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Topic: 2013-03-28 New Statesman: Bitcoin is shooting up. (So are some of its users) (Read 1321 times)
March 29, 2013, 05:00:47 PM
March 29, 2013, 04:41:26 PM
Very bad pun.
March 29, 2013, 04:28:38 PM
Hehhe, baghdad bob buys bitcoins. (still waiting for the follow up article, "USDollar is shooting up, so are some of its users")
I like these two clips,
satoshi delivers the message
http://www.youtube.com/watch?v=s8YO5icNGn0
the response from the inmates, (slashdot, financial press, economists, etc)
http://www.youtube.com/watch?v=Y15NnGZIBuM
NB: see how they all stroke it lovingly and with ownership at the end ...
I like these two clips,
satoshi delivers the message
http://www.youtube.com/watch?v=s8YO5icNGn0
the response from the inmates, (slashdot, financial press, economists, etc)
http://www.youtube.com/watch?v=Y15NnGZIBuM
NB: see how they all stroke it lovingly and with ownership at the end ...
March 29, 2013, 09:38:32 AM
Bitcoin is really blowing some minds out there in the finance industry and economics profession. They are just saying/writing some of the most stupid and childish things ... it's kind of like watching kids at Christmas.
I think you had it right before:The negativity seems to stem from an inner conflict struggling with issues surrounding the foreign concept of monetary freedom.
It is like you open the cage door on a chimp that has been locked up for decades, basically they go nuts ... they look at the door and their eyes tell them it is open but their brain cannot comprehend it because it has never seen the cage door open. Soon the will poke their noses out of the cage (buy a saotshi or two), run around a little and them run back inside the cage (USD) ... observing it makes for great lolz, the big, bold freedom campaigners confronting a possible freedom they never really believed in, just like to talk about.
It is like you open the cage door on a chimp that has been locked up for decades, basically they go nuts ... they look at the door and their eyes tell them it is open but their brain cannot comprehend it because it has never seen the cage door open. Soon the will poke their noses out of the cage (buy a saotshi or two), run around a little and them run back inside the cage (USD) ... observing it makes for great lolz, the big, bold freedom campaigners confronting a possible freedom they never really believed in, just like to talk about.
Especially considering the sole job of the media is to hide the cage from the audience. Now they are being put in the unenviable position of being this guy:
March 29, 2013, 09:23:34 AM
I think the article might have been written to fit the "witty" headline (punchline) ... and then a saner head prevailed and it got pulled.
Bitcoin is really blowing some minds out there in the finance industry and economics profession. They are just saying/writing some of the most stupid and childish things ... it's kind of like watching kids at Christmas.
...where the older sibling is jealous of the attention lavished on the younger. Bitcoin is really blowing some minds out there in the finance industry and economics profession. They are just saying/writing some of the most stupid and childish things ... it's kind of like watching kids at Christmas.
March 28, 2013, 11:04:35 PM
I think the article might have been written to fit the "witty" headline (punchline) ... and then a saner head prevailed and it got pulled.
Bitcoin is really blowing some minds out there in the finance industry and economics profession. They are just saying/writing some of the most stupid and childish things ... it's kind of like watching kids at Christmas.
Bitcoin is really blowing some minds out there in the finance industry and economics profession. They are just saying/writing some of the most stupid and childish things ... it's kind of like watching kids at Christmas.
March 28, 2013, 12:02:20 PM
March 28, 2013, 11:53:12 AM
Incidentally, the article linked to by this article begins with (my emphasis):
Quote
That's the market capitalisation of Bitcoin, an innovative fiat currency which relies on some fancy cryptography to create a perfectly decentralised and unhackable store of value.
March 28, 2013, 11:51:50 AM
I saw this article earlier and it made me rage so hard I couldn't even bring myself to post it here.
March 28, 2013, 11:51:31 AM
Pulled the article from my browser cache:
Quote
[Image of a bronze? bull]
Over the last two days, Bitcoin - a new digital currency - has gone a bit mental. Back in February, one Bitcoin was trading at about $20. Now it's at $95. Here's a chart via @nictrades:
[Chart here]
At the moment, Bitcoin is going through a bubble fuelled by this article and hundred of others like it, and also through dodgy online markets (drugs etc), because it is relatively anonymous and easy to use (ie if Bitcoin is shooting up, it's a clear sign that so are some of its users).
For those of you who haven't read Alex Hern's [http://www.newstatesman.com/economics/2013/03/bitcoin-what-bubble-looks] excellent pieces on it, please do.
(Edit: added "quote" tag) Over the last two days, Bitcoin - a new digital currency - has gone a bit mental. Back in February, one Bitcoin was trading at about $20. Now it's at $95. Here's a chart via @nictrades:
[Chart here]
At the moment, Bitcoin is going through a bubble fuelled by this article and hundred of others like it, and also through dodgy online markets (drugs etc), because it is relatively anonymous and easy to use (ie if Bitcoin is shooting up, it's a clear sign that so are some of its users).
For those of you who haven't read Alex Hern's [http://www.newstatesman.com/economics/2013/03/bitcoin-what-bubble-looks] excellent pieces on it, please do.
March 28, 2013, 11:51:18 AM
LOL I love the headline
March 28, 2013, 11:47:29 AM
I may have gotten the title slightly wrong; I can't see it anymore.
Seems to have been pulled, comments are still there.
March 28, 2013, 11:45:16 AM
I may have gotten the title slightly wrong; I can't see it anymore.
March 28, 2013, 11:44:40 AM
They either pulled the article or blocked me because of my comment:
http://www.newstatesman.com/business/2013/03/its-all-gone-totally-bitcoin
It was probably the worst article I've ever read on Bitcoin. Author did no discernable research, but strongly implied the price is driven by heroin addicts.
http://www.newstatesman.com/business/2013/03/its-all-gone-totally-bitcoin
It was probably the worst article I've ever read on Bitcoin. Author did no discernable research, but strongly implied the price is driven by heroin addicts.
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