Say hello to Buttcoin and the community celebrating Bitcoin's fall

Say hello to Buttcoin and the community celebrating Bitcoin's fall
From Mashable - February 5, 2018

Bitcoin may be down, but oh man Buttcoin has never been better.

As cryptocurrency investors around the world bemoan the loss of their life savings, a contrarian community that prefers to see the humor in the recent correction has formed online under the banner of Buttcoin. And they are loving every minute of this tailspin.

Like some sort of Mirror Universe version of r/Bitcoin, the Buttcoin subreddit is filled with memes and posts applauding every downward-trending Bitcoin milestone. Just dropped to $9,000? Let's celebrate. Hit $7,000? Time to bust out the caviar.

One upvoted Feb. 5 post sums up the mood nicely. "I am having an orgasm watching the prices dropping - upvote if you are a sick degenerate like me," it reads. "i just kept 0.1 bitcoin to enjoy some delicious pain in the process."

Mocking the cryptocurrency faithful's rallying cry of "to the moon"where the value of their portfolio is surely heading in their eyesis also part of the fun.

Perhaps the loudest voice in the Buttcoin space can be found on Twitter at, you guessed it, @Buttcoin. While the account is now managed by several people, it was originally created in 2011 by one guy who is also responsible for the subreddit and the now-defunct (you can see the earlier posts on a mirror site).

In conversation over encrypted chat, the creator of the Twitter account shared Buttcoin's origin story.

"The name grew out of the Something Awful forums," explained Barry Oners (an intentionally erection-evoking pseudonym). "In 2011 Gawker wrote an article about Silk Road and how bitcoins were involved. This is kinda how Bitcoin enters the mainstream.


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