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Author Topic: 2013-06-04 BLOOMBERG- Bitcoin's a Revolution, Not a Convenience  (Read 1075 times)
flix (OP)
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June 05, 2013, 03:32:48 PM
Last edit: June 05, 2013, 04:20:36 PM by flix
 #1

Bitcoin's a Revolution, Not a Convenience
By Kirsten Salyer

http://www.bloomberg.com/news/2013-06-04/bitcoin-s-a-revolution-not-a-convenience.html
"I'm sure that in 20 years there will either be very large transaction volume or no volume." -- Satoshi
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RodeoX
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June 05, 2013, 03:35:15 PM
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I love how these media outlets alternately deride and exalt bitcoin.

The gospel according to Satoshi - https://bitcoin.org/bitcoin.pdf
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June 05, 2013, 04:09:46 PM
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Charlie's "Cash with wings" tagline is golden. Is he credited with that or did he steal it from somewhere?
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June 05, 2013, 05:21:09 PM
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Charlie's "Cash with wings" tagline is golden. Is he credited with that or did he steal it from somewhere?

Google search results imply that it started with him. Let's hope it goes viral.
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June 07, 2013, 06:56:40 AM
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I prefer "programable money" (read it somewhere last month)

"There is only one thing that is seriously morally wrong with the world, and that is politics. By 'politics' I mean all that, and only what, involves the State." Jan Lester "Escape from Leviathan"
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June 07, 2013, 07:54:47 AM
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i like "gold that you can teleport" (not from me, source unknown)
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June 07, 2013, 02:50:44 PM
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Quote
Bitcoin was actually designed to be a lot like GOLD. It works like "GOLD with wings"
Fixed

i like "gold that you can teleport" (not from me, source unknown)
+1, i like it too.

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June 07, 2013, 04:52:20 PM
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I think the "digital cash" / "cash with wings" and "digital gold" / "gold that you can teleport" analogies are both useful. One thing that really drove home Bitcoin's revolutionary nature for me was the recognition that it combined (and exceeded) the best features of what you might call "the Monetary Big 3": digital fiat, physical (cash) fiat, and gold, while avoiding each of their respective fatal flaws. And so I frequently describe Bitcoin to people by saying that it's more reliably scarce than gold, more transactionally efficient than modern electronic banking, and it enables greater financial privacy than cash.
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June 07, 2013, 05:41:10 PM
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"Cash with wings".  Perfect.
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