2013-04-03 MSN Money "Bitcoin becomes an online phenomenon"

[tjohej]

http://money.msn.com/now/post.aspx?post=e4b7b525-bf39-42f5-a1a7-c1366d9e797d

Bitcoin becomes an online phenomenon

[Mike Christ]

Love how they open with,

Bitcoin, an alternative currency that doesn't exist physically

Because all those numbers sitting in bank accounts actually exist.

[maxmint]

Love how they open with,

Bitcoin, an alternative currency that doesn't exist physically

Because all those numbers sitting in bank accounts actually exist.

Just wanted to quote the same sentence. Are people really thinking that money in their bank accounts is "physical" money?

[hazek]

Love how they open with,

Bitcoin, an alternative currency that doesn't exist physically

Because all those numbers sitting in bank accounts actually exist.

Just wanted to quote the same sentence. Are people really thinking that money in their bank accounts is "physical" money?

Yes they do actually. 

[TraderTimm]

Some of the more conspiracy-minded have clued into the global nature of bitcoin and think its going to be part of some evil cabal's power-grab over everyone.

Of course that totally falls on its face since there isn't any one person controlling anything - more of a global consensus than a secret circle of 'rulers'. But I suppose they need to demonize bitcoin somehow, and that is a pretty easy jump for them.

[cypherdoc]

criticize what you don't understand.

[teknomunk]

criticize what you don't understand.

Pretty much.  It is so much easier than actually learning somthing and also makes the critic feel superior.  Unfortunately, there have been people like this as long as there have been people and I don't think that is going to change any time soon.