2013-06-03 Cambridge House interviews Mike Maloney - Why Bitcoin Is Wonderful

[FeedbackLoop]

Mike Maloney on Bitcoin (excerpt):

https://www.youtube.com/watch?v=XZ4bVgzxp2g

Full interview by Cambridge House youtube channel:

https://www.youtube.com/watch?v=iBHNhC5GV7Y

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[bitbouillion]

Another goldbug embraces Bitcoin.

[FeedbackLoop]

He embraces it in the sense that he thinks free market currencies are good. From what he says after he doesn't seem to be invested in any way financial in the Bitcoin economy.

I think it's about the same as with Ron Paul.

[LiteCoinGuy]

wow cool, i love Mike 

[Robin_Good]

The "idea" of Bitcoin is great but there are "holes". The Mt Gox debacle is a good example.  The value of Bitcoin dropped by half when that happened and it was only a few years ago when Bitcoin dropped to around a single dollar

[epere]

It is important to take all information with a bit of skepticism. I do understand that. Still I think its a great video.

[Ron~Popeil]

The "idea" of Bitcoin is great but there are "holes". The Mt Gox debacle is a good example.  The value of Bitcoin dropped by half when that happened and it was only a few years ago when Bitcoin dropped to around a single dollar

That is part of growing a healthy economy. Gox was an awful event for a lot of people but we all ready see improved security and protections with exchanges. Disasters always bring improvements.

[Lethn]

I watched this guys videos! Awesome!

[cr1776]

The "idea" of Bitcoin is great but there are "holes". The Mt Gox debacle is a good example.  The value of Bitcoin dropped by half when that happened and it was only a few years ago when Bitcoin dropped to around a single dollar

It was only a bit over 3 years ago that bitcoin reached dollar parity for the first time on its way up from zero.

Blaming bitcoin for Gox is like blaming the the US Treasury because the local petrol station didn't lock it's safe and was robbed. The price of bitcoin isn't the most important thing as an indicator of success, the ecosystem and functionality is.

[Lethn]

The "idea" of Bitcoin is great but there are "holes". The Mt Gox debacle is a good example.  The value of Bitcoin dropped by half when that happened and it was only a few years ago when Bitcoin dropped to around a single dollar

It was only a bit over 3 years ago that bitcoin reached dollar parity for the first time on its way up from zero.

Blaming bitcoin for Gox is like blaming the the US Treasury because the local petrol station didn't lock it's safe and was robbed. The price of bitcoin isn't the most important thing as an indicator of success, the ecosystem and functionality is.

I agree, you can't blame a currency for the problems of a company, it's nonsense, if this happened in the dollar nobody would be blinking an eye and it actually happens on a regular basis with the dollar.

[Pierre11]

Mike is a vefy good speaker.

Very good video