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Author Topic: The Wallstreet Journal article on Bitcoin and what it means  (Read 737 times)
Adeel06 (OP)
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June 19, 2013, 10:43:02 AM
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Link: [Suspicious link removed]j.com/article/SB10001424127887323687604578469012375269952.html


"Bitcoin startups are beginning to raise sizable investment capital even as industry leaders warn that hackers are abusing the Internet virtual currency for profit."
And
"In the past year, fledgling businesses Coinbase Inc., Coinsetter Inc. and CoinLab Inc. have raised millions of dollars collectively from prominent venture-capital firms and angel investors, adding credibility to a digital currency that isn't backed by a central bank."

The first two sentences show just how much the military-corporate complex is willing to do to try to put down bitcoin and act as if their currencies actually have any value other than what we the consumers give it. Reading articles like these makes me proud to be a bitcoiner though I do believe that their are problems with the currency, it's amazing.

As a side note, I tried to buy something through these forums and found out I can't pm or start a new topic or new post in any forum other than this. This does make the forums seem a little haute taute as on most other Internet forums that do not have paid access, all users may post freely. My money is the same as yours, bitcoin, and my ideas may be helpful to some, so I was wondering why this was the case when this a forum dedicated to a DECENTRALIZED CURRENCY. Sorry for the rant but its the reason I didnt sign up until recently, and may keep others out as well. Just reading and not having any input whatsoever. /rant off
tinus42
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June 19, 2013, 10:46:26 AM
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Just post 4 more posts and hang around here for 4 hours (you can see at the top how long you have logged in). Then you can post everywhere.
BFL_Shill
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June 19, 2013, 11:35:14 AM
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Ah that makes sense.
ziptie
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June 19, 2013, 11:36:18 AM
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According to WSJ, "hackers are abusing the Internet virtual currency for profit".  Does this imply that there's stuff on the Internet that hacker's aren't abusing?  The fact that the currency still exists and has even increased in value is evidence of it's resistance to external influence.  It's an amazing piece of work and something the world really needs at a time like this, where centrally controlled currencies have been manipulated beyond belief to the benefit of a select few.
Double-Spent
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June 19, 2013, 11:39:15 AM
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The hackers are abusing the currency for profit?

What the fuck? I'd say the hackers are abusing the USD for profit, or the carders, etc. are dealing with Bitcoins?

Really, what does even mean "the hackers are absuing the currency for profit"?

Nowadays journalists are very lame.
BFL_Shill
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June 19, 2013, 11:39:51 AM
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Has anyone around here had bitcoins actually stolen from them?
Adeel06 (OP)
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June 19, 2013, 12:36:11 PM
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Of course not. Unless someone had a gun pointed at them, and even in that case they could plead a lack of memory Smiley! This just is another article that tries to malign our magnificent currency.
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June 21, 2013, 11:58:14 AM
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agreed...
arc45
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June 25, 2013, 12:44:15 AM
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Link: [Suspicious link removed]j.com/article/SB10001424127887323687604578469012375269952.html


"Bitcoin startups are beginning to raise sizable investment capital even as industry leaders warn that hackers are abusing the Internet virtual currency for profit."
And
"In the past year, fledgling businesses Coinbase Inc., Coinsetter Inc. and CoinLab Inc. have raised millions of dollars collectively from prominent venture-capital firms and angel investors, adding credibility to a digital currency that isn't backed by a central bank."

The first two sentences show just how much the military-corporate complex is willing to do to try to put down bitcoin and act as if their currencies actually have any value other than what we the consumers give it. Reading articles like these makes me proud to be a bitcoiner though I do believe that their are problems with the currency, it's amazing.

As a side note, I tried to buy something through these forums and found out I can't pm or start a new topic or new post in any forum other than this. This does make the forums seem a little haute taute as on most other Internet forums that do not have paid access, all users may post freely. My money is the same as yours, bitcoin, and my ideas may be helpful to some, so I was wondering why this was the case when this a forum dedicated to a DECENTRALIZED CURRENCY. Sorry for the rant but its the reason I didnt sign up until recently, and may keep others out as well. Just reading and not having any input whatsoever. /rant off

The article seemed scattered, just throwing together news about bitcoins without making 1 cohesive story. 

Looking beyond that, part of me despises them saying that the cryptocurrency is more legitimate when VC funds come in.  I think it shows that there are businesses that can be built on bitcoin, but overlooking any fixed bugs, bitcoins seemed legit just because the system works as is.
Adeel06 (OP)
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September 06, 2013, 05:52:49 PM
 #10

Link: [Suspicious link removed]j.com/article/SB10001424127887323687604578469012375269952.html


Why was this marked suspicious by bitcointalk.org moderators when it is the wallstreet journal's actual homepage? I am confused...
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