Bitcoin Forum

http://www.marketwatch.com/story/bitcoin-is-the-latest-alternate-currency-to-crash-2011-10-21?link=MW_latest_news

I'm not sure whether this is good or bad.  John C. Dvorak is notoriously bad at making tech predictions.  He has a very US centric point of view in this article and fails to discuss bitcoin's decentralized architecture (and how that makes it unique among previously failed attempts at digital currencies).  I my opinion, the question of whether we'll all be using trans national digital currencies is a matter of when, not if.  It may or may not be bitcoin, but it's here to stay in one form or another.

It read something like this to me

"Yada yada yada, taxes, yada, Beenz, yada, Flooz, yada, Bitcoin market crash, yada, government won't let anything like this succeed, taxes"

Kinda seemed like an opinion article written while he was on the toilet. Very short and lacked any substance.

Hehehehe he has absolutely no idea why Bitcoin is different, and thus I'm not surprised by his analysis.  I'd be equally as skeptical of Bitcoin of it were just another Beenz.

The article even admitted he didn't know how Bitcoin worked... he's making guesses purely based on the recent price fall. This is a silly as guessing that Bitcoin will skyrocket purely based on a price increase.  Maybe he should accept Roger's $10,000 bet?

+1

Indeed -- many commentators totally miss the point. A bitcoin is NOT just an entry in a central database somewhere, like with Beenz, etc.
A Bitcoin can't be counterfeited because it's near-impossible to do so.  Unless you're a government, and anything is possible for them...

+50% in 2 days

bitcoin is crashing

http://www.myfacewhen.com/images/332.jpg

He just compared Bitcoin to ridiculous, centralized virtual currencies that had no redeeming qualities, except that they had "cool" names like "Flooz" and "Beenz."  Bitcoin is a game changer, the implications of which even intelligent individuals like John Dvorak cannot comprehend because they're set in their old ways.

I think this analysis by Dvorak could equal his thoughts on the mouse.

http://en.wikipedia.org/wiki/John_C._Dvorak (http://en.wikipedia.org/wiki/John_C._Dvorak)

This article by Dvorak seems to only point towards great things for Bitcoin.

He was wrong about the keyboard and he's wrong about this!

This screwball "internet" scheme is just a way to get around buying postage stamps from the government. It will never work.

But he's probably right about this I'm afraid...

what is wrong about the dvorak keyboard? we only use qwerty because (global) change is difficult, not because it's a better system.

bitcoin might fail for the same reasons as dvorak keyboard failed... because existing, inferior systems are too entrenched.

He seems to think that Bitcoin was conceived as a tax avoidance vehicle.

We don't design economic activity with the primary objective to make it easy for government to collect tax. We design it to maximize productivity and profit. The tax collector finds a way to tax afterwards.

Also I don't see anything in the article to suggest that the author has an in depth understanding of money or of Bitcoin. Not sure why anyone would be listening to this guy's uninformed opinions.

The end-user does not need to understand every single detail. All he needs is: the software to show his balance, a button to send coins to someone's address, the advantages of Bitcoins explained to him (limited supply, assets cannot be frozen, Bitcoin cannot be shut down, no central authority), and how to secure his coins (keep wallet.dat and the computer safe).

Old guy on Jekyll Island: This might not work, you know most people aren't going to understand.
Another old guy: I don't think that's going to be a problem.

Nice...

"There is no subtler, no surer means of overturning the existing basis of society than to debauch the currency. The process engages all the hidden forces of economic law on the side of destruction, and does it in a manner which not one man in a million is able to diagnose."

This time is different.

Karma is a bitch.

Go ahead, great one, tell us what is so "different" about it, besides have significantly less sycophants than gold or liberty dollars

You're just saying that because it takes two hands to type your username on a dvorak keyboard...

I knew I had you ignored for a reason.

You can not transfer gold over the internet (gold receipts are not gold).

Liberty Dollars were centralized. When Liberty Services was raided, Liberty Dollars became irredeemable and worthless.

Wrong Dvorak :)

http://en.wikipedia.org/wiki/Dvorak_Simplified_Keyboard

Dvorak is a loud smart idiot.  He knows how to get attention without having to pay too much attention to the details, which isn't always bad, some people should have that type of view in life, that general sweep of things rather than looking in depth.  As long as you know this about him, he is entertaining.

Dvorak has always been a screaming idiot incapable of thinking through any process that is more complex than a switch to turn on the computer.  If it requires more brain power than the switch, he's all thumbs and hates the idea.  If you've never listened to him on a podcast, you should... one or two podcasts and it's clear how technophobic and mentally (also physically) ancient he is. 

The thing is, I've been reading his columns since the early 90's (or was it late 80's?) in various magazines and he's always been kind of dumb, but his blanket stupidity has just accelerated at an incredible rate in the past decade.  The only reason he has a platform and voice now a days is because of pure inertia and friend networking.  If he were starting out today, there's no way he could gain any sort of foothold in the public space; he's just too stupid, behind the times and unable to grasp simple modern concepts in technology.

Dvorak should be considered a contrary indicator of the success or failure of technology.
The mouse as has been noted above.
But worse than the mouse was his prescription for Apple regarding the iPhone: http://www.marketwatch.com/story/apple-should-pull-the-plug-on-the-iphone

Love the indignant chuckles. I'm waiting for the bitcoin jokes now.

How many bitcoins does it take to by a pack of smokes?
You'll have to ask your jail guard!
Bwahahaha *snort*

damn I wish I poo poo'd Bitcoins, talk about a solution to the debt crisis!

Har harr

Dvorak: "What's the official currency of Halloween?"
Bitcoin, because it's already dead!

True. And this is why Bitcoin will outlast any of the alternative block chains that are springing up. The dvorak keyboard may be a better layout, but it's only slightly better and it will not gain traction.

For more on this, see "If Dvorak keyboards are so great, why isn’t everyone using them? (http://quezi.com/3690)". Incidentally, it's not the same Mr. Dvorak.

Wouldn't be the first time for John C Dvorak.