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Author Topic: Bitcoin press hits, notable sources  (Read 406789 times)
proudhon
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June 28, 2011, 03:04:55 AM
 #941


tl;dr = bitcoin will fail.
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julz
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June 28, 2011, 10:39:55 AM
 #942

http://www.thinq.co.uk/2011/6/28/mt-gox-flaw-opens-door-free-bitcoins/

I know mtgox allows you to put in orders without having the funds yet (which is very useful when putting in a sell-buy combo)
.. not sure how that would allow someone to game it for free bitcoins though.

@electricwings   BM-GtyD5exuDJ2kvEbr41XchkC8x9hPxdFd
cbeast
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Let's talk governance, lipstick, and pigs.


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June 28, 2011, 10:54:00 AM
 #943

http://www.youtube.com/watch?v=3yoduTFjZW4&#t=1143s
Web based smartphone app announced. Will work on standard browser on IPhone.

Any significantly advanced cryptocurrency is indistinguishable from Ponzi Tulips.
Piper67
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June 28, 2011, 11:44:23 AM
 #944

http://www.youtube.com/watch?v=3yoduTFjZW4&#t=1143s
Web based smartphone app announced. Will work on standard browser on IPhone.

This has the potential for being some of the greatest news yet! Can't wait for it to come out.
david19801
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June 28, 2011, 03:32:17 PM
 #945

Drum roll please...it's the news we were all waiting for...

http://nerdr.com/bitcoin-laws-imminent-bit-coin-soon-to-be-illegal-in-us/

I guess it was inevitable really...
Longmarch
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June 28, 2011, 03:35:53 PM
 #946

http://howestreet.com/2011/06/releasing-oil-reserves/

Doug Casey... starts off with a few words about the "angry" emails he's received re: Bitcoin.  This guy is pretty adept with the fallacious argumentation...

Quote
2.  Bit­coin can be secretly trans­ported across inter­na­tional bor­ders. OK, sure, that seems like an advan­tage. There’s just one prob­lem: I have no need to trans­fer large amounts of cash across inter­na­tional bor­ders. Though this fea­ture is often praised by Bit­coin sup­port­ers, how many have actu­ally uti­lized it to cir­cum­vent inter­na­tional laws? Yeah, prob­a­bly close to zero.


1.) You are not a representative sample.  Leave yourself out of it.
2.) independent international money transfers != circumvention of international laws.
3.) there is a population segment that can benefit greatly from independent international money transfers.  Just because you can't imagine that this feature would be useful doesn't mean that the feature isn't useful.

Reminds me of all the people who can't figure out what Twitter could be used for.  "What are you gonna do with that?  That's stupid."

I guess this guy's financial cred is getting the best of him.  He's taken up technological and sociological issues with no understanding of the subject matter.  I doubt his readership will see this, though.  Too bad.
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June 28, 2011, 03:39:02 PM
 #947

re: http://nerdr.com/bitcoin-laws-imminent-bit-coin-soon-to-be-illegal-in-us/
Quote
This week the US courts service (UScourts.gov) has shown increasing interest in Bitcoins.  Their research is ongoing but hastily scaling-up from where it was last week.

Source?  Without a source, or at least specificity, this can remain filed under FUD.

Also, US Courts don't make laws.
Piper67
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June 28, 2011, 03:39:09 PM
 #948

Drum roll please...it's the news we were all waiting for...

http://nerdr.com/bitcoin-laws-imminent-bit-coin-soon-to-be-illegal-in-us/

I guess it was inevitable really...

This is being discussed in another thread. First, and foremost, a search of the US courts website found not even a passing mention of bitcoin. Secondly, in the US, Congress makes laws, not the courts. There is no law in the US against trading in currencies other than the US dollar, contrary to what the trolls may suggest. Thirdly, and this has also been discussed ad infinitum, how exactly would the US propose to make bitcoin illegal anyway? Shut down the internet perhaps?

Right now, I for one don't give three hoots what the US wants to do about bitcoins... I'm MUCH more interested in the approach the Chinese government will take. This could be a godsend for a country that wishes to trade with the world, yet wants its own currency to be artificially devalued.

Cheers, everyone
david19801
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June 28, 2011, 04:00:06 PM
 #949

Drum roll please...it's the news we were all waiting for...

http://nerdr.com/bitcoin-laws-imminent-bit-coin-soon-to-be-illegal-in-us/

I guess it was inevitable really...

This is being discussed in another thread. First, and foremost, a search of the US courts website found not even a passing mention of bitcoin. Secondly, in the US, Congress makes laws, not the courts. There is no law in the US against trading in currencies other than the US dollar, contrary to what the trolls may suggest. Thirdly, and this has also been discussed ad infinitum, how exactly would the US propose to make bitcoin illegal anyway? Shut down the internet perhaps?

