2012-08-15 TheVerge.com The Bernie Madoffs of Bitcoin? [Adrianne Jeffries]

[Stephen Gornick]

The Bernie Madoffs of Bitcoin? As virtual trading heats up, promises of profits skyrocket

 - http://www.theverge.com/2012/8/15/3243200/bitcoin-ponzi-schemes-savings-and-trust

"I think any 'investment' that promises low-risk high-interest returns is almost certainly a scam. My general advice would be to avoid investing in anything that you don't understand," Mr. Andresen told The Verge in an email. "That includes Bitcoin!

But what's this all about?

The Bitcoin Project will be making a major announcement in September that should contribute some stability, he said. Still, he predicted things will continue to be exciting in the world of Bitcoin with "continued controversy and chaos."

[Serge]

This is a much more thought out article than their previous one not so long ago about SR or Bitcoinica.
Good read

[kwukduck]

The Bernie Madoffs of Bitcoin? As virtual trading heats up, promises of profits skyrocket

 - http://www.theverge.com/2012/8/15/3243200/bitcoin-ponzi-schemes-savings-and-trust

"I think any 'investment' that promises low-risk high-interest returns is almost certainly a scam. My general advice would be to avoid investing in anything that you don't understand," Mr. Andresen told The Verge in an email. "That includes Bitcoin!

Since when is bitcoin low-risk high-profit?

But what's this all about?

The Bitcoin Project will be making a major announcement in September that should contribute some stability, he said. Still, he predicted things will continue to be exciting in the world of Bitcoin with "continued controversy and chaos."

Sometimes i just write random shit too.
Nothing that the 'project' can do can offer stability, that would mean it's not really a free market then i guess.

[Serge]

The Bernie Madoffs of Bitcoin? As virtual trading heats up, promises of profits skyrocket

 - http://www.theverge.com/2012/8/15/3243200/bitcoin-ponzi-schemes-savings-and-trust

"I think any 'investment' that promises low-risk high-interest returns is almost certainly a scam. My general advice would be to avoid investing in anything that you don't understand," Mr. Andresen told The Verge in an email. "That includes Bitcoin!

Since when is bitcoin low-risk high-profit?

That particular line isn't talking specifically about Bitcoin

[unclescrooge]

According to the author, Gavin said:

"The Bitcoin Project will be making a major announcement in September that should contribute some stability, [Gavin] said. Still, he predicted things will continue to be exciting in the world of Bitcoin with "continued controversy and chaos.""

[giszmo]

According to the author, Gavin said:

"The Bitcoin Project will be making a major announcement in September that should contribute some stability, [Gavin] said. Still, he predicted things will continue to be exciting in the world of Bitcoin with "continued controversy and chaos.""

WTF? If Gavin will do an announcement then this will not be in the name of Bitcoin as he does not own Bitcoin to any extent. Since when does Gavin fuel speculation? Do you guys know anything about this? @Gavin maybe?
As I read this, Gavin has some personal venture going on that he considers having a huge impact? Or is this just the introduction of multi-sig? If so, why not say it? Grrr...

[unclescrooge]

According to the author, Gavin said:

"The Bitcoin Project will be making a major announcement in September that should contribute some stability, [Gavin] said. Still, he predicted things will continue to be exciting in the world of Bitcoin with "continued controversy and chaos.""

WTF? If Gavin will do an announcement then this will not be in the name of Bitcoin as he does not own Bitcoin to any extent. Since when does Gavin fuel speculation? Do you guys know anything about this? @Gavin maybe?
As I read this, Gavin has some personal venture going on that he considers having a huge impact? Or is this just the introduction of multi-sig? If so, why not say it? Grrr...

I am very very intrigued by this as well.

Anyone has more info on this?

[unclescrooge]

But as long as it's not a change in the bitcoin protocole, I'm good

[BkkCoins]

It's probably multi-sig as that's been sought after a while and quite a big deal overall.
And it fits roughly time wise with when it may make it into a public release.

I thought that article was quite good.
At least I didn't feel I had to roll my eyes at idiotic and presumptuous statements.

[unclescrooge]

+1, very well researched article.