Bitcoin press hits, notable sources - page 36.

julz

legendary

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Another idiot talks about Bitcoin as if it's history.
Opinions that something won't succeed are one thing - but Gurav Ghos is just making stuff up.
(Perhaps yet another journalist who copies from The Atlantic )

Quote

Trust and Bitcoin

Gaurav S Ghos
2011-09-12

http://blogs.economictimes.indiatimes.com/choicerules/entry/trust-and-bitcoin

"Bitcoin failed in its attempt to become a widespread medium of exchange because it was missing and always would miss a critical element that underpins any currency. That element was trust."

julz

legendary

Activity: 1092

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Quote

Krugman's Bitcoin Error

2011-09-10

http://presentcynosure.wordpress.com/2011/09/10/krugmans-bitcoin-error/

"Paul Krugman, the nobel prize winning economist, is not really interested in Bitcoin. The only reason he recently wrote about the new cryptocurrency in his New York Times blog is because some people have urged him to. "

julz

legendary

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Some more meta-pieces regarding the Krugman article:

Quote

Krugman takes on Bitcoin

Joshua Keating
2011-09-08

http://blog.foreignpolicy.com/posts/2011/09/07/krugman_takes_on_bitcoin

Quote

Paul Krugman’s BitCoin Assessment Side-Steps the Hallucinatory Qualities of All Currencies

DJ Pangburn
2011-09-08

http://www.deathandtaxesmag.com/139737/paul-krugmans-bitcoin-assessment-side-steps-the-hallucinatory-qualities-of-all-currencies/

julz

legendary

Activity: 1092

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Another reaction to the Kruger article

Quote

How Bitcoin Shows We Don't Want a Gold Standard

Sam Seder (From the Majority Report majority.fm)
20011-09-07

http://www.youtube.com/watch?v=dwJ1lh8-FBY

julz

legendary

Activity: 1092

Merit: 1001

The Krugman story hits slashdot

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Krugman On Bitcoin and the Gold Standard
20011-09-08

http://news.slashdot.org/story/11/09/08/2134242/Krugman-On-Bitcoin-and-the-Gold-Standard

julz

legendary

Activity: 1092

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Quote

E-Currency and the future of anonymity

2011-09-08
Aj Sundar

http://www.studlife.com/forum/staff-columnists/2011/09/08/e-currency-and-the-future-of-anonymity/

julz

legendary

Activity: 1092

Merit: 1001

Quote from: someotherguy on September 08, 2011, 11:41:24 AM

From the Atlantic on 8-8-2011, 7:30am
...

Seriously? That article is a month old and has already been reported here.
It's ridiculous inflammatory title has also spent more of it's fair share in the google limelight and provided a source of junk material for lazy journalists to write copycat articles.

someotherguy

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From the Atlantic on 8-8-2011, 7:30am

http://www.theatlantic.com/technology/archive/2011/08/the-bitcoin-economy-is-collapsing-with-no-sign-of-recovery/243253/

Boussac

legendary

Activity: 1221

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e-ducat.fr

A very commandable article on blogdial in response to the moronic paper published by the Baker Institute:

http://blogdial.wordpress.com/2011/09/02/precursors-to-bitcoin-legislation-emerge/

geek-trader

sr. member

Activity: 294

Merit: 250

The Atlantic Wire comments on Krugman's article and quotes users from this forum!

http://www.theatlanticwire.com/business/2011/09/paul-krugman-incites-bitcoin-cyber-geek-infighting/42188/

michaelsuede

jr. member

Activity: 39

Merit: 1

Libertarian News responds to Krugman's latest anti-bitcoin screed.

http://www.libertariannews.org/2011/09/07/questions-for-krugman-on-his-latest-bitcoin-screed/

julz

legendary

Activity: 1092

Merit: 1001

Quote

First German marketplace for Bitcoins - bitcoin.de provides security for trading partners

2011-09-07

http://www.fair-news.de/news/Erster+deutscher+Marktplatz+fuer+Bitcoins+bitcoinde+bietet+Sicherheit+fuer+Handelspartner-429983.html

http://translate.google.com/translate?sl=de&tl=en&js=n&prev=_t&hl=en&ie=UTF-8&layout=2&eotf=1&u=http%3A%2F%2Fwww.fair-news.de%2Fnews%2FErster%2Bdeutscher%2BMarktplatz%2Bfuer%2BBitcoins%2Bbitcoinde%2Bbietet%2BSicherheit%2Bfuer%2BHandelspartner-429983.html&act=url

"Buy and Sell Bitcoins was previously possible only through market places and exchanges abroad. As the first German marketplace allows users bitcoin.de especially German exchange and trade of Bitcoins."

www.bitcoin.de

julz

legendary

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From a US marketing firm for credit unions.

This is yet another commentator who seems to draw conclusions of where bitcoins are headed based on the recent price decline.

Quote

The end of money?

2011-09-07
Kent Dicken

http://www.sharedidiz.com/?p=8551

"As the Bitcoin enthusiasts lose their enthusiasm, it looks like Bitcoins will simply fade away."

iDiz:

Quote

For those of you new to iDiz, we're a strategic marketing agency located in Indianapolis. We handle advertising, promotional campaigns, web sites, branding, print, and more for credit unions all across the country that are ready to grow

molecular

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Activity: 2772

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Quote from: julz on September 07, 2011, 01:06:08 AM

http://krugman.blogs.nytimes.com/2011/09/07/golden-cyberfetters/

Discussion of Krugman piece can go here: https://bitcointalksearch.org/topic/paul-krugman-effect-42004

BkkCoins

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firstbits:1MinerQ

Quote from: julz on September 07, 2011, 01:06:08 AM

Quote

Golden Cyberfetters

Paul Krugman
2011-09-07

http://krugman.blogs.nytimes.com/2011/09/07/golden-cyberfetters/

While reading his article I just wondered where he comes up with his claims. Bitcoin prices are lower than in a longer time and this doesn't indicate to me that people are hoarding it.

