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Bloomberg TV Anchor's Bitcoin Stolen On Primetime TV

Tyler Durden's picture




 

Over the past two weeks, Bloomberg anchor Matt Miller has been on a crusade to popularize Bitcoin, which intuitively makes sense: having risen ten-fold in the past year, the mainstream financial media is now paying attention and furthermore, is providing its audience the desired information about the hot meme du jour. To be sure, it is quite possible that his interest is sincere instead of merely the latest pageview-generating gimmick used by a majority of the other Series X preferred stock round media outlets.

Which is why it was ironic (and humorous) that in his quest to demonstrate just how "accessible" Bitcoin is on live TV, the anchor was "robbed" in broad daylight by an enterprising Reddit hacker named "milkywaymasta" who screengrabbed the QR code shown by Miller and promptly confiscated the $20 equivalent.

Later, said user was kind enough to offer it back, noting that a "segment on Bitcoin security and the importance of NOT showing the private key and also BIP0038 (Password Encrypted Private keys) will be more than enough compensation."

The Blockchain confirmation of the Bitcoin wealth redistribution in question can be found here.

And the Public key of where the Bitcoin was sent:

In short: when pitching the utility of Bitcoin, do not show its QR code in HDTV.

Below is a clip of what not to do when presenting the functionality (and security) of Bitcoin:

And here is Miller explaining what happened afterward:

 

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Tue, 12/24/2013 - 21:43 | 4274462 Fake_nation
Fake_nation's picture

Old news. The kids are now trading Dogecoin while mom and dad chase the Dow...

http://www.fakenation.info/please/the-generational-comment-war

Tue, 12/24/2013 - 21:44 | 4274464 Dear Infinity
Dear Infinity's picture

Can you people please stop spreading that Dogecoin crap.

Tue, 12/24/2013 - 21:50 | 4274474 fonestar
fonestar's picture

With a supreme social engineering name like Bloomberg, you know you can trust....

Tue, 12/24/2013 - 21:58 | 4274486 knukles
knukles's picture

Didn't say his mother's maiden name, social security number, list all his passwords, bank account, credit and debit card numbers, give out copies of all his house and car keys or even show us his tattoo.

Stingy little arrogant fucker, isn't he.
Plus, he didn't even offer to donate huge sums from his after tax pay to some Kenyan Relief Charitable Organization to feed the "It's for the chillen'" given all the money he makes expousing the administrations evil party line.

Tue, 12/24/2013 - 22:31 | 4274513 wee-weed up
wee-weed up's picture

Yep, serves him right! What a hoot!!

Tue, 12/24/2013 - 23:13 | 4274554 Never One Roach
Never One Roach's picture

People are desperate to find alternatives to the paper fiat stuff. However, the ancient maxim holds true: "If you don't hold it, you don't own it."

Tue, 12/24/2013 - 23:26 | 4274567 markmotive
markmotive's picture

Bitcoin is a classic bubble.

Straight up nonsense 'asset' that can be deemed valueless by 1) lack of electricity, 2) government intervention, 3) inability to pay taxes using bitcoin, 4) algorithm going haywire.

http://www.planbeconomics.com/2013/12/bitcoin-is-classic-bubble.html

Wed, 12/25/2013 - 00:04 | 4274588 Skateboarder
Skateboarder's picture

These people are fucking losers (in the video that is).

Wed, 12/25/2013 - 00:52 | 4274624 Almost Solvent
Almost Solvent's picture

Trust no one with a little red thingy sewen into a velvet blue suit jacket while wearing a purple/white stripe shirt with a small knot tie on a wide collar.

 

Also, don't show your private QR code on HDTV.

Wed, 12/25/2013 - 04:30 | 4274732 Deo vindice
Deo vindice's picture

Prime time TV has robbed millions of far more than a bitcoin.

They have been robbbed of that priceless comodity - 'time'.

Wed, 12/25/2013 - 07:00 | 4274779 Pseudonymous
Pseudonymous's picture

It has happened: mainstream media now literally gives money away hoping to attract viewers and inflate ratings.

Wed, 12/25/2013 - 07:14 | 4274790 malikai
malikai's picture

You mean like, game shows?

