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Originally Posted by DWB
They do this all the time, that is how they reach a broader audience.
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Correction, they use it to
misinform a broader audience.
Quote:
Originally Posted by DWB
"Hacker" is indeed a sensationalist term, but it is also the best term to use for the lowest common denominator when describing something like this.
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Sensationalism is used to sell the story, a newspaper isn't going to let things like facts get in the way of a story
Quote:
Originally Posted by dyna mo
fb was touted as the next big thing, a new paradigm in social whatever. legitimate wall street ultimately valued it for us at $100 billion based on its potential. people all bought the hype and wanted a piece of $100b fb.
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This is just my opinion from what I've read about Bitcoin but it's clearly in a speculative bubble but right now it's in a speculative bubble based on real demand from actual users unlike every other Ponzi Scheme that the bankers have created by using fraudulent CDOs and such to create demand that was never there so IMO this bubble has a long way to run before it implodes.
The thing that may change this will be if it generates mainstream usage in online business within a short space of time. I'm surprised most porn sites are not offering it as a signup option, it's perfect for porn or any micro payment system.
Quote:
Originally Posted by DWB
It's like Alex Jones quoting his own website InfoWars.com as it being the truth, when it is the only source for the information. Somehow, in the craziness of it all, people believe it. If the mainstream media paints a bad picture of bitcoin, telling everyone who is thinking of using it how unstable it is, it will more or less be over for the majority of people as they believe what they are told. Perhaps that is the point.
The death of bitcoin doesn't necessarily have to come directly from a government. There is more than one way to skin a cat.  |
I think it's a real shame that it's ended up in such a speculative bubble, there is no doubt at some point it will crash in value. There has been flash crashes in the past so when that happens again, even if only temporarily you can bet your ass the media headline will be "Bitcoin Crashes In Value"
When it does drop through the floor that's what will destroy confidence in it, and if a lot of people get burnt on this they probably won't ever use it again
A bit like porn customers who where victims of card bangers etc