Damn.
Cheers,
Kermee
Topic: CNBC Releases Bitcoin Article (Read 1404 times)
"The FDIC doesn't guarantee virtual currencies."
Damn.
Cheers,
Kermee
Damn.
Cheers,
Kermee
"Given the currency's instability, that led to rapid inflation and the currency value peaked at nearly $28 on June 9."
"On June 19, Mt. Gox, the most popular bitcoin exchange, saw the value of the currency drop from $17 to nearly zero in just a few minutes after hackers gained access to an account with a large number of bitcoins, and sold them all off. The site suspended trading for six days, as it upgraded security and "rolled back" exchange prices to the pre-hack level. The hack and others like it underscore the problem with the unregulated nature of bitcoins."
It would be nice if they compared it to the flash crash in the highly regulated stock markets a few years back..
"The FDIC doesn't guarantee virtual currencies. "
HAHA
"On June 19, Mt. Gox, the most popular bitcoin exchange, saw the value of the currency drop from $17 to nearly zero in just a few minutes after hackers gained access to an account with a large number of bitcoins, and sold them all off. The site suspended trading for six days, as it upgraded security and "rolled back" exchange prices to the pre-hack level. The hack and others like it underscore the problem with the unregulated nature of bitcoins."
It would be nice if they compared it to the flash crash in the highly regulated stock markets a few years back..
"The FDIC doesn't guarantee virtual currencies. "
HAHA
Light on the technical details and mostly accurate. Overall a good piece for CNBC.
The reason it was good is because it was light on the technical details which John and Jane Q Public will never be interested in.
Yes, these articles should indeed explain things simply (ie, without lots of technical detail). I wish, though, that they'd emphasize quickness of transactions, the fact that the fees are extremely low or non-existent, and micro-payments are fully practical. These articles always skim over what's truly cool (from an average person's perspective) about bitcoin!
Light on the technical details and mostly accurate. Overall a good piece for CNBC.
The reason it was good is because it was light on the technical details which John and Jane Q Public will never be interested in.
Light on the technical details and mostly accurate. Overall a good piece for CNBC.
As mentioned very well done. posted it to both FaceBook and Google+.
good article, need to send it to a few people.
Very bullish piece overall. And in just the right place, too.
I don't agree with how most are reporting BTC going to near 0.
With the rollback and lack of actual trades happening the value didn't really go to 0.
Other than that, and I imagine that's how history will remember it. This was a great article.
Jered
With the rollback and lack of actual trades happening the value didn't really go to 0.
Other than that, and I imagine that's how history will remember it. This was a great article.
Jered
That was interesting article. They had an article last month about the Bitcoin crash.
Fair article
CNBC just released an article about Bitcoin. The read is pretty good compared to most other articles and is fairly comprehensive for a short piece.
http://www.cnbc.com/id/43823614
http://www.cnbc.com/id/43823614
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