Yifu is the man!

[Loredo]

I credit him with that early jump in February, he will make this $200M work right

It's a hoax that has been publicly denied on CNBC.

And thankfully, that.  $200m not only didn't make any sense in size, selecting Avalon to be the agent of the destruction of bitcoin didn't make sense.  

What this really shows, again, is that the mainstream media have become little more than internet rumor blogs.  They shoot from the hip; the first tweet that says something, no matter how idiotic, becomes the basis of the "scoop".

On Thursday, Bloomberg did it twice.  

They announced that Italian political figure Berlusconi had been cleared when he hadn't, and correcting shortly thereafter.  

Then minutes later they reported that the Goldman Sach's derivative mastermind (in fairness, the person on whom all the evils of the housing bubble era have now been scapegoated, Mr. Tourre) had been cleared, when in reality he had just been found "liable in defrauding investors."

There's a verb now concerning the news:  it's to have a story "CNN'ed," which means get it totally wrong.  

It's a great world.

[darkfriend77]

http://www.phoenixasic.com/

...

[Ytterbium]

http://www.phoenixasic.com/

...

Could be a totally unrelated coincidence.

[Bitcoinorama]

https://mobile.twitter.com/ScottWapnerCNBC/statuses/364370798892421120

[cryptograd]

ok everybody

[-Redacted-]

Yes, YiFu is the man alright.  The man that appears to have, singlehandedly, ripped off BitCoinTalk group purchase members for millions of dollars, and seems to be in the process of destroying what little credibility BitSynCom has left...

[Xian01]

Yes, YiFu is the man alright.  The man that appears to have, singlehandedly, ripped off BitCoinTalk group purchase members for millions of dollars, and seems to be in the process of destroying what little credibility BitSynCom has left...

 Amen

[cryptograd]

Yes, YiFu is the man alright.  The man that appears to have, singlehandedly, ripped off BitCoinTalk group purchase members for millions of dollars, and seems to be in the process of destroying what little credibility BitSynCom has left...

 Amen

[Bitcoinorama]

http://online.wsj.com/article/SB10001424127887323997004578644491403250124.html

[Ytterbium]

Here's a more detailed article about that not being true: http://www.marketwatch.com/story/private-investor-and-trader-joe-lewis-not-backing-bitcoin-ventures-2013-08-05

The WSJ link only says "Correction" and gives no details if you're not a subscriber.

[Bitcoinorama]

Lol, the German Version of The Wall Street Journal took it even more seriously;

http://www.wsj.de/article/SB10001424127887324653004578649323688351736.html?mod=rss_newsreel_WSJGermanyMarkets

[Xian01]

http://data.whicdn.com/images/35809712/haters-gonna-hate-snow-white_large.gif

 I'm sorry, but what are you insinuating with this image ? That haters are not allowed to hate the fact that deadlines have passed, and promises have been broken ?

[turtle83]

Here's a more detailed article about that not being true: http://www.marketwatch.com/story/private-investor-and-trader-joe-lewis-not-backing-bitcoin-ventures-2013-08-05

The WSJ link only says "Correction" and gives no details if you're not a subscriber.

Investor Joe Lewis isn't investing in a bitcoin venture called Avalon and doesn't lead a Zurich-based private-equity fund called the Phoenix Fund. An article on the supposed investment was inaccurately published and has been removed.

Thats all there is on there. click thru : https://www.google.com/search?q=site:online.wsj.com%2Farticle%2FSB10001424127887323997004578644491403250124.html to read the full article.

[buzzdave]

Niko wrote them:

Hi Niko,
Thanks for your email. We have just published a correction on our website:

Correction
05 Aug 2013
Investor Joe Lewis isn't investing in a bitcoin venture called Avalon and doesn't lead a Zurich-based private-equity fund called the Phoenix Fund. An article on the supposed investment was inaccurately published and has been removed.

All the best,
Harriet

[Unacceptable]

Gotta love the "new" media creed,post it.....then prove it....later on......WTF???

American Investigative Reporting at its best    Thanks Corperate America 

[seleme]

Well, maybe after Lewis sell Gareth Bale to Real Madrid 

[Bitcoinorama]

Well, maybe after Lewis sell Gareth Bale to Real Madrid 

It's scary to think that one footballer can equal a tenth of the entire value of Bitcoin.

One team of 11 men on the pitch could potentially equal the cumulative value of Bitcoins in existence!

[cryptograd]

This made it to print in the Wall St Journal monday

I'm gonna use this article to raise money off of friends to buy Yifu's next batch

[Bicknellski]

Is he still the man?

[cryptograd]

Is he still the man?

Always!