Magic Internet Money: How a Reddit ad made Bitcoin hit $1000 and inspired South Park’s art department.February 18, 2013 (1 BTC = $26)Bitcoin subreddit moderator /u/theymos created a thread asking the community to submit ideas for a Reddit ad for /r/bitcoin.Within an hour of the request, /u/mavensbot introduced to the world an MS Paint drawing of the Magic Internet Money Wizard.Little did they know the influence it would soon have in not only growing the subreddit and becoming the most popular Reddit ad ever, but also being one of the key factors in Bitcoin reaching a valuation of over $1000.First draft of the Reddit Ad.Final submitted version.Why use MS Paint?Was he being lazy and not taking the matter seriously?Shouldn’t he have used Photoshop/Illustrator/InDesign instead and followed one of the countless design tips that creatives and agencies live by?If you were to hire a marketing agency with a team of graphic designers and task them of creating an ad to promote the subreddit, the results would have been no where near what he created.

You would have probably gotten an overly thought out abstract concept.Billed a 5 figure sum.And then spent the next 2 months trying to convince yourself that the ad was a success.November 6, 2013 (1 BTC = $287)The Magic Internet Money Reddit ad goes live.The subreddit at the time had ~56k subscribers./r/bitcoin ad as seen on Reddit’s front page.The pure simplistic design of the ad caught the eye of the Reddit users visiting the front page of the internet and peaked their curiosity.Traffic to the subreddit page grew.People educated themselves on this decentralized currency, saw the benefits, and began investing in it.By the end of the day, Bitcoin value reached over $300.November 9, 2013 (1 BTC = $325)South Park’s art department drafts their hand drawn flyer of Cartman, the Wizard King, that was to be used in episode 7 of season 17 titled Black Friday.Source: Comedy CentralNovember 13, 2013 (1 BTC = $416)The episode is aired and /r/Bitcoin users noticed that South Park paid homage to the Magic Internet Money ad.Source: Comedy Central/South Park s17e07 Black FridayMere coincidence?

Reddit was and still is one of the most popular websites in the USA.The chances that South Park’s creative team saw the ad and got inspired are very high.Here is an in depth analysis and highly detailed comparison of both ads.The resemblance is uncanny.In depth analysis and comparison.November 29, 2013 (1 BTC = $1,132)22 days after the ad was published, /r/bitcoin had ~74k subscribers, a 36% increase, and Bitcoin reaches a new record high.litecoin mining legalThe world celebrates.The goal was not only to grow the subreddit’s community, but also bring awareness to Bitcoin and its magical properties.bitcoin kapitalAs a result, we saw the value jump from $287 to $1132 in just 22 days.One key takeaway on creating banner ads that convert is understanding your audience.bitcoin core download blockchain

There are countless campaigns that get attention but don’t move the needle.This ad was successful because /u/mavensbot understood what makes Redditors tick.Knowing how to design for specific social networks is something that a lot of graphic designers and marketers seem to miss./u/Amanojack puts it together well in his comment:…for reddit the MSPaint ad really hits the sweet spot.It’s hard to explain why, other than to say it’s disarming and charming in all the right ways.bitcoin sejarahIt doesn’t feel like self-promotion because it pokes fun at itself, and on reddit that is hugely important I feel, having read reddit for 7 years.If you’re having doubts of these claims, you don’t have to take my word for it.panama vps bitcoinJust read some of the comments and threads people made for this ad.Just a few of the top threads opened discussing the ad.Selected comments from various threads mentioning the ad.So I leave you with this challenge.litecoin silver

Next time you want to create an ad, say “WTF”.If /u/mavensbot would not have created this ad, who knows what the current state of Bitcoin would have been.ShareConnect with Facebook to get started Or connect with your favorite login or Gift Cards at your fingertips Buy, send & redeem eGift Cards Chip in with friends Store and manage gift & loyalty cards Slim down your wallet in seconds Save $ on every purchase Get the App!gry online bitcoinor select value or enter value $ Buy for Yourself Send to a Friend Send as Group Gift Description For more information, visit Fast and simple checkout process - no additional fees Earn DOUBLE points when you pay with your bitcoin or with the eGifter mobile app Got questions?comprar bitcoin vale a pena

