Bitcoin Payments Are The ‘Second Dumbest Idea I’ve Heard Of’, Says Late Show’s Stephen Colbert



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Stephen Colbert, the charismatic host of CBS’s The Late Show, doesn’t hold back his punches or jokes when it comes to Bitcoin.

In a segment titled “Quarantine While,” which features a roundup of fun news that viewers can watch while still getting stuck inside, Colbert referred to a recent report from Vice in which hackers took over. controlled internet-connected chastity cages – devices worn by men to prevent them from engaging in any sort of sexual activity – and demanded Bitcoin (BTC) to unlock them.

“Getting paid in Bitcoin? This is the second dumbest idea I’ve heard, ”Colbert said with a chuckle, hinting that the first would be:

“Apparently these people plugged their dong cages into the net, then they got hacked […] Sure, it will happen – it’s one thing to give control of your deprivation box to a loved one, but it’s quite a leap of faith to say let’s put my garbage in the cloud.

Colbert was one of the few late-night talk show hosts to do a mainstream cryptocurrency segment in April 2013, when the price of Bitcoin was fluctuating between $ 50 and $ 300. At the time, the then host of the Colbert Report apparently agreed with Wall Street analyst Nick Colas’ assessment of cryptocurrency, calling it “gold for nerds.” .

“Bitcoin joins a rich tradition of compound currencies like Camel Cash and the Euro,” Colbert said. “Bitcoin is valuable simply because many internet users have agreed that it is worth something.

“If you don’t know what Bitcoin is… do you want to buy Bitcoin? No? Are you sure?”

At the time of publication, the price of Bitcoin is $ 39,350, having risen by over 40,000% since this segment was released eight years ago.