Stephen Colbert, the charismatic host of CBS’ The Late Show, isn’t holding back his punches or his jokes when it comes to Bitcoin.

In a segment dubbed “Quarantinewhile,” which features a roundup of amusing news stories for viewers to watch while stuck inside, Colbert referenced a recent report from Vice in which hackers took control of internet-connected chastity cages — devices worn by men to prevent them from engaging in any sort of sexual activity — and demanded Bitcoin (BTC) to unlock them.

“Getting paid in Bitcoin? That’s the second stupidest idea I’ve heard,” said Colbert with a chuckle, implying the first would be:

“Apparently these people hooked up their dong cages to the net and then they got hacked [...] Of course this is going to happen — it’s one thing to give control of your deprivation box to a loved one, but it’s quite a leap of faith to say: let’s put my junk up in the cloud.”

Colbert was one of the few late night talk show hosts to do a mainstream segment on cryptocurrency back in April 2013 when the price of Bitcoin was fluctuating between $50-300. At the time, the then Colbert Report host seemingly agreed with Wall Street analyst Nick Colas’ assessment of the cryptocurrency, calling it “gold for nerds.”

“Bitcoin joins a rich tradition of made up currencies like Camel Cash and the Euro,” said Colbert. “Bitcoin has worth just because a bunch of people on the Internet have agreed that it is worth something.”

“If you don’t know what Bitcoin is… wanna buy some Bitcoin"_blank" href="" data-amp="">price of Bitcoin is $39,350, having risen more than 40,000% since that segment was broadcast eight years ago.