2013-03-21 Bloomberg - A look at the World's Largest Online Currency

Mike Christ

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Quote from: Akka on March 21, 2013, 03:28:34 PM

Quote from: molecular on March 21, 2013, 02:22:08 PM

haha:

Quote from: idiot dude

well is it? Let's talk to Ron Paul and Ben Bernanke wether or not this really is a currency.

hell yes. That's the only sensible thing this guy said the whole time while repeatedly interrupting the nice ladies. What a crook.

Yep that guy is a dick.

It's amazing how people that perceive themselves a smart can just dispatch something they probably here the first time of, without even listening to what it actually is.

But that's something a Bitcoiner that tries to introduce it to people has to learn to live with.

The only upside is, that (hopefully) some day I will be able to greet people not with "Hello", but with "I told you so".

The issue with people who believe they know everything: they stop learning, and cease to know everything Tongue

molecular

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Quote from: RodeoX on March 21, 2013, 03:27:53 PM

Quote from: molecular on March 21, 2013, 02:22:08 PM

haha:

Quote from: idiot dude

well is it? Let's talk to Ron Paul and Ben Bernanke wether or not this really is a currency.

hell yes. That's the only sensible thing this guy said the whole time while repeatedly interrupting the nice ladies. What a crook.

Ask away. Meanwhile we use it as a currency everyday. WTF does Ron Paul have to do with it? lol

I don't know. Maybe he misunderstands Ron Paul as a goldbug (which he's not as I understand: he's more of a "free market for money, let's have a competition"-guy)

Akka

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Quote from: molecular on March 21, 2013, 02:22:08 PM

haha:

Quote from: idiot dude

well is it? Let's talk to Ron Paul and Ben Bernanke wether or not this really is a currency.

hell yes. That's the only sensible thing this guy said the whole time while repeatedly interrupting the nice ladies. What a crook.

Yep that guy is a dick.

It's amazing how people that perceive themselves a smart can just dispatch something they probably here the first time of, without even listening to what it actually is.

But that's something a Bitcoiner that tries to introduce it to people has to learn to live with.

The only upside is, that (hopefully) some day I will be able to greet people not with "Hello", but with "I told you so".

RodeoX

legendary

Activity: 3066

Merit: 1147

The revolution will be monetized!

Quote from: molecular on March 21, 2013, 02:22:08 PM

haha:

Quote from: idiot dude

well is it? Let's talk to Ron Paul and Ben Bernanke wether or not this really is a currency.

hell yes. That's the only sensible thing this guy said the whole time while repeatedly interrupting the nice ladies. What a crook.

Ask away. Meanwhile we use it as a currency everyday. WTF does Ron Paul have to do with it? lol

molecular

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Activity: 2772

Merit: 1019

Quote from: ?? on ??

Quote from: maxmint on March 21, 2013, 02:27:36 PM

...
It would take 3 minutes to explain the most important facts to him.

Possibly but only with the help of a blunt instrument.

Possibly with the help of a blunt? Seeing the silkraod usually gets people to seriously think bitcoin could be something.

molecular

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Quote from: cypherdoc on March 21, 2013, 02:33:42 PM

Quote from: Piper67 on March 21, 2013, 02:09:56 PM

Quote from: Spaceman_Spiff on March 21, 2013, 01:51:04 PM

Might be a stupid question, but is this the first time we get airtime on a big network? (outside of the good wife

)

There was a much better Bloomberg segment on last week.

i wouldn't say that one was better.

i actually enjoy the confusion and outright skepticism displayed by commentators who don't understand the slightest about what they're dealing with. they're almost frantic. Sarah Eisen did great though. watch that look she gives the guy near the end.

one day it will hit them right between the eyes and it won't be pretty.

Imagine them watching this video in 5 years or so when (if) bitcoin is the world currency. Absolutely painful!

It's like picturing myself quitting the satoshi client in may 2010 on my laptop thinking: "this shit clearly isn't working, there should be at least 0.01 BTC after 2 days of 'generating'": absolutely painful.

cypherdoc

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Quote from: Piper67 on March 21, 2013, 02:09:56 PM

Quote from: Spaceman_Spiff on March 21, 2013, 01:51:04 PM

Might be a stupid question, but is this the first time we get airtime on a big network? (outside of the good wife

)

There was a much better Bloomberg segment on last week.

i wouldn't say that one was better.

i actually enjoy the confusion and outright skepticism displayed by commentators who don't understand the slightest about what they're dealing with. they're almost frantic. Sarah Eisen did great though. watch that look she gives the guy near the end.

one day it will hit them right between the eyes and it won't be pretty.

tjohej

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Magic Staff

Guess this news wasn't big enough for bloomberg to host the relating video on their youtube channel.

mccorvic

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Quote from: molecular on March 21, 2013, 02:22:49 PM

"it multiplies and then it halves... it's very complicated".

