anyone read this article: The scam called Bitcoin?

[gogxmagog]

It's an opinion piece not reporting, and the author obviously hates BTC. I use the comparison of cell phones when I see this sort of shortsighted FUD. Everybody hated mobile phones when they and out (in the1980s) there was no end of negativity. Op-Ed pieces decrying cellular phones as unecesary and obnoxious, a terrible idea that would never catch on. Look where that got them. Save these articles, it will be fun defaming the authors in years to come... I still have a copy of Rolling Stone from the 90s with a cover showing Limp Biscuit declaring them "the Future of Rock" ... Idiots

[knowhow]

well bitcoin has a bank name blokhain lol as shares from companies those get a profit or a loss bitcoin has that the same way the diference is that is bitcoin

[fatguyyyyy]

the financial elite are growing concerned about Bitcoin .. likely you will see more articles like this appearing as the price goes up and as mainstream adoption increases

[umaOuma]

the financial elite are growing concerned about Bitcoin .. likely you will see more articles like this appearing as the price goes up and as mainstream adoption increases

And we need this types of articles to publish more then only people will start knowing it and start adopting it and it is in the benefit of the users of bitcoin no matter what so ever is published bitcoin will gain more attention.

[ajareselde]

[...]
And the final conclusion is "The future might not belong to Bitcoin, but it should to its technology."

Seems to be the new approach by main stream media: Bitcoin - boo! Blockchain - yay!

That's true, and it makes me believe that all this is coming from the same source, or are news sites copying each other constantly..
The fact that they support the blockchain technology means that they clearly like bitcoin's idea aswel, but maybe they just don't want to buy in now when the price is higher,
maybe they want to create another altcoin of their own..

cheers

[bryant.coleman]

the financial elite are growing concerned about Bitcoin .. likely you will see more articles like this appearing as the price goes up and as mainstream adoption increases

That's what makes me suspicious. I am yet to see a spike in the exchange rates, and the adoption rate has gone down in the past 5-6 months. Many of the Bitcoiners are getting bored due to the lack of momentum. There has been no big news on the Bitcoin sector for the past one year or so. Then why should the financial elite worry about Bitcoin, all of a sudden?

[Nrcewker]

[...]
And the final conclusion is "The future might not belong to Bitcoin, but it should to its technology."

Seems to be the new approach by main stream media: Bitcoin - boo! Blockchain - yay!

if he love blockchain, then why he so hate bitcoin, interesting 

[thebenjamincode]

i agree with you

for me, bitcoin and other altcoin is like a stock market which you can invest on
but i don't think it is just a ponzi scheme because bitcoin is very easy to use and also the cheapest and fastest way i know on how to send money

[innocent93]

And the final conclusion is "The future might not belong to Bitcoin, but it should to its technology."

Agree with this! A lot of applications are built on the blochchain concept! Like Nasdaq are considering to integrate blockchain technology to its trading platform, Hyperledger, colored coin, sidechains etc 

http://www.americanbanker.com/news/bank-technology/nasdaq-signals-confidence-in-bitcoin-not-just-the-blockchain-1074405-1.html

You need to read articles like that, then maybe understand that a blockchain without sufficient mining power is worthless.

[el kaka22]

In fact, I have thought of this before I joined bitcoin. I thought that bitcoin was just some matter of numbers, and mining bitcoin is easy because it only requires a computer and I will get rich after I do that... However after I join bitcoin, I found that mining of bitcoin is extremely hard (which I was mislead by medias that it is easy), and the system is more than just numbers. Bitcoin is a secure system, so it MUST NOT be a scam.

[mackbells]

In my opinion its a commodity like precious metals.

Not really a stock, because there is no central company.

The article isn't that great. Who published it Ohh Mr Matt O'Brien.He doesn't know what is Ponzi scheme or a pyramid scheme.

[Snorek]

A blockchain without coins would not be decentralized because nobody would care

Pretty much this is the shortest and the best explanation. Without incentive of monetary gratification blockchain technology only can be backed by centralized entity with tremendous processing power,
without decentralized structures we are just giving power in the hands of financial institutions again. Only fools would want that to happen.

[mr.coinstrader]

Mainstream media is still doing the mental work in processing bitcoin and the possibilities of such a new thing like crypto currency.

