Topic: Bitcoin revealed: a Ponzi scheme for redistributing wealth - Washington Post - page 2. (Read 4221 times)
January 15, 2015, 12:24:26 PM
I wonder if this article will legitimize Bitcoin for those libertarians that were on the fence.
January 15, 2015, 12:19:19 PM
Looks like another reporter just heard about bitcoin. He has done his due diligence and spent 20 mins. googling "What is bitcoin?" Now he's an expert! 
do you have to be an expert to use Bitcoin? If YES, then say it straight.
IF NOT then it is not so hard to see that Bitcoin is bubble and only few people are earning from it. It is OK but admit that
Bitcoin will not dissapear as system, the so called "exchangers" will dissapear because they will be closed very soon. The first ones will be from USA. Either BitPay, either Coinbase.
I do know more than most. I've been doing this since 2010 and I've seen a lot. But a true expert would also have a degree in cryptography and economics. No one knows the future however, least of all an internet reporter who does not even understand what a ponzi is.
I do have to disagree about the exchanges. BitPay and Coinbase are crushing it. There is just too much money on the table for no one to jump in. In the US there are some legal stumbling blocks, but bitcoin is a global phenomena and many places it's easy to set up.
January 15, 2015, 12:11:08 PM
A negatively spun article published about Bitcoin during a price crash...
Big surprise there.
Big surprise there.
Also poorly written and not entirely accurate. It is far to easy to kick BTC when it is down.
January 15, 2015, 11:08:52 AM
It's the way of the world, kick the underdog while he's down. Then of course when Bitcoin rises like a phoenix, they'll start rising melodramatic sensationalistic articles like "The Bitcoin revolution is here!" or "The internet of money has arrived!" or "Digital gold rush!" or "E-money, how to get involved".
Someone freelance that shit, sell to popular science, work blockchain angle for them
January 15, 2015, 11:05:08 AM
If I were the mainstream media I wouldn't blame them, FUD sells.
If it were a boring, Bitcoin prices stabilizes, technology maturing, and adoption keep increasing article, then they wouldn't get page hits.
It's the way of the world, kick the underdog while he's down. Then of course when Bitcoin rises like a phoenix, they'll start rising melodramatic sensationalistic articles like "The Bitcoin revolution is here!" or "The internet of money has arrived!" or "Digital gold rush!" or "E-money, how to get involved".
Right now there's not enough people in the mainstream that give a hoot, so only negative spun ones will get attention.
If it were a boring, Bitcoin prices stabilizes, technology maturing, and adoption keep increasing article, then they wouldn't get page hits.
It's the way of the world, kick the underdog while he's down. Then of course when Bitcoin rises like a phoenix, they'll start rising melodramatic sensationalistic articles like "The Bitcoin revolution is here!" or "The internet of money has arrived!" or "Digital gold rush!" or "E-money, how to get involved".
Right now there's not enough people in the mainstream that give a hoot, so only negative spun ones will get attention.
January 15, 2015, 11:04:21 AM
do you have to be an expert to use Bitcoin? If YES, then say it straight.
You have to have a moderate degree of intelligence at the moment, which goes a long way to explain why the trolls here are so down on it.
January 15, 2015, 11:02:26 AM
Why don't we fight back?
How about Bitcoin news sites start making 'Fuck you' Washington Post articles?
The author and the whole redaction should be ashamed of themselves. They have no right to claim something like this.
How about Bitcoin news sites start making 'Fuck you' Washington Post articles?
The author and the whole redaction should be ashamed of themselves. They have no right to claim something like this.
January 15, 2015, 10:59:44 AM
I really can't believe how someone can sit down and write an article of this lingh for a website like washington post without having a clue of what bitcoin is. It's 2015 and we still see people from the media calling bitcoin a ponzi...
January 15, 2015, 10:57:42 AM
Looks like another reporter just heard about bitcoin. He has done his due diligence and spent 20 mins. googling "What is bitcoin?" Now he's an expert!
do you have to be an expert to use Bitcoin? If YES, then say it straight.
IF NOT then it is not so hard to see that Bitcoin is bubble and only few people are earning from it. It is OK but admit that
Bitcoin will not dissapear as system, the so called "exchangers" will dissapear because they will be closed very soon. The first ones will be from USA. Either BitPay, either Coinbase.
Most people can use a smartphone, but just a few can tell, if your smartphone can be easily hacked.
It doesn't make any sense, that because you can use a technology, you can predict its future. Even if you undertand the technology completly, doesn't mean, you know it's future.
January 15, 2015, 10:54:37 AM
25% up in the last 24hours - it is still alive 
January 15, 2015, 10:52:36 AM
do you have to be an expert to use Bitcoin? If YES, then say it straight.
