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Author Topic: On the cover page of The Economist  (Read 3709 times)
countryfree (OP)
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October 30, 2015, 11:21:46 PM
 #1



To people who are not familiar with this magazine, it's very highly regarded everywhere in Europe. It's British and more than 150 years old. I bet this cover page alone is worth a rise of at least 3% in BTC's price. The article is also available online but you need to register.

http://www.economist.com/

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October 30, 2015, 11:31:01 PM
 #2

Yeah im sure this has been commented before today. Huge news, even tho they insist on the "blockchain technology" discourse if you read the actual article. Cool looking cover, but the article commits the same mistake of all the other guys on mainstream media did. I guess it's how they cope with the fact Bitcoin is about to disrupt the entire industry, so they want to stick with the blockchain tech thing.
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October 30, 2015, 11:48:27 PM
 #3

WOW. I think it's great that bitcoin is now FAMOUS. I'm not too familiar with this magazine but the way you describe it makes me quite happy about bitcoin. And if it does rise the price I think it will be a great help for Bitcoin.
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October 30, 2015, 11:51:03 PM
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Bitcoins will at least set the trend of making all transactions public with blockchain technology.
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October 30, 2015, 11:58:04 PM
 #5

It's great to have an article in the Economist about bitcoin. Not quite, mostly about blockchain technology. I believe this could be a better approach to have economists (people) appreciate bitcoin. Most have debunked bitcoin for it's deflationary properties.

The article talks about nothing bitcoiners wouldn't know:

Quote
...But most unfair of all is that bitcoin’s shady image causes people to overlook the extraordinary potential of the “blockchain”, the technology that underpins it. This innovation carries a significance stretching far beyond cryptocurrency. The blockchain lets people who have no particular confidence in each other collaborate without having to go through a neutral central authority. Simply put, it is a machine for creating trust.

Direct link:
http://www.economist.com/news/leaders/21677198-technology-behind-bitcoin-could-transform-how-economy-works-trust-machine

Via Google if site wouldn't let you read the article:
https://www.google.com/search?q=The+trust+machine+site%3Aeconomist.com&oq=The+trust+machine+site%3Aeconomist.com
chicken65
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October 31, 2015, 12:33:54 AM
 #6

Good - it reaches a lot of people who invest but don't  know anything abut Bitcoin other than they have heard the name in passing.
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October 31, 2015, 12:43:19 AM
 #7

If it was in the Chinese equivalent of the Economist it would be bigger news. The British Bitcoin exchanges don't dominate the market like the Chinese ones, their volume is tiny. Perhaps there has already been an article in the Chinese equivalent that we don't know about, and that's what's pumped the price. It's good to see Bitcoin getting more publicity though.
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October 31, 2015, 01:24:09 AM
 #8

Wow, this was important to introduce more people on bitcoin. The cover of economic magazines is seen by a lot of people. This people provably will want to know more about bitcoin and will ask a friend or will search more info on internet.
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October 31, 2015, 01:28:38 AM
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If it was in the Chinese equivalent of the Economist it would be bigger news. The British Bitcoin exchanges don't dominate the market like the Chinese ones, their volume is tiny. Perhaps there has already been an article in the Chinese equivalent that we don't know about, and that's what's pumped the price. It's good to see Bitcoin getting more publicity though.

The current "media cycle" has turned positive for Bitcoin, and that has helped fuel the huge rallies in the past.  Smiley

7788bitcoin
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October 31, 2015, 01:49:58 AM
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I thought it should read "The trustless machine"? There is no trust in bitcoin, as it is not needed.
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October 31, 2015, 01:58:54 AM
 #11

It's the blockchain that the financial world loves, I don't think they will ever embrace Bitcoin in any serious way. When Wall Street discusses Bitcoin, the always use the term BlockChain. Maybe Bitcoin should chnage their name to BlockCoin or something, lol. 

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October 31, 2015, 02:43:15 AM
 #12



To people who are not familiar with this magazine, it's very highly regarded everywhere in Europe. It's British and more than 150 years old. I bet this cover page alone is worth a rise of at least 3% in BTC's price. The article is also available online but you need to register.

http://www.economist.com/


From the same source that once displayed Sonny Vleisides' ad many blood moons ago:

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October 31, 2015, 07:39:55 AM
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The first time I knew about bitcoin was about 3 years, I read an article in The Economist. I did not take it seriously. The bitcoin has grown a lot since then.
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October 31, 2015, 08:00:24 AM
 #14

I thought it should read "The trustless machine"? There is no trust in bitcoin, as it is not needed.

It is trustless because you do not need to rely the validity of a certain transaction in a central hub but rather on a network of decentralized computers and machines.
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October 31, 2015, 09:03:26 AM
 #15

This is bigger than many people might think... They have over 1.5 million average weekly circulation and more or less 50% of that is sold in the U.S.A

They also have about 11 million twitter followers and about 6 million Facebook followers and +/- 10 million Google Plus followers.  Cool

We are not talking about the local news paper here... The viewers are mostly financial and highly educated people with loads of money to invest.  Wink

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October 31, 2015, 09:08:15 AM
 #16

Wow guys, this is a huge freaking news! You have to earn a right to be in this magazine, let alone to be on the cover page! This will introduce Bitcoin to the higher class, more eminent people that are reading the Economist!

I can only say that Bitcoin is in a fifth gear when it comes to promotion, adoption and acknowledgement by the masses!
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October 31, 2015, 09:38:39 AM
Last edit: October 31, 2015, 09:53:18 AM by batesresearch
 #17

This is great! Published today we shall see what comes out it, reading now...

Its a good article starts off negative ends very well!

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October 31, 2015, 10:43:10 AM
 #18

I would like to find it somewhere on the Internet to read it. Is it published online too?
This is the kind of news we need.
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October 31, 2015, 10:47:46 AM
 #19

I would like to find it somewhere on the Internet to read it. Is it published online too?
This is the kind of news we need.


V Here

It's great to have an article in the Economist about bitcoin. Not quite, mostly about blockchain technology. I believe this could be a better approach to have economists (people) appreciate bitcoin. Most have debunked bitcoin for it's deflationary properties.

Direct link:
http://www.economist.com/news/leaders/21677198-technology-behind-bitcoin-could-transform-how-economy-works-trust-machine

Visit Satoshi's Place, a Bitcoin Hub based in Bury, Manchester, UK.
Website: https://satoshisplace.co.uk
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October 31, 2015, 10:52:20 AM
 #20

great article in very reputable magazine, which is impacting more or less potential buyers/investors. I bet that current price grow is related to this..
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