Topic: 2013-08-04 WSJ: Famed Trader Joe Lewis Backs Bitcoin (hoax) - page 9. (Read 15522 times)

Oh my god... someone beat that girl with an ugly stick.

This is the WSJ writer Harriet Agnew's twitter page

https://twitter.com/HarrietAgnew

Lots of activity in financial reporting. Would be real egg-on-face to have the wrong Avalon completely.


Edit: two earlier crypto pieces:

Harriet Agnew ‏@HarrietAgnew 5 Jul
@annairrera @tylerwinklevoss @winklevoss The crypto community is pumping up the next new thing: Litecoins http://bit.ly/16beDAD

 Harriet Agnew ‏@HarrietAgnew 5 Jul
Q&A with #Bitcoin backer @tylerwinklevoss:  http://bit.ly/1bbQaAI  @winklevoss
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+1 I think I'am a good person, but selling my soul for 200 million dollars seems like a good deal

Smells like bullshit to me. I think the Bitcoin Examiner article is wrong and then WSJ just copied it and spruced it up a bit.

That's the market watch blog.  Market watch is owned by WSJ and their blog is treated like any other MSM news outlet.

What's really funny here is that people seem to think that journalists do thorough research on their stories.  They don't.  They may research their stories but thoroughly?  No.  They don't have the time to.  Maybe they did 20 years ago but today, one reporter is working on as many stories as 5 reporters did in years past.  Newsrooms all over the world have been shrinking as the traditional news media market has been disrupted by the new internet fuelled information age.  It used to be that a national news outlet could depend on a network of local reporters and field researchers to work their magic.  In other words, national outlets could parrot what was said by locals and be confident that it was well researched.  National news outlets still largely do that but the quality of research is much worse today because the workload is spread too thin.

A friend of mine is a radio news anchor.  Years ago in her line of work, she would be reading self written copy on stories that other reporters had prepared for her.  Wanna know who does all the phone calls, notes and on air copy now?  Yeah, she does.

Just because this is coming from a dead tree media outlet with a very notable pedigree does not mean it's gospel.  $200 Million sunk into a bitcoin ASIC chip maker?  Extremely limited fab plants producing cutting edge 20nm technology being used in a multi billion dollar markets being used in a multi-million dollar BTC ASIC market?  People...give your head a shake.  This story don't make sense.

"Hey you there.  Yeah, Global Foundries.  I know you spent anywhere from 4 to 7 billion dollars building your new 20nm fab and that your customers are multi billion dollar businesses who tie up your production lines but do you think you could set aside some of that fabricating space for my bitcoin ASIC chip?  Pretty please?"

ha

So what is your all s call? Real or BS?

pfft. What about the reuters article on an eco-friendly car that 'runs on nothing but water'
http://www.reuters.com/video/2008/06/13/water-fuel-car-unveiled-in-japan?videoId=84561

This story was picked up by other mindless journalists around the world and parroted in 'respectable' publications.

A lot of Journalists lack basic high school level understanding of tech subjects - and crap slips through all the time.

No, but it is to be expected that a published(paywall) article is likely to go through much more rigorous fact checking.

So what? This doesn't falsify my statement that media outlets do make errors not necessarily do proper fact checks.

Possibly. But this is their bread and butter. Traders and markets.

THAT'S A BLOG, QUOTING ANOTHER BLOG

paypal?
http://www.reddit.com/r/Bitcoin/comments/1jn974/imminent_paypal_to_accept_bitcoin_official/

The media usually copies what is written somewhere else. I don't mean stealing news, but once it's out, it's out and spreads. I saw this many times.

Directly related to Bitcoin the WSJ did something similar even some days ago:

http://blogs.marketwatch.com/thetell/2013/07/29/bitcoin-now-illegal-in-thailand/?mod=MW_latest_news

MW is part of the WSJ Digital Network. In case you didn't know: Bitcoin isn't illegal in Thailand.

Yup yup. If this is true, and it's a huge credibility risk for the WSJ to write all that with no solid sources, then this really is the start of the goldrush.

I see this whole news article as a 'rumour' at this point.  wsj or no.  Journalists get things wrong - and this story is lacking in any verifiable detail and fails the sniff test.

I could be wrong - I just 'doubt' it at this point.

I tend to agree with the skeptics in the reddit thread on this for now:  http://www.reddit.com/r/Bitcoin/comments/1jpoec/famed_trader_joe_lewis_backs_bitcoin/

What is the rumor?

yeah.. I'm taking a hedge on this news by depositing into btct.co and buy up some of the mining shares which are falling on the rumour. (e.g btcgarden now below IPO)

If the news is true... meh.. my bitcoins will probably be worth a *lot* more.  If false - which I suspect...  some cheap shares.
Either way

you think bitcoin acquistions happen on the orderbooks? think again..

His Zionist brotherhood is whispering into his ear. They have to control Bitcoin before it destroys their global banking scam. Yufu was discussing the problems with how the government can destroy/control bitcoin and then he makes a deal with the devil.

It does not take that long to corrupt someone - especially when you are throwing $millions around - hundreds of $millions.

You should look into why Yifu got into creating ASIC's in the first place.  His heart is in the right place, you don't have to worry about him exceeding 50%.