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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!
TIL how to be a Buttrepreneur (self.Buttcoin)
mr_robot-sh が 1時間前 投稿
Setup a website that allows anyone to purchase magic space beans from smart Chinese businessmen who mine said space butts and then cash out in fiat.
Make a commission on the trade. Charge a ridiculous percentage for 'processing the transaction'.
Charge fees to withdraw funds but don't charge fees to make deposits.
Freeze and then cancel trades during volatile periods and call it 'technical difficulties' or 'long backorders' to masquerade it as normal exchange behaviour in build up for your exit scam period in the future.
Siphon off butts slowly and steadily over 3 years.
Once most butts are gone and you've hidden them in unknown wallets, shut down the website and replace it with a single index.html file with an explanation of how the servers have been 'hacked' but not to worry since you're still assessing the extent of the damage.
After a few weeks, open up again, showing users that all their funds are available but that withdrawals have to go through a rigorous approval process in order to 'make sure hackers haven't compromised your account'. This should slow the withdrawals down. Meanwhile, allow unlimited deposits and purchasing of spacescoins.
Claim the butts were all stolen and that the company must go into liquidation. All losses are exempt from US law as the company is registered in some offshore jurisdiction with contempt for financial regulation.
Tumble mix your new cornscoins and diversify to different hot wallets.
Slowly sell some of them off.
Buy a new domain name
Go to step 1
Optional step (for those looking to expand the business):
Add some more space currencies as optional trading 'assets' under different names such as Buttmonero or Buttether
[–]alphgeek 1 ポイント2 ポイント3 ポイント 58分前 (0子コメント)
Not bad! You're at least a corporal of industry already and a certified ideas man or woman.
If I can offer a suggestion regarding step 3, have you considered just eliminating withdrawals altogether? I've seen that model used.
Alternatively, allow people to set up accounts and deposit easily but require extremely stringent KYC before "allowing" withdrawals - start with license, passport, bank accounts and social security number for the customer, their parents, get written references from local authorities etc. Then you can sell their docs and/or steal their identities yourself. It'd make a nice side hustle.
Of course, there'll always be another document that they have to send before you can process their withdrawal - just blame the government for "trying to kill bitcoin" and they'll never cotton on to it.
π Rendered by PID 36770 on app-176 at 2017-04-06 08:18:00.970422+00:00 running 74b5743 country code: JP.
[–]alphgeek 1 ポイント2 ポイント3 ポイント (0子コメント)