Topic: Washington Post: 'R.I.P. Bitcoin. It’s time to move on' - page 3. (Read 5611 times)
Its 2016 now folks, after all what happen and going to happen i don't understand why there is still people/person exist who always say bitcoin is dying/died. If they dont believe in bitcoin then get out of btc world as simple as that and not creating drama.
Human nature is just naturally pessimistic. You will get more views writing about the 'failure' of bitcoin than its small successes.
A lot of money behind this kind of "news", I'm pretty sure about it. 
And we need to be smart enough to know which one is the news and which one is the "news" 
News these days can't be neutral
They must talk something different except war..and terrorism..
Bitcoin is just there like The Usual Suspect!
Bitcoin is just there like The Usual Suspect!
The crowing I have heard about Hearn's article and the subsequent obituaries for BTC have been entirely from two groups of people:
1. Hard Statists (i.e., "moderates", "centrists", or self-identifying leftists) who disapprove of the concept of a stateless currency.
They think: If citizens' assets aren't subject to whims of the ruling class, then what's point of letting the people have money to begin with?
They are OK with extremes of inequality, as long as they get to decide who gets more mazuma than others.
They can be identified by their derision of bitcoin as a refuge for anarchocapitalist dreamers, tax cheats, and criminals.
2. Soft Statists who may oppose a particular regulation in practice (it hurts business), but not regulation and state control in theory.
The soft statists usually have a stake in the banking or financial services industry.
The regulatory apparatus is important to them because it makes possible bailouts/too big to fail, and economic moats that reduce competitive and innovation threats
This group can be identified by their dismissal of bitcoin as impractical, not backed by the "full faith and credit" of a government, a techie otaku that doesn't make room or money for the
"right people" such as Jamie Dimon (Harvard Business School, Goldman Sachs, JPMorganChase).
1. Hard Statists (i.e., "moderates", "centrists", or self-identifying leftists) who disapprove of the concept of a stateless currency.
They think: If citizens' assets aren't subject to whims of the ruling class, then what's point of letting the people have money to begin with?
They are OK with extremes of inequality, as long as they get to decide who gets more mazuma than others.
They can be identified by their derision of bitcoin as a refuge for anarchocapitalist dreamers, tax cheats, and criminals.
2. Soft Statists who may oppose a particular regulation in practice (it hurts business), but not regulation and state control in theory.
The soft statists usually have a stake in the banking or financial services industry.
The regulatory apparatus is important to them because it makes possible bailouts/too big to fail, and economic moats that reduce competitive and innovation threats
This group can be identified by their dismissal of bitcoin as impractical, not backed by the "full faith and credit" of a government, a techie otaku that doesn't make room or money for the
"right people" such as Jamie Dimon (Harvard Business School, Goldman Sachs, JPMorganChase).
A lot of money behind this kind of "news", I'm pretty sure about it.
Looks like the mainstream establishment media has gone into full-spin anti-bitcoin mode! Would love to hear your comments on this article published just 2 hours ago!
"Not long ago, venture capitalists were talking about how Bitcoin was going to transform the global currency system and render governments powerless to police monetary transactions. Now the cryptocurrency is fighting for survival. The reality came to light on Jan. 14, when its influential developer, Mike Hearn, declared Bitcoin a failure and disclosed that he had sold all of his Bitcoins. The price of Bitcoin fell 10 percent in a single day on the news, a sad result for those who are losing money on it.
Bitcoin did have great potential, but it is damaged beyond repair. A replacement is badly needed.
Most currency and transaction systems today are opaque, inefficient, and expensive. Take the North American Stock Exchange, the NASDAQ, as an example. It is amongst the most technologically advanced in the world. Yet if I buy or sell a share of Facebook on the NASDAQ, I have to wait several days for the trade to finalize and clear. This is unacceptable; it should take milliseconds.
In Venezuela, citizens wishing to buy anything of value on supermarket shelves wait all day in lines to do so, because hyperinflation causes the paper currencies in their pockets to lose significant value every day. When migrant workers there send money back to their families in places such as Mexico, India, and Africa, they are gouged by money-transfer companies—paying as much as 5–12 percent in fees. And even in the United States, payment processors and credit-card companies collect merchant fees of 1–2.5 percent of the value of every transaction. This is a burden on the economy.
