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Author Topic: 2013-02-07 thetechfeed - Is Bitcoin a Legitimate Form of Currency?  (Read 1292 times)
julz
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February 07, 2013, 09:14:04 AM
 #1

Pretty good general intro video!

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Is Bitcoin a Legitimate Form of Currency?

TheTechFeed  (over 40K subscribers)
2013-02-07

http://www.youtube.com/user/TheTechFeed?feature=watch

Bitcoin is a virtual currency gaining popularity across the web for its ease and speed of use, as well as its anonymity. Annie takes a look at the many uses for Bitcoins, and talks to Fred Ehrsam of Coinbase on the practicality of the digital currency.

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February 07, 2013, 11:09:45 AM
 #2

Great vid! No difficult explanations, just basics of "how it's being used" and "how you can use it".

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February 07, 2013, 12:28:42 PM
 #3

Very cool, and not a single mention of mining!  Grin

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February 07, 2013, 06:40:14 PM
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I prefer the old MemeMolly vid.  She's even easier on the eyes (and ears).  And she has a cute way of referring to "flat" currency.

http://www.youtube.com/watch?v=9LaSrxtWfgc&feature=share&list=PL0E80CEF574874E11
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February 11, 2013, 02:16:14 AM
 #5

Tech FeedBack: Drugs and Bitcoins Spark Debate

http://www.youtube.com/watch?v=nxx8V63LVT8

At the end of this video there is a little bit of commentary regarding their recent Bitcoin video.

Right at the end - Annie jokes about needing to 'strip for Bitcoins'.


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Mike Christ
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February 11, 2013, 02:33:43 AM
 #6

Pretty good general intro video!

Quote
Is Bitcoin a Legitimate Form of Currency?

TheTechFeed  (over 40K subscribers)
2013-02-07

http://www.youtube.com/user/TheTechFeed?feature=watch

Bitcoin is a virtual currency gaining popularity across the web for its ease and speed of use, as well as its anonymity. Annie takes a look at the many uses for Bitcoins, and talks to Fred Ehrsam of Coinbase on the practicality of the digital currency.


I liked it, but I always get bugged out when someone compares PayPal to Bitcoin.  I know it's an easy comparison, but it really is comparing apples to oranges.  Sure, they're both fruit, but they're so vastly different.  Anyone who has been a long-term user of PayPal knows the frustration that comes along with it (cough account frozen cough fail-team of customer service cough holier-than-thou cough)

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February 11, 2013, 02:41:23 AM
 #7

Is Bitcoin a "legitimate" form of currency? Hmmm, I guess that depends on what you mean by "legitimate." Here are the definitions provided by one online dictionary.

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1. Being in compliance with the law; lawful: a legitimate business.

I have yet to see a convincing argument that Bitcoin is unlawful (at least under U.S. law). So yeah, by that definition, Bitcoin appears to be legitimate.

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2. Being in accordance with established or accepted patterns and standards: legitimate advertising practices.

That one's trickier.  In certain respects, Bitcoin operates like any other money.  But in others, it is radically different and departs from "established or accepted patterns or standards."  Of course, it's those departures that make it so revolutionary.

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3. Based on logical reasoning; reasonable: a legitimate solution to the problem.

Oh man, that one's easy. By that definition, Bitcoin is clearly the most "legitimate" currency the world has ever seen.

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4. Authentic; genuine: a legitimate complaint.

It's pretty close to impossible to create a counterfeit bitcoin.  I'm gonna give it this one.

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5. Born of legally married parents: legitimate issue.

I don't know Satoshi's marital status, but I think we can safely assume that this is not the definition most people have in mind when discussing Bitcoin's legitimacy.

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6. Of, relating to, or ruling by hereditary right: a legitimate monarch.

Nope, Bitcoin is definitely not that.  "Rule by hereditary right" sounds like a better description of the legacy monetary system.

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7. Of or relating to drama of high professional quality that excludes burlesque, vaudeville, and some forms of musical comedy: the legitimate theater.

Well, Bitcoin (and this forum) have certainly produced their fair share of drama, but I don't think that's what they're talking about.
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February 11, 2013, 04:03:19 AM
 #8

bitcoin, the illegitimate child of the internets

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I prefer the old MemeMolly vid.  She's even easier on the eyes (and ears).  And she has a cute way of referring to "flat" currency.

http://www.youtube.com/watch?v=9LaSrxtWfgc&feature=share&list=PL0E80CEF574874E11
   

whatever happened to her? .... bring back Molly!

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February 11, 2013, 11:24:55 AM
 #9

Are we sure it is legitimate?  Shocked If it is not legitimate we will have to quickly uninstall it  Shocked
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¡ɥɔʇɐʍ ʇsnɾ &#7


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February 14, 2013, 10:00:39 PM
 #10

Please update the link. It should read http://www.youtube.com/watch?v=bcIve4-eUF8

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