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Author Topic: Wired article on Bitcoin : The Rise and Fall of Bitcoin  (Read 2462 times)
Littleshop
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November 23, 2011, 09:56:39 PM
 #1

Quite interesting:

http://www.wired.com/magazine/2011/11/mf_bitcoin/all/1

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The Bitcoin network protocol was designed to be extremely flexible. It can be used to create timed transactions, escrow transactions, multi-signature transactions, etc. The current features of the client only hint at what will be possible in the future.
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Littleshop
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November 23, 2011, 10:08:47 PM
 #2

Not a bad article, the most negative part is the title.  Seems pretty factual and avoids most sensationalism.  I wish it was on the front page of Wired though.

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November 23, 2011, 10:16:29 PM
 #3

Good, accurate article.

I'm still not Satoshi, though.

How often do you get the chance to work on a potentially world-changing project?
johnj
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November 23, 2011, 10:17:07 PM
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Good, accurate article.

I'm still not Satoshi, though.


Nice try, Satoshi!

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November 24, 2011, 12:48:23 AM
 #5

this image is labeled:

Key moments in the short and volatile life of bitcoin.



That's it guys, bitcoin is over...
Its been a fun ride.
take-care




 Wink

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November 24, 2011, 04:43:46 AM
 #6

At least they're no longer saying that 'Bitcoin has been hacked' in reference to MtGox being hacked.

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November 24, 2011, 04:48:10 AM
 #7

When Bitcoiners get interviewed, we should try to correct common misconceptions as well as answer the interviewer's questions. 

(BFL)^2 < 0
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November 24, 2011, 04:48:30 AM
 #8

Good read.

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finway
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November 24, 2011, 05:10:38 AM
 #9

Hm, WIRED, this is huge.

and Dan Kaminsky is sitting on the comments:  Grin seems he know who Satoshi is .


quote:

Ken Simpson

I'm siding with Dan Kaminsky. There's little question that Nakamoto is not from Japan, and is not one person. Someone put this thing together and made a killing - probably far more than they had hoped.

However, unlike real Ponzi schemes, Bitcoin actually does useful things - for folks who need to move money around surreptitiously. I think it has a modest future in the medium term as a way of paying people in developing countries for out-sourcing work, where banking systems are not necessarily well established for low cost international payments.

Thus the only "fall" has been the fall of the USD-BTC exchange rate. And that doesn't matter much if your only concern is paying a Chinese developer to craft you up a new WordPress theme.

Littleshop
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November 24, 2011, 05:25:25 AM
 #10

Yes.  It is in the December print edition.  It is not easily found on the front page of wired.com right now though.

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November 24, 2011, 10:40:12 AM
 #11

Someone put this thing together and made a killing - probably far more than they had hoped... However, unlike real Ponzi schemes, Bitcoin actually does useful things


That's pretty much how I feel about MS and Apple.

Any significantly advanced cryptocurrency is indistinguishable from Ponzi Tulips.
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