2013-08-10: ZeroHedge: BitCoin Is Now Officially A (Schrodinger) Currency

[n8rwJeTt8TrrLKPa55eU]

Snotty article on the Bloomberg listing.

In other words, just like everything else in the New Normal world, where economies and markets are both half-alive and half-dead depending on how one looks at them (usually whether central bank XYZ is part of the wave-function collapse), and where financial Schrodingerism rules supreme, BitCoin is now also an official currency as well... if only when looked from the inside out. It is likely that only when everyone has access to the "XBT" data that only then will the beginning of the end for the world's electronic alternative currency commence.

http://www.zerohedge.com/news/2013-08-10/bitcoin-now-officially-schrodinger-currency

[aigeezer]

Myopic article - Bloomberg is the center of the known universe blah blah.

The comments below it are interesting. Lots of agenda-driven stuff such as gold bugs duking it out with fiat buffs, plenty of mischief of various kinds, some ignorance, quite a bit of wit... I look at this kind of thing for hints of whatever grand propaganda system might kick in once BTC gets real traction.

I like the Schrodinger metaphor - too bad ZH used it first. It's got potential...

Regulator 1 "I looked for BTC in the commodities box to tax it, but it wasn't there."

Regulator 2 "I looked for BTC in the currency box to ban it, but it wasn't there."

Regulator 3 "I looked for BTC in the box where we keep the procedure manuals, but the only thing there was a stupid cat and it nipped me."

Next day's ZH headline "BTC Catnip for Regulators".     

[n8rwJeTt8TrrLKPa55eU]

Regulator 1 "I looked for BTC in the commodities box to tax it, but it wasn't there."

Regulator 2 "I looked for BTC in the currency box to ban it, but it wasn't there."

Philosophical explorations wrt. Bitcoin's nature that Pirate should attempt at his next hearing

[Carlton Banks]

Regulator 1 "I looked for BTC in the commodities box to tax it, but it wasn't there."

Regulator 2 "I looked for BTC in the currency box to ban it, but it wasn't there."

Philosophical explorations wrt. Bitcoin's nature that Pirate should attempt at his next hearing

It's true: it is simultaneously a currency, a commodity, both, and of course, neither!

[eldentyrell]

Snotty article on the Bloomberg listing.

The commentary isn't the interesting part -- what's interesting is that Bloomberg has prepared their terminals to treat BTC as a currency (or at least an asset), even if they haven't enabled that functionality for anybody other than their own staff.  I find this very interesting.

[Carlton Banks]

Snotty article on the Bloomberg listing.

The commentary isn't the interesting part -- what's interesting is that Bloomberg has prepared their terminals to treat BTC as a currency (or at least an asset), even if they haven't enabled that functionality for anybody other than their own staff.  I find this very interesting.

Bolded aspect in itself is actually pretty interesting IMO. Various possible interpretations, but my guess would be that they want to maintain an authoritative credos, and realise they must familiarise their people with this new emergence, just in case it becomes too big too quickly for the whole organisation to be able to look convincingly like they know what's happening. They want Bitcoin awareness to seep into the consciousness of the company culture.

[cr1776]

They did their research so well they even got the name correct  "BitCoin".  </sarcasm> 

If you can't get something as basic as the name correct, what does that say about the more complex items?

Snotty article on the Bloomberg listing.

In other words, just like everything else in the New Normal world, where economies and markets are both half-alive and half-dead depending on how one looks at them (usually whether central bank XYZ is part of the wave-function collapse), and where financial Schrodingerism rules supreme, BitCoin is now also an official currency as well... if only when looked from the inside out. It is likely that only when everyone has access to the "XBT" data that only then will the beginning of the end for the world's electronic alternative currency commence.

http://www.zerohedge.com/news/2013-08-10/bitcoin-now-officially-schrodinger-currency

[herzmeister]

I like the Schrodinger metaphor - too bad ZH used it first. It's got potential...

no, don't worry, it was used here already before... I remember ElectricMucus had it in his signature.

[2dogs]

Considering the original source was Bloomberg - mouthpiece for the establishment - the zh comments are telling and supportive of BTC