Bitcoin Forum

I want to bring this video to the attention of the community; http://www.businessweek.com/videos/2014-07-10/what-skype-can-teach-bitcoin.

This is just another example of a bitcoin interview on the mainstream news.

Every time one of these interviews comes up you can tell the interviewers never even looked at the bitcoin wiki, they almost always touch upon a few of the bitcoin myths listed there (https://en.bitcoin.it/wiki/Myths).



With most of the arguments you can replace the word "bitcoin" with "fiat currency" to get a more interesting question.

For example: "Is Bitcoin made out of thin air?" If they were actually interested in the nature of currency wouldn't they also ask themselves, "Is fiat created out of thin air?"

Which brings me to my point.

Why is it that these interviewers are so willing to scrutinize the inner workings of Bitcoin yet no one inquired about the nature of money during the 2007/2008 financial crisis?




"All the perplexities, confusions, and distresses in America arise, not from defects in the Constitution or confederation, not from want of honor or virtue, as much as from downright ignorance of the nature of coin, credit, and circulation." - John Quincy Adams

All existing rules of governments for this days will regulate and don't allow to do that in many of aspects, we can't do that at all.

The reason for this is obvious, those interviewers trust fiat fully at that time and is the reason why they didn't scrutinize it's inner workings during the 2007/2008 financial crisis. On the other hand, bitcoin, in their view is something that is used by criminals in the past and it is relatively new unlike fiat. The statements above is not the main reasons though. The real reason for their scrutiny is because of the attention bitcoin has got from the people in the last big bullish trend that we have seen.