Bitcoin press hits, notable sources

[Vladimir]

The online currency Bitcoin could alter the way governments enforce the law online.

http://www.themarknews.com/articles/6018-a-bitcoin-for-your-thoughts

Aside from some obvious misconceptions in the intro - it's an interesting interview.

Apparently smart people do get it. Kudos to Jerry and The Mark.

[Piper67]

The online currency Bitcoin could alter the way governments enforce the law online.

http://www.themarknews.com/articles/6018-a-bitcoin-for-your-thoughts

Aside from some obvious misconceptions in the intro - it's an interesting interview.

Apparently smart people do get it. Kudos to Jerry and The Mark.

The Mark is a well-respected, if not that well-known, Canadian site. Their popularity is growing, though. I'd have liked to have seen more mention of the deflationary nature of Bitcoin in the piece... but for all I know Jerry did mention it and it just got cut out.

[fabianhjr]

http://blogs.forbes.com/timothylee/2011/07/14/how-private-are-bitcoin-transactions/

Some non-sense on why it isn't anonymous.

[marcus_of_augustus]

http://blogs.forbes.com/timothylee/2011/07/14/how-private-are-bitcoin-transactions/

Some non-sense on why it isn't anonymous.

... he must have missed the posts on blinding layer possibilities ...

same guy who was loudly claiming bubble http://timothyblee.com/2011/04/18/the-bitcoin-bubble/

and some other BS about "collusion problem" http://timothyblee.com/2011/04/19/bitcoins-collusion-problem/

(maybe it will be time to sell when he says buy ... contra-indicator par excellence)

[elewton]

While I disagree with his conclusions, he is one of the few people very critical of the project who has a non-trivial understanding of Bitcoin.

[jgarzik]

Another NPR podcast today, this one "Virtual Currency: Seed Of Poor Spending Habits?"
 - http://www.npr.org/2011/07/13/137818171

Because yesterday's jabs weren't enough to discourage its audience, NPR went with another approach -- it's so dangerous!  "The technology has outpaced the ethics".

Hit piece ... state mouthpiece opens up the slanted onslaught.

NPR is left / pro-nanny-state government.  NPR editors likely believe that bitcoin is in the same category as (from their thinking) those evil Ron Paul goldbugs, and therefore are Very Wrong.

[Grouver (BtcBalance)]

Found the weusecoins Youtube video on dumpert.nl

http://www.dumpert.nl/mediabase/1597461/1531cce4/geld_van_de_toekomst.html

One of the biggest video websites in The Netherlands.

[SpaceLord]

A BitCoin For Your Thoughts - The Mark - Nice overview.

[fabianhjr]

New forebs article. He is being more gentile with his evaluation of privacy.

http://blogs.forbes.com/timothylee/2011/07/14/advanced-bitcoin-anonymity/

Didn't knew I could select addresses to send from. Can anyone confirm on this? :/

[fabianhjr]

https://activerhetoric.wordpress.com/2011/07/14/bitcoin-more-covert-than-it-looks/

[julz]

https://activerhetoric.wordpress.com/2011/07/14/bitcoin-more-covert-than-it-looks/

This is one of the most thought provoking articles I've seen on bitcoin in a while.
I hadn't thought of it in terms of opening up direct programmatic manipulation of money.

[wareen]

The current edition of Germany's monthly computer magazine PC Praxis has a 3 page article about Bitcoin.

PC Praxis is a somewhat entry-level mainstream computer magazine with about 790.000 readers as of 2009.

The article is factually accurate and gives a rather balanced view overall - it points out the speculative nature as well as the great potential for a possible digital world currency.

The next issue of the magazine will contain a 6 page tutorial on mining, security and shopping. Good news I guess.

Thanks to forum user mipl for making the article available as PDF on his site http://www.BitcoinNEWS.org.

[fabianhjr]

https://activerhetoric.wordpress.com/2011/07/14/bitcoin-more-covert-than-it-looks/

This is one of the most thought provoking articles I've seen on bitcoin in a while.
I hadn't thought of it in terms of opening up direct programmatic manipulation of money.

