11/02/2018

The Bitcoin Losers Hotline

Have you lost money on bitcoin? There's a phone number you can call, if you can afford it.
I have an announcement to make. I nearly got into bitcoin before it went up in value. You know, like everyone you meet did.

I know that everyone claims it, but for a while back in 2010 I set up some computers mining for bitcoin, got bored, stopped it and thought, “Well, if I spend all this money running my Linux machines crunching numbers I'll have spent more than the couple of quid I'll probably get out of it.”

If I would have found a bitcoin it could have been worth £25,000, which would have paid my electricity bill. Maybe. If I wasn't on a Big Six standard tariff.

But I stopped it, besides, I am from the East Midlands so I find that definition of “mining” to be offensive to my people.

While I have have missed out on money I may have dodged a problem. People are getting so into bitcoin that a bitcoin addiction hotline has been set up in Moscow.

In recent weeks the value of bitcoin has halved and there's a worry that this could push some investors over the edge. The helpline is there for them to talk about their feelings, like the one that was set up to help us through the break up of Take That.

I imagine the calls go like this.

CALLER: Oh no, the value of bitcoin has crashed and I've lost lots of money.
HELPER: OK, but didn't the value of bitcoin shoot up at the end of last year earning you that money?
CALLER: (pauses) Shut up, I want sympathy!


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