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Author Topic: 2013-04-02 New Yorker, The Future of Bitcoin: The Bitcoin Boom  (Read 5036 times)
Rincewind
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April 02, 2013, 03:43:09 PM
 #1

http://www.newyorker.com/online/blogs/elements/2013/04/the-future-of-bitcoin.html

"The whole aim of practical politics is to keep the populace alarmed (and hence clamorous to be led to safety) by menacing it with an endless series of hobgoblins, all of them imaginary."
-- H.L. Mencken (1918)
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April 02, 2013, 04:05:15 PM
 #2

wow so many today, all bullish.

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Piper67
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April 02, 2013, 04:16:45 PM
 #3

wow so many today, all bullish.

This one is in a bit of a class of its own, though, due to its intended audience. We'll start seeing its effects in about ten days  Cheesy

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April 02, 2013, 04:20:14 PM
 #4

The force is strong with this one.  Shows signs of actual journalism rather than the typical web noise.

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April 02, 2013, 04:30:47 PM
 #5

Shows signs of actual journalism.

Indeed.

I absolutely love that they bitch-slapped The Guardian for posting that video with Taaki, instead of um, say talking to any of the current dev's, foundation members or bitcoin business owners!
The-Real-Link
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April 02, 2013, 04:31:23 PM
 #6

Wow, great well written and researched article there.  Thanks!

Oh Loaded, who art up in Mt. Gox, hallowed be thy name!  Thy dollars rain, thy will be done, on BTCUSD.  Give us this day our daily 10% 30%, and forgive the bears, as we have bought their bitcoins.  And lead us into quadruple digits
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April 02, 2013, 04:43:16 PM
 #7

Suprisingly good and well researched article. Definitely better written than all that noise we are reading lately. Even went to the trouble of researching Satoshi's forum posts and asking Gavin tough questions on regulation, etc..


Andresen:
Quote
I think if the U.S. government decided that Bitcoin was a bad thing and told me, “Stop doing what you’re doing,” I’d stop doing what I’m doing, quite frankly. But that wouldn’t be very effective, because there are people all over the world who could pick up and reimplement it"
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April 02, 2013, 04:46:28 PM
 #8

Very nice piece.

I've just sent a link to it to the 'you may as well burn your money' Bitcoin detractor from the Guardian piece who has been decent enough to reply to a harshly critical email I wrote him the other day.

Please disregard Litecoin and Zcash badges to the left. I have just gathered they are an April fool's joke!
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April 02, 2013, 05:25:42 PM
 #9

Suprisingly good and well researched article.

+1

I learned something new from it too ...

Quote
The name Casascius came from the acronym for “call a spade a spade,” with a vaguely Latinized suffix.

Back when first trying to remember how to spell it I broke it apart thinking maybe it was Casa Sci US  (house of science, U.S.).  I was way off.

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April 02, 2013, 06:37:24 PM
 #10

+1 Maria

I totally love it when regular people comprehend the bitcoin.

Founding Director, Bitcoin Foundation
I also cover the bitcoin economy for Forbes, American Banker, PaymentsSource, and CoinDesk.
kiba
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April 02, 2013, 06:40:24 PM
 #11

One of the most level headed article on bitcoin.

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April 02, 2013, 06:49:32 PM
 #12

I've been in bitcoin since May 2011 and this is by far the most well researched informative piece of journalism on this subject I've ever read. Kudos to MARIA BUSTILLOS.

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n8rwJeTt8TrrLKPa55eU
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April 02, 2013, 08:35:25 PM
 #13

Together with the Satoshi article from a couple years ago, it's pretty clear that that caliber of material and journalists at this publication is pretty much head and shoulders above most others.  Makes me rethink my view of legacy media.
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April 02, 2013, 08:43:40 PM
 #14

Together with the Satoshi article from a couple years ago, it's pretty clear that that caliber of material and journalists at this publication is pretty much head and shoulders above most others.  Makes me rethink my view of legacy media.

Yes, it is. The New Yorker is typically top notch IMHO and worth a subscription. It's a big deal, and this article will move the needle.

"The whole aim of practical politics is to keep the populace alarmed (and hence clamorous to be led to safety) by menacing it with an endless series of hobgoblins, all of them imaginary."
-- H.L. Mencken (1918)
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April 02, 2013, 08:58:00 PM
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I think I hadn't read an article on the internet with so much enthusiasm for many months, and as I write this I'm still trying to remember of any other article as well written as this one, and can't remember of any. Not that what it's said there is news for me: in fact, I already knew about everything that's said there. However, it's very hard to point a defect - while I was about halfway of the reading I started to fear it would only focus on the positive aspects of Bitcoin, but then it finally pointed, in a fair way, the downsides. I very much like the way it is organized. It's not usual for me to read such a lengthy text carefully from top to bottom, as usually such articles fail to catch my attention.
It was actually a pleasure to read - most other articles about Bitcoin just tend to call it a currency for anarchists, or treat it as purely a exchange medium for buying drugs or as a pure joke, a toy. This time was different, and I really really hope more articles with this quality get written on other media.
If I had to introduce someone to Bitcoin right now, I'd simply direct them to that link.
Journalists, watch and learn.

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April 02, 2013, 09:09:56 PM
 #16

Quote
Standards vary, but there seems to be a consensus forming around Bitcoin, capitalized, for the system, the software, and the network it runs on, and bitcoin, lowercase, for the currency itself.
Holy crap, I learned something new from it too.  What is the world coming to?

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April 02, 2013, 09:57:47 PM
 #17

Amazing article. I shared it with some people as a good introduction to Bitcoin.

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April 02, 2013, 11:23:20 PM
 #18

Wait, they did research before publishing? Research on Bitcoin Huh I thought all you had to do was say "it's a ponzi, anyone can counterfeit them, it's fiat, anyone can make a copy, it's a bubble" and be done!

The New Yorker just got themselves a subscriber.

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April 02, 2013, 11:30:02 PM
 #19

The benefit of knowing bitcoin is that you can do the sniff test.

casascius
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April 03, 2013, 10:27:34 PM
 #20

I've been in bitcoin since May 2011 and this is by far the most well researched informative piece of journalism on this subject I've ever read. Kudos to MARIA BUSTILLOS.

Just giving the interview, I knew this one was going to be interesting.

Maria didn't want to know about Silk Road, mining, block chains, or wallet hacking.  She was doing a piece on what Bitcoin means in a sociopolitical context.  She did a fantastic job.

Companies claiming they got hacked and lost your coins sounds like fraud so perfect it could be called fashionable.  I never believe them.  If I ever experience the misfortune of a real intrusion, I declare I have been honest about the way I have managed the keys in Casascius Coins.  I maintain no ability to recover or reproduce the keys, not even under limitless duress or total intrusion.  Remember that trusting strangers with your coins without any recourse is, as a matter of principle, not a best practice.  Don't keep coins online. Use paper or hardware wallets instead.
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