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Author Topic: Bitcoin press hits, notable sources  (Read 406837 times)
k
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June 13, 2011, 08:40:15 PM
 #721

The Economist - "Virtual curreny:Bits and bob"

http://www.economist.com/blogs/babbage/2011/06/virtual-currency

this is the one i've been waiting for. huge.
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June 13, 2011, 08:53:00 PM
 #722

The Economist - "Virtual curreny:Bits and bob"

http://www.economist.com/blogs/babbage/2011/06/virtual-currency

this is the one i've been waiting for. huge.


Indeed! The problem with The Economist is that they often a few years ahead of the curve. They've been calling housing bubble burst for a while, since way before it has happened. If history repeats itself it is a few years before bitcoin hits 1 mil US$ parity  Wink

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Astro
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June 13, 2011, 08:55:05 PM
 #723

The Economist - "Virtual curreny:Bits and bob"

http://www.economist.com/blogs/babbage/2011/06/virtual-currency

This article is excellent.
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June 13, 2011, 08:58:10 PM
 #724


I think he swung widely and missed at the end...

Quote
The difference is that established fiat currencies—ones where the bills and coins, or their digital versions, get their value by dint of regulation or law—are underwritten by the state which is, in principle at least, answerable to its citizens. BitCoin, on the other hand, is a community currency. It requires self-policing on the part of its users. To some, this is a feature, not a bug. But, in the grand scheme of things, the necessary open-source engagement remains a niche pursuit. Most people would rather devolve this sort of responsibility to the authorities. Until this mindset changes, BitCoin will be no rival to real-world dosh.

Does he not understand that with Bitcoin, people can choose who to trust regarding the software? Perhaps there is no such service today, but there could a marketplace for code auditing to which users could subscribe. Also, there will eventually be a multitude of Bitcoin clients, and users could use those from developers they trust.
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June 13, 2011, 09:11:38 PM
 #725

I think he swung widely and missed at the end...

Of course, you're right, but I still think this is about as good as it's going to get in the established media.  This article could've gone very very badly for us considering all of the current trash-talk going on.  I'll take it.
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June 13, 2011, 09:26:32 PM
 #726

The Economist - "Virtual curreny:Bits and bob"

http://www.economist.com/blogs/babbage/2011/06/virtual-currency

That is the best description of bitcoins I have ever seen in mainstream media. I can't believe how deep they went into the cryptography behind it. Either the author understands the concepts very well, or he knows somebody who does.

On the other hand, even with their presumably very intelligent readership, a lot of people are going to have a glazed look in their eye after trying to read all that.


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June 13, 2011, 09:30:02 PM
 #727

The Economist - "Virtual curreny:Bits and bob"

http://www.economist.com/blogs/babbage/2011/06/virtual-currency
Wow, incredible article.  Very detailed, yet keeping with language that hopefully most people can understand.  I will definitely be using this one as a reference in the future.
Neyo
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June 13, 2011, 09:44:45 PM
 #728

NPR - "Bitcoin Goes Haywire"

http://www.npr.org/blogs/money/2011/06/13/137157430/bitcoin-goes-haywire

"We're working on a bitcoin podcast, but I wanted to post something now, because the exchange rate between dollars and bitcoins has been going haywire lately."
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June 13, 2011, 10:02:02 PM
 #729

Benzinga - "Bitcoin: The Ultimate Free Market Currency"

http://www.benzinga.com/trading-ideas/long-ideas/11/06/1163923/bitcoin-the-ultimate-free-market-currency
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June 13, 2011, 10:29:07 PM
 #730

Bloomberg News contacted me today asking for a better photo of the Bitcoin Billboard for a story they are doing.
They also asked for the contact details for whoever runs www.bitcoinblogger.com
Does anyone have that?
I will pass it along.

roger@memorydealers.com

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June 13, 2011, 10:39:30 PM
 #731

"We're working on a bitcoin podcast, but I wanted to post something now, because the exchange rate between dollars and bitcoins has been going haywire lately."
Can't really argue with that statement....

