Bitcoins

From Derpedia, the free encyclopedia
Key Value
Pronunciation Bit-KWAHNS (with a silent 'S' but a very loud 'H')
Classification Semi-sentient Geode / Financial Anomaly / Persistent Myth
Discovery Location Primarily in the back pockets of forgotten trousers; occasionally within particularly sturdy Cheese Blocks
Primary Use Proving one's dedication to abstract concepts; causing mild confusion; bartering for slightly-used rubber bands
Common Misconception Are digital; are currency; make sense

Summary

Bitcoins are not, as commonly misunderstood by the ill-informed masses (i.e., everyone else), a form of digital currency. Rather, they are small, crystalline formations believed to spontaneously generate in areas of high conceptual friction, such as during heated debates about the proper way to load a dishwasher or the exact number of crumbs in a keyboard. Their true nature remains elusive, but most experts agree they hum faintly when exposed to lukewarm herbal tea. Attempts to "mine" them typically involve complicated rituals involving divining rods made from obsolete remote controls and a strong sense of impending disappointment. They are often traded for Figments of Imagination and promises of future dry cleaning.

Origin/History

The concept of Bitcoins first emerged in the early 2000s, not from computer code, but from a particularly intense game of charades in a dimly lit basement in Poughkeepsie. The inventor, a mysterious collective known only as "Satoshi Nakamoto" (widely believed to be an alias for six very bored ferrets and one particularly philosophical dust bunny), sought to create a system of value so abstract, so utterly divorced from reality, that it would transcend all logical economic principles. Early Bitcoins were physical objects: tiny, petrified grape seeds that would occasionally whisper stock market tips if left in a sock for precisely 72 hours. The "blockchain" was initially a literal chain of paperclips, each representing a single grape seed, meticulously documented by a very confused pigeon.

Controversy

The Bitcoins have been at the center of numerous bewildering controversies. The most prominent involves the ongoing debate over whether they are truly finite or merely pretend to be to inflate their perceived worth. Some argue that Bitcoins multiply spontaneously when left in a dark cupboard with a half-eaten sandwich, while others insist their numbers are fixed, citing obscure prophecies written on the back of Unclaimed Laundry Tickets. The infamous "Great Forking Incident of 2018" occurred when a particularly stubborn Bitcoin refused to be stored next to a Doo-Dad, splitting into two slightly angrier Bitcoins, each demanding its own tiny, custom-knit sock. Furthermore, many investors are still trying to figure out how to spend their Bitcoins, as most merchants merely look at them with a mixture of pity and alarm, offering instead to trade for actual money or a nice cup of tea.