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Title: And this, ladies and gentlebears, is why we like the WSJ Post by: oda.krell on March 11, 2015, 09:43:17 AM Same story. Two outlets. Two ways of spinning it: https://i.imgur.com/RHhiE2t.png https://i.imgur.com/bhJOqXp.png "a shadowy company called 21 Inc" vs. "... some of the biggest names in venture capital". CNBC is just one among many papers spinning Bitcoin news that way, NYT is probably even worse. WSJ is the exception, really. Bonus question: Which of the above two publications' reader bases do you think has the higher average net worth?* (https://i.imgur.com/K7i0Apq.png) Title: Re: And this, ladies and gentlebears, is why we like the WSJ Post by: Kipsy89 on March 11, 2015, 10:13:49 AM This is great. But it was to be expected when this hit the news the other day. I really hope that many people active at Wall Street now see the potential of Bitcoin and realize that it isn't just a nerd's game anymore, but that there are many wealthy people involved already!
Title: Re: And this, ladies and gentlebears, is why we like the WSJ Post by: michaelGedi on March 11, 2015, 10:14:47 AM very interesting... I wonder how much of this kind of spin or bias is down to a kind of herd mentality or "culture" within a certain media corporation and/or it's friends VS how much is a certain spin or perspective cultivated from the top. The simple answer is a mixture of both.. but it would be good to look at particular case studies where a nudge from the top leads to a certain prevailing view.
Bonus question: Which of the above two publications' reader bases do you think has the higher average net worth?* (https://i.imgur.com/K7i0Apq.png) WSJ! Title: Re: And this, ladies and gentlebears, is why we like the WSJ Post by: oda.krell on March 11, 2015, 10:16:45 AM @Kipsy89. I'd actually say WSJ has been on "our" side for more than a year (remember the Kashmir Hill pieces about "living on Bitcoin", from 2013?). Just thought the above is a nice illustration of it.
Title: Re: And this, ladies and gentlebears, is why we like the WSJ Post by: Kipsy89 on March 11, 2015, 10:19:26 AM @Kipsy89. I'd actually say WSJ has been on "our" side for more than a year (remember the Kashmir Hill pieces about "living on Bitcoin", from 2013?). Just thought the above is a nice illustration of it. Didn't say anything against WSJ :) I was merely speculating that a lot of people active on Wall Street (traders, investors, banks, etc.) may still be wary of Bitcoin and may now rethink their stance. Title: Re: And this, ladies and gentlebears, is why we like the WSJ Post by: Jamacn on March 11, 2015, 10:25:45 AM Quote Bonus question: Which of the above two publications' reader bases do you think has the higher average net worth?* (https://i.imgur.com/K7i0Apq.png) what is "* "? https://i.imgur.com/K7i0Apq.png Title: Re: And this, ladies and gentlebears, is why we like the WSJ Post by: michaelGedi on March 11, 2015, 10:41:24 AM @Kipsy89. I'd actually say WSJ has been on "our" side for more than a year (remember the Kashmir Hill pieces about "living on Bitcoin", from 2013?). Just thought the above is a nice illustration of it. Didn't say anything against WSJ :) I was merely speculating that a lot of people active on Wall Street (traders, investors, banks, etc.) may still be wary of Bitcoin and may now rethink their stance. talking to an ex investment analyst yesterday and he frowned when I started talking about bitcoin. Then as he understood what I was going on about with regards to "you can't kill an idea", and, "bitcoin is a technology, not just a currency", he said, "well you'd need to change the name". A rebranding is in order... whether that means excessive use of "new" re-dressed terms that denote bitcoin, like "blockchain technology", or just spinning the word bitcoin in a way that ultimately conjurs up less negative associations. The problem is that sometimes a word ends up beyond redemption, as in the case of "propaganda", which was originally just a word that was all about propagating an idea (not to brainwash, mislead etc). Title: Re: And this, ladies and gentlebears, is why we like the WSJ Post by: waterpile on March 11, 2015, 10:41:33 AM Maybe this explains the price rise we are experiencing.. I heard this news about wall street and bitcoin last week.. Now its starting to spread like a wild fire..
Title: Re: And this, ladies and gentlebears, is why we like the WSJ Post by: tarmi on March 11, 2015, 10:50:21 AM a fool and his money are soon parted.