Bloomberg News contacted me today asking for a better photo of the Bitcoin Billboard for a story they are doing.
They also asked for the contact details for whoever runs www.bitcoinblogger.com
Does anyone have that?
I will pass it along.

roger@memorydealers.com
Wow, that could be huge.
Montpelerin
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June 13, 2011, 11:53:23 PM
 #732



Podcast starts with some pretty good coverage of Anonymous vs. Bernanke/FED and moves into some pretty good bitcoin coverage:

http://www.cnet.com/8301-19709_1-20070866-10/buzz-out-loud-1488-sharks-with-frickin-lasers-on-their-heads-podcast/?tag=mncol;title
torbank
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June 14, 2011, 12:44:56 AM
 #733

The Economist - "Virtual curreny:Bits and bob"

http://www.economist.com/blogs/babbage/2011/06/virtual-currency

this is the one i've been waiting for. huge.

Yes, Bitcoin is gaining real traction now.
Nescio
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June 14, 2011, 07:32:56 AM
 #734

The Guardian writes "Bitcoin: the hacker currency that's taking over the web"

http://www.guardian.co.uk/technology/2011/jun/12/bitcoin-online-currency-us-government

If you look at the 'Related information' section beneath:

"IMF boss calls for global currency
10 Feb 2011
Dominique Strauss-Kahn, head of the International Monetary Fund, thinks a new world currency would calm economic instability and curb the dollar's power"

and

"World Bank head calls for debate on new gold standard
8 Nov 2010
Robert Zoellick argues more co-operative monetary system would increase investor confidence and stimulate growth"

Oh the irony Cheesy
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June 14, 2011, 07:52:37 AM
 #735

Oh the irony Cheesy

Meh. While Bitcoin is technically perfect for such an application, being perfectly nation-neutral as it is, at present it's far too nascent. There are still around 15 million bitcoins to be issued. The market has been going through wild fluctuations. While I would love to see it adopted as an international monetary standard, the IMF's SDRs are more likely at this point. They have already been proposed and are backed by a rather powerful international organization. I would hate to see this happen, given the IMF's usurious track record, but they do have the advantage of being first to the party.  Sad
kicir
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June 14, 2011, 07:53:25 AM
 #736

also getting coverage on NPR

http://www.npr.org/blogs/money/2011/06/13/137157430/bitcoin-goes-haywire

molecular
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June 14, 2011, 07:54:15 AM
 #737

The Guardian writes "Bitcoin: the hacker currency that's taking over the web"

http://www.guardian.co.uk/technology/2011/jun/12/bitcoin-online-currency-us-government

If you look at the 'Related information' section beneath:

"IMF boss calls for global currency
10 Feb 2011
Dominique Strauss-Kahn, head of the International Monetary Fund, thinks a new world currency would calm economic instability and curb the dollar's power"

and

"World Bank head calls for debate on new gold standard
8 Nov 2010
Robert Zoellick argues more co-operative monetary system would increase investor confidence and stimulate growth"

Oh the irony Cheesy

whaaat? That's perfect! These bigshots want bitcoin to succeed... awesome!

PGP key molecular F9B70769 fingerprint 9CDD C0D3 20F8 279F 6BE0  3F39 FC49 2362 F9B7 0769
Timo Y
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June 14, 2011, 10:12:39 AM
 #738

The Economist - "Virtual curreny:Bits and bob"

http://www.economist.com/blogs/babbage/2011/06/virtual-currency

Holy shit. This happened so much sooner than I expected (a recurring theme to my bitcoin experience, it seems).

An article in The Economist was my rule for when I would stop buying and start selling. I guess the time has come. Time to get serious.

GPG ID: FA868D77   bitcoin-otc:forever-d
Neyo
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June 14, 2011, 11:50:47 AM
 #739

The Week - Bitcoin - "Is the virtual currency for online drug buys doomed?"
http://theweek.com/article/index/216241/bitcoin-is-the-virtual-currency-for-online-drug-buys-doomed


The Register - "Bitcoin slump follows senators’ threats: Correlation or causation?"
http://www.theregister.co.uk/2011/06/14/bitcoin_slump/


VentureBeat - "Quora explains why Bitcoins are a bad idea"
http://venturebeat.com/2011/06/13/quora-bitcoin-bad-idea/
tymothy
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June 14, 2011, 01:24:59 PM
 #740

The Economist - "Virtual curreny:Bits and bob"

http://www.economist.com/blogs/babbage/2011/06/virtual-currency

Holy shit. This happened so much sooner than I expected (a recurring theme to my bitcoin experience, it seems).

An article in The Economist was my rule for when I would stop buying and start selling. I guess the time has come. Time to get serious.

When people take out mortgages on their homes to buy bitcoins, that's when I get out.
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