2 definitions by Spelunkin Magazine
The act of sitting on substantial wealth reserves with no intention and/or ready method by which to exchange it for goods and services. A reference to the dragon named "Smaug" from J.R.R. Tolkien's "The Hobbit" who acquires and obsesses over vast treasure reserves yet has no way or desire to spend or trade them.
Used to refer to members of the Bitcoin community who have acquired large stores of bitcoins yet few outlets by which to spend them for things that they might want.
Used to refer to members of the Bitcoin community who have acquired large stores of bitcoins yet few outlets by which to spend them for things that they might want.
by Spelunkin Magazine December 17, 2013
The claim of some kind of oppression or other adverse condition being inflicted against the claimant personally or to a group/faith to which the claimant belongs to that is obviously hyperbolic or at least certainly exaggerated in terms of severity.
Generally Ted's libertarian beliefs seemed to have merit until he went fully down the fauxpression road by claiming that taxes literally made him a slave.
by Spelunkin Magazine February 28, 2014