Bitcoin press hits, notable sources

[Vladimir]

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.

LOL, It takes real skill to get so many things wrong in one sentence.

[k]

http://www.twit.tv/twich128

This Week in Computer Hardware 128: Making Money Off Your GPU Faster Bitcoin
Hosts: Ryan Shrout and Patrick Norton

5 GPUs in 1 box, making Bitcoin faster, new MacBook Air specs, stick with your core 2 duo? and more hardware news.

A podcast from the author (Ryan Shrout) of the recent PC Perspective article on mining and his co-host Patrick Norton. On the TWiT network.

[fabianhjr]

http://santacruz.patch.com/articles/thriving-underground-web-site-anonymously-markets-illegal-drugs
Can't see?, they just deleted it by the looks. Just remember the Internet never forgets: https://webcache.googleusercontent.com/search?q=cache%3Ahttp%3A%2F%2Fsantacruz.patch.com%2Farticles%2Fthriving-underground-web-site-anonymously-markets-illegal-drugs

http://www.spamfighter.com/News-16448-Attackers-Once-Again-Strike-Mac-OS-X-during-June-2011-Kaspersky.htm

Russian fraudsters attempted at earning cash in exchange of literally nothing during June 2011, playing with the BitCoin system of virtual money. They employed a fresh strain of malware to introduce an authentic BitCoin file to compromised PCs so they could spawn the online currency within personal financial accounts.

[ben-abuya]

http://santacruz.patch.com/articles/thriving-underground-web-site-anonymously-markets-illegal-drugs
Can't see?, they just deleted it by the looks. Just remember the Internet never forgets: https://webcache.googleusercontent.com/search?q=cache%3Ahttp%3A%2F%2Fsantacruz.patch.com%2Farticles%2Fthriving-underground-web-site-anonymously-markets-illegal-drugs

Looks like they just changed the title, which unfortunately also changes the link:

http://santacruz.patch.com/articles/thriving-underground-website-anonymously-markets-illegal-drugs

[Anonymous]

http://www.twit.tv/twich128

This Week in Computer Hardware 128: Making Money Off Your GPU Faster Bitcoin
Hosts: Ryan Shrout and Patrick Norton

5 GPUs in 1 box, making Bitcoin faster, new MacBook Air specs, stick with your core 2 duo? and more hardware news.

A podcast from the author (Ryan Shrout) of the recent PC Perspective article on mining and his co-host Patrick Norton. On the TWiT network.

Interestingly they said they will be using bitcoin to test gpu cards going forward as part of their suite of benchmarks.

[ThePok]

http://www.handelsblatt.com/technologie/it-tk/it-internet/mit-bitcoins-zahlen-in-fuenf-schritten/4399234.html


Thats a big Economic Newswebpage in Germany!
Its on the Frontpage to (but on the bottom)

[julz]

http://singularityhub.com/2011/07/17/a-bit-of-coin-the-bitcoin-revolution/

[fabianhjr]

Some Ruxum exchange news: http://techcrunch.com/2011/07/18/ruxum-wall-street-level-security-comes-to-bitcoin-with-new-exchange/
Silk Road: http://ctwatchdog.com/2011/07/17/illegal-drugs-sold-openly-on-untraceable-internet-site
Bitcoin: http://finance.townhall.com/columnists/chrispoindexter/2011/07/18/is_national_currency_obsolete Somehow got some points. Not all. :/

[AtlasONo]

http://money.cnn.com/video/technology/2011/07/18/t_bitcoin_currency.cnnmoney/

This is better than any late night tv advertising

[error]

http://money.cnn.com/video/technology/2011/07/18/t_bitcoin_currency.cnnmoney/

This is better than any late night tv advertising

That was actually not half bad.

[Piper67]

http://money.cnn.com/video/technology/2011/07/18/t_bitcoin_currency.cnnmoney/

This is better than any late night tv advertising

That was actually not half bad.

I wonder when it will air... if it will air

[AtlasONo]

I thought it was great. Let it advertise itself

[MoonShadow]

http://money.cnn.com/video/technology/2011/07/18/t_bitcoin_currency.cnnmoney/

This is better than any late night tv advertising

That was actually not half bad.

I wonder when it will air... if it will air

What phone client was Bruce using in this video?  Mine don't look like that.

