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Topic: [2015-06-13] - NZ Herald: Matt O'Brien: The scam called Bitcoin] (Read 847 times)

legendary
Activity: 3920
Merit: 2349
Eadem mutata resurgo

I didn't get your WaPo remark at first - then I remembered last week's bizarre piece by the same author https://bitcointalksearch.org/topic/2015-06-08-washington-post-bitcoin-isnt-the-future-of-money-1086015

What are the mechanisms that get this kind of nonsense from one side of the world to another? (he asks, rhetorically).


Quote
“A lie can travel half way around the world while the truth is putting on its shoes.”
- Mark Twain

is the mechanism you are referring to I believe.
legendary
Activity: 1450
Merit: 1013
Cryptanalyst castrated by his government, 1952

I didn't get your WaPo remark at first - then I remembered last week's bizarre piece by the same author https://bitcointalksearch.org/topic/2015-06-08-washington-post-bitcoin-isnt-the-future-of-money-1086015

What are the mechanisms that get this kind of nonsense from one side of the world to another? (he asks, rhetorically).
legendary
Activity: 1904
Merit: 1074
This was written by a child .. right?

And I quote ---> " The catch-22 is people buy Bitcoins because they think the price will go to infinity and beyond once everybody uses them, but they don't spend their own Bitcoins because they think the price will go to infinity and beyond once everybody else uses them. And so nobody uses them. But if nobody uses them, then the price will stay stuck at something a lot less than infinity let alone beyond. "

He has obviously watched Toy Soldiers way too much. He should switch to reporting on Rugby, because the All Blacks stand a good chance of winning the World Cup this year.  Grin Grin ...that is if he can hype it up a bit.
legendary
Activity: 3920
Merit: 2349
Eadem mutata resurgo
And so hath the Sith raised their evil supreme facist capitalistic empire that we call the IMF.  Share the LSD next time before posting.

Perhaps some kind of parser to decrypt the incoherent babbling should accompany your messages?
sr. member
Activity: 302
Merit: 250
Never before 11 P.M.
And so hath the Sith raised their evil supreme facist capitalistic empire that we call the IMF.  Share the LSD next time before posting.
legendary
Activity: 3920
Merit: 2349
Eadem mutata resurgo
http://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=11462977 Washington Post  propaganda pill.

Quote
People buy Bitcoins because they think the price will go to infinity and beyond once everybody uses them, but they don't spend their own Bitcoins because they think the price will go to infinity and beyond once everybody else uses them. And so nobody uses them.

I'm liking this new attempt at regurgitating the old FUD to manipulate the entrenched misinformation around the functioning of the monetary good, due to decades of indoctrination of the centralised fiat monopoly money. Seems like that's all they have left now.
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