Bitcoin payments are the ‘second stupidest idea I’ve heard,’ says Late Show’s Stephen Colbert

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Stephen Colbert, the charismatic host of CBS ‘The Late Show, doesn’t hold back his punches or jokes when it comes to Bitcoin.

In a segment called “Quarantine,” which contains a summary of amusing news for viewers inside, Colbert referred to a recent report by Vice in which hackers took control of internet-connected chastity cages – devices worn by men were to prevent them from any kind of sexual activity – and asked Bitcoin (BTC) to unlock them.

“Get paid with Bitcoin? That’s the second dumbest idea I’ve heard, “Colbert said with a chuckle, implying that the first would be:

“Apparently these people connected their dong cages to the grid and were then hacked […] Of course, this will happen – it is one thing to give a loved one control of your deprivation box, but it is quite a leap of faith to say: let’s throw my trash in the cloud. “

Colbert was one of the few talk show hosts to create a mainstream segment on cryptocurrency in April 2013 when the price of Bitcoin swung between $ 50 and $ 300. At the time, the then moderator of the Colbert Report apparently agreed with Wall Street analyst Nick Colas’ assessment of the cryptocurrency, calling it “gold for nerds.”

“Bitcoin has a rich tradition of compound currencies such as Camel Cash and Euro,” said Colbert. “Bitcoin was worth it just because some people on the internet agreed that it was worth something.”

“If you don’t know what bitcoin is, do you want to buy bitcoin? No? Are you sure? “

At the time of publication, Bitcoin was priced at $ 39,350, having risen more than 40,000% since that segment aired eight years ago.