Bitcoin press hits, notable sources

[no to the gold cult]

[Cusipzzz]

Tyler is at it again...Some good responses in the comments so far, add in your .02 BTC !

http://marginalrevolution.com/marginalrevolution/2011/04/is-bitcoin-a-bubble.html

[em3rgentOrdr]

http://media.witcoin.com/p/1365/The-GAVINATOR

Omfg rofl!  And the carrot!!!

[Mahkul]

http://media.witcoin.com/p/1365/The-GAVINATOR

Omfg rofl!  And the carrot!!!

Would also be nice if the heat was coming from some miner's GPUs The carrot ROCKS.

[The Script]

http://media.witcoin.com/p/1365/The-GAVINATOR

This is fucking funny.  I burst out laughing when I saw the carrot in his mouth.  From now on, in this forum, whenever someone writes a post and attempts to make an argument which is patently illogical I'm just going to say:

USE CARROTS!

That should be a sufficient reply.

[xf2_org]

Gentlemen (and ladies)...  please take this 4chan picture crap to another thread.

This generates useless noise in a thread whose purpose is to collect bitcoin press links.

[allinvain]

bitcoin needs a 4chan meme...that will increase bitcoin popularity 100 fold...

[MoonShadow]

bitcoin needs a 4chan meme...that will increase bitcoin popularity 100 fold...

Already did.

[N12]

Mentioned on CNN blog: http://globalpublicsquare.blogs.cnn.com/2011/04/29/4-trends-shaping-the-emerging-superfluid-economy/

[Prze_koles]

We should put all those press hits from TIME and Forbes on Bitcoin's home page. It'd increase our credibility alot.

[allinvain]

Perhaps those two press mentions explain the recent huge rally in the BTC/USD exchange rate....suffice it to say I'm happy as a carrot in the ground Don't use me!

[kiba]

Perhaps those two press mentions explain the recent huge rally in the BTC/USD exchange rate....suffice it to say I'm happy as a carrot in the ground Don't use me!

Correlation != Causation.

[allinvain]

Perhaps those two press mentions explain the recent huge rally in the BTC/USD exchange rate....suffice it to say I'm happy as a carrot in the ground Don't use me!

Correlation != Causation.

Perhaps I should've underlined the word perhaps :p

[xc]

Brief mention in Washington Post Opinion (second page):

"While there have already been some attempts to create a true electronic currency, such as Bitcoin, these have had difficulty getting off the ground. It is not hard to see why. If it is possible to imagine one private electronic currency, then it’s possible to imagine several, and there would be no guarantee that other people would accept the particular electronic money you use."

http://www.washingtonpost.com/opinions/imagining-a-world-without-the-dollar/2011/04/26/AFjawKEF_story_1.html

[grondilu]

"If it is possible to imagine one private electronic currency, then it’s possible to imagine several, and there would be no guarantee that other people would accept the particular electronic money you use."

IMO this is an interesting issue that hasn't been addressed enough on this forum.

To me, there is no guarantee that other people would accept any currency anyway, unless they are forced to.  Money should not get its value from coercion, but social acceptance.   Moreover, even in a word with many competing cryptocurrencies, commercial transactions with anyone are possible, as long as there is an efficient currency exchange market.

[eMansipater]

"If it is possible to imagine one private electronic currency, then it’s possible to imagine several, and there would be no guarantee that other people would accept the particular electronic money you use."

IMO this is an interesting issue that hasn't been addressed enough on this forum.

To me, there is no guarantee that other people would accept any currency anyway, unless they are forced to.  Money should not get its value from coercion, but social acceptance.   Moreover, even in a world with many competing cryptocurrencies, commercial transactions with anyone are possible, as long as there is an efficient currency exchange market.

Yes but in the BitCoin model (which is the first to solve the double-spend problem without relying on a trusted entity) there is a massive first-mover advantage because everyone using the same blockchain gives everyone increased security compared to multiple blockchains.  Without specific differentiating features it would be foolish to use anything but the most secure cryptocurrency--as a result electronic currencies will experience social selection amongst their features, but not arbitrary proliferation.

So in answer to the original quote there is indeed the best possible guarantee--a mathematical one.

[Mahkul]

"If it is possible to imagine one private electronic currency, then it’s possible to imagine several, and there would be no guarantee that other people would accept the particular electronic money you use."

IMO this is an interesting issue that hasn't been addressed enough on this forum.

To me, there is no guarantee that other people would accept any currency anyway, unless they are forced to.  Money should not get its value from coercion, but social acceptance.   Moreover, even in a world with many competing cryptocurrencies, commercial transactions with anyone are possible, as long as there is an efficient currency exchange market.

Yes but in the BitCoin model (which is the first to solve the double-spend problem without relying on a trusted entity) there is a massive first-mover advantage because everyone using the same blockchain gives everyone increased security compared to multiple blockchains.  Without specific differentiating features it would be foolish to use anything but the most secure cryptocurrency--as a result electronic currencies will experience social selection amongst their features, but not arbitrary proliferation.

So in answer to the original quote there is indeed the best possible guarantee--a mathematical one.

I think in the past before the first banks were formed people were not forced to use IOUs? They chose to do so for convenience, I think?

We are going OT with this.

[k]

nice mention in the springwise blog today
http://www.springwise.com/financial_services/bitcoin/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+springwise+%28Springwise%29

also mentioned in the article is a site called currencyfair www.currencyfair.com - would be great if a site like that included bitcoin. Have used something similar called transferwise (only euro-gbp) and it works great.

[Anonymous]

http://thenextweb.com/apps/2011/05/03/blank-the-bank-and-make-direct-peer-to-peer-payments-with-bitcoin/?awesm=tnw.to_185J4&utm_content=api&utm_medium=tnw.to-other&utm_source=twitter.com

The Next Web I think picked up the story from springwise .

[Anonymous]

nice mention in the springwise blog today
http://www.springwise.com/financial_services/bitcoin/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+springwise+%28Springwise%29

also mentioned in the article is a site called currencyfair www.currencyfair.com - would be great if a site like that included bitcoin. Have used something similar called transferwise (only euro-gbp) and it works great.

Currencyfair is a great site. When I signed up for an account there i asked them to accept bitcoin but they havent decided yet.