Indeed, though I wished it was more mainstream. He is way better reporter than many of the big corps.

http://reason.com/blog/2011/07/14/bitcoin-not-so-private-after-a
http://www.abc15.com/dpp/news/region_phoenix_metro/central_phoenix/heroin-a-click-away-one-website-sells-illegal-drugs-to-be-shipped-to-your-home

[Grouver (BtcBalance)]

Found the weusecoins Youtube video on dumpert.nl

http://www.dumpert.nl/mediabase/1597461/1531cce4/geld_van_de_toekomst.html

One of the biggest video websites in The Netherlands.

Since the reactions on the video are so incredibly dumb and stupid wich makes me angry I want to throw out something here.

To give a short summaray of things people are generally saying about Bitcoin.

• Bitcoin is hacked, its super unsafe with all the hackers around!
• Bitcoin is a ponzi scheme!
• Bitcoin is not gonna work cause of its hyper inflation.
• You tell that the goverment that I want to pay my taxes in Bitcoins. FAIL

Even some guy said:
"You explain Bitcoin to the pimp that I want to pay in Bitcoins. Lets see if the game is still as fun as you think it is now."

80%~ of the people responding on this video are the most average joe's you can find.
Clearly Bitcoin is not mainstream ready since its way to hard to explain to the majority of the people.
Also the whole mtGox hack thingy was a piece of negative publicty at the end. Now every average Joe thinks Bitcoin got hacked since the mainstream media made the majority believe Bitcoin was hacked.
I mean to begin with the fact 90%~ of all people don't even know how the current system works.
How the hack can you explain a random individual that Bitcoin is better then the current system and this individual should use Bitcoin for his payments?

[S3052]

+1
I could not agree more with you.
this all comes back to the organizational structure of bitcoin:
No unified leadership

No overall commercial leader / general manager
no marketing leader
no pr / er leader
no legal advisor
a technical leader Gavin who is doing great, including good interviews

But the whole thing is weak. This comes also becuse of the decentralized nature of bitcoin.

what is needed is a company or non profit organization (ie foundation) that drives this project forward in a structured way

[kiba]

+1
I could not agree more with you.
this all comes back to the organizational structure of bitcoin:
No unified leadership

No overall commercial leader / general manager
no marketing leader
no pr / er leader
no legal advisor
a technical leader Gavin who is doing great, including good interviews

But the whole thing is weak. This comes also becuse of the decentralized nature of bitcoin.

what is needed is a company or non profit organization (ie foundation) that drives this project forward in a structured way

I consider decentralization as its greatest strength and asset.

[GoWest]

First Vietnamese mention that I've seen.  http://vnexpress.net/gl/kinh-doanh/kinh-nghiem/2011/07/10-y-tuong-kinh-doanh-ky-quac-nhat-the-gioi

The translation says that Bitcoin is the same as "flooz."  I had to google "flooz," and laughed at the comparison once I found out what is was: http://en.wikipedia.org/wiki/Flooz.com

Interestingly, the Vietnamese should be highly interested in acquiring Bitcoin as a hedge against their ever-depreciating currency.

[SpaceLord]

Thriving Underground Website Anonymously Markets Illegal Drugs - Santa Cruz Patch.com - A few paragraphs on Bitcoin.

[S3052]

+1
I could not agree more with you.
this all comes back to the organizational structure of bitcoin:
No unified leadership

No overall commercial leader / general manager
no marketing leader
no pr / er leader
no legal advisor
a technical leader Gavin who is doing great, including good interviews

But the whole thing is weak. This comes also becuse of the decentralized nature of bitcoin.

what is needed is a company or non profit organization (ie foundation) that drives this project forward in a structured way

I consider decentralization as its greatest strength and asset.

Yes, I agree that the decentralized nature of the bitcoin TECHNOLOGY is the greatest asset and strength. 

At the sme time, COMMERCIALLY there needs to be much more synchronized and stronger PR/ER/Marketing efforts to stem against the big negative government and competitive pressure

[Alex Beckenham]

Aside from some obvious misconceptions in the intro

Yeah jeez, he (the interviewer) doesn't waste any time getting things wrong does he:

The currency is already plagued by security concerns. Its value recently underwent a near collapse, which, as it turns out, was caused by fake Bitcoins flooding the market.