Topic: [FORTUNE] The clock is ticking on Bitcoin - page 2. (Read 10913 times)

The spin machine is working over time.

On the other hand, when bitcoin manages to weather this recent storm it will come out stronger, as a lot of the "ignore it so it will go away" people will have been proven wrong.

This is ABSOLUTELY TRUE.

This reporter told me --- BEFORE THE INTERVIEW --- that, yes, he'd be interested in any factual corrections to the article ... but suggested that most criticism will be coming from people due to his take/angle.   

In other words....

When he was assigned this story, there were two Givens:

(1)    The Topic

(2)    The Conclusion (i. e. They call it his "Take/Angle")

And this is before any research...

When he still didn't know a Bitcoin from a toaster oven.

The Boys who Own the Media...... own the media.

"A Lie can travel around the world before the Truth can get its shoe laces tied" - Mark Twain.

This will take patience.

OMG OMG OMG THAT IS SO 10000% INACCURATE!!! Corn seeds are not salty!!

I imagined Bruce running around with his hair on fire while typing

Moderation is necessary, you can't contradict media hype and inaccuracy with your own, they'll see right through it anyway. You can't bullshit a bullshitter.

Playing on people's greed with the price angle is a terrible way to promote Bitcoin because you are pulling in the wrong people before the market is ready. Even if you are only interested in driving the price up to whatever level you have set for yourself, the market is simply not liquid enough yet for the sharks and amateurs who will walk away quickly giving it a bad name. We need users without profit motives and businesses who can rely on them, without the daily dose of fear regarding the worth of their business.

Kinda my thoughts too...just look how long it took for them to get around to the poker stars sites...and that was stated as illegal the entire time under US law (right? this was my understanding) I am not a lawyer but I cannot see how Bitcoin is breaking any laws...not like the liberty dollar which claimed to be a dollar, had trust in god and made implications that it was backed by the US govt.

The US government might go after it but will take years. The only reason they want to go after it is because of silk road. If silk road goes away I think bitcoin will stay off the radar for quite some time.

Also even if the us government goes after bitcoin, theres still 200+ countries out there who could care less about bitcoin.

You being paranoid does not mean they are not after you.

Everything can use more paranoia...it keeps us safe.

Even more with the latest security fails surrounding Bitcoin paranoia could only help the cause.

Great, add more paranoia to the fanatic rants. That's exactly what Bitcoin needs to be taken seriously.

Just like my business plan
Step 1)Build RepRap
Step 2)Source parts for a bunch of RepRaps
Step 3)??
Step 4)Profit? Emphasis on question mark.

Step 1) Buy RepRap with BTC
Step 2) Make RepRap build GPUs
Step 3) Take over world!

The same people cannot understand why someone would open source anything. "You just gave it away...Why?"  Sometimes things are bigger than money.  I am currently involved with RepRap's, Arduino, and Bitcoin...it is difficult to explain to anyone what kind of an impact things like this have...in the coming weeks when my RepRap site is online I am planning to accept Bitcoin.

Bruce - re-reading my post, it looks like this was a personal attack on you, and I guess it somewhat was.  This was not my intent and I do apologize.  I actually enjoy reading your stuff and think you bring a ton (way more than I have, or am likely to!) of value to the community.

I just hate to see Bitcoin develop a PR problem because we as as a community can't do something as simple as having reasonable, respectful, and *truthful* conversations with detractors.   Trying to tell people not a single person has used a bitcoin for Silk Road purchases for example I believe is counter-productive to the cause - it's a completely made-up fact that is demonstrably false.

Otherwise, let the revolution continue!  It takes all types, and the community diversity is what will make this idea take hold and become strong!

-Phil

The hit pieces are getting bolder. I can smell the fear from here.

That's interesting. The ignorance is truly amazing. How about the one guy who says it would take about 40 days to recover your cost in a condescending tone.

Anyone who's ever owned a business would LOVE to recover their costs that fast. Most have capital to carry them through the first two years of expected LOSS so they can then realize gains. But hey, what do you expect from a bunch of people buying video cards for gaming (nothing against that but they have no business knowledge [general assumption])?

I just don't take these guys seriously. I've been investing in silver for over three years now and when I was buying it at $8.90 I had an investment advisor tell me I was nuts. Well it went up to just shy of $50 and now holding steady. Now that I'm studying the economics and philosophy behind BTC I will run it as a speculative business investment. I will hold onto my BTC like they were oz's of silver or gold and pay the electric bill out of my day job.

IF BTC is burnt to ash so be it. I've lost more on crazier ideas. But what these dweebs don't understand is that BTC is an attempt to bring change to a world that so desperately needs it in a way that it can actually accomplish something. What are they doing? What change are they trying to bring about? None. They are watchers not doers. Eating popcorn and watching the doers do that which they don't understand like it was Netflix or something.

And for enduring all that is exactly why people who are involved in BTC deserve to be rewarded. Perhaps we are martyred and future generations benefit and the history books write of us. Many of the founding fathers of America did much of what they did not for their own gain as much as for ideals. A man must ask himeslf at the end of the day what he has contributed to his fellow man. Popcorn eaters can choke on those salty seeds!!

I agree...to quote a line from the movie "Strange Days", "...it's not whether you are paranoid...it's whether you are paranoid enough.."

Here is my example from a discussion I was in regarding the 5830's back in stock at Newegg...granted I shouldn't have kept kicking the troll but whatever.

http://slickdeals.net/forums/showthread.php?sduid=0&t=3028001

BTW...WTF is up with all the "I have popcorn ready" comments, I have seen them in multiple forums. (I guess they are in the "Popcorn gallery"? That is the only thing I can think.)

You can be dam sure there are all kinds embedded in these pages. All kinds with different agendas. Miners who want to keep the difficulty down. And certainly, certainly gov agents and agents (i use that term loosely, aka, actors), of banks, corps, etc, who are trying to sway opinion.

It took many, many years for the Fed member banks to convince people that fiat was valid currency and they are incorporating the digital world into their fraud. Bitcoin will be a clear and present danger to their world and it will be acted upon. I'm curious beyond words how this will play out as the gov's previous foray into the world of bittorrent was an utter failure. It backfired and they brought more interest into something they tried to shut down. So now what the fuk do they do?

If they're smart they will not combat it openly through litigation but rather subterfuge. They will paint such a negative picture in the media in an attempt to keep it grounded in hopes that it will only be used in small niches. Eventually there will be competing currencies and this will become more clear to the larger mass of ignorant gov stooges. You can be sure some know it is an unstoppable train at this point.

We need to be aware of their tactics. Catalog the methods they use (it WILL be primarily media based attacks) and somehow counter them. It'll be a grassroots ground war spreading the gospel like an apostle. Many will not have the fortitude for it. Unfortunate too. This is the beginning of something that is sending shockwaves through the world that will be felt for ages. Many can't see that.

bruce?

you are kind of a fanatic - and that's ok.

but let me give you a tip - because you're becoming a very high-profile, go-to guy as far as the media is concerned.

get contracts for interviews.  real contracts, with... like... lawyers.  and don't give any more interviews without final cut: that is, it doesn't print or air without your ok.  the slant of a piece on Bitcoin is irrelevant; but you need to keep a firm hold on context, exact quotes, and facts.

I find it odd that in just about any forum whenever you mention Bitcoin there is always a troll that will dedicate the day to trying to sway people from Bitcoin...for a while I thought it was other miners trying to keep the difficulty down...now I am starting to wonder...there is a media attack for sure and I do suspect someone is trying to cause a mass exodus.

It wouldn't take much invested to cause ripples...couple million.  How much annually does the banking industry stand to lose in fees?