Topic: 2012-08-14 yle.fi /Ajankohtainen kakkonen (Finnish TV2) - Bitcoin (Read 4097 times)

 Justin Bieber is a bitcoin developper !!   



 

Well done! Thanks.

I went ahead and made English subtitles for the video. They are a bit rushed, but I suppose they are okay.

http://www.youtube.com/watch?v=7vYH1JH73pw

Sorry, I've been away from forex for a while.
So, what is this new Bitcoin thingy, and what is its current exchange rate in squirrel skins?
 
I've got a few nice ones to trade:

Has this affected the Euro trading volume recently? I'd expect a rise in volume within the next few days after people have done their research. All the Euro brokers should be set for some growth in trade.

This also hints at that: http://www.google.com/insights/search/#q=bitcoin&date=today%2012-m&cmpt=q

There is an article and an infographics about it in Bitcoin Magazine #2. Yep, Finland indeed ranks very high. Finland is in top 3 IIRC for bitcoin clients per capita. Read more about it in Bitcoin Magazine issue #2.  

We also shipped some bulk orders of BM to Finland. So yes it is one of the most active countries and traditionally finns are on the forefront of many good things including Linux, Internet and Bitcoin. I, for example, remember Finland being the best country for downloading all those warez from in early 90's LOL. YAY Finland!

How do you know that about Finland being the biggest bitcoin country per capita? Are you measuring nodes?

Someone should do an english translation. 

bitcoin magazine shot at 4:30
and at 1:25
bitpay at 1:30

01:22 - See how cool it is to have back cover ads. No you cannot have it. It is all booked for foreseeable future. 

I hope one time will be more shops where people can buy daily food with bitcoin.Vegemesta is nice for example

Wow! Thanks for the summary lulz to the police guy

I don't have the time or inclination to do a full translation.

Basically it's a fairly neutral, if naive and superficial, look at the Bitcoin system. They ask enthusiasts why they think Bitcoin is better than "traditional currencies", buy some bitcoins from bittiraha.fi, use those coins to buy food at vegemesta, and interview some more prominent personas.

They also interview a spokesperson for the Bank of Finland, who has two points: There are no guarantees that you will be able to convert fiat investments back into fiat from Bitcoin at any given rate, and that it is perfectly legal. (the latter being nice to hear, but of course her words are not law.)

Interviewed, as well, is a senior inspector (chief inspector? my vocabulary has gaps in areas of rank...) from the National Bureau of Investigation (police), who notes it's "trading in squirrel skins" (Finnish idiom for an apocryphal, archaic currency), a system into which wealth can be channeled, with no bookkeeping of the kind "known to current law". When asked if Bitcoin can therefore be used for tax evasion and money laundering, she declines to answer, saying society would likely not appreciate it if the police gave advice on how to use Bitcoin for criminal activity.

Finishing up, the journalist notes several people interviewed caution against investing recklessly in Bitcoin, as the valuation fluctuates and "the funds can be hacked" and  the future of Bitcoin is unpredictable.

Translation?

This is actually really big. That show has average viewership of over 500 000 which is around 10% of the Finnish population. We got major visibility there. Finland is already the biggest Bitcoin country (per capita), now it's going to another level.

I will try to get that Youtube vid subtitled asap so you guys can understand.

Ajankohtainen kakkonen is a Finnish current affairs television series broadcast in Finland on TV2 since 1969.


This is in Finnish - so I don't know what they're saying, but it shows various well-known bitcoin services such as bitpay, easywallet etc - and snippets of English bitcoin videos.