Right now, I for one don't give three hoots what the US wants to do about bitcoins... I'm MUCH more interested in the approach the Chinese government will take. This could be a godsend for a country that wishes to trade with the world, yet wants its own currency to be artificially devalued.

Cheers, everyone

Could they ban all crypto currencies?

Do you have a link with more info on the Chinese?  Sounds cool!
zby
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June 28, 2011, 05:21:20 PM
 #950

Wikileaks mentions Bitcoin in their Banking Blockade post:  http://wikileaks.org/Banking-Blockade.html
molecular
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June 28, 2011, 05:47:40 PM
 #951


sorry, can't seem to find it. Could you point out the thread for me?

PGP key molecular F9B70769 fingerprint 9CDD C0D3 20F8 279F 6BE0  3F39 FC49 2362 F9B7 0769
Piper67
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June 28, 2011, 06:00:05 PM
 #952


Bitcoin Laws Imminent
Grant
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June 28, 2011, 06:20:02 PM
 #953

Who is "The Bitcoin Company" ? (i never heard of them LOL, but foxnews says they are under attack)

http://video.foxnews.com/v/1028728985001/digital-currency-system-under-cyber-attack/

em3rgentOrdr
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youtube.com/ericfontainejazz now accepts bitcoin


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June 28, 2011, 06:20:44 PM
 #954

"How I spent a coin with bitcoin (and liked it) - How I bought lunch with bitcoins"

http://nymag.com/daily/intel/2011/06/i_spent_a_coin_and_i_liked_it.html

"We will not find a solution to political problems in cryptography, but we can win a major battle in the arms race and gain a new territory of freedom for several years.

Governments are good at cutting off the heads of a centrally controlled networks, but pure P2P networks are holding their own."
LightRider
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I advocate the Zeitgeist Movement & Venus Project.


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June 28, 2011, 09:04:21 PM
 #955

Bitcoin related twitter traffic has gone nuts in the past few minutes. It seems someone is spamming a crazy amount of bitcoin information.

Bitcoin combines money, the wrongest thing in the world, with software, the easiest thing in the world to get wrong.
Visit www.thevenusproject.com and www.theZeitgeistMovement.com.
peach
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An intermediary stage in the breakdown of stars


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June 28, 2011, 09:29:51 PM
 #956

http://blogs.forbes.com/petercohan/2011/06/28/can-bitcoin-survive-is-it-legal/

Can Bitcoin Survive? Is It Legal?

DO IT
1ENhnpoUohq58A2xu5LxKejAeet9PxzrCg
Vladimir
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June 28, 2011, 10:01:41 PM
 #957



Shills just cannot wrap their tiny brains around decentralised concept and again calling beenz flooz cards.

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em3rgentOrdr
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youtube.com/ericfontainejazz now accepts bitcoin


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June 28, 2011, 10:12:47 PM
 #958



Shills just cannot wrap their tiny brains around decentralised concept and again calling beenz flooz cards.


"Can shills wrap their tiny brains around decentralised concepts?  Are reporters competent enough to learn that bitcoin isn't beenz or flooz?"

"We will not find a solution to political problems in cryptography, but we can win a major battle in the arms race and gain a new territory of freedom for several years.

Governments are good at cutting off the heads of a centrally controlled networks, but pure P2P networks are holding their own."
SgtSpike
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June 28, 2011, 10:15:38 PM
 #959

We need to create an "associated press" for bitcoins.  Something that is filled up with concise facts about bitcoins, that reporters and journalists can use as a reference to get their facts straight.
BitterTea
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June 28, 2011, 10:42:15 PM
 #960


I just wanted to dissect this a little bit.

Quote
the online currency used to buy Alpaca wool socks and illegal drugs

Among hundreds (thousands?) of other things.

Quote
whose value dropped from $17.50 to “pennies” after a June 19 hack into its currency exchanger, Mt.Gox

The value did not drop, just one of many exchange rates. It's also back up to $17.50 a week later.

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Solving that small change problem has made credit cards very popular since they made it much easier to buy and sell with precise amounts while cutting down on the transaction costs. Nevertheless, credit cards do cost consumers — in the form of fees, interest, and penalties — and merchants — as annoying merchant fees.

Quote
Bitcoin might survive as a currency if it can find a way to make consumers and merchants better off.

Maybe more precise pricing with fewer transaction costs?

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one lucky fellow paid $20,000 for Bitcoin in February 2010, only to turn around and sell his holdings in early June 2011 for about $3 million

I call bullshit.

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Mann notes that Bitcoin’s ultimate ambition well might be illegal in any event. After all, he points out, there are federal statutes that make it illegal to produce a separate currency. Whether Bitcoin violates those statutes depends on how far it can go along the lines of becoming a true medium for exchange.

This guy is so full of shit.

Quote
likely to go the way of Flooz (bankrupt in August 2001)

Oh noes! Bitcoin is going to go bankrupt!
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