I think this should be the official bitcoin slogan. Grin

maxmint

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Here's the problem: most people don't even try to understand what bitcoin is. I mean, the guy is comparing it to farmville... he obviously has no clue what bitcoin is all about.
It would take 3 minutes to explain the most important facts to him.

molecular

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Quote from: mccorvic on March 21, 2013, 01:16:18 PM

It really is funny to see how the information about bitcoin gets processed by people new to BTC. I know we all want to blame them for not "Getting it" but we also have the opportunity to look inward and adjust how we introduce people to BTC and teach them about it.

Though, the guy who said that the purpose of currency is to tax it is beyond hope and needs to just take a basic econ course or something.

Well, if you define currency as "money controlled by a nationstate" then it's maybe not so wrong to attribute taxation (by inflation) as one of its purposes. But maybe that's stretching it a bit too far and probably not what he had in mind.

molecular

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Quote from: labestiol on March 21, 2013, 10:38:52 AM

Could be worse, but they still clearly don't get it.

Funniest moment is probably the confusion around "algorithms", where basically bitcoin issuance algo is the same (bad) thing as algorithmic trading.

yeah, lol: "it multiplies and then it halves... it's very complicated".

molecular

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haha:

Quote from: idiot dude

well is it? Let's talk to Ron Paul and Ben Bernanke wether or not this really is a currency.

hell yes. That's the only sensible thing this guy said the whole time while repeatedly interrupting the nice ladies. What a crook.

bb113

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Activity: 728

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Quote from: cypherdoc on March 21, 2013, 01:43:27 PM

i used to subscribe to Tom Keene's podcast years ago.

when Sarah Eisen came on board, the girl arguing for Bitcoin, she was a huge hit. she really has a darling commentary voice (nerdy) and she's educated.

she gets it.

Yes, she was good. I think the other two were just there to contribute crappy counterarguments. The same as on talk radio when people from the other party call in with horrible arguments.

Piper67

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Quote from: Spaceman_Spiff on March 21, 2013, 01:51:04 PM

Might be a stupid question, but is this the first time we get airtime on a big network? (outside of the good wife

)

There was a much better Bloomberg segment on last week.

Spaceman_Spiff

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₪``Campaign Manager´´₪

Might be a stupid question, but is this the first time we get airtime on a big network? (outside of the good wife

)

cypherdoc

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Activity: 1764

Merit: 1002

i used to subscribe to Tom Keene's podcast years ago.

when Sarah Eisen came on board, the girl arguing for Bitcoin, she was a huge hit. she really has a darling commentary voice (nerdy) and she's educated.

she gets it.

bb113

hero member

Activity: 728

Merit: 500

The guy who doesn't understand what currency is has been talking of bitcoin before. Interesting.

Quote

It’s worth bearing in mind that while Bitcoin operates outside the parameters of governmental control and is often used to dubious ends, so too is a lot of the money we see around us. The US Treasury printed 3bn $100 bills in the 2012 fiscal year and, 80% of them go overseas, according to Federal Reserve estimates. As Nicholas Colas, ConvergEx Group chief market strategist, notes, “many of them simply facilitate the global drug and arms trade, not to mention tax evasion and human trafficking”. Bitcoins fit into the world of real currency more than anyone would like to think.

http://www.psfk.com/2013/03/bitcoin-digital-currency.html

Sorry, bad quote snip. I'm not sure what his angle is now.

cypherdoc

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hey, c'mon.

you gotta give Sarah Eisen credit. she was trying.

she even said, "i'll bet you..."

mccorvic

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Activity: 518

Merit: 500

It really is funny to see how the information about bitcoin gets processed by people new to BTC. I know we all want to blame them for not "Getting it" but we also have the opportunity to look inward and adjust how we introduce people to BTC and teach them about it.

Though, the guy who said that the purpose of currency is to tax it is beyond hope and needs to just take a basic econ course or something.

Topic: 2013-03-21 Bloomberg - A look at the World's Largest Online Currency (Read 3706 times)