2013-04-03 The Atlantic Wire 'Bitcoin Blogging Bubble Is Bursting'

[Manticore]

2013-04-03 The Atlantic Wire 'Bitcoin Blogging Bubble Is Bursting'
http://www.theatlanticwire.com/technology/2013/04/bitcoin-blogging-bubble-bursting/63858/

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[kiba]

Quite surreal that they're calling the bubble pop early.

[kiko]

I can see the headlines now.

"Revolutionary new currency scuppered after three get bored of mentions on twitter."

[aigeezer]

They're not calling a Bitcoin bubble pop - they're being cute and calling an attention-bubble pop.

From the piece:

"... America woke up — and went from novice to expert to blasé on the topic."

"If you were going to create a graph of the day's interest in Bitcoin, it would likely spike high in the morning, run steady for a little bit, then crash early in the afternoon. It was, if you will, a Bitcoin conversation bubble. And like any bubble, it burst."

I think the author confounds the media machine's behavior with public behavior - the media have come to believe their own propaganda. It has been fascinating to watch them mangle the Bitcoin meme - a useful reminder of how they approach all "news".