Bitcoin press hits, notable sources

[julz]

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/

[proudhon]

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

[BitterTea]

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!"?

[k]

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

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

[jjiimm_64]

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.

[payb.tc]

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

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]

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

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.

[julz]

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.

[julz]

Value of Bitcoin "Crashes"

http://slashdot.org/story/11/10/19/136259/value-of-bitcoin-crashes

[netrin]

Value of Bitcoin "Crashes"

http://slashdot.org/story/11/10/19/136259/value-of-bitcoin-crashes

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.

[julz]

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 :/

[Grouver (BtcBalance)]

Bitcoin spotted on Occupy Amsterdam.


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

[cbeast]

Bitcoin spotted on Occupy Amsterdam.

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

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

(couldn't let that one slip by)

[genjix]

I call your sign and raise you a banner,



My friend Jaromil was at Occupy Amsterdam with that

[herzmeister]

Not very recognizable.

Looks like a football club.

(which brings me to an idea...)

[Technomage]

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

[molecular]

I call your sign and raise you a banner,



My friend Jaromil was at Occupy Amsterdam with that

Awesome shot, also because it also contains Max Keiser's buy silver campaign.

[julz]

Louisiana Makes It Illegal To Use Cash For Secondhand Sales
from the the-other-side-of-the-bitcoin dept

2011-10-19

http://www.techdirt.com/articles/20111019/17424316421/louisiana-makes-it-illegal-to-use-cash-secondhand-sales.shtml


"You can understand why law enforcement wants that, but just because law enforcement wants details of your private transactions, it doesn't mean you should be blocked from using cash. And people wonder why there was so much interest in Bitcoin (even if Bitcoin itself is rather flawed)."

discussion thread here: https://bitcointalk.org/index.php?topic=49167.0

[julz]

Virtual currencies
The bursting of the Bitcoin bubble

2011-10-21

http://www.economist.com/blogs/babbage/2011/10/virtual-currencies

In May Rick Falkvinge, the founder of the Pirate Party in Sweden, famously blogged that he was converting all of his Swedish-crown savings to Bitcoins. Five months on, he tweeted that after “hoarding” Bitcoins until they hit $18 or so, he had moved to a “buy-and-sell pattern”. Mostly sell, it seems. “I currently don't hold any,” he admitted.

...

Those who have remained faithful to Bitcoin claim to be unfazed by such wild market swings. Volatility, they argue, is hardly surprising for a relatively inchoate, newfangled currency, especially against the backdrop of economic turmoil.
Bitcoin's stumble was not, then, entirely unanticipated. But it probably wasn't hoped for, either.

[Alphonso Bedoya]

Here's a blog post I found by searching for "maple syrup bitcoins" ...  wtf?
You will understand my consternation when you read it, nothing to do with maple syrup.

This guy REALLY doesn't like banks.

New Decentralized Currency Stimulating Underground Barter Economy

http://www.fourwinds10.net/siterun_data/business/currency/news.php?q=1307459423