Reddit No Longer Accepts Bitcoin (fortune.com) 61
Reddit, one of the most active hubs of Bitcoin enthusiasts, has dropped its support for the cryptocurrency. From a report: The widely read social media site will no longer accept Bitcoin as payment for its Reddit Gold program. A person claiming to be an administrator on the site told users who were grumbling about the shift that the decision was made, in part, due to Coinbase discontinuing its Merchant Tool product. "The upcoming Coinbase change, combined with some bugs around the Bitcoin payment option that were affecting purchases for certain users, led us to remove Bitcoin as a payment option," said user "emoney04."
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Reddit is coded by monkeys (Score:1)
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If you were correct it would be higher quality.
Cryptoscams everywhere! (Score:1)
If so-called cryptocurrencies are really good innovation, why they attract so many criminals/criminal activity?
Could it really be because, all cryptocurrencies themselves are scams, and that is why they attract all kinds of criminals/criminal activity?
If so-called cryptocurrencies are really currency, why no company/store can use Bitcoin as currency anymore?
Because the price of Bitcoin proved to be extremely unstable to use as a currency?
Would the result be different, if Bitcoin replaced by any other "crypt
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If so-called cryptocurrencies are really good innovation, why they attract so many criminals/criminal activity?
Are the two things mutually exclusive? Can criminals not be attracted to good innovation too? Is that why criminals always ask to leave the bank robbery with a getaway horse-and-carriage because a car is too innovative and criminals don't like innovation?
Could it really be because, all cryptocurrencies themselves are scams, and that is why they attract all kinds of criminals/criminal activity?
There very well might be crypto currencies that are scams. Bitcoin was an idea, not a scam. It all went a bit uncontrollably inflationary for a while, but that was driven by people wanting to get in on the action. Unwise investment but not a scam.
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If so-called cryptocurrencies are really good innovation, why they attract so many criminals/criminal activity? Could it really be because, all cryptocurrencies themselves are scams, and that is why they attract all kinds of criminals/criminal activity?
Are you saying drugs, prostitution, weapons and human trafficking are scams too? Because they surely attract criminal activity too.
End (Score:1, Troll)
Near is The end of the Bitcoin.
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I only visit /. to laugh at the neo-Luddites.
Cryptocurrencies... (Score:5, Insightful)
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I can sell you my GTX650 for only $995.
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Dead Weight (Score:5, Insightful)
Too bad for all the millennials who threw what little they had in retirement at this debacle. really, I feel bad for them. remember kids, real estate. Real land, real assets.
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Actually, April of 2017 Btc was 3300.
I think you've confused April with August. They do both start with "A". 500-600% is the change from April 2017.
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I've done extensive research that shows that no one has ever lost money with cryptocurrencies.
All my friends and colleagues that have invested tell me that they've made money. I've never met anyone who has lost. Amazing!
None of them ever tell me they lose when gambling either!
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Peter Thiel, first outside investor in Facebook... (Score:1)
and board member and also a major investor in reddit doesn't like anonymity, so I would guess this is coming from him. He is also linked to Cambridge Analytica that provided data to Trump that he used to place one TV ad during the primary. That means he has destroyed our elections.
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I hope more follow the lead... (Score:1)
I'm boycotting all the cryptocurrencies. There is *nothing* good about them. Who has a vested interest in these things?
a) Miners, who turn electricity and heat into "money", with no productive work output to show for it
b) Speculators, who exchange these for real currencies, without investing in any useful productive efforst
c) Criminal interests, who want to be able to move money without government interference
Conversely, who do these things hurt?
a) The environment, from massive amounts of waste energy cons