Bitcoin press hits, notable sources

[$tr3tch]

Im new here and I found out about this from a link on www.whatreallyhappened.com I think this is going to change the world and im excited about becoming part of the community.

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[em3rgentOrdr]

Here's Gavin talking to ABC Radio's excellent PM Show in Australia.

http://www.abc.net.au/pm/content/2011/s3240179.htm

GAVIN ADRESEN: Bitcoin is really a pure money. It's a store of value and a means of exchange and that's all it is. It's almost a plutonic ideal of what money is, in that there is nothing backing it beyond the fact that it's useful as a money.

+1.  Very insightful.  Indeed, bitcoin is the plutonic platonic ideal of what money is...

correction: I just realized that I just copied abc.net.au misspelling of "platonic"...

[ocharry]

Here's Gavin talking to ABC Radio's excellent PM Show in Australia.

http://www.abc.net.au/pm/content/2011/s3240179.htm

GAVIN ADRESEN: Bitcoin is really a pure money. It's a store of value and a means of exchange and that's all it is. It's almost a plutonic ideal of what money is, in that there is nothing backing it beyond the fact that it's useful as a money.

+1.  Very insightful.  Indeed, bitcoin is the plutonic platonic ideal of what money is...

correction: I just realized that I just copied abc.net.au misspelling of "platonic"...

Time to fund nuclear war with BTC!!!

[Drifter]

http://twitter.com/wikileaks/statuses/78906603948093440

Wikileaks approves of Bitcoin and Namecoin

[Crs]

Namecoin and Bitcoin will be revolutionary http://is.gd/8zKOTT see "Orwell's Dictum" http://is.gd/2hsOWh
Source: http://twitter.com/#!/wikileaks

[Drifter]

Haven't seen this posted but enjoyed the article.

http://open.salon.com/blog/c4ss/2011/06/06/bitcoin_with_enemies_like_schumer_who_needs_friends

[majamalu]

http://dailyreckoning.com/the-war-on-digital-currency/

[randomguy7]

http://www.tribbleagency.com/?p=8070

[molecular]

"Senators draw a bead on BitCoin" - http://www.theregister.co.uk/2011/06/08/bitcoin_under_attack/

I like the subtitle: "Shock: people buy drugs with currency"

that subtitle is actually extremely funny and also hits the nail on the head. could've stopped right there.

[dacoinminster]

Digital currency makes cocaine and heroin deliveries as easy as Domino's - Senators target narcotics-supply website and the Bitcoins used to pay for drug deliveries

http://gcn.com/articles/2011/06/09/bitcoins-digital-currency-silk-road-charles-schumer-joe-manchin.aspx

[dacoinminster]

http://www.tribbleagency.com/?p=8070

The link above is worth commenting on. The title of the post is "US Senate drafting anti Bitcoin law", and the text was obviously written by someone in a big hurry or who is not a native English speaker. They make some outrageous claims:

Democratic Senators Charles Schumer of New York and Joe Manchin of West Virginia are in the process of drafting an anti-bitcoin law that would make trading or using the bitcoin currency illegal in the United States.

The draconian law (from what we have seen) would make ANY trades in the currency illegal. They are stating that the currency is constitutional.

They are citing that congress only has the right to print money.

   U.S. Constitution – Article 1 Section 8
    To coin Money, regulate the Value thereof, and of foreign Coin, and fix the Standard of Weights and Measures;

Hence the argument is that bitcoins are already illegal.

Regardless the currency is under attack. http://Inflation.Me has become the central rallying point to save the online currency. The site is accepting bitcoin donations..

The whole problem with bitcoins is that they are out of the control of the Federal Reserve, this most likely has no where to go but bad.

The article offers no proof of these claims, and appears designed (IMHO) to drive down bitcoin prices.

Amusingly, the http://inflation.me link was useful enough to provide a link to another bitcoin article:

The Future of Money Is Online
http://bigthink.com/ideas/38809

[dacoinminster]

This has been posted in a lot of other threads, but I haven't seen it in this thread:

Senator Schumer Says Bitcoin Is Money Laundering
from the apparently,-he's-unfamiliar-with-cash dept

http://www.techdirt.com/articles/20110605/22322814558/senator-schumer-says-bitcoin-is-money-laundering.shtml

I love that subtitle!

[stic.man]

yeah these forums are getting a little too spammy already, it's a shame because there are a slew of really insightful people on here.

