I've been a bit distracted by all the gox meltdown fuss, I forgot how far the long term price has to go. I just saw this on bloomberg
http://www.bloomberg.com/video/can-bitcoin-come-back-from-multiple-hacks-~XPcnslQRTu4drafGngWdw.html
The interviewer had absolutely no clue how bitcoin works, and didn't believe that there could never be more that 21 million. I've seem this a few times in the financial press, amazing. Short term, obviously, the price will stay cray cray, but this definitely gave me a smile
http://www.bloomberg.com/video/can-bitcoin-come-back-from-multiple-hacks-~XPcnslQRTu4drafGngWdw.html
The interviewer had absolutely no clue how bitcoin works, and didn't believe that there could never be more that 21 million. I've seem this a few times in the financial press, amazing. Short term, obviously, the price will stay cray cray, but this definitely gave me a smile
The fact that Matt (the TV host) quickly said "No thats wrong" to an guest (supposedly an expert on subject) basically makes that guest a joke. If a TV host has more understanding on the subject than you do, what are you interviewed for?
Sure made me smile.