BBC: Bitcoin is a bizarre game with a currency, which doesn't exist

[virtualmaster]

What do you think about ?
http://www.youtube.com/watch?v=H0z3HoCgB3Y
BBC says that Bitcoin is a bizarre game with a currency, which doesn't exist.

[Lethn]

This is why I said the BBC shouldn't be trusted what they do is they act neutral until they get told what the agenda surrounding their subject is then immediately form somebody else's opinion on it.

[Luno]

That's how media works:

A wave of good press followed by a counter angle to the story. It sounds like the "CNBC closing bell" anti Bitcoin angle "backed by naivity" from two days ago, is being picked up by other media.

Of course, these are just stories promoted by interests afraid to loose value of their investments to Bitcoin.

[Wekkel]

"I heard building 7 crashed..."

[virtualmaster]

That's how media works:

A wave of good press followed by a counter angle to the story. It sounds like the "CNBC closing bell" anti Bitcoin angle "backed by naivity" from two days ago, is being picked up by other media.

Of course, these are just stories promoted by interests afraid to loose value of their investments to Bitcoin.

Yes you have right. May be it is a parallel also with attack on MtGox.
May be somebody  with massive interest in the bitcoin business now wants that the prizes drop to buy cheaper bitcoins. Then attacks will stop and will come again positive media reports on bitcoin. Then the prizes will go up and he can sell it with profit.
At least this is one of the reasons what MtGox suppose on the recent DOS attacks:
https://www.facebook.com/MtGox/posts/453409538076792

[Come-from-Beyond]

What do you think about ?
http://www.youtube.com/watch?v=H0z3HoCgB3Y
BBC says that Bitcoin is a bizarre game with a currency, which doesn't exist.

Sane ppl use their own brain to come to a conclusion. The others listen to BBC.

[desired_username]

The biggest problem is that non-techie people have a hard time understanding that the bitcoin protocol itself "backs up" the value of BTC.

[Luno]

And the fact the any other currency in the world doesn't exist either.

[ToWS]

No, No, No. 'The BBC' certainly didn't say that Bitcoin was a bizarre game.
Two talking heads, one from a tabloid newspaper and the other a professional spokeswoman, were asked to comment about something they didn't know anything about; and succeeded in showing only that they could indeed fill airtime.
However, Angela Knight, for it was she who was the female guest, has form in this field.
She was formerly the spokeswoman for the British Bankers Association and was therefore the go-to talking head whenever the media needed someone to someone to argue for the Bankers actions during the financial crisis. (The BBC isn't Fox/Sky, they need people from both sides of an argument). Many are the happy hours Mrs ToWS and I have spent fulminating at the unheeding TV screen during her valiant defences of the indefensible.

[reg]

BBC says that Bitcoin is a bizarre game with a currency, which doesn't exist.

exactly, and the that is the strength of btc and not a weakness as portrayed. How can anyone have a large % of there savings taken away by a central authority overnight if it does not exist? (Cyprus), there is no central control aka helicopter ben, ecb etc. their control is not so wonderfull and I am glad I am in btc. reg 

[Lethn]

No, No, No. 'The BBC' certainly didn't say that Bitcoin was a bizarre game.
Two talking heads, one from a tabloid newspaper and the other a professional spokeswoman, were asked to comment about something they didn't know anything about; and succeeded in showing only that they could indeed fill airtime.
However, Angela Knight, for it was she who was the female guest, has form in this field.
She was formerly the spokeswoman for the British Bankers Association and was therefore the go-to talking head whenever the media needed someone to someone to argue for the Bankers actions during the financial crisis. (The BBC isn't Fox/Sky, they need people from both sides of an argument). Many are the happy hours Mrs ToWS and I have spent fulminating at the unheeding TV screen during her valiant defences of the indefensible.

I see where you're coming from ToWS but honestly they tend to take sides after awhile interviewing one side over the other more and so on, granted you can't get anything perfect but be wary of anyone who claims to be neutral or independent because chances are they aren't, when they talk about the wars for instance, they go blatantly loyalist and ramp up the war propaganda/patriotism and in the last election I remember them siding with the conservative position a lot when they saw they were going to win.

[bb113]

BBC says that Bitcoin is a bizarre game with a currency, which doesn't exist.

exactly, and the that is the strength of btc and not a weakness as portrayed. How can anyone have a large % of there savings taken away by a central authority overnight if it does not exist? (Cyprus), there is no central control aka helicopter ben, ecb etc. their control is not so wonderfull and I am glad I am in btc. reg 

Also, how can someone take a bitcoin if it doesn't actually exist? Only if you let them. Secure your btc. Crazy sounding but true. Also true for money in the bank these days, only then you don't have the option of securing it yourself.

[Zomdifros]

The biggest problem is that non-techie people have a hard time understanding that the bitcoin protocol itself "backs up" the value of BTC.

Exactly this, the divide seems not to be on political or social grounds, but between people with a technical background and people who are unable to operate a computer or a smartphone. Usually older people struggle to grasp Bitcoin as an abstract, technological concept and instead of trying to wrap their minds around it revert to their experience which compares it with the dotcom crash, the 2008 financial crisis or other things they knew equally little about.

I love the way these talking heads are laughing at Bitcoin, with all the smug on their faces.  Calling it some bizarre game, laughing at all these silly nerds in their parents basements paying $130 for something virtual, which doesn't even exist! Once these guys know what hit them and why their pensions are worthless, let's see who's laughing.

[cpt_howdy]

It's raining morons at the BBC

[oakpacific]

Who are these people? Are they the same guys who turned my bank saving into a pile of useless debts? Are they the same guys who take my money and pay me back only 0.5% APY, not even enough to keep up with the inflation?

Whoever listens to their opinions on investment must be stupid.

[Rampion]

I wonder how they can even conceive that a currency where history of all transactions and available funds is public and shared by all the network "does not exist"; while they say that a currency that is just a book keeping entry on a bank server and it's inflated at will by a bunch of greedy bankers DOES in fact EXIST?

What a joke

[cypherdoc]

Yes, the banksters will pay dearly in the end.  Mark my words.