If you look at figures on BitcoinWatch it looks like in the last 24 hours about a quarter of all Bitcoins have changed hands in transactions and this is typical many days. So isn't that explicitly what he says a good currency should be for: trade, transactions.

In comparison only about 3% of that volume is in US$ exchange which to me says that the everyday in and out of US$ is but a small part of the overall trade volume. I don't know what that trade is but people seem to be transacting - so I just don't know where he pulls his ideas out of.

I can guess though. I don't know much about Krugman but it seems like he has an axe to grind against Gold and so he just uses Bitcoin as an opportunity to take a swing, pulling out of his *ss whatever fits his gripes against Gold.

I'm pretty sure the percent of US$ supply that is being "hoarded" (ie. not traded today) vs. percent of Bitcoins, is probably higher - though I'm just pulling that idea out of my *ss too.

julz

legendary

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Someone at businessinsider decides to put words in Krugman's mouth with a misleading title on their shoddy little meta-article.

Quote

Paul Krugman Explains Why Bitcoin Is A Stupid Currency

Joe Weisenthal
2011-09-07

http://www.businessinsider.com/paul-krugman-on-bitcoin-2011-9

netrin

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Activity: 322

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FirstBits: 168Bc

Quote from: proudhon on September 07, 2011, 07:59:23 AM

I like that the new thing he discovers about bitcoin isn't that it's decentralized, but that it's not pegged to the dollar. I mean, there's never been anything not pegged to the dollar, but decentralized payment systems...pft, those are everywhere.

Decentralized doesn't mean anything to half the geeks and nothing to rest of the population.

It's a great piece. In fact, I think it's quite accurate.

Quote

...Bitcoin, an attempt to create a sort of private cybercurrency...Bitcoin, rather than fixing the value of the virtual currency in terms of those green pieces of paper, fixes the total quantity of cybercurrency instead, and lets its dollar value float. In effect, Bitcoin has created its own private gold standard world, in which the money supply is fixed rather than subject to increase via the printing press...The dollar value of that cybercurrency has fluctuated sharply, but overall it has soared. So buying into Bitcoin has, at least so far, been a good investment...What we want from a monetary system isn’t to make people holding money rich; we want it to facilitate transactions and make the economy as a whole rich. And that’s not at all what is happening in Bitcoin...the Bitcoin economy has in effect experienced massive deflation...incentive to hoard the virtual currency rather than spending it...it reinforces the case against anything like a new gold standard – because it shows just how vulnerable such a standard would be to money-hoarding, deflation, and depression.

proudhon

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Quote from: molecular on September 07, 2011, 04:02:46 AM

Quote from: julz on September 07, 2011, 01:06:08 AM

Quote

Golden Cyberfetters

Paul Krugman
2011-09-07

http://krugman.blogs.nytimes.com/2011/09/07/golden-cyberfetters/

Rough summary for the tldr-people:

First I though what's new? There are already virtual payment system
Then I realized: it's not pegged to dollar but has fixed money supply (it's money not payment system)
Evaluation: did this experiment work? (assuming it's over already, lol)
It's good investment for some but not helping economy as a whole.
Conclusion: we don't need anything like a new gold standard, that would cause money-hoarding, deflation, and depression

Argh, so he's using our infancy-currency to argue against a gold standard. A bit premature, I would say.

EDIT: I registered and posted a comment, which is waiting for manual check for off-topic or abusive content.

I like that the new thing he discovers about bitcoin isn't that it's decentralized, but that it's not pegged to the dollar. I mean, there's never been anything not pegged to the dollar, but decentralized payment systems...pft, those are everywhere.

molecular

donator

Activity: 2772

Merit: 1019

Quote from: julz on September 07, 2011, 01:06:08 AM

Quote

Golden Cyberfetters

Paul Krugman
2011-09-07

http://krugman.blogs.nytimes.com/2011/09/07/golden-cyberfetters/

Rough summary for the tldr-people:

First I though what's new? There are already virtual payment system
Then I realized: it's not pegged to dollar but has fixed money supply (it's money not payment system)
Evaluation: did this experiment work? (assuming it's over already, lol)
It's good investment for some but not helping economy as a whole.
Conclusion: we don't need anything like a new gold standard, that would cause money-hoarding, deflation, and depression

Argh, so he's using our infancy-currency to argue against a gold standard. A bit premature, I would say.

EDIT: I registered and posted a comment, which is waiting for manual check for off-topic or abusive content.

ben-abuya

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Activity: 323

Merit: 250

Quote from: julz on September 07, 2011, 01:06:08 AM

Golden Cyberfetters

Paul Krugman
2011-09-07

http://krugman.blogs.nytimes.com/2011/09/07/golden-cyberfetters/

I'd say this counts as one the most highly visible opinion pieces on Bitcoin we've seen. I was pretty sure he wasn't going to like it but, he took Bitcoin pretty seriously and didn't deride it as much as I thought he would. Overall, I bet a lot of new people will learn or be reminded of its existence because of this.

Topic: Bitcoin press hits, notable sources - page 36. (Read 430890 times)