[JeanLucPicard]

This has been posted in a lot of other threads, but I haven't seen it in this thread:

Senator Schumer Says Bitcoin Is Money Laundering
from the apparently,-he's-unfamiliar-with-cash dept

http://www.techdirt.com/articles/20110605/22322814558/senator-schumer-says-bitcoin-is-money-laundering.shtml

I love that subtitle!

Not like I expect this to happen - but if Schumer was to see how Congress/Federal Reserve/our banks have caused the rise of an "illegal" hard digital currency like BitCoin, by pointing the finger at the man in the mirror rather than at someone else, perhaps he might have a different idea about BitCoin and its potential benefit...

So here's the deal Chucky.... you can crucify BitCoin.... but you won't kill it.

[technotarian]

Here's Gavin talking to ABC Radio's excellent PM Show in Australia.

http://www.abc.net.au/pm/content/2011/s3240179.htm

GAVIN ADRESEN: Bitcoin is really a pure money. It's a store of value and a means of exchange and that's all it is. It's almost a plutonic ideal of what money is, in that there is nothing backing it beyond the fact that it's useful as a money.

+1.  Very insightful.  Indeed, bitcoin is the plutonic platonic ideal of what money is...

correction: I just realized that I just copied abc.net.au misspelling of "platonic"...

Not quite. The platonic ideal of money would keep private transactions between individuals private NOT make them explicitly a matter of public record.

Very big difference.

[JeanLucPicard]

Here's Gavin talking to ABC Radio's excellent PM Show in Australia.

http://www.abc.net.au/pm/content/2011/s3240179.htm

GAVIN ADRESEN: Bitcoin is really a pure money. It's a store of value and a means of exchange and that's all it is. It's almost a plutonic ideal of what money is, in that there is nothing backing it beyond the fact that it's useful as a money.

+1.  Very insightful.  Indeed, bitcoin is the plutonic platonic ideal of what money is...

correction: I just realized that I just copied abc.net.au misspelling of "platonic"...

Not quite. The platonic ideal of money would keep private transactions between individuals private NOT make them explicitly a matter of public record.

Very big difference.

What about transactions that are criminal in nature, designed to deceive and rip off people?

I'm not necessarily talking about paying for drugs, hookers or extra-marrital love children here - all of which is a sin solely against God more than anything else (morality), but what about pure larceny and deception between humans (ethics/legality)?

Are you sure you want to keep ALL transactions private? That's the dubiousness of BitCoin's benefit.

There's nothing WRONG with Bitcoin in and of itself - much as there is nothing wrong with money or with sex in and of itself - but rather than with the DESIRE of any one of these items/activities in order to compensate for something that is missing at the core of all humanity.  What do you think that is? Cause once you have enough money to live and a partner to have sex with - what more do you really need that money or sex or drugs can fill?

[Nesetalis]

http://www.rawstory.com/rs/2011/06/09/senators-call-for-crackdown-on-bitcoin-as-drug-traffickers-take-hold/

huzzah huzzah, the raw the raw.

[LightRider]

http://www.marcstevens.net/articles/469-gangsters-seek-crackdown-on-bitcoin-good-luck.html

Marc responds.

[yossarian]

I just stumbled upon this "press release":

http://www.newsropa.de/index.php?id=115&tx_ttnews[tt_news]=16307&tx_ttnews[backPid]=7&cHash=e445c7eebc

It is poorly written, but imho there's some new information also.

It says that on June 14th/15th, Bitcoin itself [sic!] will talk about its strategy and backgrounds. A member of the main developers will have a Q&A at the "2b AHEAD Zukunftskongress" (future conference) in Brunswick, Germany.

So who is the developer that is gonna talk at the conference? I have no idea about the national impact of the conference, but the site makes it sound like this could likely cause some further media coverage in Germany.

[FreeMoney]

I just stumbled upon this "press release":

http://www.newsropa.de/index.php?id=115&tx_ttnews[tt_news]=16307&tx_ttnews[backPid]=7&cHash=e445c7eebc

It is poorly written, but imho there's some new information also.

It says that on June 14th/15th, Bitcoin itself [sic!] will talk about its strategy and backgrounds. A member of the main developers will have a Q&A at the "2b AHEAD Zukunftskongress" (future conference) in Brunswick, Germany.

So who is the developer that is gonna talk at the conference? I have no idea about the national impact of the conference, but the site makes it sound like this could likely cause some further media coverage in Germany.

Wow! Will it be the Bitcoin software answering questions or just a pile of coins?! This is amazing!