Topic: Bitcoin press hits, notable sources - page 26. (Read 430888 times)

In March 2012, various anti-money laundering specialists will be including bitcoin in their conference discussion.
This is nothing surprising, but I guess it's notable that it's on their radar.

A friend told me that Bitcoin was mentioned again in ElliottWave.com 's Theorist that was issued on 11-18-2011. If someone is a subscriber, he may be able to post the article.
This mention could again spark some investor interest.

A namecoin article which mentions it's bitcoin heritage.

This one strikes me as a bit of a non-story... but I guess it's a press hit.


Well it shows they're currently under control of a single entity - but it says nothing about ownership.
I think it's an interesting hint at how centralized the exchange market is.. but not much more.

Pretty sure 500K is meant!

Just a very short bitcoin intro/description piece:

Bitcoin, the peer-to-peer digital currency is under fire.

It's struggling with hack attacks that sent the value of the virtual currency plummeting, major thefts of the currency from one users computer, plus Senators Chuck Schumer and Joe Manchin calling for a crackdown.

My colleague John Carney writes about how the Bitcoin "HackCrash" raises doubts about the viability of virtual currency. But the folks behind the currency are pushing very hard to make it legit.

Though Bitcoin isn't an organization or company with someone in charge, Gavin Andresen, Bitcoin's lead developer has emerged as the unofficial spokesperson for the currency. He was just down in Washington D.C. at the CIA presenting Bitcoin to a digital currency conference. He's also been meeting with his Congressmen to educate them on the system, and why the company should be seen as a positive to cut transaction costs, rather than an evil responsible for money laundering and drug deals.

He told me this morning that it's important to remember that Bitcoin itself wasn't hacked — just one particular exchange using Bitcoin had its consumer database compromised. Andresen acknowledges that this weekend's hacking "Could slow the growth of the use of Bitcoin." But surprisingly, Andresen tells me that slower growth is "not necessarily a bad thing — the Bitcoin infrastructure needs to grow up." From Andresen's perspective, developers, led by him, need plenty of time to build the infrastructure. His defense of Bitcoin: "the nature of dealing with money is that you will deal with thieves."

Another vocal proponent of Bitcoin is Donald Norman, the co-founder of Bitcoin Consultancy, which advocates for Bitcoin's regulation and works with retailers to help them incorporate Bit coins. He blames the slew of negative media about Bitcoin on a lack of information about how the "currency" is distinct from the storage and trading of it. He says the theft of $500,000 of Bitcoins from one user has nothing to do with the currency's security, and everything to do with the firewalls on that user's computer. Bitcoins' bank account is your computer — and you're responsible for keeping it safe. But unlike a regular bank, there's no FDIC to protect your assets.

Norman is pushing to bring Bitcoin away from its roots and closer to a traditional currency — he is reaching out to regulators, looking to get legislation to oversee the system. He wants to create a system of accountability for Bitcoin, which would help protect assets if an exchange is hacked or a firewall penetrated. And yes, he even wants fraud protection.

The big question is if Bitcoin is successfully brought to the mainstream — with accountability and regulation — will it still have its appeal? Regulation and central oversight would quite likely bring with it some costs, which means the frictionless Bitcoin system — the ability to do transactions with incredibly low fees — could change. We'll see if Norman's plan works, and in the meantime, how the value of the currency fares as it battles with attacks from hackers and senators.

isutech.wordpress.com is an illinois state university blog 'funded by a grant from the National Science Foundation.'

Waiting for free reading.

Bitcoin's been included on a list of "World-changing Ideas" in the 15 November 2011 edition of Scientific American.  The article's behind a paywall, so I don't know how accurate it is.  Perhaps someone with access could summarise it.

http://www.scientificamerican.com/search/?q=bitcoin&x=5&y=2

Another article going with an overblown title.


http://www.theregister.co.uk/2011/11/15/bitcoin_flaw/

Slashdot picks up on the recent 'On Bitcoin and Red Balloons' paper
 - but the submitter goes for a more dramatic title.
I know slashdot loves to hate bitcoin - but 'flaw in the protocol' is a bit of a stretch for what seems more like a suggestion for a potential optimisation.

Ken Colburn of Data Doctors fear-mongers: "You wanna be careful to use bitcoin. You wanna be careful with entities that are asking you to use bitcoin as their currency, cause there's generally [twitches, grins] nnnyeah, there's a possibility that they're trying to hide something."

Mike did his best to counter this and other objections: "I don't have a philisophical problem with the government, I pay my taxes, as I should, I'm a good citizen, I follow the laws..."

My favorite part is the narrator, because it totally gives away how uninformed the producers must be: "an e-mail to one of bitcoins managers has never been returned". lol, I wonder why this bitcoin company doesn't answer emails... hmmm.

The clip leans a little too much against bitcoin to be called "unbiased"

http://www.youtube.com/watch?v=peYNk3njNnQ

So it aired? Anyone have a link/recording?