2013-04-05 CNBC: Bitcoin Only Good for Narco Dollar Traffickers: Pro

[n8rwJeTt8TrrLKPa55eU]

At this point, I think they're just trolling, they must've figured out that yellow journalism on the Bitcoin topic  increases their otherwise plummetting ratings and pageviews.

http://www.cnbc.com/id/100618934

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[n8rwJeTt8TrrLKPa55eU]

Here's the video of the interviewers and Davide Serra making fools of themselves for posterity.  Alistair Cotton comes off as over his head, but relatively reasonable by comparison.

http://video.cnbc.com/gallery/?play=1&video=3000159292

[Gabi]

Their trolling:

[Piper67]

Yep, trolling. Kind of strange how the financial press seem to have all jumped on the FUDwaggon together, any tinfoil hat wearer would think they're trying to keep interest down until they've had a chance to get in themselves.

I think this might be a case of "Never assign malice to that which can be successfully explained by incompetence". FUD is, among other things, much EASIER. It's easier to write, easier to understand, easier to sell.

[Mark Oates]

News hasn't been too bad.  CNN is doing their best to play fair, Al Jazeera isn't doing bad, even Fox is taking a modestly neutral position (shocking, I know), BBC is lols but they're trying, I'd say NPR is doing well...  But CNBC... holy crap they're drooling on themselves.  

[kiko]

Date is wrong. <sigh>

[Gabi]

Not only it is wrong, but is unclear. 5 march? 3 may? Dunno.

[chrsjrcj]

"Someone who tries to buy it comes on TV, pushes the story and hopefully tomorrow you can sell it for a higher price. That's not a currency—that's a ponzi scheme," Serra said.

On the other hand, Serra said, gold has been successful over the years as it stores value.

Gold = ponzi scheme

[cypherdoc]

News hasn't been too bad.  CNN is doing their best to play fair, Al Jazeera isn't doing bad, even Fox is taking a modestly neutral position (shocking, I know), BBC is lols but they're trying, I'd say NPR is doing well...  But CNBC... holy crap they're drooling on themselves.  

the mere fact that all those news agencies are talking about Bitcoin is fantastic.

who thought we'd see this so soon? 

[Spaceman_Spiff]

the mere fact that all those news agencies are talking about Bitcoin is fantastic.

who thought we'd see this so soon? 

+1, never thought I would see bitcoin mentioned on national television this soon.

[dancingnancy]

I would have loved to debate that smug little douche on air. 

[genuise]

How interesting? Just cannot understand whether Narco Dollar or Narco Bitcoin traffickers are meant?

Self contradiction in the headline?

[Mark Oates]

News hasn't been too bad.  CNN is doing their best to play fair, Al Jazeera isn't doing bad, even Fox is taking a modestly neutral position (shocking, I know), BBC is lols but they're trying, I'd say NPR is doing well...  But CNBC... holy crap they're drooling on themselves.  

the mere fact that all those news agencies are talking about Bitcoin is fantastic.

who thought we'd see this so soon?  

Yea, after this week we can safely say that everybody in financial news has heard about Bitcoin, and maybe even actually understands it to some degree.  A huge week for Bitcoin.

Next week will be the reaction, and from there on... that's when we'll see.

Despite all the serious news blunders on Bitcoin, there has finally started to be some legitimate discussion and coverage.  Quite a few journalists are taking their crash-course on bitcoin seriously, and I love watching them have the lightbulb moments.

[MikeH]

yeah I can imagine that the weekend is when most will be doing some thorough research then be ready to roll next week, as long as they don't intend to wait in the MtGox queue

[Kazu]

Who would spend their weekend waiting in the mtgox queue... It only counts business days anyway!