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Author Topic: 2013-05-22 MIT Technology Review - Bitcoin Hits the Bigtime...  (Read 911 times)
kiko
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May 24, 2013, 06:09:42 PM
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http://www.technologyreview.com/news/515061/bitcoin-hits-the-big-time-to-the-regret-of-some-early-boosters/

via the guardian link-roll: http://www.guardian.co.uk/technology/blog/2013/may/24/technology-links-newsbucket

Worth reading, it covers a lot of ground concisely. As was so well put in the New Yorker thread -- "Shows signs of actual journalism".
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May 24, 2013, 06:41:03 PM
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I don't get the "regret" angle at all. It assumes a few things - first, that any attempted regulation of bitcoin will ruin it, (it won't), and second, that any government attempts to "tame" the currency will be super-effective and stop any kind of commerce they don't want happening. (Still won't.)

I'm not feeling regret at all, except at the complete stupidity of those that believe bitcoin is going to be ruined. This is part of the plan - you get every government thinking they are in control, and then bitcoin turns their paper tokens into firestarter logs.

Why isn't this obvious?

fortitudinem multis - catenum regit omnia
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May 24, 2013, 06:57:09 PM
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I don't get the "regret" angle at all. It assumes a few things - first, that any attempted regulation of bitcoin will ruin it, (it won't), and second, that any government attempts to "tame" the currency will be super-effective and stop any kind of commerce they don't want happening. (Still won't.)

I'm not feeling regret at all, except at the complete stupidity of those that believe bitcoin is going to be ruined. This is part of the plan - you get every government thinking they are in control, and then bitcoin turns their paper tokens into firestarter logs.

Why isn't this obvious?

they're right.  i'm feeling regret.

for not having bought more Bitcoin. Cheesy
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May 24, 2013, 07:03:33 PM
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I think it's just another case of author-doesn't-get-to-write-the-headline syndrome.
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