2012-11-01 onlinemba.com - Bitcoins: The Currency of the Darknet

[julz]

Ouch.. according to One Minute MBA - 'What you need to know about Bitcoins'
This video manages to ignore most interesting aspects of Bitcoin and focus on the 'not-so-legal side', in a way that superficially appears to be giving an 'overview' of Bitcoin. Truly awful.

Bitcoins: The Currency of the Darknet
Bitcoins are an online currency with no ties to a government or central bank. Since their inception in 2009, it has become a medium for all kinds of black market activities online. Here’s what you need to know about the not-so-legal side of Bitcoins

One Minute MBA
2012 (some time in October)

http://www.onlinemba.com/blog/bitcoins/

edit: well, I guess some people will be happy to see Bitcoin described as good for black market purposes - but the problem I have with the video is that it seems to be being used as a more general explanation - and as such, doesn't even tell half the story.
I first found it via http://pulse2.com/2012/11/01/watch-how-bitcoins-work/
where the poster states " I like how the video gives a quick and concise explanation of how Bitcoins work since I do not know much about the currency."
Not a great intro to Bitcoin IMHO!

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[Stephen Gornick]

Not a great intro to Bitcoin IMHO!

Heh, well it doesn't say here's an overview of Bitcoin, it specifically says: "Here's what you should know about the not-so legal side of Bitcoins":

Buying stolen art?   Has there even been a rumor that this has occurred yet?

[julz]

Not a great intro to Bitcoin IMHO!

Heh, well it doesn't say here's an overview of Bitcoin, it specifically says: "Here's what you should know about the not-so legal side of Bitcoins":

Well the blackboard says "Here's what you should know about Bitcoins" - even though the audio says "Here's what you should know about the not-so legal side of Bitcoins"
It certainly comes across to me that it's intended as some sort of Intro/overview regarding bitcoins.

Buying stolen art?   Has there even been a rumor that this has occurred yet?

I haven't heard of it.

I'm also suspicious of their insinuation that the silk road has relaxed their policy regarding selling harmful products like firearms and stolen credit cards.
Has this policy really been relaxed?

[julz]

I see also they say that 'currently' there are around 6.5 Million Bitcoins in existence... so perhaps this video is actually over a year old?

[Rotsor]

It also says "$33 in June 2012". Can't expect much from someone making so bad factual errors, can you?

Also, "there are no taxes", really?

[beckspace]

My minute was haked. I want it back!

[FreeMoney]

My minute was haked. I want it back!

Sorry, minutes are irreversible (that's why they are so valuable).

[n8rwJeTt8TrrLKPa55eU]

Buying stolen art?   Has there even been a rumor that this has occurred yet?