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Bitcoin Capitalist Opens Bounty For New Block Cipher

Posted by timothy on from the now-how-much-would-you-pay? dept.

An anonymous reader writes: Bitcoin capitalist Mircea Popescu has opened a contest to find a new block cipher and is offering a 10 Bitcoin reward for a winning submission. The eccentric Popescu was previously featured on Slashdot for saving OpenBSD from their electric bill in their time of need.

2 of 72 comments (clear)

  1. Re: What? by c · · Score: 4, Insightful

    I'm really not sure how this was picked up for the front page, unless the new overlords are taking "pay-to-publish" submissions now

    It has "Bitcoin" in the title. Of course it got picked up.

    Don't you know the rules?

    Every day, there's gotta be at least one Forbes submission make it up, one hackaday, one from whatever site itwbennett is pushing these days (I don't click those links), and one Bitcoin story.

    It's like clockwork. Things are a little shaken up with week what with all the changes happening around here, but they'll get their groove back soon enough.

    --
    Log in or piss off.
  2. Re:What? by tnk1 · · Score: 4, Insightful

    It's not pretend rich if people actually accept his pretend currency for actual goods and services.

    Make no mistake, the people at the top of the Ponzi pyramid have a shit load of very real money at the end of it. It's just that it usually gets taken away by the government when they're hauled off to jail before they can escape with it.