Wed, 12/25/2013 - 07:27 | 4274797 GetZeeGold
GetZeeGold's picture

 

 

Still working the kinks out of this crap.

 

The problem with fancy money.....is ya gotta watch it like a hawk.

Wed, 12/25/2013 - 08:07 | 4274822 malikai
malikai's picture

Or accept and manage your risk properly.

Only an all-in strategy requires watching it like a hawk. And that's still usually a loser because it encourages you to become emotional and impulsive.

I let my machines watch it like a hawk. They're better at it than I am. They may not get it right all the time, but they get it right a whole lot more than I do.

Wed, 12/25/2013 - 08:30 | 4274831 GetZeeGold
GetZeeGold's picture

 

 

 

Can I be sure my transactions are not being monitored by the NSA?

 

I don't care if the CFTC sees it......just not the NSA.

The CIA already knows as does Eric Snowden....not sure if those two are related.

Wed, 12/25/2013 - 08:31 | 4274840 malikai
malikai's picture

No, as all of your 'transactions', including this one with me right now, are in fact recorded.

Not sure who promised you that. Or what made you even think it a possibility considering the present state of the world.

Wed, 12/25/2013 - 10:15 | 4274845 GetZeeGold
GetZeeGold's picture

 

 

I live in America....supposidly our Constitution says you can't do that.

 

Of course our President writes law on a daily basis.....and our Constitution really frowns about that.

Wed, 12/25/2013 - 08:43 | 4274846 negative rates
negative rates's picture

The transactions are, but not the translations, they remain private to an esoteric few.

Fri, 12/27/2013 - 11:42 | 4279034 Pseudonymous
Pseudonymous's picture

Apparently game shows are not as easy and direct enough anymore. They've done it in an almost provably honest and very low risk way.

Taking the bitcoins from a private key they present you with live on TV involves no risks other than potentially losing a minute of your life (not saying that that's a low enough risk to make people want to watch their channel though).

I think a protocol can be devised whereby the TV channel (or other traditional media) can prove to viewers in advance that a certain amount of bitcoins will be given away within a certain amount of time and that any viewer has a fair chance of winning it - gotta think about that one...

Wed, 12/25/2013 - 07:06 | 4274781 malikai
malikai's picture

Not only time.

They have been robbed of some other priceless commodities - common sense, intelligent self-thought, personal identity, community identity, and of course, ability to experience empathy.

Wed, 12/25/2013 - 06:50 | 4274775 Balvan
Balvan's picture

I agree, proof it is a bubble there's no big infrastructure behing it, therefore no reason to be so expensive. Bitcoin could go to $0.01 and it would be equally convenient for trade, nothing would change in terms of BTC being a currency. What's backing three or four digits price except pure speculation and bubble?

Wed, 12/25/2013 - 07:03 | 4274780 malikai
malikai's picture

No infrastructure. Right.

Somebody better tell the developers, miners, and exchanges.

Wed, 12/25/2013 - 07:38 | 4274796 Balvan
Balvan's picture

Are you saying development costs, mining, creating and maintaining exchanges are worth $10 billion? Are you serious?

Every day there are new cryptocurrencies, it takes one nerd and one afternoon to create a cryptocurrency, development cost lol.

Wed, 12/25/2013 - 09:11 | 4274862 tmosley
tmosley's picture

I think you forgot the one fucking selling point of bitcoin--the fact that you are able to transfer purchasing power from anywhere in the world to anywhere in the world, circumventing currency controls like they aren't even there.

It takes a government an afternoon to print up a new fiat currency, but I bet you still pay for shit with dollars.

Wed, 12/25/2013 - 12:54 | 4275143 chemystical
chemystical's picture

"I think you forgot the one fucking selling point of bitcoin"

Bollocks.  The poster did not forget a fecking thing.  EVERY other cc has the exact same offering, and for the reading-imparied: that was the poster's point.

The ONLY thing that Btc has to offer relative to the innumerable other cc's, is its current position as public opinion leader.  That then affords other values, but as those values ride on the singullar coattail of that opinion, they come to a screeching halt when it does.

