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Author Topic: According to TechCrunch - We FAIL  (Read 1490 times)
impulse
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January 20, 2012, 03:17:41 AM
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This is pretty priceless, Bitcoin shows what, like a 1500% increase in value from the beginning of 2011 to the end, and we get classified as a failed business model in 2011. Nice!

http://techcrunch.com/2012/01/19/failure-is-an-option-7-businesses-that-tanked-in-2011-slides/
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bittenbob
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January 20, 2012, 03:25:23 AM
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Clearly they do not understand what bitcoin is. They must have thought it was a stock or something and that the price dropping meant the business was failing. It's kind of funny really.

Just because it went from $9 to $30 and came down afterwards this is a failure? How about the fact we are almost back at the value 8 days before the peak again which is impressive. Not to mention the fact it is up a significant percentage year over year right now. I like how they also did not show any of the parabolic recovery we have had for the last several weeks on their chart.
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January 20, 2012, 03:27:14 AM
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Also FAIL: Their website. 

Noscript would have to allow 17 different addresses for the whole page to load.

While on the page I got the first clickjacking attempt I have seen in months as reported by noscript. 

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January 20, 2012, 03:36:27 AM
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It's not actually techcrunch - source is: http://www.boardofinnovation.com/2012/01/19/learn-from-the-7-business-models-that-failed-in-2011/


@electricwings   BM-GtyD5exuDJ2kvEbr41XchkC8x9hPxdFd
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January 20, 2012, 03:54:00 AM
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They list one of the businesses as a success in 2010 and a failure in 2011 - random Smiley
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January 20, 2012, 04:03:36 AM
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Ugh, so ugly I couldn't even get to the Bitcoin part.  This is NOT a threat, whatsoever.
impulse
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January 20, 2012, 04:04:25 AM
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Smiley I blame them anyway!
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January 20, 2012, 04:49:31 AM
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well at least they've mentioned in the slideshow that Bitcoin is recovering in 2012 =)
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January 20, 2012, 05:28:44 AM
 #9

LOL... not only did bitcoin NOT fail in 2011, it was a better investment than anything else on the planet - up over 1,400% for the year.

Hopefully we'll fail again this year!

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January 20, 2012, 05:42:05 AM
 #10

Calling Bitcoin a business = FAIL

notme
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January 20, 2012, 06:01:18 AM
 #11

Even most of their other cases are full of BS.

https://www.bitcoin.org/bitcoin.pdf
While no idea is perfect, some ideas are useful.
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January 20, 2012, 11:17:57 AM
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So much fail
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January 20, 2012, 02:59:41 PM
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They didn't say bitcoin failed, they just said bitcoin got shot in the pancreas, it happens.

Best Bitcoin supported browser game:
Minethings: Dig, Trade, and Fight your way to influence!
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