A Late Show with Stephen Colbert calls bitcoin a scam

[jossiel]

I guess we should expect that always coming from uneducated folks. They are free to say things that they want to say and describe bitcoin at the best of their definition. But, that doesn't mean they are intelligent which we obviously know what's the truth.

He should address more the Twitter hack rather than bitcoin. The twitters system not bitcoin. If he has a logic, he will understand why the hackers are asking for bitcoin because, it is money not a scam.

[buwaytress]

For those who may not know Stephen, he used to do parody show, satirising everything, so including this Twitter scam and so called Bitcoin is a scam, so I wouldn't take his words seriously. And as @Wind_FURY has said, honey badger, doesn't care, 

https://www.youtube.com/watch?v=4r7wHMg5Yjg

Yup, and to clarify, he starts off the segment by saying: "Now if you're not familiar, a Bitcoin scam is anything involving Bitcoin."

Maybe I'm wrong but that tone and look after he said that, and the rest of his show, is all tongue in cheek.

It's news, come on. Twitter scam, Bitcoin scam, bitcointalk scam. If that keeps people away from these things because they're not willing to find out more, well, then these things aren't for them =)

[Finestream]

People on TV should be careful with what they are talking, they have a lot of viewers so it could influence the mind of his followers.
But actually it's not the first time, and in fact it only make bitcoin stronger because despite there's a lot of criticism from big names in the past, bitcoin still survives and we are even performing better compared to the stock market where people think the most legit investment.

Maybe we should educate this guy with a graph comparing the stock market which are performing at its worst. 

[carlfebz2]

Just curious if anyone else caught A Late Show with Stephen Colbert a few days ago where he spoke about the twitter hack where the hacker requested payment in bitcoin. During the segment he calls bitcoin a scam.  A pretty uneducated statement that was unfortunate to see. Obviously it didn't have much of an impact on bitcoin, but still kinda noteworthy.

https://www.youtube.com/watch?v=F8DDvJkx07U
Jump forward to 3:24

This signifies that these bitches doesnt know or doesnt even tend to make up a little bit of basic research and trying to show up that they do know about much more on what theyve been talking.

Yeah this one is another thing that do give out bad impression towards Bitcoin and also this isnt something new though and you are right that things like these wont really give out significant impact on
its image.

The one who knows the real thing will surely just ignore these words.

[7788bitcoin]

Just curious if anyone else caught A Late Show with Stephen Colbert a few days ago where he spoke about the twitter hack where the hacker requested payment in bitcoin. During the segment he calls bitcoin a scam.  A pretty uneducated statement that was unfortunate to see. Obviously it didn't have much of an impact on bitcoin, but still kinda noteworthy.

To be frank i am hearing this name for the first time, like all the media personalities there is another person who wants his walk of fame bashing bitcoin and cryptocurrency and there is no point in discussing all these negative whores who does not have any idea about the market and still have their opinion because it is a free country  .

[Sanitough]

During the segment he calls bitcoin a scam.

I watched the video mate, I never heard Stephen Colbert called bitcoin a scam, what he said is a bitcoin scam, and he explains it that a bitcoin scam is anything involving bitcoin. So it my understanding, it does not mean bitcoin is a scam.

same

Yup, and to clarify, he starts off the segment by saying: "Now if you're not familiar, a Bitcoin scam is anything involving Bitcoin."

I'm wondering if you guys watch the video.

[Reatim]

Just curious if anyone else caught A Late Show with Stephen Colbert a few days ago where he spoke about the twitter hack where the hacker requested payment in bitcoin. During the segment he calls bitcoin a scam.  A pretty uneducated statement that was unfortunate to see. Obviously it didn't have much of an impact on bitcoin, but still kinda noteworthy.



https://www.youtube.com/watch?v=F8DDvJkx07U
Jump forward to 3:24

I think the Man don't trust Bitcoin at all?because  before the show begins the Host already studied the  topic and surely he had  idea  what  bitcoin is all about?

Or  he had  researched in a wrong place thats why what he had is negatives about Bitcoin?

But you are correct this is very unprofessional because in Live TV you will speak as if you know what you are talking but the truth is all you know is shit.

He don't deserve to be a Host if  he only Looks in single side though it is His right to give own opinion.

One day He will realize what is wrong in His statement now.

[Kelvinid]

Nothing to do with the anti-Bitcoin because they are blind enough to see the reality out from these scamming and hacking issues brought by these scammers.

