Topic: Bitcoin Mention in CNN - page 2. (Read 6713 times)

How dare you mention even the possibility of something Apple is not perfect in every way!!! You are most definitely biased sir!!!   

"A Ponzi scheme is a fraudulent investment operation that pays returns to separate investors, not from any actual profit earned by the organization, but from their own money or money paid by subsequent investors."

Other than the word fraudulent, I stand corrected.

All forms of money are Pyramid based, the value increases as per more investors. If there are less investors the value decreases, the people who most recently invested in it lose money. Whether or not is a "scheme" is a another story.


TO BE CLEAR:
I'm not saying Pyramid based currency is a bad thing. All of them are, some people just associate the Pyramid/Ponzi idea as negative and don't understand what they really mean. The only difference between Bitcoin and a Ponzi Scheme, is intent.

That is not even close to the definition of a Ponzi.  A simple definition would be using today's money to pay yesterday's bills.  Bitcoin is not a Ponzi, although money (USD) is.

People on this forum, experts, whoever wants to say it is.

a) It can be used for illegal activies. We all know it can. Any currency can. People know USD can.

b) Money inherently is a Ponzi scheme whether it be Fiat(USD) or pseudo-fiat(Bitcoin). They all derive their value from the # of people willing to use and accept it whether as currency or just a method of wealth storage.

Some say Mac is safer than Windows some say the opposite. Both sides cite some evidence. Am I not allowed to say "Some say Windows is safer than Mac and some say it isn't" or is that too bias?

I think what he is trying to say is that CNN is going to put a fluff piece about bitcoin on the air. People have different views and CNN is going to bring those different views on the air.

And who are those "some people"? What do they base their arguments on?

No need for personal attacks.

I agree. Of course this will really be awesome when it isn't in the "Tech Talk" section and it's not on CNNMoney.

When a story like this leads in the hour on plain old vanilla CNN, then we will know it's mainstream.

Ummm... that's from the opening of Bruce's "The BitCoin Show".


and Bruce has been out on "The BitCoin Show" since at least the MtGox crash.

Maybe Bruce needs to advertise "The BitCoin Show" more.

Okay, I apologize. Let me restate that the problem is with the reporting, not the guy from WIRED.

Apparently people can't say "Some people say bad things about it."

Some people say you are an idiot.

Don't be so sure of that. It was likely a half hour interview and they only used a few seconds of it.

Another biased report; mentions of the word "Ponzi scheme", "illegal activities" and etc without explaining such arguments ("some say...").

Maybe we should all stop using cash? Since cash is probably the most popular method of illegal transactions, ie drug dealing.

The fuction of a currency has nothing to with stopping it from being used for illegal or shameful purposes. As long as people want drugs or porn or whatever else, they will find ways to use any currency as a trading tool, be it cash or Bitcoins or golden nuggets. It's not Bitcoins' job, it's an issue with people.

For every hint of a "pro" Bitcoin argument, they present a dozen useless negative fallacies about Bitcoin. Why don't they mention how Bitcoin cannot be willingly printed at mass out of thin air? The guy from WIRED didn't mention any of the security aspects of Bitcoins and how it cannot be easily counterfeited.

That's like saying since you pay your bills with Fiat currency we can't trust you or expect you aren't telling the full story.

Sorry but I don't trust your saying to not trust them in their saying because you use the "System".

All media attention is inherently slightly biased towards whoever pays them the big bucks. Now I'm sorry the biggest corporation is "government", just as how some places the biggest corporation is the mafia, or some mega-conglomerate. News will more or less always be biased to who has money and power, now if you don't like that tough luck. It's not like it's going to change if Bitcoin dominated and some early adopter(s) became super powerful and controlled the media.

Take it for what it is worth. It could be "Bitcoin, the Devils Work." Would that be any better?

Slam the mainstream media all you want, but when they put out a fair and reasonable piece, you should acknowledge it. The video was very balanced and, IMO, well done.

Letting your own biases cloud your judgement would be ironic given that you're critical of CNN for that very same thing...

I wouldn't trust CNN. They are beholden to the existing system of Big Business, Big Banks, etc.

Notice the Bitcoin "taking off like a rocket" at the beginning, implying hyperinflation or too many coins in circulation.

These stories *never* focus on the actual value of BTC -- what makes them special. It's the fact that you can't hack or fake them. Hacking or faking them would be MORE difficult than just mining some real ones. The aspect of how the block chain is un-hackable, and becomes more-so with every increase in processing power the Bitcoin network undergoes.

I mean, what if I started a website called Matthew Bucks and people deposited money there, and sent money between accounts -- basically like Paypal.

How is Bitcoin different than that? That's what I'm talking about. This isn't another Beanz, Paypal, or any other digital micro-currency. It's actually a PRODUCT albeit an electronic one. What you're PAYING FOR is a private key that gives you access to a cryptographic item that is used to transfer wealth between people anywhere in the world. And they're quite liquid.

That's one thing that repeatedly gives me pause every time I'm tempted to think Bitcoin is finished. Everything else, I have to go with the naysayers (not enough practical uses, no places to spend them, users are mostly speculators, etc.)

This is great news you guys! The reporting was really fair, and and genuine. Great job CNN.

Wha?

I was just messing around, I got a gambling link in my sig too.

offtopic:  I don't have any gambling addiction, moreover I'm making profit with 95% of risky investments I do (for sure, it works for bitcoin itself and some bitcoin-based activities)...


 It's obvious. We don't have any other relevant criteria.  

I see what you are doing there, and I don't like it...