We've got answers in our Bitcoin FAQ How it Works Click to watch “How it Works” Video eGifter Accepts:San Diego gets its first Bitcoin ATM - CBS News 8 - San Diego, CA News Station - KFMB Channel 8 San Diego gets its first Bitcoin ATM Posted: wnRenderDate('Thursday, September 18, 2014 4:38 PM EDT', '', false); Updated: wnRenderDate('Thursday, September 18, 2014 8:52 PM EDT', '', false); SAN DIEGO (CBS 8) - The Bitcoin craze comes to San Diego, with the city's first-ever digital currency ATM.The newly unveiled machine allows users to exchange cash for Bitcoins -- that's if they can afford it.With this  machine, you give it money, and it converts the cash into a software-based online payment system where a code on your cell phone opens your virtual wallet.bitcoin tijd"Bitcoin is a way to make person-to-person payments without interface.And so what I mean by 'interface' is you have no corporations, no banks or politicians that can interfere with your free association with other people," Bitcoin Merchant CEO Steven Michaels said.With less regulation, the cost of doing business drops, which is why businesses like Downtown Johnny Brown's now accept Bitcoins.

But that less regulation is also what makes Bitcoins controversial.Critics argue they make it easier to sell drugs and launder money, and recently a major Bitcoin exchange went under, making investors' money there worthless."Justlike banks, you have to be concerned about who you deposit your funds with," Michaels said.Michaels believes the limited supply of Bitcoins will eventually drive the price up, making them a good long-term investment.But since a spike in the price last December to just over $1,100, the value of Bitcoins have been dropping, and now stand around $430.More than 100 businesses in the county accept the virtual currency, and starting Thursday there are 6 Bitcoin ATMs, with plans for more.News 8's Ashley Jacobs introduces us to a smorgasbord of exciting entertainment from around the globe as the San Diego Zoo Safari Park kicks off Summer Safari fun.Five years after the Sweetwater Union High School District board spent $4.5 million to put iPads in the hands of seventh graders, nearly all of the Apple tablets are classified as out of inventory, lost or stolen.

Five years after the Sweetwater Union High School District board spent $4.5 million to put iPads in the hands of seventh graders, nearly all of the Apple tablets are classified as out of inventory, lost or stolen.The perfect beach day meets a pizza night.A new restaurant in the North Country is delivering pizza right to the sand.The perfect beach day meets a pizza night.For the first time, the San Diego Museum Council is partnering with artists for collaborative mural exhibition.is offering to test the air in any home in the three mobile home communities located over an increasingly high profile chemical plume that runs underground through part of El Cajon.is offering to test the air in any home in the three mobile home communities located over an increasingly high profile chemical plume that runs underground through part of El Cajon.A La Mesa couple isn't letting terminal cancer stop them from getting married.Knowing he doesn't have much time left, 44-year-old Bryce decided to tie the knot with his longtime love Ragan.

CBS News 8's Alicia Summers reports from Downtown on how the Larry Himmel Neighborhood Foundation helped make their special day possible.A La Mesa couple isn't letting terminal cancer stop them from getting married.Knowing he doesn't have much time left, 44-year-old Bryce decided to tie the knot with his longtime love Ragan.CBS News 8's Alicia Summers reports from Downtown on how the Larry Himmel Neighborhood Foundation helped make their special day possible.Buddy, a 2-year-old Yorkie mix, is looking for a loving home.Buddy was rescued with 180 of his friends from a hoarding case in Poway.He was found with a severe injury to his back leg, causing the removal of his paw.Buddy, a 2-year-old Yorkie mix, is looking for a loving home.He was found with a severe injury to his back leg, causing the removal of his paw.Because of his injury, Buddy is looking for a family who can help manage his special needs and get him the lifelong care he needs.For the first time, Nitro Circus Live comes to San Diego!

Dare devils will take over Qualcomm Saturday and perform stunt after stunt.For the first time, Nitro Circus Live comes to San Diego!Dare devils will take over Qualcomm Saturday and perform stunt after stunt.Think outside the toolbox and beyond the fairways when it comes to Father's Day gifts.Think outside the toolbox and beyond the fairways when it comes to Father's Day gifts.The Roxy Encinitas is hosting a grand opening benefit Tuesday.While they want you to join in the celebration, they really want to emphasize the importance of giving.Owner Paula Vrakas stopped by News 8 with a sneak peek of their menu and a look at the organizations the event will benefit including the Seany Foundation.The Roxy Encinitas is hosting a grand opening benefit Tuesday.While they want you to join in the celebration, they really want to emphasize the importance of giving.Owner Paula Vrakas stopped by News 8 with a sneak peek of their menu and a look at the organizations the event will benefit including the Seany Foundation.