02.24.14

The Ponzi Twins

Posted in Culture of Lickspittle, Fiat money fear and loathers at 2:31 pm by George Smith

America’s plutocrats, just because, from here last week:

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.

From the New York Times, on February 19:

Stock traders have the Standard & Poor’s 500. Bitcoin bettors will have the Winkdex.

The new financial index takes its name from the Winklevoss brothers, famous for their legal battle with the Facebook founder, Mark Zuckerberg. The Winkdex was released publicly on Wednesday and provides a regularly updated figure for the price of Bitcoin, the virtual currency that has risen in popularity over the last year …

There are already a bunch of these things. But they are not called Winkdex and perhaps lack the slick cachet of the Ponzi Twins.

If you have the old BitCoin client server and wallet for the PC, you know you can contribute to the BitCoin network. You can give it your electricity and resources to help keep track of worldwide BitCoin transactions in exchange for nothing.

The BitCoin wallet will gladly chew up electrons for you as your virtual crypto-currency wallet sits empty, not even inhabited by a virtual moth.

My BitCoin personal client address:

1AVgAs6MmoFGfDCUaWvJVKtJurZFyqt9ps

And, finally news you can use from a data center publication:

Can data centers tap unused server capacity to mine for Bitcoins? The question occurred to the team at the online backup service iDrive, which performs most of its customer backup jobs overnight, leaving its 3,000 quad-core servers idle for much of the day. So the company ran a test with 600 servers to see whether Bitcoin mining could become a secondary revenue stream.

The result: running Bitcoin mining software on those 600 quad-core servers for a year would earn about 0.43 Bitcoin, worth a total return of about $275.08 at current prices on major Bitcoin exchanges.

“Its a waste of time, so any other company thinking about mining with their infrastructure, learn from us,” said iDrive’s Matthew Harvey.


Yes, the blog now accepts BitCoin.

Please don’t make me so desperate that, like Jesse Korff, I start up a black market for exotic poisons on onion-network routers to just get a BitCoin by selling doses.

All I want, before I die, is to go home to Allentown and be able to use BitCoin to buy a sub sandwich on Hamilton Street.

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