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Author Topic: 2013-04-17 Colbert Report - Adam Davidson on Bitcoin [Video Linked]  (Read 4149 times)
Matthew N. Wright
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April 19, 2013, 08:20:25 AM
 #41

I predict that Colbert will mention the change in price that we are currently experiencing, and claim that is was caused by the 'Colbert bump'

If he does, I would consider it good press.


Does that mean that he will be investigated for promoting money laundering and drug trafficking? </sarcasm>

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April 19, 2013, 06:55:28 PM
 #42

Backed by the full faith and credit of YouTube comments - brilliant Smiley
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April 19, 2013, 06:57:30 PM
 #43

If price increase then it is due to the Gabi Bump  Cheesy

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April 19, 2013, 06:58:13 PM
 #44

Backed by the full faith and credit of YouTube comments - brilliant Smiley
lol, yeah, that was my favorite line.

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April 22, 2013, 06:15:47 PM
 #45

To me, this was a disguised thumbs-up for bitcoin from Colbert.

He kept Davidson off-guard the whole time by asking good questions.

This was a complete thumbs-up from Colbert; if anything he was a little apprehensive because it goes too far.

First, he discloses his bias that 'I am heavily invested in something called Bitcoin'.

Dwarves = cypherpunk software tinkers
Mithril = cryptographic protocols which protect against an unlimited amount of violence (TrueCrypt, TOR, etc.)
Durin's Bane, Balroq = the completely free market or crypto-anarchy

He bashes fiat currency and the fractional reserve banking system; the Euro and GameStop.

He made complete fun of the volatility but played the one clip from a Bitcoin proponent that argued this was a long-term trend and not a fly by night fad. So did Colbert buy it early or at the height of the bubble?

Davidson played completely into Colbert's strategy for growing Bitcoin. How many of the 1.9m in Colbert's demographics are going to become Bitcoin users for Silk Road? And Colbert gets a use case of Bitcoin: 'Nobody buys drugs with a credit card man.' Then he lampoons NPR's relevance to the overall economy with 'If Bitcoin gets there (NPR) then we know Bitcoin has made it'.

What is money? Based on faith (subjective value theory).

He needed Davidson on to be the 'negative' side and he probably chose Davidson because he could easily manipulate him into answering the questions the way he wanted them answered.

So, overall, it looks like Colbert is a big Bitcoin proponent and laid out a very compelling case for it to his audience.

I totally agree. Overall it was positive bitcoin publicity

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April 22, 2013, 09:37:01 PM
 #46

I laughed a bit, but agree no need to mention drugs & porn... do we mention those for Euros and other currencies when discussed?

Has it ever been possible to order drugs from your own home without getting caught before by sending pseudo-anonymous internet fun bucks? It's a relevant topic, especially for the Colbert crowd (mostly libertarian college students).

Fair point.

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April 22, 2013, 09:41:10 PM
 #47

Colbert bump to the moôn and back! :-)

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