Bitcoin arrests makes front page of NYPOST online. Not good for crypto.

[Pangia]

http://nypost.com/2014/01/27/dea-irs-bust-bitcoin-pitchman-for-selling-currency-to-silk-road/

This isn't how the masses should be introduced to crypto.

[satosh007]

There’s no such thing as bad publicity!
He his actions are personal regardless of his volunteer/official position.

[pungopete468]

There is absolutely such a thing as bad publicity when you combine it with misunderstanding.

[hilariousandco]

http://nypost.com/2014/01/27/dea-irs-bust-bitcoin-pitchman-for-selling-currency-to-silk-road/

This isn't how the masses should be introduced to crypto.

Still gets Bitcoin's name out there. Any currency will be used for things good or bad. The public's perception of BTC will hopefully swing to more positive things over time.

[QuestionAuthority]

That's right, this publicity is good for Bitcoin. It will guarantee, that in the minds of all Americans, Bitcoins are only for drug users and drug related businesses. Excellent news! O_o

[bbit]

http://nypost.com/2014/01/27/dea-irs-bust-bitcoin-pitchman-for-selling-currency-to-silk-road/

This isn't how the masses should be introduced to crypto.

Still gets Bitcoin's name out there. Any currency will be used for things good or bad. The public's perception of BTC will hopefully swing to more positive things over time.

Basically this! at the of the day there isn't anything better then bad news lol

[BreathOfZen]

There’s no such thing as bad publicity!
He his actions are personal regardless of his volunteer/official position.

Yeah, as disgraceful as this whole thing is, yesterday the masses of New York didn't really know anything about Bitcoin except that it is for nerds, and today they know that it is the new sexy high-value "thing" that is fashionable among drug dealers.  In America, this is one of the apexes of success.

[URSAY]

The story is on every news outlet.  I hope we can get 1000 more identical posts about it here on btctalk.   

[Phinnaeus Gage]

That's right, this publicity is good for Bitcoin. It will guarantee, that in the minds of all Americans, Bitcoins are only for drug users and drug related businesses. Excellent news! O_o

And for betting on the 420 Bowl I--Washington vs. Colorado.

[QuestionAuthority]

There’s no such thing as bad publicity!
He his actions are personal regardless of his volunteer/official position.

Yeah, as disgraceful as this whole thing is, yesterday the masses of New York didn't really know anything about Bitcoin except that it is for nerds, and today they know that it is the new sexy high-value "thing" that is fashionable among drug dealers.  In America, this is one of the apexes of success.

Yes, it will also be great when the moral middle American voting public scream for laws against that evil corrupter of American youth. The evil Bitcoin! Don't assume the outcome of this will be positive. The more people that know the more of them that can demand action.

[BreathOfZen]

There’s no such thing as bad publicity!
He his actions are personal regardless of his volunteer/official position.

Yeah, as disgraceful as this whole thing is, yesterday the masses of New York didn't really know anything about Bitcoin except that it is for nerds, and today they know that it is the new sexy high-value "thing" that is fashionable among drug dealers.  In America, this is one of the apexes of success.

Yes, it will also be great when the moral middle American voting public scream for laws against that evil corrupter of American youth. The evil Bitcoin! Don't assume the outcome of this will be positive. The more people that know the more of them that can demand action.

Yup, like the way that this same group put an end to rock and rap music with terrible moral content, put an end to the drug trade, and all the other victories that they have achieved over the years.

[pungopete468]

There’s no such thing as bad publicity!
He his actions are personal regardless of his volunteer/official position.

Yeah, as disgraceful as this whole thing is, yesterday the masses of New York didn't really know anything about Bitcoin except that it is for nerds, and today they know that it is the new sexy high-value "thing" that is fashionable among drug dealers.  In America, this is one of the apexes of success.

Yes, it will also be great when the moral middle American voting public scream for laws against that evil corrupter of American youth. The evil Bitcoin! Don't assume the outcome of this will be positive. The more people that know the more of them that can demand action.

Yup, like the way that this same group put an end to rock and rap music with terrible moral content, put an end to the drug trade, and all the other victories that they have achieved over the years.

They still fight hard against it.

This is the day before the NYSDFS meeting; I think this will become an unnecessary obstacle.

[QuestionAuthority]

There’s no such thing as bad publicity!
He his actions are personal regardless of his volunteer/official position.

Yeah, as disgraceful as this whole thing is, yesterday the masses of New York didn't really know anything about Bitcoin except that it is for nerds, and today they know that it is the new sexy high-value "thing" that is fashionable among drug dealers.  In America, this is one of the apexes of success.

Yes, it will also be great when the moral middle American voting public scream for laws against that evil corrupter of American youth. The evil Bitcoin! Don't assume the outcome of this will be positive. The more people that know the more of them that can demand action.

Yup, like the way that this same group put an end to rock and rap music with terrible moral content, put an end to the drug trade, and all the other victories that they have achieved over the years.

I didn't say they would put an end to it but it would make it easier if they didn't want to attack. Of course you can still buy drugs in America. Can you go to the corner store and buy drugs? No. It would be nice if we all don't have to use our Bitcoins in secret.

Comparing drugs to music is just silly. I'm going to skip commenting on that one.

[Acidyo]

Can't be that bad for bitcoin, I'm sure there have been more good news about btc than bad ones.

[ascalon]

People on this forum are far too concerned with perceptions.

[Holliday]

This is going to ruin Bitcoin's good name!

[QuestionAuthority]

This is going to ruin Bitcoin's good name!

If everyone already knew what Bitcoin was this would do nothing. If TBF had not set themselves up as the premiere Bitcoin organization this would do nothing. If the main devs were not closely tied to TBF this would do nothing. Their are many perception issues here that will hurt when you attempt to recruit the average joe into Bitcoin from this point forward.

[pungopete468]

This is going to ruin Bitcoin's good name!

If everyone already knew what Bitcoin was this would do nothing. If TBF had not set themselves up as the premiere Bitcoin organization this would do nothing. If the main devs were not closely tied to TBF this would do nothing. Their are many perception issues here that will hurt when you attempt to recruit the average joe into Bitcoin from this point forward.

Sadly I fear you're right on this one. It won't kill us but it certainly won't help us.

This needs to be considered and discussed.

[BitCoinNutJob]

the war has begun

[knedle]

THere is no "no good for crypto" in that.

This is only "no good for guys like him" crypto is just another way of paying and stashing your profits. When you read about a drug dealer, you're not thinking "oops, not good for dollars", are you?