That's actually a fairly good article. I think Kashmir Hill has become motivated to put some more thought into writing about Bitcoin, just a shame that it takes increasing acceptance and authoritative head nods for her to do so.
She takes the opportunity to point out the Bitcoin-centric view of the dollar's lack of inherent value, but disappointingly fails to provide the contrasting critical points of the Fed's view of other aspects. She also fails to provide the Bitliever view of why Bitcoin does have inherent value.
Where it comes to her analysis of the Fed's criticism of waiting 6 confirms for BTC transactions of large amounts, she accepts the Fed's reasoning as to why this is so, where she could have provided a better explanation herself. She does compare it favourably with legacy electronic payments though, so that's not so bad. She also repeats the typical misnomer that the only reason to use Bitcoin is to avoid regulations, taxes and the DEA. She knows herself from her own touted "Living a week on Bitcoin" article that this isn't the whole picture, and should know that that picture is steadily becoming broader. And of course, the Dark Web black market users do so out of ideological reasons, not to avoid the police or the DEA. Using the established routes of buying drugs is a better way to keep drug use private. Not a hint of a mention of Bitcoin's use as a price inflation hedge, which is after all the reason to speculate on future Bitcoin value in the first place.
B-
Oh, come on, don't be so negative. Kashmir Hill is a great asset to the bitcoin community and you should appreciate her great articles despite them being targeted at people outside this forum.
This is me being positive about her work. She's written some badly researched, highly biased, superficial articles in the past, and she's getting paid very good money at Forbes, such as Forbes journalists do. I don't believe she is an asset to the community, yet. But as I say, she is switching on gradually over time, so she does provide a useful reflection of the changing attitudes of a certain type of individual, someone pretty ignorant! But that's not a bad thing, maybe that's the idea, that she's secretly playing the smart game.
