Topic: Bitcoin is about to be featured on CNBC Closing Bell (Read 1444 times)
I have some respect for Pento, but wow. Does he take investing advice from his IT team? The probably read a couple of entries on the wiki and thought they understood the whole BTC world.
The funny thing is bitcoin is tried and true its been working for quite some time now. Great find I'm glad to see this catching the medias attention.
No I meant in general. Of course, I, now, believe BTC. However I didn't the moment I came to know of it, and if my boss had come up to me and said "hey here is this thing called bitcoin, tomorrow tell me what you think of it" I probably would have responded with something along the lines of "I'm not really sure about it, it looks complicated."
I hear that a lot: "I'm not sure if I can trust this..."And that's the neat thing, it doesn't require trust. The whole point of it is that it's a zero-trust system. Science and math work, without regard to your level of trust.
No I meant in general. Of course, I, now, believe BTC. However I didn't the moment I came to know of it, and if my boss had come up to me and said "hey here is this thing called bitcoin, tomorrow tell me what you think of it" I probably would have responded with something along the lines of "I'm not really sure about it, it looks complicated."
I hear that a lot: "I'm not sure if I can trust this..."And that's the neat thing, it doesn't require trust. The whole point of it is that it's a zero-trust system. Science and math work, without regard to your level of trust.
No I meant in general. Of course, I, now, believe BTC. However I didn't the moment I came to know of it, and if my boss had come up to me and said "hey here is this thing called bitcoin, tomorrow tell me what you think of it" I probably would have responded with something along the lines of "I'm not really sure about it, it looks complicated."
To be fair its not like you can randomly expect me to trust bitcoin instantly even if I do know a bit about computers, simply because its so complex. I don't find fault with the guy's IT department. However, to then indicate that they are some sort of an uber-good source that proves that BTC is broken or something is retarded.
Not sure if you meant "you personally", but it's really not that complex. See my sig. To be fair its not like you can randomly expect me to trust bitcoin instantly even if I do know a bit about computers, simply because its so complex. I don't find fault with the guy's IT department. However, to then indicate that they are some sort of an uber-good source that proves that BTC is broken or something is retarded.
Most of my fellow IT department members didn't know about Bitcoin.Now they'd mostly like me to just shut up about it, already.
He probably didn't know what double spend was so they came up with the counterfeit word to explain it.
I can agree if he is anything like my boss.
Makes up his mind and then asks if it is right, if he gets a negative responce, he ignores it.
On the other hand, if they came up with the "counterfeit" part and all the other nonsense, I say fire them.
Sounds like they haven't looked into it at all
Makes up his mind and then asks if it is right, if he gets a negative responce, he ignores it.
On the other hand, if they came up with the "counterfeit" part and all the other nonsense, I say fire them.
Sounds like they haven't looked into it at all
To be fair its not like you can randomly expect me to trust bitcoin instantly even if I do know a bit about computers, simply because its so complex. I don't find fault with the guy's IT department. However, to then indicate that they are some sort of an uber-good source that proves that BTC is broken or something is retarded.
Saw the video. Talk about clueless. "I talked to my IT-Department and they wouldent trust it.."
I'm in a IT-department and I say that the guy needs a new fire them and get a department with IT-knowlegde
I'm in a IT-department and I say that the guy needs a new fire them and get a department with IT-knowlegde
My favorite part was the bit about "counterfeit Bitcoins." Thats the equivalent of trying to make counterfeit equations or something.
The expensify guy just had this face like WTF.
The expensify guy just had this face like WTF.
Good lord! That clip was awful!
What is with these talking head shows? Not only can they not find detractor that knows what he's talking about, they don't seem terriblely interested in finding a proponant that doesn't seem like he's never made it out of the newbie section here.
What is with these talking head shows? Not only can they not find detractor that knows what he's talking about, they don't seem terriblely interested in finding a proponant that doesn't seem like he's never made it out of the newbie section here.
just watched the vid
was was it that before they even introduced the two guests
i knew which one was going to be pro BTC and the other idiot
guest who probably didnt say one FACT the entire time
good going David Barrett CEO of Expensify haha
even though ive never heard of him or his company before
hes a BTC guy!
good vid btw
ANYONE else who watched it what did ya think?!
was was it that before they even introduced the two guests
i knew which one was going to be pro BTC and the other idiot
guest who probably didnt say one FACT the entire time
good going David Barrett CEO of Expensify haha
even though ive never heard of him or his company before
hes a BTC guy!
good vid btw
ANYONE else who watched it what did ya think?!
I mean seriously, any credibility that news channels have left is being tossed out of the window.
The really sad part is that is probably not true.
Havnt seen it yet, is it on youtube
Its amazing how entirely ignorant they are of how Bitcoin actually works.
+1
How is it that people so ignorant like that Pento guy get to be on TV?
You'd think someone who will discuss a topic like Bitcoin, even if he/she are not advocating for it, or are advocating for another commodity (gold), will at least read about the competition to understand it and point out weaknesses.
The guy was afraid of double spending, something that Satoshi addresses right away in his paper about bitcoin, and also talks about hacking, like if nobody is this world has ever robbed a truck/ship/train/house/bank full of gold/fiat
And the other guy points out drugs like if you never see a case full of 100 dollar bills being traded by drugs in the movies.... LMAO...
I mean seriously, any credibility that news channels have left is being tossed out of the window.
Its amazing how entirely ignorant they are of how Bitcoin actually works.
For those of you who missed it:
http://www.youtube.com/watch?v=y1POVoi9NPk
It's pretty bad. Just like every other Major News Network broadcast... mostly talking heads who like to talk over one another.
http://www.youtube.com/watch?v=y1POVoi9NPk
It's pretty bad. Just like every other Major News Network broadcast... mostly talking heads who like to talk over one another.
I'm really trying to get caught up with this. I already downloaded a wallet. It took like a whole 24 hours. Now I don't know what to do next, and this forum is so big it's overwehlming what is the next action I need to take.
Ok, now read about the technology. Read about the risks, the volatility. Go to bitcoincharts.com and see the historical price.
Learn about the exchanges, make sure you use double factor authentication.
DON'T TRUST ANYONE AND BUY ONLY FROM PEOPLE YOU KNOW!!! Or people that has been vouched for in the forums. BEWARE OF SCAMMERS!!
You do not want to have a bad experience when you're first starting to get your feet wet.
Bitcoin is awesome if you learn about it and learn how to use them properly.
Have fun and welcome to the forum.
1) learn
2)wallet
3)bitstamp account
4)bitinstant
5)buy bitcoins with funds oin bitstamp
6) now you have no money but pretend money that is going up.
7) dont sell. untill it gets to 1,000.00
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