21 BTCMagic Internet Money
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In plain words
When r/Bitcoin asked for ideas for a Reddit ad in February 2013, user mavensbot sent an MS Paint wizard with the caption “Magic Internet Money”. The ad went live on 6 November 2013, weeks before bitcoin first crossed $1,000.
Origin story
When r/Bitcoin asked for ideas for a Reddit ad in February 2013, user mavensbot sent an MS Paint wizard with the caption “Magic Internet Money”. The ad went live on 6 November 2013, weeks before bitcoin first crossed $1,000. Critics meant the phrase as an insult; bitcoiners wear it proudly. (We recreate the idea in text here rather than copying the original drawing.)
See also
- HODLDuring a crash, a BitcoinTalk user admitted he was a bad trader, a little drunk, and simply holding. He misspelled “holding” in the title.
- Laser eyesAs bitcoin crossed $50,000, a few accounts added red laser beams to their profile pictures with the rule: keep them until $100K. Soon members of Congress, Saylor and much of Bitcoin Twitter joined; El Salvador's president followed.
- Michael SaylorMichael Saylor is the co-founder and executive chairman of Strategy (formerly MicroStrategy), the company that holds more bitcoin than any other. Since 2020 he has been bitcoin's loudest corporate advocate, known for his quotes and memes.
- Orange pillA riff on the red pill from The Matrix (1999), in Bitcoin orange: the moment someone “gets” Bitcoin, or the act of explaining it to a friend (“I orange-pilled my dad”). We built a whole page for doing it kindly.
References
- Know Your Meme knowyourmeme.com