Some of you may be aware of Bitcoins, a
Ponzi scheme pyramid MLM scam alternate currency developed by Internet libertarian Satoshi Nakamoto. People would "mine" bitcoins by having computers with high-powered video cards solve complex equations, then use them as "currency," supposedly. In reality, Bitcoins found a nice niche market in money laundering and drug sales, as a drug site named Silk Road used the "anonymity" of Bitcoins to mail drugs right to the P. O. Box of your choice. A wave of media attention drew speculation to the Bitcoin market, which promptly yo-yoed from $10 USD-1BTC to $37 USD-1BTC...and right back down again, within a week. This hilarious instability and crash can be chronicled on the ongoing thread:
http://forums.somethingawful.com/showthread.php?threadid=3413928&userid=0&perpage=40&pagenumber=1Over on Something Awful, where the goons have been analyzing the rise and fall of this tremendously stupid project for the past several weeks.
