• Press Releases
    • Submit a press release
    • Read All
  • Advertise
  • Contact us
Crypto.com Logo Crypto.com Logo
Bitcoinist.com
No Result
View All Result
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • Gambling
      • Bitcoin Casinos
      • Real Money Slots
      • Online Casino Real Money
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Industry News
    • Press Releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
    • Bitcoin Casinos – Where, What and How to Play
  • Events
  • Play Games
  • Play Casino Games
  • Play Finance
Breaking News: Binance.US Takes Action Amidst SEC Complaint: Delists Over 40 Trading Pairs
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • Gambling
      • Bitcoin Casinos
      • Real Money Slots
      • Online Casino Real Money
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Industry News
    • Press Releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
    • Bitcoin Casinos – Where, What and How to Play
  • Events
  • Play Games
  • Play Casino Games
  • Play Finance
Bitcoinist.com
No Result
View All Result
Breaking News: Binance.US Takes Action Amidst SEC Complaint: Delists Over 40 Trading Pairs
Reddit Bitcoin Wizard Set To Get Own Wall Street Journal Ad

Reddit Bitcoin Wizard Set To Get Own Wall Street Journal Ad

Matthew Tompkins by Matthew Tompkins
6 years ago
in News, Bitcoin, Bitcoin Community, News teaser
0

The Bitcoin Wizard on the Wall Street Journal is a crowdsourced attempt to place a Bitcoin advert in the newspaper, calling itself an ITO or Initial Troll Offering.


The Bitcoin wizard, a crude MSPaint advertisement used to promote the Reddit subforum /r/Bitcoin is seeing a crowdsourced attempt to place it in the Wall Street Journal. The move is planned to be the first of many promotional attempts to troll high profile institutions.

The ITO Whitepaper

The initiative presents its whitepaper on the btcwizard.fund website, where it is advertised under the auspices of an ITO or Initial Troll Offering;

Commonly referred to as an ITO, it is a fundraising campaign for ridiculous and fun concepts involving the trolling of institutions with Bitcoin… participants will fund projects whose sole intention is to make fun of things, people, or Jamie Dimon.

Jamie Dimon, head of JPMorgan made himself a target of the Bitcoin communities ire when he made comments calling Bitcoin a “fraud” among other derogatory remarks aimed at Bitcoin users.

The name ITO also trolls the current Ethereum ICO craze. The Bitcoin wizard himself is also a less than serious figure, actively poking fun at Bitcoin, the words “magic internet money” on the ad both mocking and celebrating Bitcoin’s incredible market cap (currently valued at over $100 billion), and the general perception of Bitcoin’s complexity. The wizard portrayed in the ad wields a Bitcoin staff and holds fire in his hand asking only one thing – Join Us.

The Wall Street Journal

Let's get our beloved #Bitcoin wizard on the WSJ! ✊

$350k goal. https://t.co/85v73JeGsm

— Hisham Fahmy (@fahmyeu) November 16, 2017

A full-page ad in the Wall Street Journal sells for approximately $350,000 and the whitepaper promises to return donated Bitcoins if the target is not met. If the target is met however then donors will be rewarded by having the Bitcoin wizard advert featured in the largest circulated newspaper in America. That’s approximately 2.277 million copies.

The ITO website has also reached out for suggestions for further crowdsourced Bitcoin troll activism.

Other Notable Cryptocurrency Crowdsourced Promotions

dogecoin

Community activism and crowdsourcing has a history in the cryptocurrency space, particularly in the Dogecoin community where the coin sparked the imaginations of a new generation drawn to Dogecoin’s less than serious attitude towards finance and cryptocurrency. The Dogecoin community grew from a general ironic cynicism of the cryptocurrency market, with clone Bitcoins being released thick and fast. However, users had seen the gains Bitcoin made and wanted some of that themselves.

Despite all odds, Dogecoin saw a huge surge in popularity with it particularly striking a chord with Reddit and 4chan users. The Dogecoin community’s achievements, arguably unlike the coin (753 Dogecoins to the dollar), cannot be discounted – they raised enough money to sponsor Nascar driver Josh Wise and also the Jamaican Bobsled team. The Dogecoin efforts demonstrated what the internet is capable of when achieving groundswell helping to bring cryptocurrency to a much larger audience.

The Bitcoin wizard also made headlines last week as the banner for Reddit sub /r/Bitcoin, which recently reached the 400,000 subscribers milestone.

Will you be donating to the WSJ fund? Do you have any suggestions for further fundraising? Let us know in the comments below.


Images courtesy of /r/Bitcoin, Dogecoin, Flickr/Sarah Gilbert

ShareTweetShareShare

Sign Up for Our Newsletter!

For updates and exclusive offers enter your email.

I consent to my submitted data being collected and stored.

Matthew Tompkins

Matthew Tompkins

Related Posts

Bitcoin

Bitcoin Investors Get Robust Returns In May – How Will Binance Lawsuit Affect Their Gains?

1 day ago
Rare satoshis

Rare Satoshis: The Rising Star In Crypto After BRC-20 And Meme Coins?

2 days ago
Bitcoin Whale Shark

Bitcoin Sharks & Whales Have Bought 93,000 BTC Since April Top: Santiment

1 week ago
Bitcoin

BREAKING: Bitcoin Mining Industry Spared From 30% Tax In US Debt Ceiling Deal

1 week ago
Bitcoin

Bitcoin Taker Buy Sell Ratio At Highest Since Feb, What Does It Mean?

1 week ago
Bitcoin

Bitcoin Shrimps Continue Aggressive Accumulation As Holdings Hit ATH

1 week ago
Please login to join discussion

Premium Partners

Premium Casino Partners

Play Finance

Now Trending

  • Whale Power Unleashed: Mooky Emerges as the Rival Meme Coin...

    7 days ago
  • Exploring the Meteoric Rise of Mooky: Could It Be the Next...

    7 days ago
  • Discover the Next Big Thing: Mooky.io Presale Boasting Fair...

    1 week ago

Top Casinos

Trust Dice
Trust Dice
Punt Casino
Punt Casino
mBit
mBit
1xBit
1xBit
K8
K8

Press Releases

  • dYdX Price Prediction for June

    2 hours ago
  • InQubeta (QUBE) Presale Sees High Adoption Rate Among...

    3 hours ago
  • Earn Interest with Uninvested Crypto Assets at Blofin

    3 hours ago
  • Cosmos (ATOM) challenger utilizes Blockchain AI –...

    4 hours ago
  • Don’t Ignore These 4 Crypto Gains If You Want To Make...

    4 hours ago

Bitcoin news portal providing breaking news, guides, price analysis about decentralized digital money & blockchain technology.

Bitcoin

  • News
  • Price
  • Businesses
  • Acceptance
  • Technology
  • Investment
  • Regulation
  • Reviews

Altcoins

  • News
  • Price
  • Ethereum
  • Ripple
  • Litecoin
  • EOS
  • NAGA

Categories

  • Blockchain
  • Security
  • FinTech
  • Technology
  • Trending
  • Breaking News
  • Press Releases
  • How to

Pages

  • Contact us
  • Editorial Policy
  • Advertise
© 2023 Bitcoinist.com. All Rights Reserved.
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • Gambling
      • Bitcoin Casinos
      • Real Money Slots
      • Online Casino Real Money
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Industry News
    • Press Releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
    • Bitcoin Casinos – Where, What and How to Play
  • Events
  • Play Games
  • Play Casino Games
  • Play Finance

© 2023 Bitcoinist. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.