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Topic: Bitcoin press hits, notable sources - page 88. (Read 430922 times)

hero member
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May 30, 2011, 01:34:30 AM
http://memeburn.com/2011/05/will-bitcoin-be-another-failed-global-ecurrency/

and comments (before they get deleted):

Quote
bitcoin can be divided to 8 decimal places if needed, m8


Quote
there is an algorithm which addressing the scalability issue you have mentioned where related to storing growing number of transactions. This is not implemented as of now but it is described in the original paper by Satoshi Nakamoto.

Every user can have practically unlimited number of public keys i.e. bitcoin accounts.

etc.. etc.. etc..

Bitcoin design, is much more complete and elegant than most people able to grasp with a first glance. Spend a week reading and thinking before writing the next article please.

Paragraph after paragraph of your article is about non-problems of bitcoin and about your misunderstanding of it's design.

legendary
Activity: 1246
Merit: 1016
Strength in numbers
May 29, 2011, 09:56:38 PM
Gibson dissing Calacanis and misquoting him as saying "Bitcoin is the worst idea ever" obviously got this from the "most dangerous idea" headline.

http://www.youtube.com/watch?v=qLpNGEXLUKY&t=2008s
member
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Merit: 10
May 29, 2011, 09:45:13 PM
...resyndicated on the NYT site ... it's big.
hero member
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full member
Activity: 168
Merit: 100
May 29, 2011, 09:16:36 PM
very nice
member
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Merit: 10
May 29, 2011, 04:57:54 PM
http://www.youtube.com/watch?v=gcn8cNCk9hM

The World's First Bitcoin Road Trip  on corbettreport
legendary
Activity: 1246
Merit: 1016
Strength in numbers
May 29, 2011, 03:22:40 PM

I liked the previous one by Falkvine - but this is full of mistakes (transfers are not instant, there is no $50million in the system, because most bitcoins were never sold or were sold much cheaper then $8 - stuff like this).

None of that $50M (actually lower like you say) is in the system either, it's paid to people who sold coins, it doesn't go 'in' anything. What we do know is that there are 6.3M coins and none of each of their owners declined to trade them for $8.20, so they value them more than that, but we don't know how much more.
zby
legendary
Activity: 1592
Merit: 1001
May 29, 2011, 02:53:01 PM
falkvinge.net - Why I’m Putting All My Savings Into Bitcoin falkvinge.net/2011/05/29/why-im-putting-all-my-savings-into-bitcoin/


The blog post that you referred to, located here, http://falkvinge.net/2011/05/29/why-im-putting-all-my-savings-into-bitcoin/ referred to a more mainstream article here, written in sweedish. http://svt.se/2.22584/1.2439316/ny_piratvaluta_kan_hota_finanssystemen



Here's the Google Translation, which contains some classic translation bloopers:

http://translate.google.com/translate?js=n&prev=_t&hl=en&ie=UTF-8&layout=2&eotf=1&sl=sv&tl=en&u=http%3A%2F%2Fsvt.se%2F2.22584%2F1.2439316%2Fny_piratvaluta_kan_hota_finanssystemen

1. Headline:  "New counterfeit currency may threaten financial systems"
2. "You could say that the currency is backed by people's distrust of governments, "says Rick Falk Vinge to SVT. There is no government that can blow you to save the state economy."   (haha!  maybe THAT is the "Headline")

I liked the previous one by Falkvine - but this is full of mistakes (transfers are not instant, there is no $50million in the system, because most bitcoins were never sold or were sold much cheaper then $8 - stuff like this).
sr. member
Activity: 381
Merit: 255
May 29, 2011, 12:45:14 PM
Seems like the finance industry gets more and more into this. This article is quite nice: http://www.italkcash.com/forum/i-talk-cash-news/286633-most-amazing-revolutionary-payment-system-world.html

The most amazing revolutionary payment system in the world <-- No doubt these guys are head over heels with this.
sr. member
Activity: 266
Merit: 250
May 29, 2011, 10:41:13 AM
falkvinge.net - Why I’m Putting All My Savings Into Bitcoin falkvinge.net/2011/05/29/why-im-putting-all-my-savings-into-bitcoin/


The blog post that you referred to, located here, http://falkvinge.net/2011/05/29/why-im-putting-all-my-savings-into-bitcoin/ referred to a more mainstream article here, written in sweedish. http://svt.se/2.22584/1.2439316/ny_piratvaluta_kan_hota_finanssystemen



Here's the Google Translation, which contains some classic translation bloopers:

http://translate.google.com/translate?js=n&prev=_t&hl=en&ie=UTF-8&layout=2&eotf=1&sl=sv&tl=en&u=http%3A%2F%2Fsvt.se%2F2.22584%2F1.2439316%2Fny_piratvaluta_kan_hota_finanssystemen

1. Headline:  "New counterfeit currency may threaten financial systems"
2. "You could say that the currency is backed by people's distrust of governments, "says Rick Falk Vinge to SVT. There is no government that can blow you to save the state economy."   (haha!  maybe THAT is the "Headline")
full member
Activity: 173
Merit: 101
May 29, 2011, 10:08:08 AM
falkvinge.net - Why I’m Putting All My Savings Into Bitcoin falkvinge.net/2011/05/29/why-im-putting-all-my-savings-into-bitcoin/
newbie
Activity: 10
Merit: 0
May 28, 2011, 01:43:22 PM
Danish news:
http://ing.dk/artikel/119525-bitcoins-oekonomisk-revolution-eller-ny-it-boble

Saw it in the physical newspaper though
sr. member
Activity: 294
Merit: 273
May 28, 2011, 12:35:13 AM
While we're at it:


legendary
Activity: 1288
Merit: 1080
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