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Author Topic: Bitcoin press hits, notable sources  (Read 402033 times)
ryepdx
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June 19, 2011, 12:03:15 AM
 #801

Looks like Bitcoin will likely be the only real value conserving investment left:

http://www.zerohedge.com/article/trading-over-counter-gold-and-silver-be-illegal-beginning-july-15

I did some research into the claims made by that article. If you read the actual text of the act, it only outlaws the trading of commodities on margin by unlicensed brokers. That's a far cry from the headline's claim. This won't affect most of us, it seems, and it certainly won't affect the gold and silver bugs with their vaults full of precious metals.
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June 19, 2011, 04:31:23 AM
 #802

http://www.washingtonpost.com/business/technology/is-the-world-crazy-for-bitcoin-or-has-the-bitcoin-world-gone-crazy/2011/06/18/AGaX3NaH_story.html

Summary:  Something like bitcoin is a great idea and will probably succeed in the future, but bitcoin (the current iteration) will fail because I found out about it too late to have invested a tiny amount of money for an enormous return (and I'm sour about that); but now that I know about the idea of bitcoin I will be sure to be on the look-out for the next bitcoin, and I will adopt that version early, and, therefore, it will succeed.
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June 19, 2011, 06:35:07 AM
 #803

I just ran across this. I didnt see it in the last two pages so Im posting it.

Is The World Crazy For Bitcoin, Or Has The Bitcoin World Gone Crazy?
http://techcrunch.com/2011/06/18/bitcoin-crazy/

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June 19, 2011, 11:13:21 AM
 #804

Looks like Bitcoin will likely be the only real value conserving investment left:

http://www.zerohedge.com/article/trading-over-counter-gold-and-silver-be-illegal-beginning-july-15

I did some research into the claims made by that article. If you read the actual text of the act, it only outlaws the trading of commodities on margin by unlicensed brokers. That's a far cry from the headline's claim. This won't affect most of us, it seems, and it certainly won't affect the gold and silver bugs with their vaults full of precious metals.

It does basically prohibit trading for the average Joe. You need to take an exam and have a net worth of over $1 million (excluding primary residence) or make $200k a year. Someone very astutely commented:

"the modern control matrix of prohibiting something is to leave it technically legal, thereby diffusing anti-tyranny opposition, but bury the actual activity in so many regulations, fees, and licenses, as to make it virtually impossible for a person of average means, knowledge, motivation, and connections, to conduct it with any level of enjoyment, profit margin, or benefits."
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June 19, 2011, 11:36:31 AM
 #805

Looks like Bitcoin will likely be the only real value conserving investment left:

http://www.zerohedge.com/article/trading-over-counter-gold-and-silver-be-illegal-beginning-july-15

I did some research into the claims made by that article. If you read the actual text of the act, it only outlaws the trading of commodities on margin by unlicensed brokers. That's a far cry from the headline's claim. This won't affect most of us, it seems, and it certainly won't affect the gold and silver bugs with their vaults full of precious metals.

It does basically prohibit trading for the average Joe. You need to take an exam and have a net worth of over $1 million (excluding primary residence) or make $200k a year. Someone very astutely commented:

"the modern control matrix of prohibiting something is to leave it technically legal, thereby diffusing anti-tyranny opposition, but bury the actual activity in so many regulations, fees, and licenses, as to make it virtually impossible for a person of average means, knowledge, motivation, and connections, to conduct it with any level of enjoyment, profit margin, or benefits."

Why can't they do that with hard drugs then, instead of arresting hundreds of thousands of mostly harmless people and screwing up Mexico, Colombia and Afghanistan.Sad

Undercut the Barons, Legalize (and Bureaucratize) All Drugs Today!

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June 19, 2011, 12:57:14 PM
 #806

http://www.dailytech.com/LulzSec+Downs+CIAs+Public+Site+Appears+to+be+Subject+of+Framing+Attempt/article21916.htm
(reposted at http://oo.thebanzaieffect.com/2011/06/lulzsec-downs-cias-public-site-appears-to-be-subject-of-framing-attempt/)

Apparently ex-HBGary CEO Aaron Barr is trying to smear Bitcoin by tweeting the fake pastebin LulzSec PR (with altered Bitcoin address). So he's piggybacking on to the 25k BTC heist, or possibly the whole thing is a false flag operation against Bitcoin, including the theft itself. None of this can be proven of course, the fact that not all 25k actually went to LulzSec could be discounting this, but then again I'm sure HBGary & friends don't want to fund LulzSec and thought a little faking could get them just as far (maybe expecting it to be misreported in mainstream media..).
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June 19, 2011, 01:04:42 PM
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http://www.ibtimes.com/articles/165216/20110618/bitcoin-trojan-steal-hacker.htm
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June 19, 2011, 04:30:00 PM
 #808


FOFOA comes to his conclusions in:
http://fofoa.blogspot.com/2011/06/bitcoin-open-forum-part-3.html

I like FOFOA a lot and I think his input is worth consideration. He doesn't seem to be against bitcoin so much as he thinks the world prefers easy money over hard. I don't think that's entirely untrue.

