Bitcoin Forum
May 14, 2024, 05:20:52 AM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: [1]
  Print  
Author Topic: 2014-01-24 NYTimes - "Bitcoin Is Not Yet Ready for the Real World"  (Read 1174 times)
cdog (OP)
Hero Member
*****
Offline Offline

Activity: 1036
Merit: 500


View Profile
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?"

1715664052
Hero Member
*
Offline Offline

Posts: 1715664052

View Profile Personal Message (Offline)

Ignore
1715664052
Reply with quote  #2

1715664052
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
1715664052
Hero Member
*
Offline Offline

Posts: 1715664052

View Profile Personal Message (Offline)

Ignore
1715664052
Reply with quote  #2

1715664052
Report to moderator
1715664052
Hero Member
*
Offline Offline

Posts: 1715664052

View Profile Personal Message (Offline)

Ignore
1715664052
Reply with quote  #2

1715664052
Report to moderator
1715664052
Hero Member
*
Offline Offline

Posts: 1715664052

View Profile Personal Message (Offline)

Ignore
1715664052
Reply with quote  #2

1715664052
Report to moderator
odolvlobo
Legendary
*
Offline Offline

Activity: 4312
Merit: 3214



View Profile
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.

Join an anti-signature campaign: Click ignore on the members of signature campaigns.
PGP Fingerprint: 6B6BC26599EC24EF7E29A405EAF050539D0B2925 Signing address: 13GAVJo8YaAuenj6keiEykwxWUZ7jMoSLt
bitbouillion
Sr. Member
****
Offline Offline

Activity: 868
Merit: 250



View Profile
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
Global Moderator
Legendary
*
Offline Offline

Activity: 3808
Merit: 2617


Join the world-leading crypto sportsbook NOW!


View Profile
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.

  ▄▄███████▄███████▄▄▄
 █████████████
▀▀▀▀▀▀████▄▄
███████████████
       ▀▀███▄
███████████████
          ▀███
 █████████████
             ███
███████████▀▀               ███
███                         ███
███                         ███
 ███                       ███
  ███▄                   ▄███
   ▀███▄▄             ▄▄███▀
     ▀▀████▄▄▄▄▄▄▄▄▄████▀▀
         ▀▀▀███████▀▀▀
░░░████▄▄▄▄
░▄▄░
▄▄███████▄▀█████▄▄
██▄████▌▐█▌█████▄██
████▀▄▄▄▌███░▄▄▄▀████
██████▄▄▄█▄▄▄██████
█░███████░▐█▌░███████░█
▀▀██▀░██░▐█▌░██░▀██▀▀
▄▄▄░█▀░█░██░▐█▌░██░█░▀█░▄▄▄
██▀░░░░▀██░▐█▌░██▀░░░░▀██
▀██
█████▄███▀▀██▀▀███▄███████▀
▀███████████████████████▀
▀▀▀▀███████████▀▀▀▀
▄▄██████▄▄
▀█▀
█  █▀█▀
  ▄█  ██  █▄  ▄
█ ▄█ █▀█▄▄█▀█ █▄ █
▀▄█ █ ███▄▄▄▄███ █ █▄▀
▀▀ █    ▄▄▄▄    █ ▀▀
   ██████   █
█     ▀▀     █
▀▄▀▄▀▄▀▄▀▄▀▄
▄ ██████▀▀██████ ▄
▄████████ ██ ████████▄
▀▀███████▄▄███████▀▀
▀▀▀████████▀▀▀
█████████████LEADING CRYPTO SPORTSBOOK & CASINO█████████████
MULTI
CURRENCY
1500+
CASINO GAMES
CRYPTO EXCLUSIVE
CLUBHOUSE
FAST & SECURE
PAYMENTS
.
..PLAY NOW!..
BTCisthefuture
Sr. Member
****
Offline Offline

Activity: 364
Merit: 250


View Profile
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 .

Hourly bitcoin faucet with a gambling twist !  http://freebitco.in/?r=106463
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!