Topic: 2013-04-17 Colbert Report - Adam Davidson on Bitcoin [Video Linked] (Read 4365 times)

Colbert bump to the moôn and back! :-)

Fair point.

I totally agree. Overall it was positive bitcoin publicity

lol, yeah, that was my favorite line.

If price increase then it is due to the Gabi Bump 

Backed by the full faith and credit of YouTube comments - brilliant

Does that mean that he will be investigated for promoting money laundering and drug trafficking?

I predict that Colbert will mention the change in price that we are currently experiencing, and claim that is was caused by the 'Colbert bump'

If he does, I would consider it good press.

Updated OP, thanks.

Believe it or not, Colbert actually seemed pretty positive on Bitcoin here...

The devils advocate he played this time was seemingly on the side of Bitcoin.

Very exciting 

+1. I was expecting something really bad after seeing all the reviews. This was pretty good; I predict Colbert will have someone else on at some point who is positive toward Bitcoin. Gavin, perhaps? "So YOU'RE the Ben Bernanke of Bitcoin!"

This was a complete thumbs-up from Colbert; if anything he was a little apprehensive because it goes too far.

First, he discloses his bias that 'I am heavily invested in something called Bitcoin'.

Dwarves = cypherpunk software tinkers
Mithril = cryptographic protocols which protect against an unlimited amount of violence (TrueCrypt, TOR, etc.)
Durin's Bane, Balroq = the completely free market or crypto-anarchy

He bashes fiat currency and the fractional reserve banking system; the Euro and GameStop.

He made complete fun of the volatility but played the one clip from a Bitcoin proponent that argued this was a long-term trend and not a fly by night fad. So did Colbert buy it early or at the height of the bubble?

Davidson played completely into Colbert's strategy for growing Bitcoin. How many of the 1.9m in Colbert's demographics are going to become Bitcoin users for Silk Road? And Colbert gets a use case of Bitcoin: 'Nobody buys drugs with a credit card man.' Then he lampoons NPR's relevance to the overall economy with 'If Bitcoin gets there (NPR) then we know Bitcoin has made it'.

What is money? Based on faith (subjective value theory).

He needed Davidson on to be the 'negative' side and he probably chose Davidson because he could easily manipulate him into answering the questions the way he wanted them answered.

So, overall, it looks like Colbert is a big Bitcoin proponent and laid out a very compelling case for it to his audience.

Canadian link, Bitcoin story starts at 02:12:

http://www.thecomedynetwork.ca/Shows/TheColbertReport?videoPackage=133456

All publicity is good publicity -- Anyone who hears about Bitcoin, even if in a negative connotation, has a chance to go online and do some of their own research. Those leaning libertarian enough will then decide to make an entrance.

The problem with ALL the Planet Money reporters is that they don't view Bitcoin as a currency, but rather a commodity. That's why its nothing but bash pieces coming out of NPR.

Oh, crap.  Just reminded me that NPR did a radio piece on Bitcoin and the reporter completely trashed Bitcoin.


What's ridiculous is that this reporter stated, "If you are the kind of person that has a headache thinking about the idea of 'What is money' then you shouldn't be involved in Bitcoin."  Going further the reporter stated, "If you are a reporter that that gets the same headache thinking about the concept of money you have no business reporting on Bitcoin."


After he completely trashes Bitcoin he outs himself by stating, "I am one of those reporters where my brain hurts when thinking about the concept of money."


So many conventional thinkers throwing stones in their glass houses.

Great mise-en-scène between the two. Very clever and fast. I laughed.

This. Anyone who thinks this was bad should probably never try to promote Bitcoin to the general public because with your complete lack of social understanding you will do more harm than good.

To me, this was a disguised thumbs-up for bitcoin from Colbert.

He kept Davidson off-guard the whole time by asking good questions.

Updated, thanks.  Had no problem for me grabbing the official one but not everyone has the same viewing abilities. 

@Meow, agreed.