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Author Topic: 2013-05-03 Wired Let’s Cut Through the Bitcoin Hype:A Hacker-Entrepreneur’s Take  (Read 864 times)
BitChick
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May 04, 2013, 03:16:53 PM
Last edit: May 04, 2013, 11:50:48 PM by BitChick
 #1

Edit:  WIRED changed the title from "Bitcoin is Not as Secure, Unregulated or Lucrative as You Might Think"  to "Let’s Cut Through the Bitcoin Hype: A Hacker-Entrepreneur’s Take"   

It did not make sense before so I think someone at Wired made a mistake!

--------------------------------------------------------------

Don't let the title fool you (now changed) this article is very positive about the need for BTC and covers more pros then cons.  I especially liked this quote at the beginning:

Quote
We do have credit cards. But credit cards change money from something anyone can give anyone (peer to peer) to something with a consumer class (client) and a merchant class (server). There are innovative startups that attempt to reverse that, and every time one of these systems pops up — Square, Stripe, Venmo — billions of dollars starts flowing through them.

We wouldn’t get this sort of growth without pent-up demand. But even the new systems find themselves failing — I love Paypal, but is there anyone who hasn’t either had their account suspended, or knows someone who has? I’ve certainly never had a $20 in my pocket go dark for 48 hours.

I had never thought of BTC as being a solution for those with poor credit ratings!  There is a huge amount of people in need for that! Wink  Our credit scores have always been good so I don't feel the pain that some feel in that way, but BTC does solve some of those problems for people for sure!  


http://www.wired.com/opinion/2013/05/lets-cut-through-the-bitcoin-hype/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+wired%2Findex+%28Wired%3A+Top+Stories%29&utm_content=Google+Feedfetcher

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BitChick
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May 04, 2013, 03:18:10 PM
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Sorry.  Just saw this was already posted! 

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May 04, 2013, 05:17:21 PM
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What's with all the Wired articles about bitcoin lately??   I search bitcoin on the front page and I find five occurences.  On the front page!
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May 04, 2013, 07:26:25 PM
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Someone should ask Kaminski what headline he would've chosen... And whether he's pissed off at the one the Wired edito chose  Cheesy
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May 04, 2013, 11:51:36 PM
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Someone should ask Kaminski what headline he would've chosen... And whether he's pissed off at the one the Wired edito chose  Cheesy

They just changed the title.  I think the editors put the wrong one on. Wink  It makes more sense now with the new title. 

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