News - subcat

Microsoft shareholders gives thumbs down to Bitcoin
Published in News


Plan to replace real money with imaginary money a bit silly

The software King of the World, Microsoft, has decided not to invest in the Bitcoin Ponzi scheme, which would have transferred some of its real assets to the imaginary currency.

Apple takes down Damus
Published in News
Wednesday, 28 June 2023 11:40

Apple takes down Damus


Claims it could be used to sell digital content

The fruity cargo cult Apple has ordered Damus, a decentralised social networking app backed by Twitter co-founder Jack Dorsey, to be cast forth from its walled garden of delights for committing sins against the true and holy church.

Italians shocked after Bitcoin investment turned out to be a scam
Published in News


They told us we would be as rich as Berlusconi

Italy is reeling from a Bitcoin-based financial scam and what seems to have gotten their goat was that it was an Italian company behind it.

El Salvador discovered that Bitcoin really is a ponzi scheme
Published in News


But its fanboy president can’t help but buy more of it

While the Bitcoin ponzi scheme has been crashing and burning, one of its key fanboy’s El Salvador’s president cannot admit he has made a mistake.

US pressures El Salvador over Bitcoin
Published in News
Thursday, 17 February 2022 11:35

US pressures El Salvador over Bitcoin


President tells them to sling their hook

The US government has been told to sling its hook by Bitcoin fanboy El Salvador President Nayib Bukele.

Linus Torvalds did not create Bitcoin
Published in News
Monday, 07 February 2022 13:03

Linus Torvalds did not create Bitcoin


Mystery solved

Linus Torvalds has squashed an internet rumour that he is Bitcoin creator Satoshi Nakamoto.

Texas wants to make itself a citadel for bitcoin
Published in Cloud


Because citadels historically work well in Texas

Texas governor candidate Don Huffines said he is "committed to making Texas the citadel for bitcoin and has released a plan detailing the effort.

Bitcoin could be worthless
Published in News
Wednesday, 15 December 2021 11:44

Bitcoin could be worthless


Bank of England warns

The Bank of England has said that bitcoin could be "worthless" and people investing in the digital currency should be prepared to lose everything.

Texas about to stuff up its power grid for cryptocurrency miners
Published in Cloud


At this rate the Mexicans will not want it back

Texas, which has one of the most dodgy power grids in the US, is about to be hit by a surge in demand for electricity that's twice the size of Austin's as part of local government policy.

El Salvador's move to Bitcoin sparks praise and skepticism
Published in News


Done too quick 

The move by El Salvador to move to Bitcoin as legal tender has been greeted with praise and brickbats across the financial markets.