Should we need to push Stephen Colbert to change his mind? probably he's not and probably we can't make it. But for those who know already about crypto/Bitcoin, they surely ignore him and his show.

 It was a dumb thing to see that people can't move on from this twitter account hacking event. It has been moving into a resolution and thinks we need to forget about it.

[witcher_sense]

I watched the video mate, I never heard Stephen Colbert called bitcoin a scam, what he said is a bitcoin scam, and he explains it that a bitcoin scam is anything involving bitcoin. So it my understanding, it does not mean bitcoin is a scam.

same

Yup, and to clarify, he starts off the segment by saying: "Now if you're not familiar, a Bitcoin scam is anything involving Bitcoin."

I'm wondering if you guys watch the video.

Have you heard about dollar scams, those ones involving dollar? I have, actually, but never heard of someone calling them that way - dollar scam. It would make us thinking that dollar is used for illicit purposes. As we all know, it is widely used for such purposes but no media will point on that fact. Why would media do that in case of bitcoin then? In fact, there is no significant difference between two currencies, because sometimes both are being used  by some bad guys to decieve good ones. Maybe someone trying to deliberately render bitcoin bad currency by calling some hacker attack bitcoin scam? And what does it mean, anyway? Bitcoin scam is anything involving bitcoin. Bitcoin mining is something involving bitcoin. Is it scam too?

[Reid]

"A bitcoin scam is anything involving Bitcoin."

And he even said that line with a straight face lol. Yeap, that's either just pure ignorance, or they know what they're doing and he said that line mostly to spark discussions in crypto-communities(like what we're doing right now).

I replayed it like 4 times trying to understand and asking myself. "Is he serious or just joking?"
Yeah, that was the script.
Hardcore statements without knowledge.
So if they ask for USD.
Anything involving United States of America?   I'll go hardcore too!

[Sanitough]

I watched the video mate, I never heard Stephen Colbert called bitcoin a scam, what he said is a bitcoin scam, and he explains it that a bitcoin scam is anything involving bitcoin. So it my understanding, it does not mean bitcoin is a scam.

same

Yup, and to clarify, he starts off the segment by saying: "Now if you're not familiar, a Bitcoin scam is anything involving Bitcoin."

I'm wondering if you guys watch the video.

Have you heard about dollar scams, those ones involving dollar? I have, actually, but never heard of someone calling them that way - dollar scam. It would make us thinking that dollar is used for illicit purposes. As we all know, it is widely used for such purposes but no media will point on that fact. Why would media do that in case of bitcoin then? In fact, there is no significant difference between two currencies, because sometimes both are being used  by some bad guys to decieve good ones. Maybe someone trying to deliberately render bitcoin bad currency by calling some hacker attack bitcoin scam? And what does it mean, anyway? Bitcoin scam is anything involving bitcoin.

Maybe Stephen Colbert has a little knowledge about bitcoin, but the way he explains it, he emphasize the meaning of bitcoin scam as anything involving bitcoin or in my understanding any scam that involves bitcoin.

Bitcoin mining is something involving bitcoin. Is it scam too?

No, because bitcoin mining is not a scam in general, but if there scammers out there will use bitcoin mining to scam people, Stephen might call it bitcoin mining scam, but it does address to the general bitcoin mining as a scam.

My conclusion is, BITCOIN SCAM is not BITCOIN IS SCAM. These two has different meaning.

[Cnut237]

It's irritating, but understandable that it happened. TV personalities are expected to give an opinion on whatever is the topic of the day. Of course they can't be experts in all (or really any) of these, the subjects are many and varied, so there is only the time to develop a superficial understanding. It's little different from the modern TV news phenomenon of vox pops. If you want an informed opinion on something, get an expert, or preferably experts from both sides, and a mediator, and then have an informed debate. On the other hand, if you want light entertainment with little substance, that's what you get.

[Rengga Jati]

Did he only want popularity by delivering such kind of words?

Just curious if anyone else caught A Late Show with Stephen Colbert a few days ago where he spoke about the twitter hack where the hacker requested payment in bitcoin. During the segment, he calls bitcoin a scam.  

Well, I really want to ask him, if someone uses the money to do some criminal and scams, does it mean that the "money" is a scam?
I think not. Bitcoin, crypto, money, and other currencies may be media for that kind of criminal or fraud or scam systems. they use BTC because it is easy to be used for worldwide transaction moreover anonymously. however, we cannot call BTC is a scam because this is media, not the actor of the scammer. I don't think that their words will give big influence in the crypto world. Just lets it flow.

