Bitcoin Forum

Bitcoin => Press => Topic started by: kiko on February 11, 2014, 05:17:44 PM



Title: 2014-02-11 Bloomberg - The glitch that will kill bitcoin
Post by: kiko on February 11, 2014, 05:17:44 PM
http://www.bloomberg.com/news/2014-02-11/the-glitch-that-will-kill-bitcoin.html

Currently visible on the front page of bloomberg.com


Title: Re: 2014-02-11 Bloomberg - The glitch that will kill bitcoin
Post by: FeedbackLoop on February 11, 2014, 05:31:30 PM
Wow! The GOX FUD went far on this one... thanks Mark Karpeles...



Title: Re: 2014-02-11 Bloomberg - The glitch that will kill bitcoin
Post by: hilariousandco on February 11, 2014, 05:44:56 PM
The dramatic headline doesn't really match the article.


Title: Re: 2014-02-11 Bloomberg - The glitch that will kill bitcoin
Post by: Denton on February 11, 2014, 06:27:38 PM
Big lol @ the headline.  :D


Title: Re: 2014-02-11 Bloomberg - The glitch that will kill bitcoin
Post by: MoneyGod on February 11, 2014, 06:29:42 PM
Big lol @ the headline.  :D
trying to bring more down and want to have some big stock of this bitcoin for another bump  :D


Title: Re: 2014-02-11 Bloomberg - The glitch that will kill bitcoin
Post by: kneim on February 11, 2014, 06:39:19 PM
The dramatic headline doesn't really match the article.
It will not fail, because I buy all bitcoins of the world for my last Dollar. Ok, two Dollars.


Title: Re: 2014-02-11 Bloomberg - The glitch that will kill bitcoin
Post by: btcash on February 11, 2014, 06:41:02 PM
Wow, they are really stretching to try and make a big deal out of malleability...
I consider the 3 largest exchanges disabling withdrawals a big deal.

Title should be "The Glitch That Will Help Kill Bitcoin".


Title: Re: 2014-02-11 Bloomberg - The glitch that will kill bitcoin
Post by: harrymmmm on February 12, 2014, 04:18:20 AM
hmm. Otoh the 10 largest stock exchanges do that every night. :)


Title: Re: 2014-02-11 Bloomberg - The glitch that will kill bitcoin
Post by: bryant.coleman on February 12, 2014, 04:40:39 AM
Wow, they are really stretching to try and make a big deal out of malleability...
I consider the 3 largest exchanges disabling withdrawals a big deal.

Title should be "The Glitch That Will Help Kill Bitcoin".

Withdrawals are still allowed in BTC-E. And volume-wise, it is the biggest exchange.


Title: Re: 2014-02-11 Bloomberg - The glitch that will kill bitcoin
Post by: oakpacific on February 12, 2014, 05:07:43 AM
Also bit time buyers don't buy on exchanges.

And they don't usually make many withdrawals repetitively in a short time. ::)


Title: Re: 2014-02-11 Bloomberg - The glitch that will kill bitcoin
Post by: Ripdon007 on February 12, 2014, 05:17:21 AM
http://www.bloomberg.com/news/2014-02-11/the-glitch-that-will-kill-bitcoin.html

Currently visible on the front page of bloomberg.com

bloomberg is too dramatic ..


Title: Re: 2014-02-11 Bloomberg - The glitch that will kill bitcoin
Post by: giszmo on February 12, 2014, 05:54:46 AM
Title should be "The Glitch That Will Help Kill Bitcoin".
Is this a suggestion to Bloomberg? If so, they changed their title.

The URL still reads http://www.bloomberg.com/news/2014-02-11/the-glitch-that-will-kill-bitcoin.html so I assume the title at least was like the title of this thread here.


Title: Re: 2014-02-11 Bloomberg - The glitch that will kill bitcoin
Post by: minime on February 12, 2014, 07:49:39 AM
i like it,. i think this is the most important sentence... the first one.... "As the world's first, and most popular, cryptocurrency, Bitcoin has by now suffered every possible setback a payment project could encounter."
if every possible seback is now "done" there will or should be no more bad news in future... at least thats what implied in this sentence...


Title: Re: 2014-02-11 Bloomberg - The glitch that will kill bitcoin
Post by: teukon on February 12, 2014, 11:22:58 AM
Quote
Both MtGox and Andresen pointed out that bugs were inevitable in a young, experimental product. Bitcoin, however, is already more than that -- the system's market cap reached $14.4 billion at its December 2013 peak.

I'm going to have to side with Mark and Gavin on this one: Bitcoin is indeed young and experimental.  No part of the definitions of young or experimental preclude huge hype and billions of US dollars.

Quote
For outsiders, however, it looks increasingly as though Bitcoin should be viewed as an experiment...

Very good!  You're learning.  Let's review today's lesson; repeat after me:  Bitcoin is an experiment.


Title: Re: 2014-02-11 Bloomberg - The glitch that will kill bitcoin
Post by: BeataTX91 on February 14, 2014, 05:02:47 AM
"the people who invested in it during a speculative bubble are reluctant to accept losses and still able to prop up the market with their trades."

Well let's hope those people ARE able to prop up the market.


Title: Re: 2014-02-11 Bloomberg - The glitch that will kill bitcoin
Post by: patricktim on February 14, 2014, 05:16:25 AM
MtGox will resume transactions soon. ;D