A fork of Rural Dictionary
An ATM-like machine that takes in real money, and spits out fake currency with imaginary value, usually cryptocurrency (bitcoin, etc.)
Steve mistook a Madoff Machine thinking it was a regular bank ATM - now his cash is gone.
the name given to a troll that shills for bitcoin in internet discussions, and whose behavior toward others is always toxic when those discussions might have any hint of negativity about bitcoin; usually posts under a pseudonym or anonymously; most often found in discussion forums such as Slashdot and Reddit, and/or article comment sections. They'll often write in support of/upvote their own replies using sockpuppet accounts. They are also sometimes referred to as a Bitcoin Cultist or Bitcoin Maximalist.
Gets their name for two reasons:
1. they often compare all forms of currency other than bitcoin as being as worthless as the mineral pyrite in their arguments when shilling for bitcoin
2. they themselves are chasing the "fool's gold" (bitcoin) in religious/cultist ways
Some believe that no self-respecting bitcoin owner would waste their time to make their arguments to people whom they consider "a lost cause" themselves, and since most of these troll posters keep replying in discussions with the same tired arguments concocted in their echo chambers ad infinitum (i.e. to always get the last word), it is thought that these posters are simply poor people getting paid by said bitcoiners per post, likely in Dogecoin.
We were having a discussion about Ethereum, so naturally a Pyrite Pete came along to claim we were all wrong.
a bitcoin "enthusiast" that is easily triggered by the mention (or mere existence) of any alternative crypto coins, because they see these as competition and a threat to bitcoin. They are unwilling to accept the fact that other coins can exist, and perceive their existence as an insult because bitcoin was the first (and what they consider the only) cryptocurrency and that all others are copycats, "scams" or otherwise "shit". They claim bitcoin was the best financial instrument invented in the last 1000 years, while also claiming that nothing better could ever possibly come along in the future.
They are called "boomers" not because of their age, but instead because of their holier-than-thou attitude towards others, and their belief that they've been part of the crypto currency scene long enough to declare themselves an authority on all things finance (even if a latecomer to bitcoin). They are also sometimes referred to as a Bitcoin Maximalist and/or Bitcoin Cultist.
Pete: "There's bitcoin, and then there's shitcoin."
Jane: "OK, bitcoin boomer."