[fabianhjr]

He was using a web browser, most likely it is an Android. You can PM and ask him about that.

The CNN article was really good and impartial. There is an upcoming RT segment on Bitcoins http://www.youtube.com/watch?v=pZx0wvkyWbs (Read the description) Lets see if they beat CNN at the news here too.

[julz]

http://www.ottawacitizen.com/technology/Coin+cyber+realm/5121396/story.html

Another pretty reasonable article.
This bit is a little dubious:
"They also say if you want to make payments or send money online it’s easier to set up than PayPal or a credit card, processes transactions faster than either, and all without any fees or paperwork."

[error]

http://www.ottawacitizen.com/technology/Coin+cyber+realm/5121396/story.html

Another pretty reasonable article.
This bit is a little dubious:
"They also say if you want to make payments or send money online it’s easier to set up than PayPal or a credit card, processes transactions faster than either, and all without any fees or paperwork."

Hardly dubious; this is one of Bitcoin's primary strengths. Have you never sent or received bitcoins?!?

[opticbit]

Bitcoin on Gizmodo again, This time its not for the Silk Road.

http://gizmodo.com/5822269/7-tools-to-help-you-survive-the-looming-american-financial-apocalypse/gallery/2

[Alex Beckenham]

Bitcoin on Gizmodo again, This time its not for the Silk Road.

http://gizmodo.com/5822269/7-tools-to-help-you-survive-the-looming-american-financial-apocalypse/gallery/2

Heh, first line:

used mostly by hackers and drug dealers

[julz]

http://www.ottawacitizen.com/technology/Coin+cyber+realm/5121396/story.html

Another pretty reasonable article.
This bit is a little dubious:
"They also say if you want to make payments or send money online it’s easier to set up than PayPal or a credit card, processes transactions faster than either, and all without any fees or paperwork."

Hardly dubious; this is one of Bitcoin's primary strengths. Have you never sent or received bitcoins?!?

"process transactions faster than either" is dubious unless you're completely happy to consider the transaction 'processed' with zero confirmations.
Many merchants won't be. It depends on the amount I guess.

"all without any fees"  - while transactions seem to be accepted with zero fees right now - some people have already had problems with this. Sometimes a zero-fee transaction can appear to stall. This is another reason why 'processes transactions faster' is dubious.

With software improvements, and perhaps special services to allow fast small transactions - then 'faster' could be a reality.
"all without fees" is not likely to be the case long term.

So.. I still say it's *dubious* to claim these properties now. Already there are people on the forums who have expected these properties due to previous such claims, and have professed their disappointment on discovering the reality.

[error]

http://www.ottawacitizen.com/technology/Coin+cyber+realm/5121396/story.html

Another pretty reasonable article.
This bit is a little dubious:
"They also say if you want to make payments or send money online it’s easier to set up than PayPal or a credit card, processes transactions faster than either, and all without any fees or paperwork."

Hardly dubious; this is one of Bitcoin's primary strengths. Have you never sent or received bitcoins?!?

"process transactions faster than either" is dubious unless you're completely happy to consider the transaction 'processed' with zero confirmations.
Many merchants won't be. It depends on the amount I guess.

"all without any fees"  - while transactions seem to be accepted with zero fees right now - some people have already had problems with this. Sometimes a zero-fee transaction can appear to stall. This is another reason why 'processes transactions faster' is dubious.

With software improvements, and perhaps special services to allow fast small transactions - then 'faster' could be a reality.
"all without fees" is not likely to be the case long term.

So.. I still say it's *dubious* to claim these properties now. Already there are people on the forums who have expected these properties due to previous such claims, and have professed their disappointment on discovering the reality.

I suspect merchants will be much happier with having transactions processed in seconds and settled in minutes as opposed to processed in seconds and settled several days later with credit/debit cards, AND with cards having to take the risk of chargebacks for months afterward. I don't know where you get the idea that merchants wouldn't be happy with the speed and safety of Bitcoin transactions compared to accepting credit/debit cards.

It's also probably true that in the future transaction fees will be necessary for many or even most transactions. This problem is far enough in the future that we still have a few years to work it out. Though I suspect the most likely solution will involve the ability for someone other than the sender to pay a fee on a transaction.