Backpack full of Bitcoin

A descriptor for a shady kid

“Do you see Mason over there? He’s for sure got a backpack full of bitcoin”

by Shakespere4Real July 25, 2025

Bitcon Scheme

term to describe the Ponzi-like schemes of the cryptocurrency world, especially in terms of bitcoin; gets its name from "bit" as in "digital", and "con" as a twist on "coin", and to describe the type of scheme (so "digital coin" -> "digital con").

Used as an alternative to "Ponzi" because cryptocurrency adherants argue that only fiat currency is used as the ROI for early investors in Ponzi schemes, contrary to the imagined value of cryptocurrencies being used as the ROI in the cryptocurrency world.

"Mark lost all his crypto investments because it was all a Bitcon Scheme."

by JuliusCesarus June 27, 2021

Bitconnect

A cryptocurrency that was largely determined to operate as a Ponzi scheme, reaching a high of about $435 in value during its peak, and hitting a low of $0.89 as of today. Bitconnect has a lending platform with promises of returns that are generally regarded as unsustainable, causing people to argue that the returns are merely based on new funding put into the platform rather than the actual generation of profit. Suspiciously, the founders of this platform are anonymous. The SEC and possibly other U.S. government agencies are investigating this cryptocurrency.

Carlos: "It's a scam!"

"Biiiiiiiiiiiiiiittttcoooooooonnnnneeeeeeeeeeeccccctttttttt!"

John: "I just lost my life savings in Bitconnect."

by Prankster May 18, 2018

Bitcoiner

A heavily invested Bitcoin enthusiast.

Joe W: "Bitcoin is a joke!, It's a ponzi scheme! It's like baseball cards and tulip mania all over again".

Bitcoiner: "Bitcoin will reach $100,000 and then we'll see if it's a joke!"

by Dovetail November 12, 2013

Bitcoining

The act of farting in such large quantities that it eventually renders the air around you unbreathable, similar to the carbon emissions caused by excessive Bitcoin mining.

My wife pulled the sheets over my head and started bitcoining me. It was absolutely foul.

by BatteryMaster October 12, 2021

pro-bitcoinism

the stance in which one pretends to be neutral about bitcoin vs. other currencies, while subtly promoting it and/or downplaying any negative news about it.

Coindesk covers news about all cryptocurrencies, but it's really just a pro-bitcoinism outlet.

by AL Katraz July 30, 2021

this house is bitchin

During the CW show “The Flash”, Cisco tries to decipher Barry’s symbols. When he inputs it into the computer it deciphered as “THIS HOUSE IS BITCHIN”. Which then the meme was born. Some theorized that Bart Allen in the future would say that.

Come on, THIS HOUSE IS BITCHIN!

by 856cat October 22, 2017