And this, ladies and gentlebears, is why we like the WSJ

[oda.krell]

@Kipsy89. I'd actually say WSJ has been on "our" side for more than a year (remember the Kashmir Hill pieces about "living on Bitcoin", from 2013?). Just thought the above is a nice illustration of it.

Hill was at Forbes

Jup. You're right. Mixed them up, I guess.

[michaelGedi]

Wouldn't that be the task for the Bitcoin Foundation to do? I mean they should really focus on what's important, rather than do... well, what are they doing, anyway? Every time I hear the name, is when someone gets thrown out for scamming someone, it seems!

yeah maybe, but from my limited understanding The Bitcoin Foundation needs a PR campaign of it's own .

The more natural it seems, and the more decentralised it is the better even if there are some spin doctors behind the scenes pulling the strings.

...
A rebranding is in order ...  or just spinning the word bitcoin in a way that ultimately conjurs up less negative associations. ...

Two-Bit Coin?

 

[HeliKopterBen]

The negative image portrayed by the MSM is completely fake.  The agenda has been pushed so hard that some of you guys actually believe the hype.  For instance, fiat is used much more prevalently for things like terrorism, child pornography and drugs.  Does fiat get a bad rap?  

The legacy financial system is wrought with exchange and bank failure.  The only difference is those legacy institutions are bailed out, while bitcoin exchange failures are gotten rid of, the former working to weaken the system and the latter working to strengthen it.  In fact over 9000 banks failed in the US during the great depression.  465 banks failed in the US from 2008 to 2012, and that is WITH bailouts!  Is the dollar considered a shadowy currency in need of rebranding?  

The point is, bitcoin's negative image has been completely manufactured by the MSM.  Compared to fiat, bitcoin is a godsend.  The early internet was portrayed in the same light, so this should have been expected.  Just as the internet overcame it's early skepticism without a rebranding, bitcoin will to.

[D05GTO]

^^^ Sounds like you had way to much already.  Put down the crackpipe and step away.

[ThatDGuy]

Same story. Two outlets. Two ways of spinning it:








"a shadowy company called 21 Inc" vs. "... some of the biggest names in venture capital".

CNBC is just one among many papers spinning Bitcoin news that way, NYT is probably even worse. WSJ is the exception, really.

Great juxtaposition here, I'd much rather have WSJ on our side!  Curious to see what these two will look like side-by-side one year from now...

[oda.krell]

Well, it all depends on which version of the story sounds more logical or rather more interesting. Both of them probably heard it from somewhere and spin it to come up with a version of their own. Either way, one of them wrote the original story and the other just spin the article to become its own unique version.

As far as I know, the story is originally by WSJ. At least CNBC is referencing it that way, "the Wall Street Journal reported...". Which makes it even more pathetic in my opinion: taking over a story from somebody else, then put your own spin to it to make it fit your newspaper's narrative on the topic.

I know, I know, that's how mass media works. Still, kind of amusing when it happens in such an obvious way.

[kingama]

This is a great example but the WSJ can do a hit piece too if they get a wild hair. CNBC has had positive articles. Point is, I wouldn't go buying WSJcoin just yet.

[knight22]

Interesting. So basically Wall Street sees the opportunities behind bitcoin before the pleb. It shouldn't be so surprising after all.

[yefi]

That's highly interesting, but also something I was already assuming. The term may indeed be too nerdy, geeky, or whatever. But that may just be a perception we have these days and it could change if people around Silicon Valley indeed invest more.

I believe that the image problem is less about it being too geeky or technically complex and more about the scams, hacks, failed exchanges and all the other negative associations with things like "the dark (evil) web" and so on. These have provided the media with sensational bitcoin stories in the past. All sorts of negative associations have been made and reinforced: use of terms like "the shadow currency", repeated assertions of it's use (or potential use) for money laundering... the lack of regulation (absence of a benevolent overseer) etcetc.

I've always thought it was just a darn goofy sounding name. Whenever I vocalise it, I cringe a little inside. My tongue reaches places in my mouth where I feel it isn't welcome.

It also sounds something like the currency Flanimals would use. 

[600watt]

https://www.wallstreet-online.de/nachricht/7447259-digitale-waehrung-bitcoin-griechenlands-letzte-rettung


german wsj headlines that bitcoin is last chance for greece.

we´ve come a long way....

