2014-07-30 Globe&Mail - The truth about bitcoin and its impact on business

bitsmichel

sr. member

Activity: 518

Merit: 250

Quote from: Kprawn on July 30, 2014, 12:42:39 PM

Well this is very true....

"The media’s insatiable desire to sensationalize stories has resulted in a lot of misinformation around bitcoin. For business owners who aren’t properly educated, this misinformation – understandably – leaves them with inaccurate opinions, and the reality of bitcoin is left somewhere behind."

How much damage has been done, by misinformation? Or press on crack. Grin

There's been a lot of bad quality articles, anyone who has used bitcoin know there are a lot of false claims. I think any serious business owner would investigate if it has any added value to their business model - rather than rely on news articles for information.

LiteCoinGuy

legendary

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In Satoshi I Trust

nice one, thx for sharing

medicine

hero member

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All journalists should post their btc addresses below each article. That way they can receive tips for their work and the company and the journalist can have an agreement in place where a portion of the tips go to the author and a portion to the company. The Blockchain would make the entire process transparent.

Kprawn

legendary

Activity: 1904

Merit: 1074

Well this is very true....

"The media’s insatiable desire to sensationalize stories has resulted in a lot of misinformation around bitcoin. For business owners who aren’t properly educated, this misinformation – understandably – leaves them with inaccurate opinions, and the reality of bitcoin is left somewhere behind."

How much damage has been done, by misinformation? Or press on crack. Grin

Bit_Happy

legendary

Activity: 2114

Merit: 1040

A Great Time to Start Something!

Quote from: hacknoid on July 30, 2014, 07:32:16 AM

http://www.theglobeandmail.com/report-on-business/small-business/sb-money/cash-flow/the-truth-about-bitcoin-and-its-impact-on-business/article19824887/

When I saw the headline I was worried this would be another FUD piece, but it's quite the opposite. In fact, it is attempting to point out that most media articles are focussing on the negative aspects of Bitcoin, while ignoring all the positives.

The article does a great job of highlighting the Bitcoin use case.

My favorite line:

Quote

The amount of bitcoin used in illicit activity doesn’t even come close to the amount of fiat currency used in illicit activity. It’s not even in the same spectrum. No one has called for the end of the U.S. dollar because it’s used by drug dealers as that would undoubtedly be seen as ridiculous.

Thanks for posting a positive article.

No one has called for the end of the U.S. dollar because it’s used by drug dealers as that would undoubtedly be seen as ridiculous.
"No one...?"
Last year a U.S. Senator called for banning the USD in response to a state senator who asked that Bitcoin be banned. He was joking, and it received some good media coverage.

hacknoid

sr. member

Activity: 418

Merit: 252

Proud Canuck

http://www.theglobeandmail.com/report-on-business/small-business/sb-money/cash-flow/the-truth-about-bitcoin-and-its-impact-on-business/article19824887/

When I saw the headline I was worried this would be another FUD piece, but it's quite the opposite. In fact, it is attempting to point out that most media articles are focussing on the negative aspects of Bitcoin, while ignoring all the positives.

The article does a great job of highlighting the Bitcoin use case.

My favorite line:

Quote

The amount of bitcoin used in illicit activity doesn’t even come close to the amount of fiat currency used in illicit activity. It’s not even in the same spectrum. No one has called for the end of the U.S. dollar because it’s used by drug dealers as that would undoubtedly be seen as ridiculous.

Topic: 2014-07-30 Globe&Mail - The truth about bitcoin and its impact on business (Read 862 times)