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Author Topic: Bitcoin press hits, notable sources  (Read 406785 times)
proudhon
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October 18, 2011, 03:14:56 PM
 #1501

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Bitcoin Value Drops Under $3 (€2) After Numerous Hacking Operations

Eduard Kovacs
2011-10-18

http://news.softpedia.com/news/Bitcoin-Value-Drops-Under-3-2-After-Numerous-Hacking-Operations-228299.shtml

The whole world will soon be snickering at bitcoin as more media outlets report on the recent drop.
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k
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October 18, 2011, 06:41:15 PM
 #1502

Another one on the price drop.
http://www.guardian.co.uk/technology/2011/oct/18/bitcoin-value-crash-cryptocurrency

Quote
Bitcoin value crashes below cost of production as broader use stutters

Hackers' virtual currency and favoured means of exchange drops from $33 high in August to below $2 as cost of 'mining' coins falls below real-world exchange rate

Charles Arthur
guardian.co.uk,    Tuesday 18 October 2011 17.27 BST
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October 18, 2011, 06:48:02 PM
 #1503

Wow, plenty of press hits today.

http://arstechnica.com/tech-policy/news/2011/10/bitcoin-implodes-down-more-than-90-percent-from-june-peak.ars
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Bitcoin implodes, falls more than 90 percent from June peak
By Timothy B. Lee
julz
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October 18, 2011, 06:53:27 PM
 #1504

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The End of Bitcoin Part II

Tim Worstall
2011-10-18

http://www.forbes.com/sites/timworstall/2011/10/18/the-end-of-bitcoin-part-ii/

"So I’ll stick with my earlier prediction: Bitcoin isn’t going anywhere very much except into that dustbin of interesting, tried but failed ideas."


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October 18, 2011, 07:15:33 PM
 #1505

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Bitcoin prices plummeting, costs more to mine the digital currency

MIKE FLACY
2011-10-17

http://www.digitaltrends.com/web/bitcoin-prices-plummeting-costs-more-to-mine-the-digital-currency/

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proudhon
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October 18, 2011, 07:17:45 PM
 #1506

There we go.  If it wasn't already, today bitcoin is the laughing stock of the tech world.
BitterTea
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October 18, 2011, 07:45:46 PM
 #1507

There we go.  If it wasn't already, today bitcoin is the laughing stock of the tech world.

Only because they are operating under the false premise that it was meant to have a stable exchange rate against the dollar.

Anyway, when was it anything other than a laughing stock or "omg u can get rich by mining!"?
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October 18, 2011, 09:24:42 PM
 #1508

Not sure but think this was just published today.
It's a feature mainly about the conference in New York (when was that again, seems like an age).

http://spectrum.ieee.org/computing/networks/the-worlds-first-bitcoin-conference/1
Quote
The World's First Bitcoin Conference
True believers and profiteers meet in the flesh for a two-year checkup on the global cryptocurrency
By MORGEN E. PECK  /  OCTOBER 2011
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October 19, 2011, 02:48:47 AM
 #1509

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Bitcoin prices plummeting, costs more to mine the digital currency

MIKE FLACY
2011-10-17

http://www.digitaltrends.com/web/bitcoin-prices-plummeting-costs-more-to-mine-the-digital-currency/

How can this be a notable source.   they dont even spell as well as I do.

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October 19, 2011, 03:04:35 AM
 #1510

Another one on the price drop.
http://www.guardian.co.uk/technology/2011/oct/18/bitcoin-value-crash-cryptocurrency

Quote
Bitcoin value crashes below cost of production as broader use stutters

Hackers' virtual currency and favoured means of exchange drops from $33 high in August to below $2 as cost of 'mining' coins falls below real-world exchange rate

Charles Arthur
guardian.co.uk,    Tuesday 18 October 2011 17.27 BST

apparently $2.31 is 'almost parity'... how to these journalists even get jobs?
BitterTea
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October 19, 2011, 03:17:16 AM
 #1511

Another one on the price drop.
http://www.guardian.co.uk/technology/2011/oct/18/bitcoin-value-crash-cryptocurrency

Quote
Bitcoin value crashes below cost of production as broader use stutters

Hackers' virtual currency and favoured means of exchange drops from $33 high in August to below $2 as cost of 'mining' coins falls below real-world exchange rate

Charles Arthur
guardian.co.uk,    Tuesday 18 October 2011 17.27 BST

apparently $2.31 is 'almost parity'... how to these journalists even get jobs?


