Just a quick update of sorts to my original post on “The Bitcoin-Russian Information Warfare Nexus“, as I watch the bitcoin crash and note that Roger Stone paid a visit to the Ecuadorean embassy to drop off a love letter card to WikiLeaks founder Julian Assange.
I forgot to put something important in my first post.
The so-called first mention of bitcoin in “main stream media” was in a PC World article in relation to WikiLeaks’ acceptance of the cryptocurrency as a donation in December 2010. At least that is the way bitcoin mastermind Satoshi Nakamoto seems to have seen it too.
“It would have been nice to get this attention in any other context. WikiLeaks has kicked the hornet’s nest, and the swarm is headed towards us.” – Satoshi Nakamoto
One of the reasons I don’t invest time in money-generating side quests in video games is that the money isn’t real. Who cares if you have a million Gil, GP, ‘gold’, etc. but you drive a Hyundai Accent in real life? (No offense intended — I am so cheap I used to drive one by choice.) In one way, this is how the value of bitcoin and other cryptocurrencies look to me.
Their hyper valuations seem to be based on nothing more than the collective imagination of a bunch of game players hunched in front of their computer screens, having traded World of Warcraft quests for hashing programs. In addition, cryptocurrencies are mined using graphics cards, and this is quite literally where they become “video game money”.