Worsening that current position is that it doesn't cost the end users and intermediates a damn thing to drop Btc and pickup litecoin, yourcoin, mycoin, facecoin, iCoin, fuckyoucoin.  Oh, boy, there's some value to jump into headfirst!  No intellectual property (neither patent, trademark, nor copyright), no contracts; nothing but reliance on finding a "bigger idiot" (meant not pejoratively but as an investment expression).

Refute that and I'll jump on the believer bandwagon.  Failing that, just click on the down arrow as usual.

There's a reason that your bottle of Pepsi doesn't cost $50.  Coke, Sprite, generic, water, juice, ad infinitum have seen to that.  And the myriad of Btc imitators will do the same for you.  At least Coke and Sprite had significant barrier to entry to join in the fray.  Fuckyoucoin doesn't have a single fecking thing...except overcoming fleeting hype.  What you're touting is then hype. 

 

 

Wed, 12/25/2013 - 18:54 | 4275686 TheHound73
TheHound73's picture

3 factors that I watch and should give warning if Bitcoin were to lose it's lead position: Hashpower, merchant acceptance and market cap.

Hashpower protects the currency network from malicious attack.  The current mining power for bitcoin is equivalent to thousands of supercomputers distributed around the globe.  If miners start switching their equipment over to a different network in the hopes of acquiring a different currency I will jump up and try to figure out why.  Merchants only want to expend resources for the new currency that has the widest user base and most liquidity.  If businesses wish to use a CC they will use the currency with a market capitalization that can actually support their level of commerce and has the most liquidity.  These 3 things tend to reinforce each other and Bitcoin is about 50 times ahead of the nearest competitor in each category.

Wed, 12/25/2013 - 07:48 | 4274795 TheHound73
TheHound73's picture

Not a whole lot of trade can happen with a limited stack of 12 million "pennies".

One Bitcoin startup, Bitpay, has processed over $100m in bitcoin transactions this year.

Wed, 12/25/2013 - 13:09 | 4275177 chemystical
chemystical's picture

Aye, so they have.   Let's have a read of their terms of service.

"If we reasonably suspect that your BitPay account has been used for an illegal purpose, you authorize us to share information about you, your BitPay account, and your account activity with law enforcement."

"In order to provide the Services, we may share information about you and your BitPay account with third parties, including but not limited to your bank and purchasers"

https://bitpay.com/terms

"Hurray, hurry, hurray, step right up and buy some anonymous currency to conduct anonymous tranactions".  Wasn't that part of the spiel?

It is less expensive than some alternatives but the touted anonymity in this instance is nil.  (Some proposed solutions to the imminent scalability problem apparently require the veil to be lifted as well).

If it costs more to conduct the transactions but kills the squid et al, then I'm in.  I'll even donate to the cause.  But which cc to jump into?  Btc, litecoin, Facecoin, iCoin, yourcoin, mycoin, myriadcoin....?   Ah, those pesky details.

 

 

Wed, 12/25/2013 - 19:01 | 4275698 TheHound73
TheHound73's picture

Following the shenanigans with China, all of the alt-coins's value has been shown to be tied to Bitcoin.  They each rise and fall with bitcoin at fairly stable ratios.  They have no choice.  Bitcoin is the 1000 pound gorilla in the room and if bitcoin traders believe they can arbitrage a temporarily out-of-whack ratio with an alt coin in the hopes of acquiring more bitcoin, they will without mercy.

Wed, 12/25/2013 - 09:06 | 4274861 tmosley
tmosley's picture

For the thousandth time, replace "bitcoin" with "gold" and then ponder your hypocrisy.

Thu, 12/26/2013 - 05:40 | 4276378 malikai
malikai's picture

It's no use.

You can't fix stupid.

Wed, 12/25/2013 - 13:54 | 4275270 midtowng
midtowng's picture

If you want an alternative to fiat currency there is always precious metals.

Bitcoin is a bad joke for libertarian techno geeks.

Wed, 12/25/2013 - 07:44 | 4274810 negative rates
negative rates's picture

................And be trusted.

Wed, 12/25/2013 - 00:50 | 4274629 Grosvenor Pkwy
Grosvenor Pkwy's picture

Dogecoin is already at number 11 on the charts and moving up fast.

so crypto

rich very currency

wow much coin

Wed, 12/25/2013 - 03:39 | 4274720 KrugerrandFan
KrugerrandFan's picture

Thank's Doge!