[oda.krell]

Interesting. So basically Wall Street sees the opportunities behind bitcoin before the pleb. It shouldn't be so surprising after all.

Not sure if I would equate WSJ and Wall Street. I think the journal (roughly) represents interests of a group ranging from the higher end of the upper middle class, to households in the top 10% of annual income. So, merely "the affluent", not so much "the filthy rich". In a way, I think that's even better

[drbrock]

The negative image portrayed by the MSM is completely fake.  The agenda has been pushed so hard that some of you guys actually believe the hype.  For instance, fiat is used much more prevalently for things like terrorism, child pornography and drugs.  Does fiat get a bad rap?  

The legacy financial system is wrought with exchange and bank failure.  The only difference is those legacy institutions are bailed out, while bitcoin exchange failures are gotten rid of, the former working to weaken the system and the latter working to strengthen it.  In fact over 9000 banks failed in the US during the great depression.  465 banks failed in the US from 2008 to 2012, and that is WITH bailouts!  Is the dollar considered a shadowy currency in need of rebranding?  

The point is, bitcoin's negative image has been completely manufactured by the MSM.  Compared to fiat, bitcoin is a godsend.  The early internet was portrayed in the same light, so this should have been expected.  Just as the internet overcame it's early skepticism without a rebranding, bitcoin will to.

Yes THIS Exactly^^^

I would post a picture of some choking victim/leftover crack album covers (Fuck World Trade) but I will refrain for now. Leave that to the mammoth speculation thread

[EternalWingsofGod]

Ah this reminds me of the Rap News Series
We have MSNBC Cough pushing its propoganda spin while delivering the news and honest sources left alone
Just goes to show the quality management they have over there just image Fox.
https://www.youtube.com/user/thejuicemedia

I do wish that people would paint more targets like this to illustrate media bias
Would keep them on guard to not Bullshit 

[drbrock]

The negative image portrayed by the MSM is completely fake.  The agenda has been pushed so hard that some of you guys actually believe the hype.  For instance, fiat is used much more prevalently for things like terrorism, child pornography and drugs.  Does fiat get a bad rap?  
...

If I'm following your logic:
1. Booting shit crank & bath salts kills people
2. Natural causes kill more people.
Question: Why don't natural causes get a bad wrap?
Answer:  No idea, mind if I use your rig & cooker when you're done?

Answer: Probably because Natural causes are just that!!! NATURAL dumbass, so who you gonna blame???

[drbrock]

^^^ Sounds like you had way to much already.  Put down the crackpipe and step away.

I use BTC to buy drugs, like everyone else.  If not for drugs my bitcoin would be useless.
Because not interested in child pornography or supporting terrorists
*crank != crack.  Lrn 2 difference.

So you don't pay taxes with fiat? If not good for you but Im guessing your sitting in some "western" "civilized" country paying your taxes with FIAT and so your ARE funding terrorism wether it be ISRAHELL, ISIS (yes USA/EU funds ISIS), countless barbarous dictatorships (The Gulf States/Egypt military/Ukraine Nazi Gov)... honestly the list seems endless.

So you may not be interested in funding terrorism but you are with FIAT taxes.

Just saying

[oblivi]

Nice catch. It shows who is a bitch towards the status quo and who isn't and has critical thought and objectiveness on their news.

[r0ach]

I will have you know that our loyal readers of MSNBC, who are all well educated in feminist grievance studies, find your post reprehensible, sexist, and racist.

[ChuckBuck]

I'm very bullish on the Wall Street Journal, they actually put Bitcoin on the front page of their print newspaper!!!



CNBC TV is on all the time at my office, and whenever they have one of their correspondants speak about Bitcoin, I feel myself getting dumber and dumber...

[michaelGedi]

Here we go: http://www.telegraph.co.uk/technology/news/11467184/T-Mobile-offers-20pc-bonus-for-Bitcoin-customers.html

Easy to understand, example of everyday money saving use, pretty lady at the top of the page doing her thing... this is good PR in action 

[pereira4]

I'm very bullish on the Wall Street Journal, they actually put Bitcoin on the front page of their print newspaper!!!



CNBC TV is on all the time at my office, and whenever they have one of their correspondants speak about Bitcoin, I feel myself getting dumber and dumber...

Nice, the rest should learn and get with the times, and hire some people that aren't brain dead about how BTC works.