Title: Re: And this, ladies and gentlebears, is why we like the WSJ Post by: Kipsy89 on March 11, 2015, 11:00:33 AM @Kipsy89. I'd actually say WSJ has been on "our" side for more than a year (remember the Kashmir Hill pieces about "living on Bitcoin", from 2013?). Just thought the above is a nice illustration of it. Didn't say anything against WSJ :) I was merely speculating that a lot of people active on Wall Street (traders, investors, banks, etc.) may still be wary of Bitcoin and may now rethink their stance. talking to an ex investment analyst yesterday and he frowned when I started talking about bitcoin. Then as he understood what I was going on about with regards to "you can't kill an idea", and, "bitcoin is a technology, not just a currency", he said, "well you'd need to change the name". A rebranding is in order... whether that means excessive use of "new" re-dressed terms that denote bitcoin, like "blockchain technology", or just spinning the word bitcoin in a way that ultimately conjurs up less negative associations. The problem is that sometimes a word ends up beyond redemption, as in the case of "propaganda", which was originally just a word that was all about propagating an idea (not to brainwash, mislead etc). That's highly interesting, but also something I was already assuming. The term may indeed be too nerdy, geeky, or whatever. But that may just be a perception we have these days and it could change if people around Silicon Valley indeed invest more. Title: Re: And this, ladies and gentlebears, is why we like the WSJ Post by: okthen on March 11, 2015, 11:21:33 AM Hahaha this is hilarious!
Imparcial media, whaaa? Good to have the wsj on bitcoin's side :) Title: Re: And this, ladies and gentlebears, is why we like the WSJ Post by: Kipsy89 on March 11, 2015, 11:26:42 AM Hahaha this is hilarious! Imparcial media, whaaa? Good to have the wsj on bitcoin's side :) Since when is the media really thought to be impartial? Also, they're only reporting on a very large investment and speculate on the potential future implications of Bitcoin and the blockchain technology... Title: Re: And this, ladies and gentlebears, is why we like the WSJ Post by: randy8777 on March 11, 2015, 11:29:23 AM it's just a matter of time before wallstreet will jump on bitcoin.
and if they will do it with their financial power, bitcoin might sky-rocket if it happens. Title: Re: And this, ladies and gentlebears, is why we like the WSJ Post by: michaelGedi on March 11, 2015, 11:47:09 AM That's highly interesting, but also something I was already assuming. The term may indeed be too nerdy, geeky, or whatever. But that may just be a perception we have these days and it could change if people around Silicon Valley indeed invest more. I believe that the image problem is less about it being too geeky or technically complex and more about the scams, hacks, failed exchanges and all the other negative associations with things like "the dark (evil) web" and so on. These have provided the media with sensational bitcoin stories in the past. All sorts of negative associations have been made and reinforced: use of terms like "the shadow currency", repeated assertions of it's use (or potential use) for money laundering... the lack of regulation (absence of a benevolent overseer) etcetc. Now that the money men are coming around - as they realise that progressive technology can make them more money, not wanting to miss the boat, being somewhat led by the geeks in silicon valley who they no doubt have some respect for - it's not about the technological barrier, it's about this image/PR problem. When bitcoin or bitcoin tech is making seamless solutions for all sorts of things, the tech can stay in the background, no one needs to really know about all that. What might also be required if these negative associations aren't gradually shaken out is that the name bitcoin stays in the background too. Unfortunately once an association is implanted in the brain, it takes quite a bit of effort to change or correct it. Average Jane might see "bitcoin" and the first thing she thinks of is "shadow currency", "dread pirate roberts", "dark web" (and thus, child porn or organised crime) - once this has happened a bunch of times, her brain is wired to have that automatic response. Now you'd have to sit her down and carefully explain a new set of associations in order for her to see bitcoin in a new light. But then she'd also have to acknowledge that as truth and also consciously make some effort to think about these new associations a bunch of times before they become an automatic response and bitcoin becomes a "safe" word. EDIT: I'm sure we all know this intuitively anyway, but it's something that shouldn't be ignored or hoped away. Either a dedicated PR campaign (as WSJ is basically doing), or a rebranding/repackaging. Title: Re: And this, ladies and gentlebears, is why we like the WSJ Post by: Q7 on March 11, 2015, 11:55:51 AM Well, it all depends on which version of the story sounds more logical or rather more interesting. Both of them probably heard it from somewhere and spin it to come up with a version of their own. Either way, one of them wrote the original story and the other just spin the article to become its own unique version.
