Bitcoin press hits, notable sources - page 61.

Vladimir

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Quote from: marcus_of_augustus on June 23, 2011, 05:21:20 AM

Reporters all just hoping to buy bitcoins on the cheap after their trash stories, been sitting on sidelines since April watching it skyrocket .... once they've bought in they'll be hyping it up like little squealing fat pigs ....

yep, the bastards are just talking up their books, as usual... Roll Eyes

relative

newbie

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Quote from: FreeMoney on June 23, 2011, 04:50:28 AM

Needs some sex. I give it 4 days.

it's only a matter of time until there is a bitcoin prostitution story all over cable news.

FreeMoney

legendary

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Strength in numbers

http://technolog.msnbc.msn.com/_news/2011/06/22/6917264-bitcoin-virtual-money-gets-hacked-and-heisted

Quote

The attack on the Mt. Gox Bitcoin Exchanged involved an attempt convert 400,000 Bitcoin credits to $9 million "real money" (the exchange value at the time). That suspiciously large transaction caused Mt. Gox to take itself offline to investigate, and the resulting panic caused Bitcoin's real money value dramatically.

Now I have been drinking, but I don't think that's the reason I can't parse that last clause.

marcus_of_augustus

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Eadem mutata resurgo

Reporters all just hoping to buy bitcoins on the cheap after their trash stories, been sitting on sidelines since April watching it skyrocket .... once they've bought in they'll be hyping it up like little squealing fat pigs ....

shady financier

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etcetera

Quote from: RaTTuS on June 23, 2011, 03:46:06 AM

http://www.guardian.co.uk/technology/2011/jun/22/bitcoins-how-do-they-work
more in the Guardian now

It's really annoying how they make out the value crashed to pennies and now nobody knows if a bitcoin is worth anything. And they always show that plunging chart, but not what happened afterwards on other exchanges. The objective is to give the impression that the value crashed and that's it, we all wait on baited breath for the offices of Bitcoin ltd to reopen and announce whether the magical tokens will be honored by the company or not as the auditors move in and the Managing Directors are hauled before the courts.

FreeMoney

legendary

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Strength in numbers

Quote from: ben-abuya on June 23, 2011, 03:24:34 AM

Quote from: Vladimir on June 23, 2011, 03:07:56 AM

Quote from: Cluster2k on June 23, 2011, 12:15:22 AM

I'm sure merchants are lining up to support bitcoins with this kind of publicity.

You do not get it man. There is no such thing as bad publicity. Bitcoin is a singularity which is growing exponentially for some time now and is going to keep growing like that until it stops. All these mainstream publications are doing is pouring gasoline on fire trying to extinguish it.

Lots of smart people will see through bullshit and hear about bitcoin for the first time. They will adopt it. Idiots will have a chance to get some bitcoins later when one BTC worth 10k$.

The only thing these hit pieces will ensure is that bitcoin worth 100$ or more by the end of the summer.

+1

The press is getting addicted to the bitcoin drama, there's no turning back. The story has it all: money, drugs, technology, hackers, politicians. It keeps getting better and better.

Needs some sex. I give it 4 days.

RaTTuS

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Bite me

http://www.guardian.co.uk/technology/2011/jun/22/bitcoins-how-do-they-work
more in the Guardian now

Jessy Kang

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Quote from: Vladimir on June 23, 2011, 03:07:56 AM

You do not get it man. There is no such thing as bad publicity.

Facebook Users DROP In U.S.: Millions Left The Social Network In May 2011

Some light reading:
The NPV of Bad News.

"Bitcoin" search volume on Google has been flat for two weeks- so people are not reading these articles and then rushing over to get some.

ben-abuya

sr. member

Activity: 323

Merit: 250

Quote from: Vladimir on June 23, 2011, 03:07:56 AM

Quote from: Cluster2k on June 23, 2011, 12:15:22 AM

I'm sure merchants are lining up to support bitcoins with this kind of publicity.

You do not get it man. There is no such thing as bad publicity. Bitcoin is a singularity which is growing exponentially for some time now and is going to keep growing like that until it stops. All these mainstream publications are doing is pouring gasoline on fire trying to extinguish it.

Lots of smart people will see through bullshit and hear about bitcoin for the first time. They will adopt it. Idiots will have a chance to get some bitcoins later when one BTC worth 10k$.

The only thing these hit pieces will ensure is that bitcoin worth 100$ or more by the end of the summer.

+1

The press is getting addicted to the bitcoin drama, there's no turning back. The story has it all: money, drugs, technology, hackers, politicians. It keeps getting better and better.

elewton

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Merit: 100

DIA | Data infrastructure for DeFi

Especially since no sane person takes the Australian media seriously. Read a few articles on anything remotely controversial, and most will be goose-stepping it up to the party line.

Vladimir

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Quote from: Kid81 on June 23, 2011, 12:06:21 AM

http://www.theage.com.au/technology/technology-news/secret-money-abc-virtual-currency-racket-probe-20110623-1ggp6.html

News artical by the second largest paper in Australia.

Lol, looks like one of those "how do I run 10 000 miners stealthily" poster got busted, surprise, surprise.

Vladimir

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Activity: 812

Merit: 1001

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Quote from: Cluster2k on June 23, 2011, 12:15:22 AM

I'm sure merchants are lining up to support bitcoins with this kind of publicity.

