Bitcoin Forum

Not sure how I feel about this (https://twitter.com/pm_adamdavidson/status/324611469973020672).  It's neat that it'll be talked about in that forum, but I'm not sure most bitcoin services are prepared for the kinds of loads that things like Colbert can bring.

What kind of services? You mean MtGox?

Bitcointalk.org, bitcoin.org, blockchain.info, bitcoincharts.com.  The exchanges too, but mostly other stuff.

My eyes glow green

"Now if you don't know what bitcoin is... wanna buy some bitcoin? eh? Are you sure?"

I think you're overestimating the impact of Bitcoin appearing on colbert.

Maybe so.

not sure how you can overstate that, show is huge

Darn it, I thought I was going to be able to be the first to post about this because I just noticed it and I was already on the site, oh well... What does everyone think will happen due to the Colbert Bump?

Blockchain.info has been down for over an hour already even before this. I think that the answer is no.

to da MOON!!!!!

Hopefully not that.  And hopefully the load on websites doesn't bring them down.  Still, I think with all the attention the project has been getting it might be time for website operators to up their bandwidth.

Could the Colbert Bump have a significant effect in a few weeks when interested viewers who may have seen it pop up in the press once or twice in the past, decide to fund an exchange account or set up an OTC? Yes.

Might people buy now in anticipation of that? Probably not. People aren't quite ready to trade on news yet, they're still trading on fear  ;D

Could the current infrastructure handle it? HELL NO. Lol. Our current services are hanging on by threads as it is. The script kids who started these websites 2 years ago when bitcoin was a fledgling hobby are way out of their league, they need huge datacenters and IT managers and multiple paid staff and scalability plans and all kinds of fancy shit that they can't even wrap their heads around at the moment.

Heck, even bitcointextmessage was down a couple days ago ;-) can't handle the SMS load, eh? This shit is pitiful.

Nothing like a good kick in the rump to get things going, though. They can't wallow in mediocrity forever or else they'll be left in the dust when the real services start opening up.

*sniff*
Proudhon, your artful mastery of the understatement brings tears to my eyes

Also,
"YA THINK?"
 ;D ;D ;D

Honestly, I don't know what they're thinking... sitting in their datacenters smoking their silk road reefer rolled in $100 fiat bills... "Hey Don ya think it's time to get some new servers?" "Nahhhh.... bitcoin's gonna crash soon... let's wait just another month." "Hey Don?" "Yeah?" "Uh, I think something just blew up..." "Oh, another DDoS.." "No, just a 10x volume spike." "FUCK. Doesn't this happen every month?"

Individually it may be large, but not in comparison to the combined media coverage lately.

Not to mention its Colbert report not CNN, half the viewers won't know how to wire money somewhere.

Why not?

Who is Adam Davidson and why he is being called?

Bitcoin sites can barely handle Bitcoin users' traffic let alone the public's.

Did you guys even watch the thing?

He totally butchered Bitcoin.  He said no one should ever buy them.

I wouldn't call it a pump.  :-\

In context he essentially said that you shouldn't buy them, unless it's with money you can afford to lose, because the exchange rate is all over the place.  I thought it was a pretty fair, albeit very short, discussion about bitcoin.  The bitcoin infrastructure is still in development and so is the protocol.  I do think the value is likely to go up, at this point, even if it does so in violent moves, but let's not forget this is still an experiment.