Title: Re: And this, ladies and gentlebears, is why we like the WSJ Post by: mmortal03 on March 11, 2015, 12:03:46 PM Yeah, I thought the "shadowy" term was ridiculous. Their CEO went to Stanford and was a public face for his past startup. Sure, a number of the VCs weren't public, but that's not uncommon. But since it's Bitcoin, they've gotta throw the "shadowy" terminology in there.
Title: Re: And this, ladies and gentlebears, is why we like the WSJ Post by: Kipsy89 on March 11, 2015, 12:51:19 PM That's highly interesting, but also something I was already assuming. The term may indeed be too nerdy, geeky, or whatever. But that may just be a perception we have these days and it could change if people around Silicon Valley indeed invest more. Wouldn't that be the task for the Bitcoin Foundation to do? :D I mean they should really focus on what's important, rather than do... well, what are they doing, anyway? Every time I hear the name, is when someone gets thrown out for scamming someone, it seems! Title: Re: And this, ladies and gentlebears, is why we like the WSJ Post by: HarmonLi on March 11, 2015, 01:06:25 PM It's a very good sign, no question! But I also don't really know how much time Bitcoin needs to free itself from the taint of a dark-web currency and currency used for illegal trades.
Title: Re: And this, ladies and gentlebears, is why we like the WSJ Post by: oda.krell on March 11, 2015, 01:07:23 PM Quote Bonus question: Which of the above two publications' reader bases do you think has the higher average net worth?* (https://i.imgur.com/K7i0Apq.png) what is "* "? https://i.imgur.com/K7i0Apq.png That's an answer to the question I raised myself in the same line :D Title: Re: And this, ladies and gentlebears, is why we like the WSJ Post by: brg444 on March 11, 2015, 01:24:32 PM @Kipsy89. I'd actually say WSJ has been on "our" side for more than a year (remember the Kashmir Hill pieces about "living on Bitcoin", from 2013?). Just thought the above is a nice illustration of it. Hill was at Forbes Title: Re: And this, ladies and gentlebears, is why we like the WSJ Post by: oda.krell on March 11, 2015, 01:31:18 PM @Kipsy89. I'd actually say WSJ has been on "our" side for more than a year (remember the Kashmir Hill pieces about "living on Bitcoin", from 2013?). Just thought the above is a nice illustration of it. Hill was at Forbes Jup. You're right. Mixed them up, I guess. Title: Re: And this, ladies and gentlebears, is why we like the WSJ Post by: michaelGedi on March 11, 2015, 01:59:16 PM Wouldn't that be the task for the Bitcoin Foundation to do? :D I mean they should really focus on what's important, rather than do... well, what are they doing, anyway? Every time I hear the name, is when someone gets thrown out for scamming someone, it seems! yeah maybe, but from my limited understanding The Bitcoin Foundation needs a PR campaign of it's own :-\. The more natural it seems, and the more decentralised it is the better :) even if there are some spin doctors behind the scenes pulling the strings. ... A rebranding is in order ... or just spinning the word bitcoin in a way that ultimately conjurs up less negative associations. ... Two-Bit Coin? http://s8.postimg.org/lbhkjc9r9/Capture.jpg :D :D :D Title: Re: And this, ladies and gentlebears, is why we like the WSJ Post by: HeliKopterBen on March 11, 2015, 02:29:09 PM The negative image portrayed by the MSM is completely fake. The agenda has been pushed so hard that some of you guys actually believe the hype. For instance, fiat is used much more prevalently for things like terrorism, child pornography and drugs. Does fiat get a bad rap?
The legacy financial system is wrought with exchange and bank failure. The only difference is those legacy institutions are bailed out, while bitcoin exchange failures are gotten rid of, the former working to weaken the system and the latter working to strengthen it. In fact over 9000 banks failed in the US during the great depression. 465 banks failed in the US from 2008 to 2012, and that is WITH bailouts! Is the dollar considered a shadowy currency in need of rebranding? The point is, bitcoin's negative image has been completely manufactured by the MSM. Compared to fiat, bitcoin is a godsend. The early internet was portrayed in the same light, so this should have been expected. Just as the internet overcame it's early skepticism without a rebranding, bitcoin will to. Title: Re: And this, ladies and gentlebears, is why we like the WSJ Post by: D05GTO on March 11, 2015, 03:24:11 PM ^^^ Sounds like you had way to much already. Put down the crackpipe and step away.
