Topic: 2013-03-21 Bloomberg - Sorry, Bitcoin Isn’t a ‘Currency’ (Read 1601 times)
Then he should do articles about Girls gone Bitcoin, tons of views guaranted
The prepared hit piece was designed to highlight scary monster FUD without bring too much attention. The comment section alone is a gem!
Maybe more like :
Boss to Mark: Mark, I like you and all, but your pieces hardly get any views or comments. I need this to change !
Mark: Owkay....
Kk, it isn't a currency, kthxbye
Btw, if it is not a currency then the fincen blablabla about money transmitter is nonsense, am i right?
Btw, if it is not a currency then the fincen blablabla about money transmitter is nonsense, am i right?
The "oh no, it's only being used to buy drugs" argument is really getting old.
I forgive him.
Bitcoin isn't a currency. Fine by me. I'll continue to use it.
Bitcoin isn't a currency. Fine by me. I'll continue to use it.
He's right.
Bitcoin can't be categorized as currency. It can't be categorized as anything. It's a class of its own. A singleton.
Bitcoin can't be categorized as currency. It can't be categorized as anything. It's a class of its own. A singleton.
The guy is past 40..... Give him a break 
The prepared hit piece was designed to highlight scary monster FUD without bring too much attention. The comment section alone is a gem!
I'm thinking more in terms of the potential for growth. So yeah, there's loads of places now accepting bitcoin as payment, but there's still a long way to go before it becomes a mainstream way of paying for things online.
I quite often here the argument that processors such as bitpay convert to fiat straight away, so essentially you're just paying in fiat. Although this is true at the moment, it seems a very short-sighted view to me. The point is, once you realise the convenience of bitcoin, it's the conversion from bitcoin to fiat which becomes the unnecessary step.
I quite often here the argument that processors such as bitpay convert to fiat straight away, so essentially you're just paying in fiat. Although this is true at the moment, it seems a very short-sighted view to me. The point is, once you realise the convenience of bitcoin, it's the conversion from bitcoin to fiat which becomes the unnecessary step.
I guess he's right at the moment. What annoys me is that he probably hasn't used bitcoin to make a purchase before. I have a feeling that anyone who has actually used bitcoin to purchase something online will realise straight away how much more convenient it is.
Right? How can he be right? He says people only spend bitcoins on Silk Road, and trade on exchanges.
There are thousand of merchants accepting Bitcoin listed at https://en.bitcoin.it/wiki/Trade
BitPay, a Bitcoin to USD payment gateway, has more than a thousand merchants as customers: https://bitpay.com/
Obviously he is very wrong. People spend bitcoins at all these places. These thousands of merchants are not just popping up and making zero sales.
Bitcoin right now is as useless/useful as gold. So in a sense he is right.
Problem is, metals and cryptocurrencies will be all what's left after the paper crash.
Um, I beg to differ. Bitcoin is already a lot more useful than gold. I can't electronically transfer gold to PIzzaForCoins.com for dinner.Problem is, metals and cryptocurrencies will be all what's left after the paper crash.
Bitcoin right now is as useless/useful as gold. So in a sense he is right.
Problem is, metals and cryptocurrencies will be all what's left after the paper crash.
Um, I beg to differ. Bitcoin is already a lot more useful than gold. I can't electronically transfer gold to PIzzaForCoins.com for dinner.Problem is, metals and cryptocurrencies will be all what's left after the paper crash.
Bitcoin right now is as useless/useful as gold. So in a sense he is right.
Problem is, metals and cryptocurrencies will be all what's left after the paper crash.
Um, I beg to differ. Bitcoin is already a lot more useful than gold. I can't electronically transfer gold to PIzzaForCoins.com for dinner.Problem is, metals and cryptocurrencies will be all what's left after the paper crash.
Bitcoin right now is as useless/useful as gold. So in a sense he is right.
Problem is, metals and cryptocurrencies will be all what's left after the paper crash.
Um, I beg to differ. Bitcoin is already a lot more useful than gold. I can't electronically transfer gold to PIzzaForCoins.com for dinner.Problem is, metals and cryptocurrencies will be all what's left after the paper crash.
I guess he's right at the moment. What annoys me is that he probably hasn't used bitcoin to make a purchase before. I have a feeling that anyone who has actually used bitcoin to purchase something online will realise straight away how much more convenient it is.
Bitcoin right now is as useless/useful as gold. So in a sense he is right.
Problem is, metals and cryptocurrencies will be all what's left after the paper crash.
Problem is, metals and cryptocurrencies will be all what's left after the paper crash.
Quote
Unfortunately it’s missing the most essential aspect of money: it’s not useful for buying anything.
This person has clearly never attempted to buy anything using bitcoin. If they had, they would realise how much simpler it makes things.
And yet the MSM are keeping closer and closer track of BTC aren't they? 
http://go.bloomberg.com/market-now/2013/03/21/sorry-bitcoin-isnt-a-currency/
Did you miss the plain old fud ? Here we go :
Did you miss the plain old fud ? Here we go :
Quote
Businessweek‘s Bernhard Warner reports on the surge in Bitcoin interest as Europeans wonder if their money is safe in the wake of the Cyprus deposit tax fiasco.
One place where it’s not safe is in Bitcoin.
One place where it’s not safe is in Bitcoin.
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