Bitcoin funds are the ‘second stupidest concept I’ve heard,’ says Late Present’s Stephen Colbert

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Bitcoin funds are the ‘second stupidest concept I’ve heard,’ says Late Present’s Stephen Colbert

Stephen Colbert, the charismatic host of CBS’ The Late Present, isn’t holding again his punches or his jokes in the case of Bitcoin.In a phase dubb



Stephen Colbert, the charismatic host of CBS’ The Late Present, isn’t holding again his punches or his jokes in the case of Bitcoin.

In a phase dubbed “Quarantinewhile,” which contains a roundup of amusing information tales for viewers to observe whereas caught inside, Colbert referenced a latest report from Vice during which hackers took management of internet-connected chastity cages — gadgets worn by males to forestall them from partaking in any kind of sexual exercise — and demanded Bitcoin (BTC) to unlock them.

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

“Apparently these folks connected their dong cages to the online after which they bought hacked […] After all that is going to occur — it’s one factor to offer management of your deprivation field to a cherished one, but it surely’s fairly a leap of religion to say: let’s put my junk up within the cloud.”

Colbert was one of many few late evening speak present hosts to do a mainstream phase on cryptocurrency again in April 2013 when the value of Bitcoin was fluctuating between $50-300. On the time, the then Colbert Report host seemingly agreed with Wall Avenue 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 bunch of individuals on the Web have agreed that it’s price one thing.”

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

On the time of publication, the value of Bitcoin is $39,350, having risen greater than 40,000% since that phase was broadcast eight years in the past.