2013-10-15 Bitcoin: independent, reassuring - interview

[anwen]

http://voiceofrussia.com/2013_10_14/Bitcoin-independent-reassuring-interview-1196/

In the digital world of mass communication where millions of cliental data are saved and transmitted, the issue of digital money is becoming even more essential. Big heads of business don’t trust euro or dollar anymore, so they found a new alternative – Bitcoins. The hype around this virtual payment method is huge but the collapse of this innovative idea is quite probable. Mr. Michael Nowak from the German Internet marketplace bitcoin.de talked with the Voice of Russia about the pros and cons of the new currency.
Read more: http://voiceofrussia.com/2013_10_14/Bitcoin-independent-reassuring-interview-1196/

[aigeezer]

Bizarre piece - a hodgepodge of disconnected fragments, many of which would be interesting if pursued, but very jarring in this jumbled form. Maybe it's a translation problem. Quick examples:

"...A number of cafes accept Bitcoins, but it is not enough to replace other payment methods. It is rather an alternative money concept with unpredictable consequences than a promising idea. The excitement around this fool’s gold might be big, but the snowball effect will be even bigger." Huh?

"...While this sounds like a far-reaching calculation, the Bitcoin staff tries to reassure." Huh?

"What is particularly reassuring about the new currency is that the bank which is in charge of your credit card might become insolvent and you may lose money like what happened in Cyprus." Huh?

and, yes, it really does say - without explanation "The hype around this virtual payment method is huge but the collapse of this innovative idea is quite probable."