You have to have a moderate degree of intelligence at the moment, which goes a long way to explain why the trolls here are so down on it.
January 15, 2015, 10:50:16 AM
Journalists are equally clueless on every other subjects they cover be it politics, science, economy, culture and so on but you usually don't notice because you are less proficient in other subjects.
January 15, 2015, 10:45:26 AM
Looks like another reporter just heard about bitcoin. He has done his due diligence and spent 20 mins. googling "What is bitcoin?" Now he's an expert!
do you have to be an expert to use Bitcoin? If YES, then say it straight.
IF NOT then it is not so hard to see that Bitcoin is bubble and only few people are earning from it. It is OK but admit that
Bitcoin will not dissapear as system, the so called "exchangers" will dissapear because they will be closed very soon. The first ones will be from USA. Either BitPay, either Coinbase.
January 15, 2015, 10:34:25 AM
Looks like another reporter just heard about bitcoin. He has done his due diligence and spent 20 mins. googling "What is bitcoin?" Now he's an expert!
January 15, 2015, 10:15:34 AM
Bitcoin is here to prove that without FED saving the world, everything will still back to order
FED bought lots of assets with nothing when everyone was in panic, now same trick is going to play again to create another panic (first in petroleum and then everything else) and they will buy a whole lot more this time with money out of thin air
The USD inflation judged by base money supply is 6000% since 2008, but banks cover that by using M2 or M3 as measurement, and those are just numbers in bank's database, just like your bitcoins in an exchange, it can be any numbers banks want it to be, they could easily lend to each other multiple times to create lots of those numbers, and they could repay each other to remove those numbers
FED bought lots of assets with nothing when everyone was in panic, now same trick is going to play again to create another panic (first in petroleum and then everything else) and they will buy a whole lot more this time with money out of thin air
The USD inflation judged by base money supply is 6000% since 2008, but banks cover that by using M2 or M3 as measurement, and those are just numbers in bank's database, just like your bitcoins in an exchange, it can be any numbers banks want it to be, they could easily lend to each other multiple times to create lots of those numbers, and they could repay each other to remove those numbers
a lot of bla bla and non senses. how did you buy Bitcoin(if you did it) ? did you work for it or how? with fiat currency, right?
So, keep your bullshits regarding to FED and USD. Sell everything you have and buy Bitcoin and live your live by using it.
Be an example for all of us!
January 15, 2015, 10:10:20 AM
Yeah, I thought she'd be a really wild lay. lol
... i'd have to agree.
Until you get a picture of Gene Simmons or Sonny Bono in your mind while you were trying to crank one home on her and end up puking all over her instead...
hmmmm...
January 15, 2015, 10:08:09 AM
Yeah, I thought she'd be a really wild lay. lol
... i'd have to agree.
Until you get a picture of Gene Simmons or Sonny Bono in your mind while you were trying to crank one home on her and end up puking all over her instead...
You should get a job as a birth control substitute.
January 15, 2015, 09:57:09 AM
Yeah, I thought she'd be a really wild lay. lol
... i'd have to agree.
Until you get a picture of Gene Simmons or Sonny Bono in your mind while you were trying to crank one home on her and end up puking all over her instead...
January 15, 2015, 09:56:11 AM
Bitcoin is here to prove that without FED saving the world, everything will still back to order
FED bought lots of assets with nothing when everyone was in panic, now same trick is going to play again to create another panic (first in petroleum and then everything else) and they will buy a whole lot more this time with money out of thin air
The USD inflation judged by base money supply is 6000% since 2008, but banks cover that by using M2 or M3 as measurement, and those are just numbers in bank's database, just like your bitcoins in an exchange, it can be any numbers banks want it to be, they could easily lend to each other multiple times to create lots of those numbers, and they could repay each other to remove those numbers
FED bought lots of assets with nothing when everyone was in panic, now same trick is going to play again to create another panic (first in petroleum and then everything else) and they will buy a whole lot more this time with money out of thin air
The USD inflation judged by base money supply is 6000% since 2008, but banks cover that by using M2 or M3 as measurement, and those are just numbers in bank's database, just like your bitcoins in an exchange, it can be any numbers banks want it to be, they could easily lend to each other multiple times to create lots of those numbers, and they could repay each other to remove those numbers
January 15, 2015, 09:47:54 AM
Yeah, I thought she'd be a really wild lay. lol
... i'd have to agree.
HaHa
I loved those slutty outfits she would wear. That worked great for her in her 20s and 30s. In her 60s not so much.
That's what the Washington Post needs now. Since their journalistic integrity is gone they should just put porn on the cover.
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