2013-06-26 WSJ: More Small Businesses Embrace Bitcoin

[n8rwJeTt8TrrLKPa55eU]

Title is positive, but article itself is mixed, lists pros and cons and some use cases.

Cansu Yerdelenli, co-owner of A Class Limousine Travel and Tours Inc. in Bridgewater, N.J., began letting customers pay for rides with the digital money in January. Though only about 10 have taken up the offer, Ms. Yerdelenli believes it's just a matter of time before Bitcoin goes mainstream. "It's the currency of the future," she says.

Yet for now, she isn't holding on to the virtual currency, she says, because she thinks it is too volatile and none of her transportation service's vendors or suppliers will let her pay them using the system. "I don't have any use for it," she says.

http://online.wsj.com/article/SB10001424127887323300004578559941389131384.html

[aigeezer]

Among the FUD: "A key drawback for merchants using Bitcoin is the risk that the virtual currency could become worthless if it doesn't catch on." Those who feel that way can easily exchange it for fiat with no significant delay.

A lot of media coverage seems to repeat the meme that BTC can't get big because it isn't big. I wonder if anyone buys into that kind of thing.

[chriswilmer]

I find the FUD reassuring. Imagine if everybody in the world had heard of bitcoin and thought it was perfect... and it was worth $100. That would probably mean $100 was pretty close to the ceiling. The fact that so many people don't get it (or haven't heard of it) just goes to show how much room bitcoin has to go up.

[2dogs]

This is profound, folks.

WSJ = massive exposure to the uninitiated establishment.

[Wekkel]

Still poking at the 'Chasm'... 

[aigeezer]

This is profound, folks.

WSJ = massive exposure to the uninitiated establishment.

Then you may not like this WSJ headline from July 2: "In Bitcoin We Don't Trust"

Paywall story: http://online.wsj.com/article/SB10001424127887324251504578581451427192818.html

Or this one: "Beware the Risks of the Bitcoin: Winklevii Outline the Downside"

http://blogs.wsj.com/moneybeat/2013/07/02/beware-the-risks-of-the-bitcoin-winklevii-outline-the-downside/

Or this one: "States Put Heat on Bitcoin"

http://online.wsj.com/article/SB10001424127887323998604578565961039879492.html

Or this one: "States Sound Warnings on Bitcoin"

http://live.wsj.com/video/states-sound-warnings-on-bitcoin/3937C236-8132-441D-B74C-C9E7D1CD7248.html

On and on. The WSJ is not a friend of BTC, imho.
 

[2dogs]

This is profound, folks.

WSJ = massive exposure to the uninitiated establishment.

On and on. The WSJ is not a friend of BTC, imho.
  

Of course;  it is like this:

"First they ignore you, then they laugh at you, then they fight you, then you win."

The 3rd step.

BTW, I was directed to this article by way of a (very conservative) professional publication.

Bitcoin is getting ink now where it was considered taboo before.