Bitcoin Forum
December 07, 2024, 04:50:55 AM *
News: Latest Bitcoin Core release: 28.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: [1]
  Print  
Author Topic: CNBC Releases Bitcoin Article  (Read 1402 times)
swusc2 (OP)
Sr. Member
****
Offline Offline

Activity: 304
Merit: 250


Do your part for Bitcoin!


View Profile
July 20, 2011, 10:46:24 PM
 #1

CNBC just released an article about Bitcoin. The read is pretty good compared to most other articles and is fairly comprehensive for a short piece.

http://www.cnbc.com/id/43823614

Impress your friends! Buy a bitcoin keychain!
http://forum.bitcoin.org/index.php?topic=30799.0
Oldminer
Legendary
*
Offline Offline

Activity: 1022
Merit: 1001



View Profile
July 20, 2011, 10:53:47 PM
 #2

Fair article

If you like my post please feel free to give me some positive rep https://bitcointalk.org/index.php?action=trust;u=18639
Tip me BTC: 1FBmoYijXVizfYk25CpiN8Eds9J6YiRDaX
MKW2012
Jr. Member
*
Offline Offline

Activity: 74
Merit: 1


View Profile
July 20, 2011, 11:13:19 PM
 #3

That was interesting article. They had an article last month about the Bitcoin crash.
Jered Kenna (TradeHill)
Sr. Member
****
Offline Offline

Activity: 420
Merit: 250



View Profile WWW
July 20, 2011, 11:26:17 PM
 #4

I don't agree with how most are reporting BTC going to near 0.
With the rollback and lack of actual trades happening the value didn't really go to 0.

Other than that, and I imagine that's how history will remember it. This was a great article.

Jered

moneyandtech.com
@moneyandtech @jeredkenna
error
Hero Member
*****
Offline Offline

Activity: 588
Merit: 500



View Profile
July 20, 2011, 11:33:30 PM
 #5

Very bullish piece overall. And in just the right place, too.

3KzNGwzRZ6SimWuFAgh4TnXzHpruHMZmV8
KaptainBlaZzed
Newbie
*
Offline Offline

Activity: 100
Merit: 0


View Profile
July 20, 2011, 11:44:31 PM
 #6

good article, need to send it to a few people.
Smalleyster
Member
**
Offline Offline

Activity: 84
Merit: 10


I yam what I yam. - Popeye


View Profile WWW
July 21, 2011, 12:07:54 AM
 #7

As mentioned very well done. posted it to both FaceBook and Google+.

Feel like investing in a Miner?:
http://bitcointalk.org/index.php?topic=30044.msg377773#msg377773
A soup to nuts newbee system for a secure, portable USB wallet (free instructions):
NoobHowTo: http://bitcointalk.org/index.php?topic=27088.msg341387#msg341387
wormbog
Hero Member
*****
Offline Offline

Activity: 561
Merit: 500



View Profile
July 21, 2011, 12:58:49 AM
 #8

Light on the technical details and mostly accurate. Overall a good piece for CNBC.
Smalleyster
Member
**
Offline Offline

Activity: 84
Merit: 10


I yam what I yam. - Popeye


View Profile WWW
July 21, 2011, 01:10:10 AM
 #9

Light on the technical details and mostly accurate. Overall a good piece for CNBC.

The reason it was good is because it was light on the technical details which John and Jane Q Public will never be interested in.

Feel like investing in a Miner?:
http://bitcointalk.org/index.php?topic=30044.msg377773#msg377773
A soup to nuts newbee system for a secure, portable USB wallet (free instructions):
NoobHowTo: http://bitcointalk.org/index.php?topic=27088.msg341387#msg341387
Melbustus
Legendary
*
Offline Offline

Activity: 1722
Merit: 1004



View Profile
July 21, 2011, 01:51:55 AM
 #10

Light on the technical details and mostly accurate. Overall a good piece for CNBC.

The reason it was good is because it was light on the technical details which John and Jane Q Public will never be interested in.


Yes, these articles should indeed explain things simply (ie, without lots of technical detail). I wish, though, that they'd emphasize quickness of transactions, the fact that the fees are extremely low or non-existent, and micro-payments are fully practical. These articles always skim over what's truly cool (from an average person's perspective) about bitcoin!

Bitcoin is the first monetary system to credibly offer perfect information to all economic participants.
shackleford
Full Member
***
Offline Offline

Activity: 281
Merit: 100



View Profile
July 21, 2011, 02:27:40 AM
 #11

"Given the currency's instability, that led to rapid inflation and the currency value peaked at nearly $28 on June 9."
 Huh

"On June 19, Mt. Gox, the most popular bitcoin exchange, saw the value of the currency drop from $17 to nearly zero in just a few minutes after hackers gained access to an account with a large number of bitcoins, and sold them all off. The site suspended trading for six days, as it upgraded security and "rolled back" exchange prices to the pre-hack level.  The hack and others like it underscore the problem with the unregulated nature of bitcoins."
It would be nice if they compared it to the flash crash in the highly regulated stock markets a few years back..

"The FDIC doesn't guarantee virtual currencies. "
HAHA
Kermee
Full Member
***
Offline Offline

Activity: 154
Merit: 100



View Profile
July 21, 2011, 02:40:06 AM
 #12

"The FDIC doesn't guarantee virtual currencies."

Damn.

 Grin

Cheers,
Kermee
Pages: [1]
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!