Wed, 12/25/2013 - 08:39 | 4274844 FredFlintstone
FredFlintstone's picture

I am working with a team of programmers on the Paleocoin cryptocurrency. Barney and I are doing the chiseling of the public and private keys on limestone coins in the evenings when we get back from the stone quarry. The programmers are doing the rest. We should be ready for market in about 2 million years once the interweb is developed.

Tue, 12/24/2013 - 21:50 | 4274472 Stackers
Stackers's picture

lol, yes dont post the password to bitcoin wallet on TV, or to your online bank account, credit card number and many others ..... as Bugs would say - what a maroon

Tue, 12/24/2013 - 21:59 | 4274475 J S Bach
J S Bach's picture

What a gulla-bull.   What a nin-cowpoop.  

Wed, 12/25/2013 - 06:16 | 4274760 ParkAveFlasher
ParkAveFlasher's picture

What an im-bezzle.

Tue, 12/24/2013 - 22:58 | 4274540 Spigot
Spigot's picture

What's really funny about this is that he inadvertantly or otherwise has demonstrated a lesson in security. Now that this is on the 'net it acts as an ongoing tutorial on security, which will give people more confidence in working this securely for their advantage...so even if this was a made for TeeVee "proff" that BTC is insecure, it really does just the opposite.

Tue, 12/24/2013 - 22:23 | 4274506 Jumbotron
Jumbotron's picture

HAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHA!!!!!!!!!!!!!!!!!!

Merry Christmas !!!!!!!    That was the BEST Christmas present ever !!!!   

Hey fonestar !!!!    How's that FREEDOM TECH coming.....or should I say.....WHERE'S that Freedom Tech ?????????

 

LOLOLOLOLOLOLOL !!!!!!!     HO HO HO !!!!!

Wed, 12/25/2013 - 00:10 | 4274533 Skateboarder
Skateboarder's picture

This is a sad day for fonestar. But a happy day for me. I'll drink to that. Prost!

edit: thanks for the downvote, but I know fone's just riding the wave for fun. He's a homie dawg.

Wed, 12/25/2013 - 07:30 | 4274799 GetZeeGold
GetZeeGold's picture

 

 

.....word is he's secretly busting a move to corner the market on tulips.

Wed, 12/25/2013 - 07:51 | 4274814 negative rates
negative rates's picture

No, I seen him juggling dry powder and bit coins at the same time, he was struggling with it something fierce, and doin every thing could from not turning blue in the face or dropping his goodies.

Wed, 12/25/2013 - 00:28 | 4274613 Prisoners_dilemna
Prisoners_dilemna's picture

Aww  last christmas we were giving away whole bitcoins here on ZH.  

That was the best Xmas present ever since it returned 9000%.

 

LOLOLOLOLOLOLO!!!

 

 

Wed, 12/25/2013 - 07:08 | 4274786 malikai
malikai's picture

Seriously.

Meanwhile, all the fools are busy congradulating themselves again that bitcoin is a (insert favorite moronic label) and is (dead).

Wed, 12/25/2013 - 07:31 | 4274801 GetZeeGold
GetZeeGold's picture

 

 

 

You did cash that out at the window.........right?

Wed, 12/25/2013 - 12:49 | 4275119 void_ptr
void_ptr's picture

I'll type this real slow so you can follow along.

If you have a safe with a combination lock, and you announce the combination publicly to world, then anyone who wrote it down could then open the safe. And they could then steal your stuff.

If there isn't a combination that opens the lock, you couldn't get your own stuff out of the safe. See? See how that works? Of course Bitcoin has a private key that allows you to access your bitcoins. If there weren't, you wouldn't be able to spend your own bitcoins. It's called a "private key" for a reason.

I chuckled when I saw the story, thinking there might be a bitcoin detractor who lept to the conclusion this was a flaw in Bitcoin protocol. Little did I know the discussion thread would be filled with the misconception. For chrimony sake, is anyone capable of reasoning any more?

 

Tue, 12/24/2013 - 23:25 | 4274563 ebworthen
ebworthen's picture

Mom is chasing the Mailman.

