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This is not /r/Bitcoin. This is /r/Buttcoin!
Buttcoin is a peer-to-peer butt. Peer-to-peer means that no central authority issues new butts or tracks butts. These tasks are managed collectively by the network. It’s like a bitcoin, but with butts instead.
Not us but these guys are awesome too
We're also at #buttcoin on synIRC
We've got 4 main rules:
Post Post Post!
ELI5: Why are butters willing to entrust the recovery of an exchange that lost more than $60m to the people operating it instead of legal procedures? (self.Buttcoin)
butterNcois が 1時間前 投稿
Is this some kind of financial cuckoldry or SFYL fetish?
[–]zom-ponks 3ポイント4ポイント5ポイント 1時間前 (0子コメント)
Stockholm Syndrome, I'd imagine.
[–]bitawareaustralia 3ポイント4ポイント5ポイント 56分前 (1子コメント)
What do you mean, "legal procedures"?
There was no smart contract and no code enforcing it, so the only law that existed was POLICE STATE law.
The only thing I'll ever say to one of those pig cops with guns is "AM I BEING DETAINED?!"
[–]JeanneDOrc 0ポイント1ポイント2ポイント 9分前 (0子コメント)
Don't worry, they called "the police".
What police and where, don't ask!
[–]vslashg 0ポイント1ポイント2ポイント 6分前 (0子コメント)
The butters have seen this play out over and over, and still somehow believed they were immune. When the exchange went down, the belief was shattered, and they knew their money was probably gone forever.
Getting back 64% is such a better outcome than they were mentally preparing themselves for that they are now euphoric. Forget the lack of transparency or security or legality. "They're only taking a third of our money? They're heroes!"
π Rendered by PID 15902 on app-82 at 2016-08-07 16:27:13.047852+00:00 running 5750d8d country code: JP.
[–]zom-ponks 3ポイント4ポイント5ポイント (0子コメント)
[–]bitawareaustralia 3ポイント4ポイント5ポイント (1子コメント)
[–]JeanneDOrc 0ポイント1ポイント2ポイント (0子コメント)
[–]vslashg 0ポイント1ポイント2ポイント (0子コメント)