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Author Topic: 2013-08-15 FOX News - Bitcoin Investigation: Is this the end of virtual currency  (Read 3540 times)
13Charlie (OP)
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August 15, 2013, 11:16:59 PM
 #1

LOL - Most of it is correct.

http://www.foxnews.com/on-air/shepard-smith/index.html

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August 15, 2013, 11:26:33 PM
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TL;DR: Bitcoins, B-I-T-C-O-I-N-S - It's available to you inside the google.














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August 15, 2013, 11:35:13 PM
 #3

Without even watching this video (I will when I get a chance away from work), it is hardy the end of anything. The investigation is just that, they have created no new laws or pushing to limit what Bitcoin can do, though I have no doubt once they realize that Bitcoin is a direct competitor to Federal Reserve ponzi-banking they will do everything in their power to kill it off. They don't want us to use something they dont control in the slightest, as I imagine doing legitimate  and fair business in an open field of battle is appalling to them.

But they can do this no more than they did to BitTorrent, which in the end after millions of dollars were burned on legal suits, resulted in nothing.

Even if they did kill Bitcoin dead somehow, there are about 40 other blockchains out there to take its place. They simply cannot regulate it all, much less control because unlike fiat no one owns the Bitcoin network. Bitcoin is the antithesis of money control, designed to deflect such regulation.

 

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August 15, 2013, 11:48:06 PM
 #4

Fuck FOX News. They ruined my country.

Then again, without FOX News, I might not have moved to Canada and become a part of the Bitcoin movement, here.  Grin

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August 15, 2013, 11:49:30 PM
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AWESOME!

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August 15, 2013, 11:55:51 PM
 #6

That was surprisingly positive and accurate, relatively speaking.

(I dont always get new reply notifications, pls send a pm when you think it has happened)

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August 15, 2013, 11:57:07 PM
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That was surprisingly positive and accurate, relatively speaking.
Oh, really? Wow, I guess I judged them too soon. I didn't even bother to watch it.

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HeliKopterBen
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August 16, 2013, 12:17:07 AM
 #8

Except when the guest says "you can download software onto your desktop to mine bitcoins."  This isnt 2009.

Counterfeit:  made in imitation of something else with intent to deceive:  merriam-webster
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August 16, 2013, 12:27:07 AM
 #9

someone send that dude reporter a bitcoin or fraction. i think he deserves it for being somewhat positive and interested

ok
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August 16, 2013, 12:33:11 AM
Last edit: August 16, 2013, 12:51:41 AM by Bitcopia
 #10

Except when the guest says "you can download software onto your desktop to mine bitcoins."  This isnt 2009.

Or that the he thinks through mining on your desktop you will receive 50 BTC. They are all relatively clueless.

It would be nice if one of the largest media outlets in the world had a deep understanding of what they are talking about.
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August 16, 2013, 12:38:06 AM
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Except when the guest says "you can download software onto your desktop to mine bitcoins."  This isnt 2009.

Or that the he thinks through mining on your desktop you will receive 50 BTC. Or that they don't understand how the blockchain works. Or that the lady in the red dress is completely clueless and the other two are not far ahead of her. Or the fact that all three are under the impression that it can simply be made illegal. If there was a feasible approach as simple and thoughtless as making decentralized virtual currencies illegal, regulators and agencies wouldn't be having discussions. It would probably just be done.

It would be nice if one of the largest media outlets in the world had a deep understanding of what they are talking about.
For being Fox News they actually did quite a good job...

(I dont always get new reply notifications, pls send a pm when you think it has happened)

Wanna gimme some BTC/BCH for any or no reason? 1FmvtS66LFh6ycrXDwKRQTexGJw4UWiqDX Smiley

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August 16, 2013, 12:41:00 AM
 #12

WOW, did I just watched facts on Fox News??!!1


And this should be the new bitcoin slogan:

"Once you can buy alcohol, it's real"

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August 16, 2013, 12:52:32 AM
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i can't remember any of these suckers mentioning a mining pool

they get the mining part so wrong

WOW, did I just watched facts on Fox News??!!1

'Studio B'

for the limited smart audience as opposed to the real mainstream

man everytime that blonde talks...........lame (avoided a swear here)

and don't forget


"It's available to you inside the GOOGLE!"

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August 16, 2013, 12:56:36 AM
 #14

Except when the guest says "you can download software onto your desktop to mine bitcoins."  This isnt 2009.

he's a big newb!

ok
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August 16, 2013, 12:58:43 AM
 #15

Except when the guest says "you can download software onto your desktop to mine bitcoins."  This isnt 2009.

he's a big newb!

and if you want gold you can get a pan and go to a river and sift and pan for gold!

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the hacks, the hacks, secure your bits!
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August 16, 2013, 01:00:47 AM
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Except when the guest says "you can download software onto your desktop to mine bitcoins."  This isnt 2009.

he's a big newb!

and if you want gold you can get a pan and go to a river and sift and pan for gold!

Yes, if that guy is an editor at Mashable he should know better!

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August 16, 2013, 02:42:34 AM
 #17

Except when the guest says "you can download software onto your desktop to mine bitcoins."  This isnt 2009.

He says "and you can actually generate your own bitcoins on your desktop... 50 at a time"

But otherwise this is pretty good.



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August 16, 2013, 05:04:07 PM
 #18

dumb lady: "Well come on, do you think the IRS is going to stand by and let us invent an entire new currency that we can hide what we buy and what we do and what we earn? No way."

dude: "We did. 4 years ago. It's been going on for 4 years."

I loved that part. Also, I love how she thinks just because the government cannot regulate something that it should become illegal.

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UPENtXF
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August 16, 2013, 06:26:50 PM
 #19

Bitcoins, B-I-T-C-O-I-N-S - It's available to you inside the google.
This is unforgettable! Funny statement of the year! Cheesy It was almost like a free Bitcoin infomercial too!
 

"To change something, build a new model that makes the existing model obsolete." -Buckminster Fuller
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August 16, 2013, 06:41:04 PM
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dumb lady: "Well come on, do you think the IRS is going to stand by and let us invent an entire new currency that we can hide what we buy and what we do and what we earn? No way."

dude: "We did. 4 years ago. It's been going on for 4 years."

I loved that part. Also, I love how she thinks just because the government cannot regulate something that it should become illegal.

Yeah I think a lot of people are in for a big surprise with Bitcoin, I hope they thank Satoshi when he is done saving our economies bloated dead ass.

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