Newsweek's Statement on the Bitcoin Story

#1

Post by uptown » Fri, Mar 07, 2014, 5:23 PM UTC

Newsweek's Statement on the Bitcoin Story
newsweek.com

Re: Newsweek's Statement on the Bitcoin Story

#2

Post by jere » Fri, Mar 07, 2014, 5:37 PM UTC

>We recognized a public interest in establishing some core facts about Bitcoin and better informing those who might invest money in it.

Bullshit. Revealing who Satoshi is doesn't give you one shred of information to help you decide whether or not to invest in Bitcion.

Re: Newsweek's Statement on the Bitcoin Story

#3

Post by TrainedMonkey » Fri, Mar 07, 2014, 5:44 PM UTC

"Ms. Goodman’s research was conducted under the same high editorial and ethical standards that have guided Newsweek for more than 80 years."

Can anyone comment on their editorial and ethical standards? How high are they to begin with?

Re: Newsweek's Statement on the Bitcoin Story

#4

Post by DennisP » Fri, Mar 07, 2014, 5:45 PM UTC

So Newsweek "encourages all to be respectful of the privacy and rights of the individuals involved." It might have been nice to consider that before publishing a legible photo of Nakamoto's license plate.

Re: Newsweek's Statement on the Bitcoin Story

#5

Post by tomp » Fri, Mar 07, 2014, 5:46 PM UTC

> Moreover, [Newsweek] encourages all to be respectful of the privacy and rights of the individuals involved.

It takes ignorance, stupidity or both to not realize that this "encouragement" is nothing compared to the several $100M that the Satoshi Nakamoto owns incentivizing many people to trample his privacy and rights.

Re: Newsweek's Statement on the Bitcoin Story

#6

Post by kbelbina » Fri, Mar 07, 2014, 5:46 PM UTC

Anyone got a no paywall link?

Re: Newsweek's Statement on the Bitcoin Story

#7

Post by intslack » Fri, Mar 07, 2014, 5:47 PM UTC

kbelbina wrote: post #6

Anyone got a no paywall link?

https://archive.is/Q1hi7

Re: Newsweek's Statement on the Bitcoin Story

#8

Post by lolwutf » Fri, Mar 07, 2014, 5:53 PM UTC

jere wrote: post #2

>We recognized a public interest in establishing some core facts about Bitcoin and better informing those who might invest money in it. Bullshit. Revealing who Satoshi is doesn't give you one shred of information to help you decide whether or not to invest in Bitcion.

Well, not really.

Whoever Satoshi is does control an amount of BTC that could significantly shift the market if they suddenly did something with it...

Re: Newsweek's Statement on the Bitcoin Story

#9

Post by thrush » Fri, Mar 07, 2014, 5:54 PM UTC

jere wrote: post #2

>We recognized a public interest in establishing some core facts about Bitcoin and better informing those who might invest money in it. Bullshit. Revealing who Satoshi is doesn't give you one shred of information to help you decide whether or not to invest in Bitcion.

I guess it could be helpful knowing if it's a good-hearted civilian versus a tech savy mafioso.

Re: Newsweek's Statement on the Bitcoin Story

#10

Post by jere » Fri, Mar 07, 2014, 5:58 PM UTC

thrush wrote: post #9

jere wrote: post #2

>We recognized a public interest in establishing some core facts about Bitcoin and better informing those who might invest money in it. Bullshit. Revealing who Satoshi is doesn't give you one shred of information to help you decide whether or not to invest in Bitcion.

I guess it could be helpful knowing if it's a good-hearted civilian versus a tech savy mafioso.

Other than the fact that the guy owns perhaps $1 billion (surprise: he's not the only one), how is this illuminating?

It's been open source for 5 years and, by design, Nakamoto has no control over it.