You do not get it man. There is no such thing as bad publicity. Bitcoin is a singularity which is growing exponentially for some time now and is going to keep growing like that until it stops. All these mainstream publications are doing is pouring gasoline on fire trying to extinguish it.

Lots of smart people will see through bullshit and hear about bitcoin for the first time. They will adopt it. Idiots will have a chance to get some bitcoins later when one BTC worth 10k$.

The only thing these hit pieces will ensure is that bitcoin worth 100$ or more by the end of the summer.

Cluster2k

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Activity: 1692

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Quote from: speeder on June 22, 2011, 07:49:29 AM

Quote from: Bezza on June 22, 2011, 06:05:10 AM

http://www.guardian.co.uk/technology/2011/jun/22/lulzsec-rogue-suspected-of-bitcoin-hack

Now that is interesting.

If the entire article is true, they have beaten the forums to the punch.

LulzSec has become the new electronic boogeyman, akin to Al Qaeda. Over the past few years whenever an attack occurred the media would label it as 'bearing all the hallmarks of Al Qaeda' within hours of the attack, regardless of any investigation or conclusive evidence. Now we'll have LulzSec being blamed for every electronic intrusion and DDoS. They must be loving the attention.

Cluster2k

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Quote from: bitboy on June 22, 2011, 11:50:11 PM

This is frickin hilarious! Grin

Secret money: ABC virtual currency racket probe
Asher Moses
June 23, 2011 - 2:15PM

An ABC IT worker has reportedly dragged the public broadcaster into a virtual currency money making racket and a "serious misconduct case" is underway.

http://www.smh.com.au/technology/technology-news/secret-money-abc-virtual-currency-racket-probe-20110623-1ggp6.html

Well there you go. Bitcoin is a "money making racket". Over the past two weeks popular media has labeled bitcoin as the currency of choice for drug dealers, money launderers and now it's a racket (hence implying the whole thing is illegal). Fantastic. I'm sure merchants are lining up to support bitcoins with this kind of publicity.

Kid81

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http://www.theage.com.au/technology/technology-news/secret-money-abc-virtual-currency-racket-probe-20110623-1ggp6.html

News artical by the second largest paper in Australia.

bitboy

jr. member

Activity: 55

Merit: 55

This is frickin hilarious! Grin

Secret money: ABC virtual currency racket probe
Asher Moses
June 23, 2011 - 2:15PM

An ABC IT worker has reportedly dragged the public broadcaster into a virtual currency money making racket and a "serious misconduct case" is underway.

http://www.smh.com.au/technology/technology-news/secret-money-abc-virtual-currency-racket-probe-20110623-1ggp6.html

Longmarch

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From the Doug Casey article...

Quote

Frankly, I can’t see why anyone would, when there’s already an electronic digital currency like Bitcoin but backed with gold: GoldMoney. I should disclose that I’m a small investor in the company. But I have to say that I really do like GoldMoney. It does everything Bitcoin does — or did — but is backed by something of real value: gold. That means it’s not just an abstraction, but an actual store of wealth. The ultimate proof of that is that you can take delivery of your gold if you want to. With Bitcoin, there’s nothing to take delivery of. I don’t understand why anyone would use Bitcoin when they can use GoldMoney, which does all the same things but has real backing.

em3rgentOrdr

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youtube.com/ericfontainejazz now accepts bitcoin

Quote from: Vladimir on June 22, 2011, 08:41:50 PM

Quote from: bitboy on June 22, 2011, 08:11:27 PM

Doug Casey on Bitcoin and Currencies
(Interviewed by Louis James, Editor, International Speculator)

http://howestreet.com/2011/06/doug-casey-bitcoin-currencies/

Quote

Doug: It’s a sign of the times. Lots of people are actively looking for an alternative to the dollar. I think Bitcoin is a very good thing, in principle. But after the recent disastrous hack, it’s probably a dead duck, at least in version 1.0.

Stopped reading right here. Doug has no clue.

Wow. Doug Casey is someone I respect and admire his intelligence and humor. I think Stefan Molyneux said it best: the hacking attempts are simply proof that bitcoin has value, and there are bad guys out there who will steal valuables. Eventually there will be entrepreneuers out there who will provide multiple levels on encryption to safeguard your valuables.

Anyway, I propose that the bitcoin client code be modified to require the user to enter a passphrase that will PGP encrypt the user's wallet.dat by default.

Vladimir

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Quote from: bitboy on June 22, 2011, 08:11:27 PM

Doug Casey on Bitcoin and Currencies
(Interviewed by Louis James, Editor, International Speculator)

http://howestreet.com/2011/06/doug-casey-bitcoin-currencies/

Quote

Doug: It’s a sign of the times. Lots of people are actively looking for an alternative to the dollar. I think Bitcoin is a very good thing, in principle. But after the recent disastrous hack, it’s probably a dead duck, at least in version 1.0.

Stopped reading right here. Doug has no clue.

bitboy

jr. member

Activity: 55

Merit: 55

Doug Casey on Bitcoin and Currencies
(Interviewed by Louis James, Editor, International Speculator)

http://howestreet.com/2011/06/doug-casey-bitcoin-currencies/

Topic: Bitcoin press hits, notable sources - page 61. (Read 430946 times)