Bitcoin was born with serious flaws. It was unregulated and provided anonymity, so it rapidly became a haven for drug dealers and anarchists. Its price fluctuated wildly, allowing for crazy speculation. And, with the majority of Bitcoin being owned by the small group that started promoting it, it has been compared to a Ponzi scheme. Exchanges built on top of it also had severe security vulnerabilities. And then there were the venture capitalists who got carried away. Several of them purchased considerable coinage and then began to hype it as a powerful disruption that could underpin all manner of financial innovation, from mobile banking to borderless, instant money transfers. They also poured millions of dollars into Bitcoin start-ups hoping to reap even greater fortunes.
But Bitcoin was not ready for primetime. Hearn’s criticism has laid bare the nightmarish reality—a list of negatives that is both long and frightening."
Full Story: https://www.washingtonpost.com/news/innovations/wp/2016/01/19/r-i-p-bitcoin-its-time-to-move-on/
~~
I think we need to start taking this media coverage seriously and start demanding that core clean up its act.
"Not long ago, venture capitalists were talking about how Bitcoin was going to transform the global currency system and render governments powerless to police monetary transactions. Now the cryptocurrency is fighting for survival. The reality came to light on Jan. 14, when its influential developer, Mike Hearn, declared Bitcoin a failure and disclosed that he had sold all of his Bitcoins. The price of Bitcoin fell 10 percent in a single day on the news, a sad result for those who are losing money on it.
Bitcoin did have great potential, but it is damaged beyond repair. A replacement is badly needed.
Most currency and transaction systems today are opaque, inefficient, and expensive. Take the North American Stock Exchange, the NASDAQ, as an example. It is amongst the most technologically advanced in the world. Yet if I buy or sell a share of Facebook on the NASDAQ, I have to wait several days for the trade to finalize and clear. This is unacceptable; it should take milliseconds.
In Venezuela, citizens wishing to buy anything of value on supermarket shelves wait all day in lines to do so, because hyperinflation causes the paper currencies in their pockets to lose significant value every day. When migrant workers there send money back to their families in places such as Mexico, India, and Africa, they are gouged by money-transfer companies—paying as much as 5–12 percent in fees. And even in the United States, payment processors and credit-card companies collect merchant fees of 1–2.5 percent of the value of every transaction. This is a burden on the economy.
Bitcoin was born with serious flaws. It was unregulated and provided anonymity, so it rapidly became a haven for drug dealers and anarchists. Its price fluctuated wildly, allowing for crazy speculation. And, with the majority of Bitcoin being owned by the small group that started promoting it, it has been compared to a Ponzi scheme. Exchanges built on top of it also had severe security vulnerabilities. And then there were the venture capitalists who got carried away. Several of them purchased considerable coinage and then began to hype it as a powerful disruption that could underpin all manner of financial innovation, from mobile banking to borderless, instant money transfers. They also poured millions of dollars into Bitcoin start-ups hoping to reap even greater fortunes.
But Bitcoin was not ready for primetime. Hearn’s criticism has laid bare the nightmarish reality—a list of negatives that is both long and frightening."
Full Story: https://www.washingtonpost.com/news/innovations/wp/2016/01/19/r-i-p-bitcoin-its-time-to-move-on/
~~
I think we need to start taking this media coverage seriously and start demanding that core clean up its act.
While employed at Credit Suisse First Boston, the banking firm invested over $150 million dollars on a project Vivek Wadhwa was working on.
It is not the first and for sure it will be not the last. It is sad to see the background and the data of the writer when read what write and what language use for the followers of the bitcoin with a tweet. This kind of people (protecting and put them themselves at the top of the world using big terms like "distinguished" or "Harvard") think and believe for true that have right to tell to everyone what is right and what is wrong or what to do and what to not do. And if someone dare to not follow this Big One think again that has the right to insult him or to disdain it. This language (which only intellectual cannot be classified) become from someone who show clearly that from bitcoin know only the name and this only after the "speach" of Mike Hearn. Make sorrow...
Discredit to buy, large investors, they always use the same moves ..
and if they want to buy bitcoin also big investors .... something interesting is a bitcoin..
It keeps happening. I wonder what the tomorrow's news going to be.
Discredit to buy, large investors, they always use the same moves ..
and if they want to buy bitcoin also big investors .... something interesting is a bitcoin..
Say what this just non-sense if bitcoin was dead I doubt that price is still fine.
So this is just a troll bitcoin can't just disappear like that I mean how can all those money disappear.
