Bitcoin press hits, notable sources

[kiba]

Bitcoin mentioned on The Atlantic: http://www.theatlantic.com/business/archive/2011/04/how-to-start-your-own-private-currency/73327/

Awesome!  Here's the money quote:

"Anything can serve as a currency and ultimately the winners will possess the characteristics that people demand: portable, fungible, easily divisible, and reasonably scarce," said John Matonis, editor of The Monetary Future blog and an outspoken advocate for private currencies. "Coins did serve that function, but a coin cannot be jammed through a broadband connection and molecularly transported. We must evolve now."

Oh dear, Jon Matonis' name was misspelled.

[Stephen Gornick]

Bitcoin mentioned on The Atlantic: http://www.theatlantic.com/business/archive/2011/04/how-to-start-your-own-private-currency/73327/

Awesome!  Here's the money quote:

You must not have seen this then:

Rather than support the currency with towers of gold bricks, Washington issues the currency by "fiat," or by decree. The good news about fiat is it allows us to create more money -- trillions more --when the economy tanks.

[error]

They have a very strange idea of good news.

[kiba]

http://news.ycombinator.com/item?id=2430652

If ya have an account at Hacker News, it's upvote time.

(if you don't have one, don't vote to ensure we don't get caught by spam filter)

[DCism]

Hi all,

I'm a financial reporter who needs a Bitcoin user to demistify the process for me. I've been talking to a lot of consultants, former law enforcement, etc., about the potential threat of financial activity allegedly inherent with anonymous digital currency. But I'd like an expert and proponent of Bitcoin to demistify the currency for me, and to talk about the potential threat, if there even is one, but also discuss the benefits of the currency and its advantages.

Thanks,

cadams@acams.org

[S3052]

is this you?

http://www.linkedin.com/pub/colby-adams/15/219/696

[xf2_org]

I'm a financial reporter who needs a Bitcoin user to demistify the process for me. I've been talking to a lot of consultants, former law enforcement, etc., about the potential threat of financial activity allegedly inherent with anonymous digital currency. But I'd like an expert and proponent of Bitcoin to demistify the currency for me, and to talk about the potential threat, if there even is one, but also discuss the benefits of the currency and its advantages.

Email sent.

[FatherMcGruder]

I'm a financial reporter who needs a Bitcoin user to demistify the process for me. I've been talking to a lot of consultants, former law enforcement, etc., about the potential threat of financial activity allegedly inherent with anonymous digital currency. But I'd like an expert and proponent of Bitcoin to demistify the currency for me, and to talk about the potential threat, if there even is one, but also discuss the benefits of the currency and its advantages.

Email sent.

Maybe someone like Gavin ought to do this. He's a developer and well spoken.

[Cusipzzz]

I'm pretty sure jgarzik can handle it, lol.

[kiba]

But I'd like an expert and proponent of Bitcoin to demistify the currency for me, and to talk about the potential threat, if there even is one, but also discuss the benefits of the currency and its advantages.

A lot of proponents for bitcoin would trout anonymousness as a feature rather than a threat. It really depends on your point of view. If you're a privacy advocate, it's a good thing. Law enforcements and anti-money laundering people thinks it's a bad thing.

I believe Steve Gibson, of Security Now, called it the "crypto-dilemma". On one hand, it could be tool of political activists to resist repressive states such as China and Libya. On the other hand it could be used as a tool to launder money from kidnapping operations and organized crime activities.

If bitcoin succeeded, we will all have to live with the consequence of the new technology. For nation-states of all stride, from authoritarian to democratic ones, it will be a devastating attack on their power. It will give power back to the individuals. For some of us, that's what we like to see.

[witcoin]

But I'd like an expert and proponent of Bitcoin to demistify the currency for me, and to talk about the potential threat, if there even is one, but also discuss the benefits of the currency and its advantages.

A lot of proponents for bitcoin would trout anonymousness as a feature rather than a threat. It really depends on your point of view. If you're a privacy advocate, it's a good thing. Law enforcements and anti-money laundering people thinks it's a bad thing.

I believe Steve Gibson, of Security Now, called it the "crypto-dilemma". On one hand, it could be tool of political activists to resist repressive states such as China and Libya. On the other hand it could be used as a tool to launder money from kidnapping operations and organized crime activities.

If bitcoin succeeded, we will all have to live with the consequence of the new technology. For nation-states of all stride, from authoritarian to democratic ones, it will be a devastating attack on their power. It will give power back to the individuals. For some of us, that's what we like to see.

One of the large US banks (Wachovia) recently was fined for laundering 400 BILLION DOLLARS in drug money.

Has anyone ever bought that many drugs with bitcoin ? What about a story showing how illegal things are done using existing systems?

 

http://podcasts.witcoin.com/p/1053/The-Keiser-Report---Cocaine-makes-the-world-go-round

[stzee]

I believe Steve Gibson, of Security Now, called it the "crypto-dilemma". On one hand, it could be tool of political activists to resist repressive states such as China and Libya. On the other hand it could be used as a tool to launder money from kidnapping operations and organized crime activities.

On one hand bitcoin could be used as a tool for political activists to resist oppressive states such as China and Libya. On the other hand, bitcoin could be used by political activists (ie: silkroad) to resist oppressive states such as the USA and EU. Much like how Tor can be used as a tool for political activists in China and Libya to resist oppressive states, and can also be used by political activists in USA and EU to resist oppressive states. If Bitcoin is a threat or not largely depends on how brainwashed you are by your respective government. Much like Tor, Bitcoin is a weapon against statists in general. The government will love using it to attack other governments, and will fear it being used to attack their own power over their own slaves.

[xlcus]

how is xkcd.com/bitcoin doing? 1Lg2rvxbBPC8jp2YJoV5xL7sdyTjueMUot
please

http://blockexplorer.com/address/1Lg2rvxbBPC8jp2YJoV5xL7sdyTjueMUot
Received BTC: 298.82

[RodeoX]

This was mentioned in another thread, but it should be posted here also. Bitcoin is discussed in an article about digital currency in the spring 2011 edition of 2600 magazine. The hacker types among you will know 2600 as a major hacking journal in the U.S. (and as the frequency of control switches on the old phone system)

Here is the money quote from page 19:
"It is the future of money. Bank on it to survive any crackdowns and protect your identity at all costs."

[grondilu]

Do you see it?




Hint:  it's just in the middle, right in front of you

http://www.linuxmag.nl/dit-nummer.html

[Anonymous]

Do you see it?




Hint:  it's just in the middle, right in front of you

http://www.linuxmag.nl/dit-nummer.html

That is epic.

Where do we get a copy ?

[grondilu]

That is epic.

Where do we get a copy ?

I guess you can order one online (paying with bitcoin2cc for instance).

This is seriously big news.  This is going to be in every town in Nederlands.

[allinvain]

Awesome! Ladies and gentlemen one day we shall make the cover of Time magazine as well !!

[N12]

Awesome! Ladies and gentlemen one day we shall make the cover of Time magazine as well !!

Not to the cover, but still: https://twitter.com/#!/jerrybrito/status/59011894236819456

[grondilu]

I very much like this video from the guy of "howtovanish.com":

http://www.youtube.com/watch?v=LSLByqTusaQ


It's a pretty good exposé.   Make it buzz.