I think this is the first time Bitcoin has been discussed on CNBC (other than just the website).
I got to know bitcoin watching CNBC Europe in May of 2012. They commented on it very shortly though.
Topic: [VIDEO] - Bitcoin on CNBC 4:40pm EST April 1 (Read 3622 times)
I think this is the first time Bitcoin has been discussed on CNBC (other than just the website).
I got to know bitcoin watching CNBC Europe in May of 2012. They commented on it very shortly though.
That guy's "IT department" told him "Bitcoin will never work" (basically what boss wanted to hear)... then ran home and started building bitcoin mining rigs 
I like the part when the bitcoin defender say to the goldbug guy : " I ear you say that, but that does'nt make it true" 
priceless !
Hilarious! At 6:00 priceless !yes... that was awesome!
I think it was perfect with its flaws and everything. Stirring some curiosity.
This is great!
I like the part when the bitcoin defender say to the goldbug guy : " I ear you say that, but that does'nt make it true" priceless !
Hilarious! At 6:00 priceless !
I can't help but laugh at these people, can't take them seriously anymore
The guy in the middle's face at the end was priceless and exactly what I do whenever I hear people talk about Bitcoin.
The guy in the middle's face at the end was priceless and exactly what I do whenever I hear people talk about Bitcoin.
Yeah, the Pento ... well. Bad publicity is ... But he's just so wrong on the most basic bitcoin ideas. I mean, I don't consider myself a complete newbie, but when I was a newbie, I realized immediately within 5 minutes, what bitcoin is, what it isn't.
Thanks for posting the vid, I walked out of the room and missed it and hoped someone would post a thread to discuss it, even thought I knew what was gonna happen I'm still very glad to see it being discussed even if it's buy the ignorant loud mouths on tv.
How do these people manage to get on TV.
...
While I think the Expensify guy did an ok job, he could have absolutely slaughtered Pento on every single word he said.
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While I think the Expensify guy did an ok job, he could have absolutely slaughtered Pento on every single word he said.
Sometimes the guests are invited but other times they pay to be included. TV needs approximately 10,000 guests per day so it can be difficult for them to find qualified guests under the time pressures. Then each slot has different value to advertisers based on its demographics and ratings.
Obviously, with financial TV it is more lucrative so there is not really a shortage of free guests and so they can give more airtime to paid guests. But finding a paid Bitcoin expert is probably pretty difficult; I doubt MtGox is paying a PR firm a retainer.
So in this case, the Expensify CEO would be qualified as an expert and was likely invited to represent a 'pro-bitcoin' side. Pento likely pays a PR firm a retainer of $5-10k per month so he gets invited on a regular basis and was to take the 'con-bitcoin' side.
I like the part when the bitcoin defender say to the goldbug guy : " I ear you say that, but that does'nt make it true" priceless !
priceless ! 
How do these people manage to get on TV.
They could have spent 5 minutes reading the wikipedia entry for bitcoin and been more prepared. While I think the Expensify guy did an ok job, he could have absolutely slaughtered Pento on every single word he said.
As for the TV in general, my guess would be that they use this level of precision and technical accuracy on all TV they produce, it's just that when they speak about other stuff it's not so obvious.
that's Michael Pento, a rabid gold bug. he doesn't understand it and points to his IT dept as saying Bitcoin will never make it.
He probably stuffed his IT with his yes men.
Maybe we should help educate him?
@michaelpento1
@michaelpento1
YOU WANNA know what that video makes me remember?
http://www.youtube.com/watch?v=Z0YTY5TWtmU
That... filmed in 2006
http://www.youtube.com/watch?v=Z0YTY5TWtmU
That... filmed in 2006
How typical, there poor guys all talk at the same time, because they have to exponentially increase efficiency (together with their talking speed) to grow the economy in a debt driven monetary system
Erik Voorhees - youtube:
Mike Pento - this guy does not understand how easily his money form credit cards can be stolen.
'Bitcoin is protected by the laws of the universe.'
Quote
Mike Pento: "Bitcoin is not scarce and can be counterfeited." LOL Pento, please do 5 mins of research before you go on TV to discuss the future of monetary technology.
Mike Pento - this guy does not understand how easily his money form credit cards can be stolen.
'Bitcoin is protected by the laws of the universe.'
Unfortunately, it looks like Pento does not understand the first rule of not looking stupid: shut-up when you are not competent.
It is better to remain quiet and be thought a fool than to open your mouth and remove all doubt.
I like how he said the U.S. government would shut it down if it got too big.
Bitcoin is like the opera. You are going but you don't really understand it or you are hooked for life.
Or both - and with that, I am headed out of here for an opera rehearsal. For real! Ciao tutti
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