Joseph Weisenthal – November 06, 2013 ($264.61) Executive Editor, Business Insider. Bitcoin Is A Joke (Business Insider) Bitcoin? Nada. There’s nothing keeping it being a thing. If people lose faith in it, it’s over. Bitcoin is fiat currency in the most literal sense of the word. Wayback Machine Dismissed almost laughing as some out-of-control meme from 2011 until mid-2013 (Heidi Moore’s “Confused about Bitcoin? It’s ‘the Harlem Shake of currency’,” Joseph Weisenthal’s “Bitcoin is a Joke,” Matthew O’Brien’s “Bitcoin Is the Segway of Currency”), the criticism shifted sharply in late 2013. En bref Le Bitcoin est né comme un refuge sûr, mais s'est effondré en ligne avec les marchés traditionnels cette semaine. Les analystes disent que c'était à prévoir – des refuges surgissent après une crise, pas pendant une crise. La crypto s'en est plutôt bien sortie et pourrait devenir un phare dans une tempête alors […] MicroStrategy first announced the firm is purchasing Bitcoin on Aug. 11, after which its stock price surged by over 10%. Now, MSTR price has once again risen in a similar fashion after confirming yesterday that it doubled down on adopting a “Bitcoin standard,” buying over 38,000 BTC worth $425 million at an average price of $11,111. Inspired by a Twitter exchange between cryptocurrency luminaries Ken Tindell, Marc Andreessen, and Joseph Weisenthal, UK blogger and crypto advisor Richard Gendal Brown posed the question. The idea was to war-game bitcoin, using hive mind commenting, to try and figure out where it was headed.
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