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Author Topic: Why does Gizmodo (Gawker) Hate Bitcoin?  (Read 2903 times)
blablahblah
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April 04, 2012, 03:25:45 PM
 #21

And how would that shut down Bitcoin?

Shutting down is likely impossible but Congress Critters talk it sound bites.

"shutting down" = make it extremely difficult to use and allow the network to atrophy.

They "shut down" Online Poker in the US.  Now you still can play but they have made it so hard that the casual players ($$$$$) have all but dried up greatly reducing the profitability on regulars.  In poker people of equal skill lose money in the long run playing against each other (it all goes to the house slowly).

So have they "shutdown" online poker in the US.  Well technically no.  I still have accounts on a handful of sites.  I can still get money into them by sending $1000 by western union to a random person in vietnam who hand carries it to an affiliate who then drops notifies the poker site who updates my balance. 

Have they "effectively" shutdown online poker in the US ... Yes.

So how could they "effectively shutdown Bitcoin" in the US?
1) Prohibit bank transfers to bitcoin exchanges (including Dwolla).
2) Require ISP to use deep packet inspection and drop Bitcoin packets.
3) Require ISP to report users running Bitcoin and send users a letter about said reporting.
4) Hold larger enterprises responsible for Bitcoin traffic (schools, companies, ISP, webhosting providers)
5) Actively engage in reporting and disruption activities (imagine casual user getting letter from FBI asking them to explain why their IP was relaying terrorist funds)

You forgot a couple:
-A smear campaign to demonize existing Bitcoin users and to discourage further adoption by the general public. Oh wait... Gizmodo!
-Apply internal pressures to divide and demoralise the Bitcoin community, thus killing the "idea" that it might actually work. In other words, things like: trolls on forums, dodgy businesses trying to scam people, suspicious market activity...

In my opinion, any official banning is unlikely without first creating a massive co-ordinated attack, hidden in the legalese of something like the multi-national ACTA. Politicians usually seem to be computer illiterate to an extreme degree, which is why I think non-technical warfare is the more likely course.
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finway
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April 04, 2012, 05:42:00 PM
 #22

Gawker is the reason of price rising in last June ?

Yankee (BitInstant)
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April 04, 2012, 06:02:01 PM
 #23

Gawker is the reason of price rising in last June ?

Yes, they caused the massive $30 temporary rise.

Bitcoin pioneer. An apostle of Satoshi Nakamoto. A crusader for a new, better, tech-driven society. A dreamer.

More about me: http://CharlieShrem.com
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April 04, 2012, 06:04:57 PM
 #24

Gawker is the reason of price rising in last June ?
Yes, they caused the massiv $30 temporary rise.

So i guess they don't hate bitcoin that much.

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Charlie 'Van Bitcoin' Shrem


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April 04, 2012, 06:07:26 PM
 #25

Gawker is the reason of price rising in last June ?
Yes, they caused the massiv $30 temporary rise.

So i guess they don't hate bitcoin that much.

LOL I dont think their intentions were 'Hey, lets give this awesome thing free PR'

Especially when the title was 'The Underground Website Where You Can Buy Any Drug Imaginable'

Bitcoin pioneer. An apostle of Satoshi Nakamoto. A crusader for a new, better, tech-driven society. A dreamer.

More about me: http://CharlieShrem.com
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April 04, 2012, 07:58:51 PM
 #26

http://gawker.com/5899019/sellouts-these-days-are-nerds

Perhaps this new article contains some clues.

Civil Liberty Through Complex Mathematics
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e-ducat.fr


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April 04, 2012, 09:47:51 PM
 #27

I am going to start calling Gizmodo a ponzi developed by the pornography industry to funnel money to Islamic terrorists.
I believe this is a very decent reply to the accusations raised by the banking lobby (sometimes referred to as the 4 riders of the infocalipse, protecting the status quo)

Is Gizmodo sponsored by Apple/iTunes ?

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