So this is just a troll bitcoin can't just disappear like that I mean how can all those money disappear.
These are just mere attacks on Bitcoin by the mainstream media. As I write this post, the price of bitcoins is at $413.22. So what does this tell you. Bit oinks is here to stay and as long as it will continue to grow strong, it will always be under attack.
Bitcoin is stabilising and maturing. It's now hit puberty, so you can expect some extreme behaviour. Just carry on with Bitcoin as your friend, and keep it off drugs, and it will soon become a good productive worker. 
Bitcoin is not even close to being dead. Have you seen the price. It has risen quite a bit.
the price can be manipulated easily by big farm, because they need to have their profit but anyway...
i'm not interesting in their bullshit anymore, why we should care about what they think about bitcoin, if everything they say is putting bad light on it, and they also don't care at all about bitcoin itself
I think most of this is some bs
I don't really pay attention to the mainstream news about bitcoin
It's always negative and never any good.
I don't really pay attention to the mainstream news about bitcoin
It's always negative and never any good.
I would correct what you said with:i don't really pay attention to news in general, all the biggest media are puppets of politics
I think most of this is some bs
I don't really pay attention to the mainstream news about bitcoin
It's always negative and never any good.
I don't really pay attention to the mainstream news about bitcoin
It's always negative and never any good.
Bitcoin is not even close to being dead. Have you seen the price. It has risen quite a bit.
Yeah I think this is because of the Chinese bank news from yesterday. It will stay probably above $400 for now.
Bitcoin is not even close to being dead. Have you seen the price. It has risen quite a bit.
Full Story: https://www.washingtonpost.com/news/innovations/wp/2016/01/19/r-i-p-bitcoin-its-time-to-move-on/
~~
I think we need to start taking this media coverage seriously and start demanding that core clean up its act.
~~
I think we need to start taking this media coverage seriously and start demanding that core clean up its act.
While employed at Credit Suisse First Boston, the banking firm invested over $150 million dollars on a project Vivek Wadhwa was working on.
I am afraid that it can be a sponsored article to make people feeling that the time has come to sell all of the bitcoins, bitcoin will continue there are many other developers maybe better than Mike
I here want to comment on the title of this post the "RIP Bitcoin".
If I may believe the title is true as well. Evidenced by the current lag bitcoin prices plummeted and there was no increase at all. If the left and did not overcome my fear that someday that bitcoin has no value if it has decreased continuously. If it can overcome the death of bitcoin bitcoin will not occur and would develop. Hopefully next month bitcoin will be increased and will continue to meningat that bitcoin is not dead. Many people who support terutapa bitcoin users, it would be a pity if bitcoin replaced.
If I may believe the title is true as well. Evidenced by the current lag bitcoin prices plummeted and there was no increase at all. If the left and did not overcome my fear that someday that bitcoin has no value if it has decreased continuously. If it can overcome the death of bitcoin bitcoin will not occur and would develop. Hopefully next month bitcoin will be increased and will continue to meningat that bitcoin is not dead. Many people who support terutapa bitcoin users, it would be a pity if bitcoin replaced.
Evidenced by the current lag bitcoin prices plummeted and there decreased continuously. continue to meningat that bitcoin is not dead. Many.
Thanks.
But I think bitcoin will not die, and hopefully the bitcoin address this issue seriously
I here want to comment on the title of this post the "RIP Bitcoin".
If I may believe the title is true as well. Evidenced by the current lag bitcoin prices plummeted and there was no increase at all. If the left and did not overcome my fear that someday that bitcoin has no value if it has decreased continuously. If it can overcome the death of bitcoin bitcoin will not occur and would develop. Hopefully next month bitcoin will be increased and will continue to meningat that bitcoin is not dead. Many people who support terutapa bitcoin users, it would be a pity if bitcoin replaced.
If I may believe the title is true as well. Evidenced by the current lag bitcoin prices plummeted and there was no increase at all. If the left and did not overcome my fear that someday that bitcoin has no value if it has decreased continuously. If it can overcome the death of bitcoin bitcoin will not occur and would develop. Hopefully next month bitcoin will be increased and will continue to meningat that bitcoin is not dead. Many people who support terutapa bitcoin users, it would be a pity if bitcoin replaced.
Evidenced by the current lag bitcoin prices plummeted and there decreased continuously. continue to meningat that bitcoin is not dead. Many.
Thanks.
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