Big compliment from FORBES to BITCOIN

[felente]

Steve Forbes @ forbes.com advises us to (quote) "stay away from the Bitcoin"...
guys getting nervous 

well, bitcoin is really far from perfection, but this article means something more than what's written there, i think.
ineed, very cautious article.
take it easy but not too easy

article w. external link:
"Bitcoin: Whatever It Is, It's Not Money!"
http://www.forbes.com/sites/steveforbes/2013/04/16/bitcoin-whatever-it-is-its-not-money/

[benjamindees]

We don’t really know how this coin is created.

What a fucking idiot.

[noedaRDH]

Actually Forbes is doing a great service for Bitcoins; many of its articles are very positive on Bitcoins, even that blog about living on Bitcoins for a week.

Don't worry, in time, Mr. Forbes will change his tune. You CAN teach a dinosaur a new trick, you just need time.

[abigfish]

OMG ... this is good and bad news...but mostly very bad.

1.Your average zombie minded economic subject will be really freaked out by: "We don’t really know how this coin is created. You can’t have a functional money without a basic transparency." In people's minds if FORBES doesn't know and see behind btc and its workings...how could they understand.... this sentence alone freaks out stupid folks who are after all the 80% of consumers and regular population....

Most people have no clue how fiat money is issued or how the central bank, FED or IMF work...but hey ...TV/newspapers calm them down regularly saying...its all in control and bla bla state banks print ..its easy...
here mr fucking forbes tells them who ...its a black hole...i dont even know how its created ...much less how it works... HORRIBLE

Remember folks... most people don't even go to universities...and thats basically the first and only place where economics is explained ...so they will be skeptics after this ...they wont use their brain to find out on google about this crazy currency... (

2."Unless you are addicted to volatile trading for the sake of trading, stay away from the Bitcoin. Thankfully its plunge will be a salutary caution to most folks."  <<<<------------ unfuckingbelieveble.... this is like WHOA WHOA ...bitcoin is for SPECULATIONS !!! not normal use.... FFS ...you guys dont understand...if 2-3 forbes reading millionaires get the idea..."lets try speculate on this ...forbes says its made for it...welll imagine a guy with a 5billion$ worth investing 1% of his wealth on BTC speculation .... ((((((((((   dont say its too much to buy ....there's a guy who did this with the WORLD COCOA market ...about 3 times in the last 10 years .. http://makewealthhistory.org/2010/07/12/speculating-in-the-cocoa-fields/  (( and BTC is a MINI market for such guys (

DAMN this article is BOGUS ...someone should call/write ...we should mass write to frobes and tell them they are shitheads !!! this could easily be the start of the end of btc imo

[nicolazza]

 “From the moment a market becomes purely a vehicle for speculation it loses its usefulness.”

[RenegadeMind]

Bitcoin is bad because you can speculate on it.

Much better to invest in something safe & non-speculative... like derivatives...

[Zaih]

This is the sort of stuff that gets me riled up. Such a joke. Meh, we can't do much about it.

[cho]

Ok, let me add forbes.com to my "never trust" list... Done.

[abigfish]

Ok, let me add forbes.com to my "never trust" list... Done.

+1

[Stunna]

Ok, let me add forbes.com to my "never trust" list... Done.

I wouldn't go that far. I understand why he feels the way he does however I feel that he is being a bit ignorant. Too many people shrug off bitcoins as a joke without looking into them seriously. When I first heard of bitcoins I thought it was some sort of scam because of how mass media and my friends described it to me but I took time to look into it and was pleasantly surprised.

[DeathAndTaxes]

Ok, let me add forbes.com to my "never trust" list... Done.

I wouldn't.  There have been a lot of well written articles by Forbes (the magazine) not to be confused with the personal opinion of Mr Forbes (the person).  Actually the fact that his magazine has been fairly even handed when writing about Bitcoin despite the owner's very obvious bias and lack of knowledge is a good thing.  It shows the magazine enjoys a level of journalistic independence.   

[RationalSpeculator]

I think he is doing politics.

Needed to add some anti bitcoin talk as to make sure his political connections will still like him, after his magazine gave much credibility to bitcoin.

[cho]

Ok, let me add forbes.com to my "never trust" list... Done.

I wouldn't.  There have been a lot of well written articles by Forbes (the magazine) not to be confused with the personal opinion of Mr Forbes (the person).  Actually the fact that his magazine has been fairly even handed when writing about Bitcoin despite the owner's very obvious bias and lack of knowledge is a good thing.  It shows the magazine enjoys a level of journalistic independence.   

I'll give it a second chance then
But the words "We don’t really know how this coin is created." are quite worrying for Mr Forbes IQ and professionalism, quite clearly.

[naphto]

Are you for real? This is old news. (16 april)

[abbyd]

Ok, let me add forbes.com to my "never trust" list... Done.

I wouldn't.  There have been a lot of well written articles by Forbes (the magazine) not to be confused with the personal opinion of Mr Forbes (the person).  Actually the fact that his magazine has been fairly even handed when writing about Bitcoin despite the owner's very obvious bias and lack of knowledge is a good thing.  It shows the magazine enjoys a level of journalistic independence.   

I'll give it a second chance then
But the words "We don’t really know how this coin is created." are quite worrying for Mr Forbes IQ and professionalism, quite clearly.

Steve Forbes inherited the magazine from his dad (and his dad's dad), he's a yammering idiot with money.
I mean, "A mile has 5280 feet" - are you f**king kidding me?  He means to say "a dollar is always worth a dollar"?
LOLZ a dollar from 2013 is not even worth what a penny was in 1945...

Michael Moore (not saying I'm a fan) made some good points about his failed 1996 US presidential campaign:
http://www.youtube.com/watch?v=9PM9tDtmaaI