[Sanugarid]

Well I guess there's nothing wrong calling the late incident in twitter a 'bitcoin scam', I would react violently if he said' bitcoin is a scam' different meaning, different purpose but if what he really want to tell is that bitcoin is a scam, then we should consider him uneducated about bitcoin. Anyways who believes on a comedian about these certain technical things? He's a television host but who is he to call it a scam on his own? I guess this might also affect the bitcoin somehow since that was broadcasted on a national television, maybe some people didn't not continue investing on bitcoin after seeing it. Anyways seeing bitcoin on television makes me glad, even how hard they try to condemn it 

[Swordsoffreedom]

"A bitcoin scam is anything involving Bitcoin."
And he even said that line with a straight face lol. Yeap, that's either just pure ignorance, or they know what they're doing and he said that line mostly to spark discussions in crypto-communities(like what we're doing right now).

I replayed it like 4 times trying to understand and asking myself. "Is he serious or just joking?"
Yeah, that was the script.
Hardcore statements without knowledge.
So if they ask for USD.
Anything involving United States of America?   I'll go hardcore too!

hahaha. I think it too, what a nonsense statement is that! I thing he has not any knowledge about Bitcoin or scam. Everything has some bad and good sides. we have to choose only the good side and use that thing only for our good. if we do bad thing with the help of decentralized Bitcoin, then it is definitely our fault. there are many good aspects of bitcoin, we should have to promote that.

[pixie85]

"A bitcoin scam is anything involving Bitcoin."

And he even said that line with a straight face lol. Yeap, that's either just pure ignorance, or they know what they're doing and he said that line mostly to spark discussions in crypto-communities(like what we're doing right now).

Why doesn't a scam that involves US Dollar or Euro isn't a Dollar or Euro scam?

They usually write stupid things like that to scare people away from using something.

If someone found a way to hack into your iphone and they wrote "a recent attack on iphone users" it would be fair but if they wrote "a recent iphone scam" it's ambiguous and makes the company look bad.

Bitcoin is not a company and cannot defend itself so those hyenas know it's vulnerable and attack it. It's deliberate.

[bittraffic]

Its what been said to them and the guys who told that to them are somewhat to their eyes he is telling the truth every time. Many of those who have no knowledge of the technology behind BTC and the market will often see it to be a scam. Nonetheless, its there and BTC reached to TV program once again. Though not very good publicity but its there which can spark the interest of people.

[kawetsriyanto]

~Stephen Colbert~

Unfortunately, I don't even know about this person until I browsed on google and found him. Silly of me who don't know this very popular person 

Stephen Tyrone Colbert is an American comedian, television host, and writer.

But, does his statement influence to the Bitcoin? Does he have any relationship with the crypto world? is he also a crypto expert? Does he know about Bitcoin and cryptocurrency?
If he knows, he will never say that kind of statement. LOL
Well, whoever he is, personally I believe that BTC is not a scam. The people who use it for criminal and scam are the scammers, but not the BTC. Just simple. Many people have been taking profits from this. Probably, he is not yet earning a single cent of BTC profits. 

[Lorence.xD]

Well I guess there's nothing wrong calling the late incident in twitter a 'bitcoin scam', I would react violently if he said' bitcoin is a scam' different meaning, different purpose but if what he really want to tell is that bitcoin is a scam, then we should consider him uneducated about bitcoin. Anyways who believes on a comedian about these certain technical things? He's a television host but who is he to call it a scam on his own? I guess this might also affect the bitcoin somehow since that was broadcasted on a national television, maybe some people didn't not continue investing on bitcoin after seeing it. Anyways seeing bitcoin on television makes me glad, even how hard they try to condemn it 

I also had that thought at first because of the title which is really miseading a lot of people, I do think that OP should work on the title because the thread wasn't really connected with the title. Regarding the Twitter scam, it is very sad but at the same time infuriating because people fall for this scam knowing that it is too good to be true. The quote above is an example of misleading information, the host takes the blame for a improperly worded title, to be clear, the host calls out on the Twitter scams not the bitcoin itself, that two is entirely different.

[Bes19]

If he said that the twitter hack is a bitcoin scam, then he is right but if he said in general that BITCOIN is indeed a scam then he is one of those people who doesn't have any knowledge about bitcoin or the whole cryptocurrency. Some of my friends think that way but i try to explain every single thing about Bitcoin so they could understand it.