[Podcast] NPR's Planet Money - The Tuesday Podcast: Bitcoin

BitcoinPorn

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Quote from: Cusipzzz on July 13, 2011, 08:54:56 PM

I have no idea...but it would explain why someone would feel comfortable with that amount on there.

Well shucks, this is information about MyBitcoin I did not know.

Quote

This service shows the name MyBitcoin LLC and a mailing address in Nevis. It is not known if this truly is an LLC and if so, where the organization is located. There has been no member of the Bitcoin community who has claimed any affiliation with MyBitcoin.

Interesting. I'm surprised the site gets used so much, I have always read negative things and just choose to wait for a more, or any information, regarding the owners now (is it BRUCE http://forum.bitcoin.org/?topic=3597.0 )

Cusipzzz

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I have no idea...but it would explain why someone would feel comfortable with that amount on there.

Bitcoin Swami

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Quote from: Cusipzzz on July 13, 2011, 08:33:56 PM

Quote from: Bitcoin Swami on July 13, 2011, 05:03:10 PM

Having a half mil on mybitcoin is complete insanity.

not if you own mybitcoin, I imagine.

Are you saying someone at the bitcoin show owns mybitcoin?

Cusipzzz

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Quote from: Bitcoin Swami on July 13, 2011, 05:03:10 PM

Having a half mil on mybitcoin is complete insanity.

not if you own mybitcoin, I imagine.

Man From The Future

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Quote from: error on July 13, 2011, 03:11:05 PM

Quote from: Man From The Future on July 13, 2011, 01:18:25 PM

Quote from: Steve on July 13, 2011, 12:41:19 AM

I'm amazed at how certain some people seem to be that bitcoin will fail.

I'm amazed at how certain some people seem to be that bitcoin will succeed.

It's a new currency, will it take off, and succeed with a large number of people? I'd like it to, but I don't know if it will. I think it's likely to succeed, simply for the hyper-low/no-fees transactions, and the anonymity that you can have with it.

But.... you're from the future!

I can't go around causing loops in the space-time continuum, now, can I? Cheesy

Rassah

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Were those allinvain's 25,000 Bitcoin???

Bitcoin Swami

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Quote from: Chris Acheson on July 13, 2011, 04:57:57 PM

Quote from: stick_theman on July 13, 2011, 04:14:08 PM

Wow, someone in the Bitcoin Show office has a loooooot of Bitcoins! Close to half million dollars?!!! Just listened to the podcast, it's pretty good and accurate.

Not for long, if they keep forgetting to log out of mybitcoin on other peoples' computers.

Having a half mil on mybitcoin is complete insanity.

Chris Acheson

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Quote from: stick_theman on July 13, 2011, 04:14:08 PM

Wow, someone in the Bitcoin Show office has a loooooot of Bitcoins! Close to half million dollars?!!! Just listened to the podcast, it's pretty good and accurate.

Not for long, if they keep forgetting to log out of mybitcoin on other peoples' computers.

stick_theman

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Wow, someone in the Bitcoin Show office has a loooooot of Bitcoins! Close to half million dollars?!!! Just listened to the podcast, it's pretty good and accurate.

error

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Quote from: Man From The Future on July 13, 2011, 01:18:25 PM

Quote from: Steve on July 13, 2011, 12:41:19 AM

I'm amazed at how certain some people seem to be that bitcoin will fail.

I'm amazed at how certain some people seem to be that bitcoin will succeed.

It's a new currency, will it take off, and succeed with a large number of people? I'd like it to, but I don't know if it will. I think it's likely to succeed, simply for the hyper-low/no-fees transactions, and the anonymity that you can have with it.

But.... you're from the future!

Man From The Future

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Quote from: Steve on July 13, 2011, 12:41:19 AM

I'm amazed at how certain some people seem to be that bitcoin will fail.

I'm amazed at how certain some people seem to be that bitcoin will succeed.

It's a new currency, will it take off, and succeed with a large number of people? I'd like it to, but I don't know if it will. I think it's likely to succeed, simply for the hyper-low/no-fees transactions, and the anonymity that you can have with it.

