I don't think the "businessinsider" article deserved such a thorough rebuttal: it's a worthless piece of blatant propaganda written by an editor that is "fed" by Visa and Mastercard on a full time basis.
The fact that lobbyists must now resort to misrepresentations of bitcoin is another sign that bitcoin is recognized as a viable alternative.
Topic: 2012-04-12 BusinessInsider's misconceptions about Bitcoin (Read 1727 times)
Quote
BusinessInsider's misconceptions about Bitcoin
2012-04-12 Vitalik Buterin
http://bitcoinmagazine.net/businessinsiders-misconceptions-about-bitcoin
Joining the recent outburst of new Bitcoin-related articles in mainstream media, BusinessInsider has written an article with an anti-Bitcoin view. Unfortunately, though, the article contains quite a few flaws, both blatantly incorrect and highly misleading statements and misplaced fears about potential “problems” that the Bitcoin community has had solutions to for over a year.
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In the essence: Vitalik Buterin rebutes claims of 2012-04-12 Vitalik Buterin
http://bitcoinmagazine.net/businessinsiders-misconceptions-about-bitcoin
Joining the recent outburst of new Bitcoin-related articles in mainstream media, BusinessInsider has written an article with an anti-Bitcoin view. Unfortunately, though, the article contains quite a few flaws, both blatantly incorrect and highly misleading statements and misplaced fears about potential “problems” that the Bitcoin community has had solutions to for over a year.
[...]
http://www.businessinsider.com/dont-bank-on-digital-currency-bitcoin-replacing-the-dollar-2012-4
Since the original was quoted in now locked topic(https://bitcointalksearch.org/topic/m.847302) I thouth that rebutal should get some attention as well.
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