Title: Re: And this, ladies and gentlebears, is why we like the WSJ Post by: ThatDGuy on March 11, 2015, 03:32:12 PM Same story. Two outlets. Two ways of spinning it: https://i.imgur.com/RHhiE2t.png https://i.imgur.com/bhJOqXp.png "a shadowy company called 21 Inc" vs. "... some of the biggest names in venture capital". CNBC is just one among many papers spinning Bitcoin news that way, NYT is probably even worse. WSJ is the exception, really. Great juxtaposition here, I'd much rather have WSJ on our side! Curious to see what these two will look like side-by-side one year from now... Title: Re: And this, ladies and gentlebears, is why we like the WSJ Post by: oda.krell on March 11, 2015, 10:00:42 PM Well, it all depends on which version of the story sounds more logical or rather more interesting. Both of them probably heard it from somewhere and spin it to come up with a version of their own. Either way, one of them wrote the original story and the other just spin the article to become its own unique version. As far as I know, the story is originally by WSJ. At least CNBC is referencing it that way, "the Wall Street Journal reported...". Which makes it even more pathetic in my opinion: taking over a story from somebody else, then put your own spin to it to make it fit your newspaper's narrative on the topic. I know, I know, that's how mass media works. Still, kind of amusing when it happens in such an obvious way. Title: Re: And this, ladies and gentlebears, is why we like the WSJ Post by: kingama on March 11, 2015, 11:39:02 PM This is a great example but the WSJ can do a hit piece too if they get a wild hair. CNBC has had positive articles. Point is, I wouldn't go buying WSJcoin just yet.
Title: Re: And this, ladies and gentlebears, is why we like the WSJ Post by: knight22 on March 12, 2015, 12:28:17 AM Interesting. So basically Wall Street sees the opportunities behind bitcoin before the pleb. It shouldn't be so surprising after all.
Title: Re: And this, ladies and gentlebears, is why we like the WSJ Post by: yefi on March 12, 2015, 12:55:08 AM That's highly interesting, but also something I was already assuming. The term may indeed be too nerdy, geeky, or whatever. But that may just be a perception we have these days and it could change if people around Silicon Valley indeed invest more. I've always thought it was just a darn goofy sounding name. Whenever I vocalise it, I cringe a little inside. My tongue reaches places in my mouth where I feel it isn't welcome. It also sounds something like the currency Flanimals would use. Title: Re: And this, ladies and gentlebears, is why we like the WSJ Post by: 600watt on March 12, 2015, 09:54:47 AM https://www.wallstreet-online.de/nachricht/7447259-digitale-waehrung-bitcoin-griechenlands-letzte-rettung
german wsj headlines that bitcoin is last chance for greece. we´ve come a long way.... Title: Re: And this, ladies and gentlebears, is why we like the WSJ Post by: oda.krell on March 12, 2015, 10:21:54 AM Interesting. So basically Wall Street sees the opportunities behind bitcoin before the pleb. It shouldn't be so surprising after all. Not sure if I would equate WSJ and Wall Street. I think the journal (roughly) represents interests of a group ranging from the higher end of the upper middle class, to households in the top 10% of annual income. So, merely "the affluent", not so much "the filthy rich". In a way, I think that's even better :) Title: Re: And this, ladies and gentlebears, is why we like the WSJ Post by: drbrock on March 12, 2015, 06:00:40 PM The negative image portrayed by the MSM is completely fake. The agenda has been pushed so hard that some of you guys actually believe the hype. For instance, fiat is used much more prevalently for things like terrorism, child pornography and drugs. Does fiat get a bad rap? The legacy financial system is wrought with exchange and bank failure. The only difference is those legacy institutions are bailed out, while bitcoin exchange failures are gotten rid of, the former working to weaken the system and the latter working to strengthen it. In fact over 9000 banks failed in the US during the great depression. 465 banks failed in the US from 2008 to 2012, and that is WITH bailouts! Is the dollar considered a shadowy currency in need of rebranding? The point is, bitcoin's negative image has been completely manufactured by the MSM. Compared to fiat, bitcoin is a godsend. The early internet was portrayed in the same light, so this should have been expected. Just as the internet overcame it's early skepticism without a rebranding, bitcoin will to. Yes THIS Exactly^^^ I would post a picture of some choking victim/leftover crack album covers (Fuck World Trade) but I will refrain for now. Leave that to the mammoth speculation thread ;) Title: Re: And this, ladies and gentlebears, is why we like the WSJ Post by: EternalWingsofGod on March 12, 2015, 06:03:20 PM Ah this reminds me of the Rap News Series
