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It all started with a random tweet that compares Chuck E. Cheese tokens and Bitcoin. The mouse-in-chief (or whoever controls its account) decided to join the fray with a bitter tweet that eventually went semi-viral.
[...] Multiple arguments went into play — from the BTC price that recently breached $10,000 once again to coin's 24/7 availability (Chuck E. Cheese cannot relate).
[...] It's not exactly clear what Chuck E. Cheese was trying to achieve with this tweet, but it definitely got what it desperately needed — media attention.
Multiple outlets, including the Wall Street Journal, have already covered what can be considered one of the strangest Bitcoin debates you will ever see on Twitter.
https://u.today/chuck-e-cheese-mouse-gets-roasted-by-cryptocurrency-enthusiasts
The tweet that started it all:
Ryan Hoover
@rrhoover
Chuck E Cheese tokens are cool and all but I'd rather earn Bitcoin
(Score: 5, Insightful) by Rosco P. Coltrane on Saturday July 06 2019, @01:33PM (11 children)
where what's considered newsworthy is an social media exchange between a random internet user and the marketing department of a fast food joint about monopoly money...
(Score: 5, Touché) by SomeGuy on Saturday July 06 2019, @03:26PM
Worse yet, we could honestly, realistically, non-jokingly, expect the President of The United States of America to weigh in on the matter using the exact same anti-social media platform.
The future is stupid.
(Score: 0) by Anonymous Coward on Saturday July 06 2019, @06:09PM (8 children)
says the dumb slave that loves federal reserve notes.
(Score: 4, Interesting) by Ethanol-fueled on Saturday July 06 2019, @10:55PM (7 children)
I never understood Buttcoin and other crypto-nutters. How that fuck you gonna cash out when youre in the boonies surviving off berries and squirrel meat and all power and networks are down? Its more likely that crypto is CIA fundraising because apparantly selling stolen heroin to your own population is unpopular.
(Score: 4, Informative) by driverless on Sunday July 07 2019, @04:23AM (4 children)
It doesn't even get as far as that. Friend of mine has $700,000^H^H^H$300,000^H^H^H$1.2M^H^H^H$50,000^H^H^H$450,000 in BTC and he's just sitting on it because there's no way to convert it into cash. You can't go to a bank and say "please convert my BTC into real money", you have to spend months laundering it through exchanges and paying exhorbitant fees just to cash out. So even in a perfect environment, you still can't do anything useful with it, meaning convert it into real money which you can use.
(Score: 0) by Anonymous Coward on Sunday July 07 2019, @12:06PM (3 children)
Wtf are you talking about? It isn't hard at all to cash out 100 btc... That's a trivial amount and you should be able to find an exchange that charges under 1% per trade. If you trade via the api the base fee is 0.1% at gemini https://gemini.com/api-fee-schedule/#api-fee-schedule [gemini.com]
(Score: 2) by driverless on Monday July 08 2019, @12:32AM (2 children)
OK, so now he's converted his BTC into Gemini dollars. Then what? Is it something like:
1. Mine BTC.
2. Convert BTC to Gemini dollars.
3. ????
4. Profit!
(Score: 0) by Anonymous Coward on Monday July 08 2019, @04:06AM
https://gemini24.zendesk.com/hc/en-us/articles/209113906-What-are-the-transfer-limits- [zendesk.com]
I presume the ???? bit is withdraw the money over a few days in up to 100k amounts from Gemini to a US bank of your choice?
(Score: 0) by Anonymous Coward on Monday July 08 2019, @05:32PM
Get an ACH or wire transfer to your bank account...
(Score: 3, Interesting) by meustrus on Monday July 08 2019, @05:39PM (1 child)
Bitcoin makes way more sense when you stop thinking about normal people and start thinking about high finance. See, "freedom" doesn't mean being able to buy groceries online without being tracked (actually, the blockchain tracks everybody, and your only claim to anonymity is in the difficulty of linking your identity to your wallet). "Freedom" means being able to execute deceptive asset trading practices without regulators stepping in.
Bitcoin was never intended to be actually used. It was always intended to be traded as a speculative currency, allowing early adopters the ability to take advantage of all the poor saps that aren't usually allowed to make trades with the sharks in the first place.
If there isn't at least one reference or primary source, it's not +1 Informative. Maybe the underused +1 Interesting?
(Score: 1, Interesting) by Anonymous Coward on Monday July 08 2019, @07:56PM
All the motivations for the initial development is public on bitcointalk and the earlier mailing lists.
(Score: 3, Interesting) by epitaxial on Saturday July 06 2019, @07:04PM
I'm all for routing Twitter off the internet. Nothing good has ever come from it.