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Author Topic: 2014-01-24 NYTimes - "Bitcoin Is Not Yet Ready for the Real World"  (Read 1180 times)
cdog (OP)
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January 24, 2014, 08:02:25 PM
 #1

http://dealbook.nytimes.com/2014/01/24/bitcoin-is-not-yet-ready-for-the-real-world/

This is from the Dealbook section of the Times, which is like a blog of business related opinion pieces. Still, its troubling that a venerated institution such as the NYT would host such uninformed opinions as:

"Could it be that this coding genius is instead enjoying computer-manufactured riches on some remote, tax-free island, or is he a cyber-terrorist who upon Bitcoin adoption will activate a Trojan-horse virus to bring world commerce back to the Stone Age?"

odolvlobo
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January 24, 2014, 08:33:25 PM
 #2

I agree that Bitcoin is not yet ready for the Real World. But my argument is that if the people who should have basic knowledge of Bitcoin (such as the author) are still so woefully misinformed, then Bitcoin still has a long way to go.

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bitbouillion
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January 24, 2014, 09:30:01 PM
 #3

http://dealbook.nytimes.com/2014/01/24/bitcoin-is-not-yet-ready-for-the-real-world/

"Could it be that this coding genius ... will activate a Trojan-horse virus to bring world commerce back to the Stone Age?"

That's a risk with every downloadable software. The more centralized, the less open, the higher the risk.


hilariousandco
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January 24, 2014, 09:52:41 PM
 #4

I agree that Bitcoin is not yet ready for the Real World. But my argument is that if the people who should have basic knowledge of Bitcoin (such as the author) are still so woefully misinformed, then Bitcoin still has a long way to go.

I think it's more the other way round: The real world isn't ready for Bitcoin  Grin.

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BTCisthefuture
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January 25, 2014, 04:27:11 AM
 #5

While it's true that some improvement need to continue to be made for bitcoin to become more practical for most people in day to day shopping/living situations this author comment about bitcoin potentially being a trojan horse created by a cyber criminal who's going to make it all crash down at the right moment is really amazing to hear.  I wish people would do some more research before making such comment in such a widely seen blog post.

If you want to contact him directly and explain why the technical aspects of bitcoin or safe or how the core developers of bitcoin are known to the public and we can all see whats being worked on and put our input feel free to let him know at  williams@bu.edu  .  Jut keep it polite and respectful, I think a guy like this would probably change his mind on some of the comments he made if people politely let him know what was wrong with what he said .

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