Bitcoin Mention in CNN

[kookiekrak]

http://money.cnn.com/video/technology/2011/07/18/t_bitcoin_currency.cnnmoney/

[kookiekrak]

i fail. it was more like 8$

[error]

lol, also in the example, he charges 7.035 bitcoins for a meal. At current prices, thats around  80-90$

Nope, it was 0.7035 BTC.

[done]

 

[pennytrader]

First NPR, now CNN. For some reason, it seems the more exposed we are, the lower price we are headed to

[myhoho]

I'll be rich with bitcoin .

[Bitcoin Swami]

I'll be rich with bitcoin .

not if you dont stop your gambling addiction. 

[Timo Y]

First NPR, now CNN. For some reason, it seems the more exposed we are, the lower price we are headed to

Exposure was bigger in May and June than this month.

In fact, there is a good correlation between Bitcoin popularity and price, as evidenced by google trends and alexa rankings.

[Explodicle]

First NPR, now CNN. For some reason, it seems the more exposed we are, the lower price we are headed to

My poorly grounded observation: it's always a couple days between big news stories and price rises, since it takes a while to bring USD in through exchanges. You can bet your ass I'm not selling right now.

[FlipPro]

Bruce is going to be famous ! 

[Bitcoin Swami]

Bruce is going to be famous ! 

He will be able to get any chick he wants (if he's into that kinda thing). 

[FlipPro]

Bruce is going to be famous !  

He will be able to get any chick he wants (if he's into that kinda thing).  

I see what you are doing there, and I don't like it...

[myhoho]

I'll be rich with bitcoin .

not if you dont stop your gambling addiction.  

offtopic:  I don't have any gambling addiction, moreover I'm making profit with 95% of risky investments I do (for sure, it works for bitcoin itself and some bitcoin-based activities)...

In fact, there is a good correlation between Bitcoin popularity and price, as evidenced by google trends and alexa rankings.

 It's obvious. We don't have any other relevant criteria.  

[Bitcoin Swami]

I'll be rich with bitcoin .

not if you dont stop your gambling addiction.  

offtopic:  I don't have any gambling addiction, moreover I'm making profit with 95% of risky investments I do (for sure, it works for bitcoin itself and some bitcoin-based activities)...

In fact, there is a good correlation between Bitcoin popularity and price, as evidenced by google trends and alexa rankings.

 It's obvious. We don't have any other relevant criteria.  

I was just messing around, I got a gambling link in my sig too.

[Bitcoin Swami]

Bruce is going to be famous !  

He will be able to get any chick he wants (if he's into that kinda thing).  

I see what you are doing there, and I don't like it...

Wha?

[FlipPro]

This is great news you guys! The reporting was really fair, and and genuine. Great job CNN.

[AngelusWebDesign]

I wouldn't trust CNN. They are beholden to the existing system of Big Business, Big Banks, etc.

Notice the Bitcoin "taking off like a rocket" at the beginning, implying hyperinflation or too many coins in circulation.

These stories *never* focus on the actual value of BTC -- what makes them special. It's the fact that you can't hack or fake them. Hacking or faking them would be MORE difficult than just mining some real ones. The aspect of how the block chain is un-hackable, and becomes more-so with every increase in processing power the Bitcoin network undergoes.

I mean, what if I started a website called Matthew Bucks and people deposited money there, and sent money between accounts -- basically like Paypal.

How is Bitcoin different than that? That's what I'm talking about. This isn't another Beanz, Paypal, or any other digital micro-currency. It's actually a PRODUCT albeit an electronic one. What you're PAYING FOR is a private key that gives you access to a cryptographic item that is used to transfer wealth between people anywhere in the world. And they're quite liquid.

That's one thing that repeatedly gives me pause every time I'm tempted to think Bitcoin is finished. Everything else, I have to go with the naysayers (not enough practical uses, no places to spend them, users are mostly speculators, etc.)