Wed, 12/25/2013 - 05:19 | 4274744 uranian
uranian's picture

Dogecoin FTW! And how about catcoin? I shit you not! On a more serious note, there's a new cryptocurrency called Nextcoin which is actually different from anything that came before, in that it's proof of stake.

Wed, 12/25/2013 - 13:05 | 4275163 cnmcdee
cnmcdee's picture

All digital currencies are a fraud on another fraud.  There is so much fraud they should call them friat currency..

http://www.scribd.com/doc/193675362/Crypto-Currencies-Bitcoin-Litecoin-F...

Tue, 12/24/2013 - 21:46 | 4274467 Colonel Klink
Colonel Klink's picture

Couldn't have happened to a nicer group....the MSM!

Just goes to prove you don't need to be smart, just be able to read off the teleprompter.  Just like our "king"!

Tue, 12/24/2013 - 21:47 | 4274470 BuggyPilot
BuggyPilot's picture

Only in America! I'm into pips!

Wed, 12/25/2013 - 02:01 | 4274664 infinity8
infinity8's picture

Like this Pips? (w/a capitol "P"): http://www.youtube.com/watch?v=v78-ftcqpNw  ~ Midnight train to GA

Tue, 12/24/2013 - 21:56 | 4274481 Downtoolong
Downtoolong's picture

This couldn't happen with physical gold.

Tue, 12/24/2013 - 22:18 | 4274497 TheHound73
TheHound73's picture

Fairly decent point.  The Bitcoin blockchain is like a giant virtual vault where all bitcoins are stored.  Anybody can enter this vault, receive payments, and send payments from anywhere with internet connection.  On worldwide television they displayed the military-grade access code to their vault account.  There is no evidence that funds have ever been stolen from an account through a security breach within Bitcoin.  The keys have always been shown to have been leaked in standard dumb-ass fashion.  This is equivalent to Bloomberg TV broadcasting the GPS coordinates of a gold stash along with the quantity of specie held there.

Wed, 12/25/2013 - 07:33 | 4274802 GetZeeGold
GetZeeGold's picture

 

 

The Bitcoin blockchain is like a giant virtual vault where all bitcoins are stored.

 

Why do I feel like I'm on the Truman Show all of a sudden?

Wed, 12/25/2013 - 15:37 | 4275430 NidStyles
NidStyles's picture

Except stealing that gold would require you to actually get off your ass and nabbing it. Which means you also need to get through the non-vault external security as well as the guards that may be in place.

Tue, 12/24/2013 - 23:16 | 4274558 One And Only
One And Only's picture

If you publicly share the pin number to your gold vault it very well can happen. 

Wed, 12/25/2013 - 00:43 | 4274623 caconhma
caconhma's picture

Bitcoin is just another fiat currency invented in Rockofeller banking empire.

Tue, 12/24/2013 - 21:59 | 4274483 Uncle Remus
Uncle Remus's picture

Aaaaaand it's gone.

Wed, 12/25/2013 - 00:20 | 4274603 Rusty Shorts
Rusty Shorts's picture

LMAO

Wed, 12/25/2013 - 07:14 | 4274789 nmewn
nmewn's picture

Once upon a time, they had to actually stick a gun in your face to steal from you.

Yeah, this is much better...lol.

Tue, 12/24/2013 - 22:05 | 4274493 b_thunder
b_thunder's picture

I've no problems letting anyone take photos or scan my Krugerrands, Double Eagles, Eagles, and Half-Eagles.  The Barbarous Relic is barbarously simple, barbarously low-tech, can't be stolen remotely and can only be repossessed using the old school barbarous methods:  gun, club, baseball bat.

 

Tue, 12/24/2013 - 22:18 | 4274502 seek
seek's picture

This is more the equivalent of someone taking photos of your gold, your house street address, your house floorplan showing your gold safe location, and a picture of the combination of the safe and any alarm codes, along with a copy of your work schedule showing when you'll be away.

Or a photo of your birth cert, drivers license, and copies of your last three bank statements.

In other words, the guy publicly gave out all the necessary information to access the funds. Grade-A retarded.

