 10:36 pm
“Bitcoin is proving to be the joke of a currency that many experts and pundits had predicted. This is too bad, because the world could use something akin to Bitcoin ”
But MAXCOIN will save the day for the crypto currencies. Unlike b/coinz, you actually sort of know who is behind MAXCOIN and for a change you will have a real person to blame when it suffers the same fate as b/coin.
And of course, Max K will not be to blame when that happens. He’ll just time his distribution end within 5% of the top.
And forget the Colt 45. Get some 86 proof Jack or Jim. It dulls the senses even faster and it has the added advantage of tasing real good, too.
Ted Jr. said,
February 18, 2014 at 10:36 pm
“it has the added advantage of tasing real good, too.”
A stunning comment if I say so myself. Should be tasting of course….
George Smith said,
February 19, 2014 at 9:54 am
Yeah, there’s a taste advantage. But you learn to live and grow to like the more yeoman things.
What’s MaxCoin’s value? Eesh, I just checked. It’s only .0015 BitCoin. The average at MtGox today is $266. MaxCoin is worth only 40 cents!
I guess that means get in now, right?