“[People were] stuffing computer cases (or bare motherboards held together with twine and Megabloks) full of video cards, rigging together many of these, and then driving up the power bill and room temperature in an attempt to win more Bitcoins. The profit margins are so thin (or at least they were until the current bubble started to inflate) that people would skip out on things like cases, monitors, keyboards, proper cooling, and safety.”
If you had invested $1,000 in Bitcoin just two months ago and sold it yesterday, you would have made about $9,000 in profit.
Once reserved to the darkest corners of the Internet, Bitcoin is a digital crypto-currency that’s quickly gaining favor internationally, due in part to attention on Cyprus’s banking emergency, its inclusion in the American financial regulatory framework, and increasing press coverage.
After a post-hack decline of about 20 percent, Bitcoin has rallied, again. Earlier this week, it hit yet another all-time high of just under $195.
Is it too late to clamber onto the bandwagon, roll around in the filthy lucre, and come out smelling like roses and mixing your metaphors profitably?
We asked a trio of Bitcoin’s major players if people should still invest and if so, why: Roger Vers, investor in a dozen Bitcoin startups; Adam Draper, founder of BoostVC; and Charlie Shrem, CEO of BitInstant and vice chair of the Bitcoin Foundation.
They all believe there is still money to be made. Here’s why.
Who says you actually have to rock the vote? Right now, Mitt Romney’s fixing to rap it.
Such a proclamation comes in the wake of our first witnessing “Where You Hide Your Money,” a two-minute bite on Ol’ Dirty Bastard’s “Got Your Money” that posits Mitt Romney as a Cayman Islands-residing booty shaker with a silver single-shot pistol in his hand and a woman on each arm.
The track, which comes from Fox’s Animation Domination High-Def and is absolutely appealing enough to warrant a repeat listen, is decidedly against the former Massachusetts governor’s much-maligned policies on things like gun control and taxing the rich.
“I get props from my main man Roger [Ailes, Fox News’ CEO],” Romney raps, “because he’s a fellow draft dodger. Born rich, I won the lotto. ‘Corporations are people’s my motto.”
A slanderous Mitt Romney rap hosted by a division of the same company that owns Fox News. Who says that modern media’s still biased?
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