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June 19, 2011, 05:42:51 PM
 #809

Proof positive we're solidly into stage three of Gandhi's famous dictum:

http://tech.fortune.cnn.com/2011/06/17/the-clock-is-ticking-on-bitcoin/
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June 19, 2011, 06:12:26 PM
 #810

FOFOA is an interesting commentator .... i read his take on silver vs gold  and then read the people that ripped it apart. His patter lends the credence of being knowledgeable in some areas which hides the real lack of strength in his arguments .... Yes  bitcoin is winning when FOFOA  takes time to wax lyrical on it's short comings.. just like physical silver is winning...
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June 19, 2011, 08:43:20 PM
 #811


FOFOA comes to his conclusions in:
http://fofoa.blogspot.com/2011/06/bitcoin-open-forum-part-3.html

I like FOFOA a lot and I think his input is worth consideration. He doesn't seem to be against bitcoin so much as he thinks the world prefers easy money over hard. I don't think that's entirely untrue.

I like FOFOA too. I also get that borrower/spenders like easy money. But they'd probably like to pay with farts too. All that matters is what productive people will accept. They've been accepting a pretty crappy version of money, maybe they'll wise up, I don't know.

Play Bitcoin Poker at sealswithclubs.eu. We're active and open to everyone.
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June 19, 2011, 11:32:50 PM
 #812

http://arstechnica.com/tech-policy/news/2011/06/bitcoin-price-plummets-on-compromised-exchange.ars

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Nescio
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June 20, 2011, 01:49:29 AM
 #813


I like how they call Bitcoin a fiat currency Smiley
Herodes
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June 20, 2011, 04:45:29 AM
 #814

http://www.newsweek.com/2011/06/19/the-web-s-secret-cash.html
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June 20, 2011, 01:56:11 PM
 #815

h8ters are having field day on twitter and elsewhere.

This seems as a good time to buy bitcoins for anyone with more than 1 week perspective.

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June 20, 2011, 02:22:34 PM
 #816

Looks like a Bitcoin exchange scammer left a comment on Nerdr.  Interesting read...

http://nerdr.com/bitcoin-exchange-scam-bitcoins-are-worthless/
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June 20, 2011, 02:28:03 PM
 #817

Looks like a Bitcoin exchange scammer left a comment on Nerdr.  Interesting read...

http://nerdr.com/bitcoin-exchange-scam-bitcoins-are-worthless/

I seriously doubt it.  The only person that could be is Vladimer, and there is no way he's stupid enough to put this crap into an email to a hater.  More likely someone trying to add fuel to the fire and depress the price so that they can buy in.

"The powers of financial capitalism had another far-reaching aim, nothing less than to create a world system of financial control in private hands able to dominate the political system of each country and the economy of the world as a whole. This system was to be controlled in a feudalist fashion by the central banks of the world acting in concert, by secret agreements arrived at in frequent meetings and conferences. The apex of the systems was to be the Bank for International Settlements in Basel, Switzerland, a private bank owned and controlled by the world's central banks which were themselves private corporations. Each central bank...sought to dominate its government by its ability to control Treasury loans, to manipulate foreign exchanges, to influence the level of economic activity in the country, and to influence cooperative politicians by subsequent economic rewards in the business world."

- Carroll Quigley, CFR member, mentor to Bill Clinton, from 'Tragedy And Hope'
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June 20, 2011, 02:38:47 PM
 #818

http://www.libertariannews.org/2011/06/18/the-economics-of-bitcoin-how-bitcoins-act-as-money/

I don't know if this one was ever posted.

"The powers of financial capitalism had another far-reaching aim, nothing less than to create a world system of financial control in private hands able to dominate the political system of each country and the economy of the world as a whole. This system was to be controlled in a feudalist fashion by the central banks of the world acting in concert, by secret agreements arrived at in frequent meetings and conferences. The apex of the systems was to be the Bank for International Settlements in Basel, Switzerland, a private bank owned and controlled by the world's central banks which were themselves private corporations. Each central bank...sought to dominate its government by its ability to control Treasury loans, to manipulate foreign exchanges, to influence the level of economic activity in the country, and to influence cooperative politicians by subsequent economic rewards in the business world."

- Carroll Quigley, CFR member, mentor to Bill Clinton, from 'Tragedy And Hope'
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June 20, 2011, 03:07:08 PM
 #819



Quote
Bitcoins aren’t secure, as both the recent theft and this password problem show.

Is this dude really that stupid or just a shill? Bitcoin exchange is hacked therefore bitcoin is not secure, published it in Forbes no less.

If anything, persistent attempts, whether successful or not, to steal bitcoin demonstrates exactly the opposite i.e. that bitcoins are very valuable. Criminals do not steal worthless stuff.

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June 20, 2011, 04:10:07 PM
 #820

Bitcoin exchange closed after attack
German version:
Bitcoin-Tauschbörse nach Angriff geschlossen

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