cryptocoinsnews.com / JUSTIN OCONNELL / 04/09/2015

Buttcoin is a peer-to-peer butt. That’s what a Buttcoiner will tell you. When asked what the state of the Buttcoin Community is, “Texas” they’ll insist. When I let the Buttcoin community (mostly at the subreddit /R/Buttcoin) know my intention to write an article on them, nobody would talk to me. I thought I had stumbled onto some luck when I found the Buttcoin Foundation website, which clearly mocks the Bitcoin Foundation, a non-profit that claims to represent Bitcoin to regulators.

Barry Oners, the man who responded to me from the website’s contact form, agreed to an interview. He then goatsed me. It was shocking and disturbing. I made this post on r/Buttcoin, where after the moderators on Reddit stickied it to the top of the subreddit. In that post, I included the questions I sent to the Buttcoin Foundation. This elicited responses, some of the first in my research on Buttcoin.

I began to learn the ways of Buttcoin. Like Bitcoiners, Buttcoiners enjoys laissez-faire social philosophy. “The beautiful anarchy of minimum moderation flourishes here as we mine for comedy gold,”GreatGuy_GG tells me. “Mods have a minimum impact and have close to no intervention at this beautiful community they established with the goal of connecting anti-bitcoin shills.” GreatGuy_GG was once interested in Bitcoin technology.

“Sadly, it’s failure is inevitable because the majority of its user-base are anarcho-capitalists and neoliberal internet addicted upper middle-class Americans that have no idea about how modern economics work,” he wrote. The purpose of Buttcoin is multifaceted. For GreatGuy_GG, the growing community of Bitcoin shills offer a dose of sanity to Bitcoin fanatics.

“Some also see us as a bitcoin fanatic rehab center and that’s just great,” he wrote. While most Bitcoiners believe Bitcoin’s decentralized nature is its strength, some Buttcoiners, like GreatGuy, see this as its weakness.