Not to mention that the "cost of production" varies based on the hardware used and cost of electricity, there's not one static cost.
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October 19, 2011, 06:14:30 AM
 #1512

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Bitcoin prices plummeting, costs more to mine the digital currency

MIKE FLACY
2011-10-17

http://www.digitaltrends.com/web/bitcoin-prices-plummeting-costs-more-to-mine-the-digital-currency/

How can this be a notable source.   they dont even spell as well as I do.

It has a reasonable alexa rank, and the article is showing up at yahoo:  http://news.yahoo.com/bitcoin-prices-plummeting-costs-more-mine-digital-currency-052042461.html
Notable doesn't equal 'quality' I guess, but I didn't see the spelling errors you're talking about.


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October 19, 2011, 02:36:17 PM
 #1513


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netrin
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October 19, 2011, 05:27:53 PM
 #1514

One of the first times I've found slashdot commentary useful. I've taken a complaint and spun a thread to discuss a bitcoin as a unit of computational work.

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October 19, 2011, 10:58:21 PM
 #1515

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Who Wants to Gamble With Bitcoins on Facebook?

Louis Bedigian
2011-10-19


http://www.benzinga.com/tech/11/10/1997687/who-wants-to-gamble-with-bitcoins-on-facebook

"The open-source virtual currency could be used as a gambling platform on the world's leading social network.
That is, assuming Crowdpark Co-Founder and Chief Product Officer Ingo Hinterding has his way."

"Earlier today, Crowdpark announced that it had received $6 million in new funding from Target Partners and Earlybird Venture Capital."


Interesting.. but I don't see how they'd get this past facebook's PR team let alone various government regulators.

So apparently crowdpark was founded in 2009 and their facebook product 'Bet Tycoon' has "around half a million monthly active users" (source: AppData.com)
They also intend to target Android & IOS.

I'm skeptical that they'll be able to use any form of virtual currency which is convertible to national currencies - but even if they don't manage to bring the bitcoin aspect to facebook - the fact that they're keen on bitcoin gives hope they may provide other platforms/games which use it.


EDIT: Actually - the quote from their founder just says "Personally, I would love to do that, I find the whole concept around Bitcoin [to be] very, very interesting"..   that's not really an endorsement or statement of the business direction.  I suspect it may be the benzinga writer is more the one who is most keen on bitcoin :/









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October 20, 2011, 08:18:33 AM
 #1516

Bitcoin spotted on Occupy Amsterdam.


http://www.bitcoinspot.nl/nieuws-algemeen/bitcoin-gespot-op-occupy-amsterdam.html

cbeast
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Let's talk governance, lipstick, and pigs.


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October 20, 2011, 11:58:28 AM
 #1517


It would be more interesting if the light was red instead of yellow.  Cheesy

(couldn't let that one slip by)

Any significantly advanced cryptocurrency is indistinguishable from Ponzi Tulips.
genjix
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October 20, 2011, 03:46:24 PM
 #1518

I call your sign and raise you a banner,



My friend Jaromil was at Occupy Amsterdam with that Smiley
herzmeister
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October 20, 2011, 03:54:33 PM
 #1519

Not very recognizable.

Looks like a football club.

(which brings me to an idea...) Cool

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October 20, 2011, 06:42:06 PM
 #1520

Massive press indeed. I think this is a classic case of "any publicity is good publicity". Bitcoin can only benefit from this. These articles will get some people to either invest in Bitcoins when the price bottoms or use and develop Bitcoin in some way, which is more desirable. We do not need another price bubble, what we need is development and a price increase that's based on it.

Google trends for Bitcoin hasn't been this high for a long time: http://www.google.com/trends?q=bitcoin&ctab=0&geo=all&date=mtd&sort=0

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