[Amph]

they forget that bitcoin is actually something useful, apart from the speculation behind it, how they can even think of comparing it to any scam or ponzi

when it is obvious that the technology used by bitcoin is something revolutionary, even nowadays, they are just another bunch of delusional who missed the 2009-2010 train

[oblivi]

they forget that bitcoin is actually something useful, apart from the speculation behind it, how they can even think of comparing it to any scam or ponzi

when it is obvious that the technology used by bitcoin is something revolutionary, even nowadays, they are just another bunch of delusional who missed the 2009-2010 train

These articles are always written by totally clueless people about Bitcoin, which in this case can't really blame them, but what grinds my gears is when it's made by people with agendas that purposely try to kill BTC with their fud content, which is obviously not workin by the way.

[DooMAD]

WTF? This Matt O'Brien guy again? I just read some half-a-dozen or so anti-Bitcoin articles in the Washington Post authored by this guy, and now it seems that he is authoring articles for the New Zealand Herald as well. A trans-continental anti-Bitcoin author? Who is really sponsoring this idiot? I am not ready to blame Jeff Bezos, as he seems to be a genuine guy...

Some of the articles authored by him:

The Atlantic:

Bitcoin Is No Longer a Currency
Why Bitcoin Will Never Be a Currency
Bitcoin Is the Segway of Currency

Washington Post:

Bitcoin isn’t the future of money — it’s either a Ponzi scheme or a pyramid scheme
Bitcoin revealed: a Ponzi scheme for redistributing wealth from one libertarian to another

New Zealand Herald:

Matt O'Brien: The scam called Bitcoin

It's starting to look like a deliberate smear campaign on his part.  Maybe if enough people start writing "Matt O'Brien is either a clueless hack or a paid shill" (he clearly doesn't need any evidence for his claims, so why should we?) everywhere his name appears, search engines will start to equate the terms.  Particularly if the sites where his "articles" (if you can call them that) are published have comments sections.  Discredit the discreditors.

[knowhow]

those guy wanna get the attention that bitcoin has ,and he is geting a bit of it atleast looks like why a person would try to face alone a comunity that isnt soo big and isnt so small

[mearylll]

those guy wanna get the attention that bitcoin has ,and he is geting a bit of it atleast looks like why a person would try to face alone a comunity that isnt soo big and isnt so small

Yes and I think this article related to bitcoin is just an bullshit. They just want an attention from the society and they also want to distract the minds of the people who are actually willing to opt Bitcoin as a currency So they just want to divert the mindset of the people by publishing this useless article.

[EternalWingsofGod]

Yes, I have read the article. And even though I dislike the article & its negative tones about Bitcoin, I do see the author's point (and it has been brought up before). I.e.- Person A plans on not spending their Bitcoin because they hope the price will increase in the future and they'll be rich, so they let person B spend theirs. Person B does the same thing and doesn't spend any of their BTC, and the economy dries up because of no people spending it.

However, I disagree because I love to spend BTC and do it all the time! It is a streamlined, non-invasive way of buying everything, and you often find cheaper prices listed for goods compared to higher prices for Credit Card & PayPal, because of the processing fees the vendor has to pay with cards. I find it beneficial and enjoyable to spend BTC, and I still believe it will increase in price in the future. So if the price increases any BTC holdings I have will be worth more, and I still helped the BTC
 economy along the way.

[...]
And the final conclusion is "The future might not belong to Bitcoin, but it should to its technology."

The blockchain is excellent foundational protocol, once blocksize issues are resolved it does tend to have a bias towards concentration due to the increasing filesize requirements to run full nodes over the network as the number of transactions increase and are logged throughout the network hence the blockchain, but it's not the large issue as it can be resolved someday through side-chains to split the load amongst different clients, but as mentioned its the technology that matters and that can be improved well into the future.

And some of the best investments I've made is to spend my Bitcoins ha-ha (Given the exchange rate over the last year leverage ^^)

[qwk]

[...]
And the final conclusion is "The future might not belong to Bitcoin, but it should to its technology."

Seems to be the new approach by main stream media: Bitcoin - boo! Blockchain - yay!

Same old, same old.
A couple decades ago it was "Internet - boo! Intranet - yay!"

It's just the latecomers saying:
Yeah, well... I'm gonna go build my own blockchain, with blackjack and hookers. In fact, forget the blockchain!