Topic: Bitcoin press hits, notable sources - page 63. (Read 430946 times)

no problem with that, bitcoin IS too hard, it's only for the top 1% smartest people on earth.
that is almost 60 million ...   

The Bitcoin Mess - Planet Money

Let's hope that they can successfully get BitCoins before they finish the report and declare that "BitCoin is too hard."

I agree, wikileaks 'cashing out' their bitcoins doesn't mean anything. They will continue to 'cash out' bitcoin donations because they need dollars/euros or pounds to pay for whatever their expenses are. Makes sense to me. It's like saying "Guy loses faith in dollars, exchanges some for goods and services!!!1!"

I agree, wikileaks 'cashing out' their bitcoins doesn't mean anything. They will continue to 'cash out' bitcoin donations because they need dollars/euros or pounds to pay for whatever their expenses are. Makes sense to me. It's like saying "Guy loses faith in dollars, exchanges some for goods and services!!!1!"

"Mt.Gov"?

This was written by someone with little or no prior exposure to Bitcoin. Tells me that was an assignment with marching orders as to tone and content.

More unfortunate news:

"EFF Loses Confidence in Bitcoin"

"Bitcoin's Speedy Fall: EFF Halts Donations and Wikileaks Cashes Out"

1. We don't fully understand the complex legal issues involved with creating a new currency system.
2. We don't want to mislead our donors.
3. People were misconstruing our acceptance of Bitcoins as an endorsement of Bitcoin.

Is this dude really that stupid or just a shill? Bitcoin exchange is hacked therefore bitcoin is not secure, published it in Forbes no less.

If anything, persistent attempts, whether successful or not, to steal bitcoin demonstrates exactly the opposite i.e. that bitcoins are very valuable. Criminals do not steal worthless stuff.

Bitcoin struggles as it tries to change e-currency
The P2P online currency shirks regulation or outside influence, but security woes and an unstable worth are among its current hangups.

http://www.digitaltrends.com/computing/bitcoin-struggles-as-it-tries-to-change-e-currency/

JUNE 20TH, 2011       
EFF and Bitcoin
Announcement by Cindy Cohn

For several months, EFF has been following the movement around Bitcoin, an electronic payment system that touts itself as "the first decentralized digital currency." We helped inform our members about this unique project through our blog and we experimented with accepting Bitcoin donations for several months in an account that was started by others.

However, we’ve recently removed the Bitcoin donation option from the Other Ways to Help page on the EFF website, and we have decided to not accept Bitcoins. We decided on this course of action for a few reasons:

1.   We don't fully understand the complex legal issues involved with creating a new currency system. Bitcoin raises untested legal concerns related to securities law, the Stamp Payments Act, tax evasion, consumer protection and money laundering, among others. And that’s just in the U.S. While EFF is often the defender of people ensnared in legal issues arising from new technologies, we try very hard to keep EFF from becoming the actual subject of those fights or issues. Since there is no caselaw on this topic, and the legal implications are still very unclear, we worry that our acceptance of Bitcoins may move us into the possible subject role.

2.   We don't want to mislead our donors. When people make a donation to a nonprofit like EFF, they expect us to use their donation to support our work. Because the legal territory around exchanging Bitcoins into cash is still uncertain, we are not comfortable spending the many Bitcoins we have accumulated. Because of this, we’re giving the Bitcoins that have been accumulated, or that may accumulate in the future, in the account set up in our name to the Bitcoin faucet, so that they can continue to circulate in the community.1

3.   People were misconstruing our acceptance of Bitcoins as an endorsement of Bitcoin. We were concerned that some people may have participated in the Bitcoin project specifically because EFF accepted Bitcoins, and perhaps they therefore believed the investment in Bitcoins was secure and risk-free. While we’ve been following the Bitcoin movement with a great degree of interest, EFF has never endorsed Bitcoin. In fact, we generally don’t endorse any type of product or service – and Bitcoin is no exception.

We appreciate the outpouring of support we have received from the Bitcoin community and we share that community's commitment to privacy and innovation. We also appreciate their frustration with the privacy problems posed by existing on-line payment systems. However, EFF will no longer be accepting or spending Bitcoins.

[1] We understand that we cannot close the account that has been set up in EFF’s name and that returning the donations to the individual donors would be complex and difficult.

Edit: just listened to the full interview and Peter still doesn't quite get it.  I've no doubt this will turn a lot of smart people on to Bitcoins though, and someday Peter will come around.

Dang premium content. Does anybody have a link to a free version?