Shinobi

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Yeah, you're either "with us" or "against us", right? Sheesh.

Quote from: TraderTimm on July 13, 2011, 03:37:23 AM

Quote from: error on July 13, 2011, 01:46:10 AM

Quote from: Steve on July 13, 2011, 12:41:19 AM

I'm amazed at how certain some people seem to be that bitcoin will fail.

A Columbia professor thinks Bitcoin will fail. I'm not surprised.

I'm not surprised either. In fact, it gives me even more confidence. We're talking about the same 'ivory tower' factory (in principle, not literally) that produced the current failing monetary policies in place now. I've also noticed that the older generation over 50 has a hard time understanding bitcoin, much less supporting it.

Glad to see NPR doing a even-handed job on the story.

TraderTimm

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Quote from: error on July 13, 2011, 01:46:10 AM

Quote from: Steve on July 13, 2011, 12:41:19 AM

I'm amazed at how certain some people seem to be that bitcoin will fail.

A Columbia professor thinks Bitcoin will fail. I'm not surprised.

I'm not surprised either. In fact, it gives me even more confidence. We're talking about the same 'ivory tower' factory (in principle, not literally) that produced the current failing monetary policies in place now. I've also noticed that the older generation over 50 has a hard time understanding bitcoin, much less supporting it.

Glad to see NPR doing a even-handed job on the story.

error

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Quote from: Steve on July 13, 2011, 12:41:19 AM

I'm amazed at how certain some people seem to be that bitcoin will fail.

A Columbia professor thinks Bitcoin will fail. I'm not surprised.

Reacon

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I'm speculative of Bitcoin right now, simply due to all the speculators! The speculators and bashers will cause the real consumer to back away, and what will remain is folks like those at "Silk Road".

We need Bitcoin to get some positive media coverage - but it's going to be hard in a world with governments controlling it.

Steve

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I'm amazed at how certain some people seem to be that bitcoin will fail.

Gabriel Beal

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Fezzik, tear his arms off.

That was a good podcast. I love planet money. I knew they'd give Bitcoin a fair shake. I wonder about the guy saying bitcoin wouldn't exist. The only scenario I see bitcoin not existing in is if it is supplanted by an alternate peer to peer currency. Maybe it never grows any larger than it is now, but I don't see a massive contraction.

nealmcb

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I think it was a good show, as is usually the case with the Planet Money team.

At 16:40 into the podcast they talked to Professor Ronald Mann of Columbia Law School who said that it is legal... for now, but also said:

Quote

The government could decide that bitcoin is basically being used to buy illegal stuff, like drugs or child pornography. And in that case the
government could try and shut down bitcoin on those grounds.

If you put something out on the Internet as a payment system, and you make it available to people, what you have to observe as a regulator is what are the things it is useful for. OK. And if its main attraction is it is wholly anonymous -- that's not something that ordinary consumers care about. The main people that are really excited about a wholly anonymous payment system are people that are violating the law.

He also doesn't think it will take off, and will die within a few years.

I suggest making comments on that podcast entry about the many other attractions of bitcoin, or at least voting up ones you agree with.
http://www.npr.org/blogs/money/2011/07/12/137795648/the-tuesday-podcast-bitcoin

BitcoinPorn

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Quote from: error on July 12, 2011, 11:01:12 PM

Transcript?

“Gavin Andresen: Short of some fundamental flaw found in the core Bitcoin system, it’s hard to think of another combination of events that would shake trust in the currency any more. Yet still people are still buying and selling bitcoins. It appears that it hasn’t killed bitcoin.”

“Jacob: I have to say this part of the whole Bitcoin thing for us did seem really easy. Easier than using a credit card or wiring a friend some money”.

“We called Ronald Mann, professor at Columbia law school, and he said [Bitcoin] is legal.

Ronald Mann: I see its future as a real currency as being very limited. [In five years] I think bitcoin won’t exist”.

Excerpt from http://www.bitcoinnews.com/post/7553436210/planet-money-bitcoin-podcast

error

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Transcript?

Topic: [Podcast] NPR's Planet Money - The Tuesday Podcast: Bitcoin (Read 2270 times)