We have MSNBC Cough pushing its propoganda spin while delivering the news and honest sources left alone Just goes to show the quality management they have over there just image Fox. https://www.youtube.com/user/thejuicemedia I do wish that people would paint more targets like this to illustrate media bias Would keep them on guard to not Bullshit ;D Title: Re: And this, ladies and gentlebears, is why we like the WSJ Post by: drbrock on March 12, 2015, 06:03:59 PM The negative image portrayed by the MSM is completely fake. The agenda has been pushed so hard that some of you guys actually believe the hype. For instance, fiat is used much more prevalently for things like terrorism, child pornography and drugs. Does fiat get a bad rap? ... If I'm following your logic: 1. Booting shit crank & bath salts kills people 2. Natural causes kill more people. Question: Why don't natural causes get a bad wrap? Answer: No idea, mind if I use your rig & cooker when you're done? Answer: Probably because Natural causes are just that!!! NATURAL dumbass, so who you gonna blame??? Title: Re: And this, ladies and gentlebears, is why we like the WSJ Post by: drbrock on March 12, 2015, 06:08:57 PM ^^^ Sounds like you had way to much already. Put down the crackpipe and step away. I use BTC to buy drugs, like everyone else. If not for drugs my bitcoin would be useless. Because not interested in child pornography or supporting terrorists :( *crank != crack. Lrn 2 difference. So you don't pay taxes with fiat? If not good for you but Im guessing your sitting in some "western" "civilized" country paying your taxes with FIAT and so your ARE funding terrorism wether it be ISRAHELL, ISIS (yes USA/EU funds ISIS), countless barbarous dictatorships (The Gulf States/Egypt military/Ukraine Nazi Gov)... honestly the list seems endless. So you may not be interested in funding terrorism but you are with FIAT taxes. Just saying ;) Title: Re: And this, ladies and gentlebears, is why we like the WSJ Post by: oblivi on March 12, 2015, 06:25:38 PM Nice catch. It shows who is a bitch towards the status quo and who isn't and has critical thought and objectiveness on their news.
Title: Re: And this, ladies and gentlebears, is why we like the WSJ Post by: r0ach on March 12, 2015, 06:32:56 PM I will have you know that our loyal readers of MSNBC, who are all well educated in feminist grievance studies, find your post reprehensible, sexist, and racist.
Title: Re: And this, ladies and gentlebears, is why we like the WSJ Post by: ChuckBuck on March 12, 2015, 06:53:56 PM I'm very bullish on the Wall Street Journal, they actually put Bitcoin on the front page of their print newspaper!!!
https://www.cryptocoinsnews.com/wp-content/uploads/2015/03/WSJ-Kiosko.net_.png CNBC TV is on all the time at my office, and whenever they have one of their correspondants speak about Bitcoin, I feel myself getting dumber and dumber... Title: Re: And this, ladies and gentlebears, is why we like the WSJ Post by: michaelGedi on March 12, 2015, 10:26:45 PM Here we go: http://www.telegraph.co.uk/technology/news/11467184/T-Mobile-offers-20pc-bonus-for-Bitcoin-customers.html
Easy to understand, example of everyday money saving use, pretty lady at the top of the page doing her thing... this is good PR in action :D Title: Re: And this, ladies and gentlebears, is why we like the WSJ Post by: pereira4 on March 12, 2015, 11:16:51 PM I'm very bullish on the Wall Street Journal, they actually put Bitcoin on the front page of their print newspaper!!! Nice, the rest should learn and get with the times, and hire some people that aren't brain dead about how BTC works.https://www.cryptocoinsnews.com/wp-content/uploads/2015/03/WSJ-Kiosko.net_.png CNBC TV is on all the time at my office, and whenever they have one of their correspondants speak about Bitcoin, I feel myself getting dumber and dumber... |
