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Bitcoin Capitalist Opens Bounty For New Block Cipher
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.
he's just some random narcissist/megalomaniac who got lucky as an early adopter, runs a shady "unregistered corporation" and hides behind unenforceable legalese in his "corporate" governance docs to deny personal liability when the illegal sites he runs eventually turn any meaningful profit and garners the attention of taxing authorities. He also routinely claims to have singlehandedly saved bitcoin from imploding on itself by creating markets... that nobody actually uses. Now that he's effectively been shown to have been completely irrelevant in any measureable way in the bitcoin world, he's trying to create something new so he can claim to be its inventor...even though he has made no attempt to do anything himself on the matter (because he has very little in the way of actual coding skill, despite his claims to the contrary).
Oh, and saying any of this to his face will make him turn purple and scream and cry like a little girl (can't find the video offhand, but nobody like him in his home town and there is a video of him getting reamed by an older gentleman for being a little prick to everyone around him in some town hall meeting, and the twat just starts crying. It's painful to watch, really) - or, instead of crying, depending on which side of the manic/depressive bed he woke up on, he may just ignore the objector and insult them on multi-page rants about how the little people should stop talking so the betters can speak...something along those lines, I know I've seen "betters" bandied around a lot in places he tries to insert himself into, although I've seen very little of him recently since he's slipped down far enough into obscurity because the relevant people have learned to ignore him like the funny cousin nobody wants to invite to the family reunion. (And not funny "ha-ha", funny as in "hide the alcohol, he might have snorted his meds again, and someone predial the police, this may get ugly".) Sycophants hope he just pisses himself enough to want to pay even more for buying his "friends", in addition to the hookers he regularly trots out.