03.12.14

A Fugly Truth Made Fuglier: A Cartoonist’s work will make you laugh until your jaw falls off

Posted in Culture of Lickspittle, Fiat money fear and loathers at 12:16 pm by George Smith

From the Financial Times:

By rights, Bitcoin’s community of enthusiasts, venture capitalists and start-up companies should now be occupied with how it can re-establish credibility after a series of unfortunate events. Instead, much of its energy over the past week has been taken up by fulminating about the magazine’s treatment of Mr Nakamoto …

Online forums have filled with virulent criticism, and a lot of sexist abuse, of Leah McGrath Goodman, the reporter who found the man she believes … is “Satoshi Nakomoto” …

“The recurring theme of Bitcoin is that it is exciting but it has been difficult to find good entrepreneurs. There is a set of guys who got lucky by setting up companies in the early days before it really took off. They were in the right place but were the wrong people,” says one venture capitalist.

Winkdex: $638, recovering.

From the LA Times:

Los Angeles County sheriff’s deputies say that a Newsweek reporter’s story exposing what the magazine claims is the founder of Bitcoin did quote them and the man featured in the article accurately, a spokesman said.

The San Gabriel Valley suburb of Temple City was inundated by reporters Thursday after Newsweek alleged resident Dorian Nakamoto was really “Satoshi Nakamoto,” the man behind the virtual currency. In the Newsweek article he is quoted as telling the reporter “I’m no longer involved in that and I cannot discuss it” while deputies are present.

But on Thursday he denied to the Los Angeles Times and the Associated Press that he was the founder …

Capt. Mike Parker said he has spoken to both deputies who responded to the suspicious persons call on Feb.20. He said “one of the two deputies had heard of bitcoins but only knew vaguely about them” prior to the call. He said the reporters’ statements and questions about Bitcoin prompted the conversation.

“Both sheriff’s deputies agreed that the quotes published in the March 6, 2014, Newsweek magazine Bitcoin article that were attributed to the resident and to one of the deputies were accurate.”

2 Comments

  1. Anon said,

    March 13, 2014 at 3:04 pm

    How man bitcoins can be exchanged for this?
    http://www.ebay.com/itm/Mad-Magazine-Alfred-E-Newman-1-Ounce-Silver-Round-999-Fine-/151249662406

  2. George Smith said,

    March 13, 2014 at 3:18 pm

    Holy crap! I thought MAD collectibles were more to the side of the Fink Along with MAD record …

    http://www.ebay.com/itm/fing-along-with-MAD-u-s-BIG-TOP-LP-1306-orig-1962-CRAZED-includes-ITS-A-GAS-/321297267985?pt=AU_Records&hash=item4acecf3d11

    Which is worth a bit under a tenth of a BitCoin, according to this. I once had “It’s a Gas” in the acetate/cardboard version which appears to be about worthless from a BitCoin pricing index.