ZeroHedge

[Severian]

Me three but that's no excuse for being an ignorant doomtard with the cognitive elasticity of a slab of granite.

Aw man, why ya wanna diss granite like that? : )

I'm in my 50's. My late grandfather once told me a story about his father, who had a chance to buy AT&T stock around 1900, near the beginning of the company. My great-grandfather's response to the offer was, "who the hell wants to talk into a wire?".  ZH is full of my great-grandfathers.

[DannyHamilton]

Hey, me too.

Is it hard explaining Bitcoin to some of your peers also? : )

Nah, but I don't really try very hard unless I'm talking to someone who is expressing a sincere interest.  Basically, I just make sure that those around me are aware that I'm involved with bitcoin and find it very interesting, and just leave it at that.  If they want information on bitcoin I let them come to me to get it instead of trying to push that knowledge on them.  Those who are sincerely interested will push for answers and keep asking questions.  They can usually keep up with my explanations when they come looking for information.  Those who aren't sincerely interested are content to hear "it's a new decentralized digital currency. There are currency exchanges online that can be used to exchange USD for bitcoin, and it can be used to make purchases" if they ask "what's bitcoin". They say something along the lines of "Oh. Ok", and drop the subject.

[BeeCee1]

One self-assured genius went so far as to suggest jugs of Tide were a better form of "currency" than BTC.

The poster was probably alluding to an article like this one: http://www.usnews.com/news/articles/2012/03/14/pilfered-tide-detergent-new-drug-currency

Authorities say a bottle of Tide detergent is relatively easy to steal, hard to track, and can fetch anywhere between $5 to $10 on the black market. Normal retail prices range from $10 to $20.

[cypherdoc]

90% of the contempt towards bitcoin come from the precious metal stackers on zerohedge.

You would expect PM stackers to "get" Bitcoin faster than the average person. I suppose most of them get stuck on "tangibility" and a misunderstanding of "intrinsic value".

also "vested interest".

[tvbcof]

You have to keep in mind that the crowd browsing Zerohedge is mostly older (>40 years old), mostly white, and mostly american.

That describes me.

Hey, me too.

Here also.

I happen to also to be a Socialist, a precious metal stacker, and a tech industry engineer (when I feel like it.)  Somehow I always manage to be an outsider it seems.  I like it that way.  Whether in a fox/grapes sort of way I'm not sure

[jim618]

I still read Turd's stuff but let's face it, he's been wrong a large percentage of the time for well over a year.  He bases much of his personal analysis on a manipulated CoT structure and dynamics of futures trading.   All that being said I think he does a good job in trying his best and has started to post great interviews with very knowledgeable and connected people in the metals space like Andy McGuire, Jim Willie and Jim Sinclair.

Yeah the podcasts are the best part of that site.

[twolifeinexile]

Just wondering if anyone has followed the last few threads containing discussions about BTC and commentary in general with regards to BTC on ZeroHedge?  What do you think about the outright rejection of the entire concept and function as well as ridicule of it by the majority of posters.  Granted we know it's far from perfect or being a monetary panacea but I cannot understand this type of reaction and some of the paranoid assumptions made.  Some of these people seem to imply that Bitcoin is the only market/currency/"investment class" with risk and is reckless to use for any purpose.  An essentially free market finally comes along in otherwise controlled and manipulated global markets and ZeroHedge comment sections taunt it and beat it like a red-headed stepchild?

I find it fascinating personally but hope that others here can comment.  Thanks.

ZeroHedge is indeed a very good and informative website, you can learn a lot of finanical jargons there that is not present anywhere else, just the general audiance and zerohedge authors somehow have very bias mentality that even though their "prediction" is almost always on the wrong side, they do not even care, they have their own version of reality and make it very strong by the the plethora of information they provide.
I found it maybe impossible to change their mentality, so get used to it and still enjoy the website.

[labestiol]

I still read Turd's stuff but let's face it, he's been wrong a large percentage of the time for well over a year.  He bases much of his personal analysis on a manipulated CoT structure and dynamics of futures trading.   All that being said I think he does a good job in trying his best and has started to post great interviews with very knowledgeable and connected people in the metals space like Andy McGuire, Jim Willie and Jim Sinclair.

