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Bitcoin payments are the 'second stupidest idea I’ve heard,' says Late Show’s Stephen Colbert

Stephen Colbert, the charismatic host of CBS’ The Overdue Display, isn’t preserving again his punches or his jokes in relation to Bitcoin.

In a section dubbed “Quarantinewhile,” which includes a roundup of fun information tales for audience to look at whilst caught within, Colbert referenced a up to date document from Vice wherein hackers took keep watch over of internet-connected chastity cages — units worn by way of males to forestall them from enticing in any form of sexual job — and demanded Bitcoin (BTC) to unencumber them.

“Getting paid in Bitcoin? That’s the second one stupidest concept I’ve heard,” mentioned Colbert with a snigger, implying the primary could be:

“It sounds as if those other people connected their dong cages to the online after which they were given hacked […] After all that is going to occur — it’s something to present keep watch over of your deprivation field to a liked one, however it’s fairly a bounce of religion to mention: let’s put my junk up within the cloud.”

Colbert was once one of the crucial few past due evening communicate display hosts to do a mainstream section on cryptocurrency again in April 2013 when the cost of Bitcoin was once fluctuating between $50-300. On the time, the then Colbert Document host reputedly agreed with Wall Side road analyst Nick Colas’ evaluation of the cryptocurrency, calling it “gold for nerds.”

“Bitcoin joins a wealthy custom of made up currencies like Camel Money and the Euro,” mentioned Colbert. “Bitcoin has price simply because a number of other people at the Web have agreed that it’s price one thing.”

“In case you don’t know what Bitcoin is… wanna purchase some Bitcoin? No? You certain?”

On the time of newsletter, the cost of Bitcoin is $39,350, having risen greater than 40,000% since that section was once broadcast 8 years in the past.

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