Bitcoin Forum

I'm getting the impression that Forbes doesn't like (or even remotely understand...) Bitcoin-

http://www.forbes.com/sites/steveforbes/2013/04/16/bitcoin-whatever-it-is-its-not-money/

http://www.forbes.com/sites/louiswoodhill/2013/04/11/bitcoins-are-digital-collectibles-not-real-money/

Not like we care, fiat is just as fake to us. ;D

And yet they keep publishing Jon Matonis.

One supposes they gauge what they continue to publish by how many hits and page-stays they get on conflicting articles.  If all I cared about was eyeballs, that's what I'd do.

They did publish some inspiring bitcoin gambling articles though...which brought us to open a bitcoin casino. So it isn't all negative publicity.

Doesn't forbes feel like this sometimes?

http://www.youtube.com/watch?v=5WCTn4FljUQ

+1 Lol, those were the days.

Her final comment at the end is highly poignant considering the 'problems' the internet has caused for newspapers the world over...

Actually they're not "publishing" Matonis. They just let him keep a blog on their site. Maybe for comedic value.

I have a lot of respect for Steve Forbes, but hes just clueless when it comes to Bitcoins.

As a provider of services or products, I dont even need to hold Bitcoins. I can just immediately convert them to USD or Euros if I dont like them.

But I dont have to pay a fee, or wait days for a wire transfer to clear, or deal with banks and their ridiculous policies and fake FDIC "insurance."

I hate to be the devils advocate here.   But they are correct.

Right now bitcoin isn't a currency so much as it is a commodity or investment.

Steve forbes is absolutely correct that stability is what makes a currency worth using.

It's very true right now that MOST people aren't spending bitcoins. They are trading or hoarding them. They are treating them as an investment and a way to make a profit. Not as currency you use to purchase day to day items.

Since this forum is full of so many die hard bitcoin fans and advocates I understand why some people get upset anytime someone says something that seems negative.  Me personally though, I don't think those articles were negative and I think they were accurate.

It's ok to love bitcoin and support it 100% and still admit some of the realities around bitcoin or some of the problems of bitcoin. And the reality is that as of right now (especially the last 6 months or so) bitcoin doesn't fit the model of a currency because people don't use something that changes in value so rapidly as a currency. They use it as an investment or commodity.

People need to realize that everyone has his own agenda to guard and enforce, humans are the most valuable natural commodity, a thousand fools believing your propaganda and lies is worth a lot more than a million dollars.

I have previously read both and My opinion is that they suffer from some serious flaws in logic (no fixed rate for BTC) and obvious factual errors (no one knows how bitcoins are made) its like a large news organization is simply trolling

how about this retard constantly on bloomberg? the economist guy on the far left. on everyday - total imbecile.

http://www.youtube.com/watch?v=rJm7CtkfscY

Question should be:
to what extend can you blame people for being stupid. However, they can't deny bitcoins anymore