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Topic: [2014-03-26] Gamco’s Howard Ward Calls Bitcoin a ‘Digital Furby Doll’ (Read 1487 times)

legendary
Activity: 2114
Merit: 1040
A Great Time to Start Something!
‘Digital Furby Dolls’ never created a $10 Billion Dollar ecosystem.
Hey, will people stampede at Walmart prior to xmas to buy BTC?
hero member
Activity: 503
Merit: 501
This reminds me of a Ghost Busters skit where Gozer the Gozerian commands the busters 'Choose! Choose the form of the destructor' and Statz thinks of the, well in this case, 'Digital Furby Doll'.

I wish I could draw cartoons Sad
legendary
Activity: 1450
Merit: 1013
Cryptanalyst castrated by his government, 1952
Quote
“You can’t just invent a currency; I find the whole thing odd.”
Satoshi did, so clearly you are wrong.


Good one - and all the other currencies were invented also, were they not, Mr. Ward?

Logic and FUD are natural enemies.

Speaking of logic - we have just been told by the American IRS that BTC is not a currency in any case, so that's that. https://bitcointalksearch.org/topic/2014-03-25-usa-today-irs-bitcoin-is-not-currency-530670
But wait, there's more. Denmark seems to have reached the opposite conclusion, fwiw.

Perhaps Denmark thought it through a bit more deeply than Ward or the IRS: "it may have had a hard time trying to tax digital currencies anyway, given their cryptographic nature." (Ya think?)

http://www.coindesk.com/denmark-declares-bitcoin-trades-tax-free/

It's like an anthill poked by a stick, I guess. Lots of running in all directions, with some of the ants desperately trying to cling to what is most valuable to them while others snap their jaws menacingly but ineffectually at random.


legendary
Activity: 1652
Merit: 1016
Quote
“You can’t just invent a currency; I find the whole thing odd.”
Satoshi did, so clearly you are wrong.




legendary
Activity: 1450
Merit: 1013
Cryptanalyst castrated by his government, 1952
Smart or dumb - it's agenda-driven.

"Name-calling
    Propagandists use the name-calling technique to incite fears and arouse prejudices in their hearers in the intent that the bad names will cause hearers to construct a negative opinion about a group or set of beliefs or ideas that the propagandist would wish hearers to denounce. The method is intended to provoke conclusions about a matter apart from impartial examinations of facts. Name-calling is thus a substitute for rational, fact-based arguments against an idea or belief on its own merits."

Useful list of similar tactics from Wiki - we'll see them all sooner or later. BTC has enemies:

http://en.wikipedia.org/wiki/Propaganda_techniques
sr. member
Activity: 248
Merit: 250
Digital Furby Doll??? Come on Howie! What about Digital Cabbage Patch Doll???
full member
Activity: 280
Merit: 100
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