[evoorhees]

I wouldn't trust CNN. They are beholden to the existing system of Big Business, Big Banks, etc.

Notice the Bitcoin "taking off like a rocket" at the beginning, implying hyperinflation or too many coins in circulation.

These stories *never* focus on the actual value of BTC -- what makes them special. It's the fact that you can't hack or fake them. Hacking or faking them would be MORE difficult than just mining some real ones. The aspect of how the block chain is un-hackable, and becomes more-so with every increase in processing power the Bitcoin network undergoes.

I mean, what if I started a website called Matthew Bucks and people deposited money there, and sent money between accounts -- basically like Paypal.

How is Bitcoin different than that? That's what I'm talking about. This isn't another Beanz, Paypal, or any other digital micro-currency. It's actually a PRODUCT albeit an electronic one. What you're PAYING FOR is a private key that gives you access to a cryptographic item that is used to transfer wealth between people anywhere in the world. And they're quite liquid.

That's one thing that repeatedly gives me pause every time I'm tempted to think Bitcoin is finished. Everything else, I have to go with the naysayers (not enough practical uses, no places to spend them, users are mostly speculators, etc.)

Slam the mainstream media all you want, but when they put out a fair and reasonable piece, you should acknowledge it. The video was very balanced and, IMO, well done.

Letting your own biases cloud your judgement would be ironic given that you're critical of CNN for that very same thing...

[swusc2]

I wouldn't trust CNN. They are beholden to the existing system of Big Business, Big Banks, etc.

Notice the Bitcoin "taking off like a rocket" at the beginning, implying hyperinflation or too many coins in circulation.

These stories *never* focus on the actual value of BTC -- what makes them special. It's the fact that you can't hack or fake them. Hacking or faking them would be MORE difficult than just mining some real ones. The aspect of how the block chain is un-hackable, and becomes more-so with every increase in processing power the Bitcoin network undergoes.

I mean, what if I started a website called Matthew Bucks and people deposited money there, and sent money between accounts -- basically like Paypal.

How is Bitcoin different than that? That's what I'm talking about. This isn't another Beanz, Paypal, or any other digital micro-currency. It's actually a PRODUCT albeit an electronic one. What you're PAYING FOR is a private key that gives you access to a cryptographic item that is used to transfer wealth between people anywhere in the world. And they're quite liquid.

That's one thing that repeatedly gives me pause every time I'm tempted to think Bitcoin is finished. Everything else, I have to go with the naysayers (not enough practical uses, no places to spend them, users are mostly speculators, etc.)

That's like saying since you pay your bills with Fiat currency we can't trust you or expect you aren't telling the full story.

Sorry but I don't trust your saying to not trust them in their saying because you use the "System".

All media attention is inherently slightly biased towards whoever pays them the big bucks. Now I'm sorry the biggest corporation is "government", just as how some places the biggest corporation is the mafia, or some mega-conglomerate. News will more or less always be biased to who has money and power, now if you don't like that tough luck. It's not like it's going to change if Bitcoin dominated and some early adopter(s) became super powerful and controlled the media.

Take it for what it is worth. It could be "Bitcoin, the Devils Work." Would that be any better?

[noedaRDH]

Another biased report; mentions of the word "Ponzi scheme", "illegal activities" and etc without explaining such arguments ("some say...").

Maybe we should all stop using cash? Since cash is probably the most popular method of illegal transactions, ie drug dealing.

The fuction of a currency has nothing to with stopping it from being used for illegal or shameful purposes. As long as people want drugs or porn or whatever else, they will find ways to use any currency as a trading tool, be it cash or Bitcoins or golden nuggets. It's not Bitcoins' job, it's an issue with people.

For every hint of a "pro" Bitcoin argument, they present a dozen useless negative fallacies about Bitcoin. Why don't they mention how Bitcoin cannot be willingly printed at mass out of thin air? The guy from WIRED didn't mention any of the security aspects of Bitcoins and how it cannot be easily counterfeited.