Bitcoin Forum

Saw this in BusinessWeek so thought id post it.

Apologies if its been up before. It's about Pitbull the rapper and his businesses. This bit is about him discussing if there is an opportunity in bitcoin. It is indicative that bitcoin is filtering down but also highlights the hurdles btc faces in overcoming the entrenched societal beliefs in regards to gold, banking.

http://www.businessweek.com/articles/2014-07-17/pitbull-rappers-empire-grows-as-companies-woo-latino-consumers#p1

After discussing a few of Pitbull’s investments—a restaurant chain called Miami Subs Grill that’s undergoing storefront renovations and a water filtration system called EcoloBlue that Pitbull believes will be a “game changer”—the rapper moves down to “Meetings” and says, “Let’s do Bitcoin.”

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Zigel slides over a stack of articles about Bitcoin and mentions a possible sitdown with Merlin Kauffman, who runs a $7.5 million Bitcoin investment fund focused on the hardware that runs the currency. Pitbull flips through the pages quickly, not displaying much interest. In public, Pitbull is rarely seen without an enormous pair of aviator-style sunglasses, but he’s left them off for this meeting. His exposed eyes are ocean-colored, surrounded by little-girl lashes. Freckles dot his nose. There’s a Twitter (TWTR) joke that compares a picture of Pitbull to Lord Voldemort, and while uncharitable, there’s something to it, with that crowded, leonine smile and menacing cannonball-like head.
 
“I still want to know, what exactly is Bitcoin?” Pitbull says. “How real is it? Is it going to be adopted and be disruptive?”
 
“The people who are going to adopt it are young,” Zigel replies. “If it’s something they decide they want to do, it’s going to be a force to be reckoned with.”
 
“What makes this real money?”
 
Zigel, looking unsure, glances quickly at the articles Pitbull has shoved back toward him. “It’s very speculative right now,” he says. “There’s nothing that’s holding it together.”
 
Pitbull is dubious. “No gold, no nothing?”
 
“No banks behind it, no.”
 
“Are they having problems with the streets?”
 

Cryptographic supercomputing network strength,

Lol. Pitbul seems to me like the type of guy that just throws his money into things without doing much of his own research as long as some investor type can pursuade him otherwise. I think this probably happens with a lot of the celebrity investors who just have business managers who point them in the right direction.

Im suprised myself wat a some people can achieve with apparent persistent persuasiveness

I find this to be true.
Unless you do your research on something, you shouldn't be throwing money at it.
Even if you're a millionaire.

“Are they having problems with the streets?”

What the hell does that mean?  ???

The next line in the article wasn't sure, either Wall St or St as in with the gen public.

Who cares where hes throwing his money at if he doesnt even take 5 mins to understand the subject....

Oh damn, i hate that guy's songs so much i just cant be objective about him. Every freaking song goes like: "Reporting live from inserttownname..." blah blah blah and that wrrrrrrrrrrr or whatever....damn...i have no idea who is pushing that guy all over the networks but he is geting way too much attention compared to work he's going (singing).

Me too, though I'm in favour of anyone in the public eye getting involved with btc.

I completely agree, I personally need to know all the ins and outs, the ups and downs of whatever I'm investing in, even if I'm investing $10 or $10,000.
I need to fully understand what is going on before I would make any decisions. I wouldnt mind having someone say "Hey, you should check out this opportunity."
Everyone should research, research, research before doing ANY investment.

I am not really into his type of music but as with Ashton Kutchner and any other moronic celebrity it is good to have them on our side because their fans generally pay attention to them and emulate them. If a few of his fans become bit coiners because of him I will take it. 

True.
Celebrities bring more media attention to BTC.
But I just feel like BTC isn't ready for the masses yet.

Pitbull has pretty  good business managers I am assuming.   He is in just the right amount of commercials and sponsorships without him becoming oversaturated in the market.   He is one of the artists who have actually continued to succeed as things have evolved in the music industry.