Yeah the podcasts are the best part of that site.

Has he expressed any opinon about bitcoin ? What about people in the comments ?

I sent him a mail months ago asking for a way to donate bitcoin, never got an answer. Pretty much stop reading because of his track record.

[Haole]

Has he expressed any opinon about bitcoin ? What about people in the comments ?

The odd person has mentioned it recently in the comments but haven't seen anyone so much as entertain the subject to any extent.  Turd doesn't talk about it.  It's basically ignored there from what I've seen.

[solex]

Tyler Durden is really warming to Bitcoin now...

http://www.zerohedge.com/news/2013-03-10/demographics-bitcoin

And even his hard-case commenters seem to be reducing their flak level.

LOL. The comments at this point are classic!
http://www.zerohedge.com/news/2013-03-10/demographics-bitcoin#comment-3317614

[Wekkel]

The world is slowly learning.

[marcus_of_augustus]

Peter Schiff inc = Tyler Durden - ZH inc?

The negativity seems to stem from an inner conflict struggling with issues surrounding the foreign concept of monetary freedom.

It is like you open the cage door on a chimp that has been locked up for decades, basically they go nuts ... they look at the door and their eyes tell them it is open but their brain cannot comprehend it because it has never seen the cage door open. Soon the will poke their noses out of the cage (buy a saotshi or two), run around a little and them run back inside the cage (USD) ...  observing it makes for great lolz, the big, bold freedom campaigners confronting a possible freedom they never really believed in, just like to talk about.

[Raoul Duke]

Peter Schiff inc = Tyler Durden - ZH inc?

The negativity seems to stem from an inner conflict struggling with issues surrounding the foreign concept of monetary freedom.

It is like you open the cage door on a chimp that has been locked up for decades, basically they go nuts ... they look at the door and their eyes tell them it is open but their brain cannot comprehend it because it has never seen the cage door open. Soon the will poke their noses out of the cage (buy a saotshi or two), run around a little and them run back inside the cage (USD) ...  observing it makes for great lolz, the big, bold freedom campaigners confronting a possible freedom they never really believed in, just like to talk about.

Made my day! Thank you for this!
Fuckin' chimps...

[benjamindees]

ZeroHedge isn't averse to freedom.  They've just been scammed a few too many times.

[Bitcoinpro]

I JUST CANNOT WAIT UNTIL ALL THE STOCK SAVVY ZEROHEDGE INVESTORS GET INTO BITCOIN AND HOARD MASSIVE SUMS OF COIN IN THEIR DIGITAL WALLETS THIS WILL HELP THE PRICE DRAMATICALLY, BRING IT ON !!!!!

[Bitcoinpro]

not to mention the wealth of banking investment knowledge they will bring, including how to roll out coin to the mainstream market, and convince consumers to take it up en masse because its not if bitcoin will make it big its how soon, and whoever does including the governments that act first will become the richest

[Tuxavant]

Bitcoin's biggest problem is that it is near perfect money and from our earliest ages we're taught that if something sounds too good to be true, it probably is.

[chipbike]

The connection with anarcho-capitalism stereotype came from the support from Stefan Molyneux, the "anarcho-capitalist philosopher".

http://www.youtube.com/watch?v=pcchQs2YDZ0

[kibblesnbits]

I think the anti-BTC ZH posters are quietly stocking up BTC while dismissing it as a Ponzi or "nerd-coins".  Get in while the price is low...

While we're on the ZH topic,  is there some kind of private joke about losing PMs in a "boating accident"?  Seems like every article has that phrase in there somewhere.  Urban legend? 

[justusranvier]

While we're on the ZH topic,  is there some kind of private joke about losing PMs in a "boating accident"?

I believe that phrase started out in the gun owner community, as in what someone would say if the federal government banned guns and started tracking down firearm owners based on purchase records.

"I don't have those guns any more. They all fell overboard in a tragic boating accident."