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Topic: mistakes the media makes - page 2. (Read 1639 times)

member
Activity: 67
Merit: 10
August 11, 2014, 10:42:37 AM
#5
Well that's to be expected. I take it it was 1.6 millions worth of bitcoins? Not the worst mistake I've seen to be honest.
sr. member
Activity: 350
Merit: 250
Honest 80s business!
August 11, 2014, 10:39:38 AM
#4
Some of the mistakes that still crop up in bitcoin news reports are incredible.

a 1.4 acre site near Lake Tahoe in California has been sold in exchange of 1.6 million bitcoins.  Shocked The transaction marks one among the latest series of real estate deals, but has set a record in terms of its price, where the bitcoins were priced at 2,739.  Huh


What??? I just read about that sale at Lake Tahoe, but did they really make those mistakes? What is '2,739'Huh The price in USD? like over 2k? Or is that a decimal comma??? This just doesn't add up. Of course 1.6 million BTC would be... a lot!

1.6 million BTC at a price of $2,739 would mean that the property sold for .... drumroll .... 4.3824 BILLION dollars  Cheesy Grin Cool

Hahhaha, yeah... Well, maybe they did sell the whole Lake? Cheesy On the Nevada side they've got some pretty big hotels and casinos, have you ever been there? But yeah, I think they just don't bother researching their story and churn out some arbitrary numbers...
hero member
Activity: 784
Merit: 1001
August 11, 2014, 10:37:02 AM
#3
Some of the mistakes that still crop up in bitcoin news reports are incredible.

a 1.4 acre site near Lake Tahoe in California has been sold in exchange of 1.6 million bitcoins.  Shocked The transaction marks one among the latest series of real estate deals, but has set a record in terms of its price, where the bitcoins were priced at 2,739.  Huh


What??? I just read about that sale at Lake Tahoe, but did they really make those mistakes? What is '2,739'Huh The price in USD? like over 2k? Or is that a decimal comma??? This just doesn't add up. Of course 1.6 million BTC would be... a lot!

1.6 million BTC at a price of $2,739 would mean that the property sold for .... drumroll .... 4.3824 BILLION dollars  Cheesy Grin Cool
sr. member
Activity: 350
Merit: 250
Honest 80s business!
August 11, 2014, 10:33:47 AM
#2
Some of the mistakes that still crop up in bitcoin news reports are incredible.

a 1.4 acre site near Lake Tahoe in California has been sold in exchange of 1.6 million bitcoins.  Shocked The transaction marks one among the latest series of real estate deals, but has set a record in terms of its price, where the bitcoins were priced at 2,739.   Huh


What??? I just read about that sale at Lake Tahoe, but did they really make those mistakes? What is '2,739'Huh The price in USD? like over 2k? Or is that a decimal comma??? This just doesn't add up. Of course 1.6 million BTC would be... a lot!
hero member
Activity: 784
Merit: 1001
August 11, 2014, 10:28:39 AM
#1
Some of the mistakes that still crop up in bitcoin news reports are incredible.

a 1.4 acre site near Lake Tahoe in California has been sold in exchange of 1.6 million bitcoins.  Shocked The transaction marks one among the latest series of real estate deals, but has set a record in terms of its price, where the bitcoins were priced at 2,739.   Huh
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