Tue, 12/24/2013 - 22:27 | 4274510 Hooter Shaker
Hooter Shaker's picture

Anyone at the door with a gun, club or baseball bat gets a lead shower around here...

Wed, 12/25/2013 - 02:00 | 4274663 Golden_Rule
Golden_Rule's picture

wow, lead doesn't turn to liquid till 650*.  that is one hot shower.

Wed, 12/25/2013 - 02:17 | 4274677 Abitdodgie
Abitdodgie's picture

A lead shower , please Americans only clean guns they dont use them , every time gold gets knocked down by the bankers (you gettind robed) do I heer any shots been fired , I think not.

Wed, 12/25/2013 - 00:30 | 4274614 Prisoners_dilemna
Prisoners_dilemna's picture

Yeah isn't that how Gerald Celente had his gold stolen?

Wed, 12/25/2013 - 01:15 | 4274649 Xibalba
Xibalba's picture

GC was Corzined 

Wed, 12/25/2013 - 08:11 | 4274823 GetZeeGold
GetZeeGold's picture

 

 

That's what happens when you don't take your own advice.

 

Try and get fancy.....and will shoot your foot off......which brings us back around to Bitcoins.

Tue, 12/24/2013 - 22:15 | 4274498 Amagnonx
Amagnonx's picture

Ah - I lol'd so hard - "And here's my private key, so pls - take some of my shit."  hahaha

 

Those gift wallets look super nifty though, a nice way to make BTC available for the general population - great idea.  Exchanges are a bit time consuming and costly, so those kind of innovations are nice to see.

Wed, 12/25/2013 - 20:16 | 4275793 maxblockm
maxblockm's picture

What is the cheapest way to buy a small amount of BTC?

Email ? ? ? ? ? c k ? (in english characters) at gmail

or tips?

1FbqzoLzATXHaZRpkmDUebZCVmBDmBMzqd

Wed, 12/25/2013 - 20:29 | 4275814 TheHound73
TheHound73's picture

Sent ya $1 worth.

Tue, 12/24/2013 - 22:15 | 4274500 q99x2
q99x2's picture

People want Bitcoin more than they want sex. Don't show them yours if you know what's good for you.

Tue, 12/24/2013 - 22:41 | 4274520 Hooter Shaker
Hooter Shaker's picture

I'll pass.  If it smells like fish, have all you wish.  If it smells like cologne, leave it alone.  I smell cologne...  

 

If you set up a BTC mining operation where you "solve" so called problems, who the fuck are you solving them for?  The NSA?  It takes a lot of computing power to eavesdrop and store everyones personal shit.  Did the .gov create BTC to use our own computers to do all their dirty work for some virtual bullshit currency?  

 

Maybe that was colon I smelled....I don't know...

Tue, 12/24/2013 - 23:04 | 4274544 Bunga Bunga
Bunga Bunga's picture

Lots of traction for conspiracy theories here, because people do not understand basic cryptography.

Wed, 12/25/2013 - 03:12 | 4274714 Zero-risk bias
Zero-risk bias's picture

I think it's fair to assume most people don't understand the basics of cryptography, then again it depends on your definition of basic. Isn't a key basically a form of cryptography? Or if you would disagree, what about a crossword puzzle, or morse code? Surely people understand these things.

Wed, 12/25/2013 - 06:40 | 4274768 malikai
malikai's picture

The first thing to understand about encryption is the difference between encryption and encoding.

Morse code is an encoding scheme, not an encryption scheme.

Tue, 12/24/2013 - 22:36 | 4274519 denverdolomte
denverdolomte's picture

Stupid is as stupid does. 

Amazed. Simply amazed. 

Tue, 12/24/2013 - 22:40 | 4274524 Reaper
Reaper's picture

A fool and his bitcoin are soon parted.

Tue, 12/24/2013 - 22:51 | 4274529 Yenbot
Yenbot's picture

Sounds like a Victimless Crime to me. NOTHING was stolen from anyone, eh?

Look! the honey badger of Money: xujdeju48588**&^@*(#)OJNFVCJDFBNDud000))U*(*U(*00-0

Tue, 12/24/2013 - 22:51 | 4274531 topspinslicer
topspinslicer's picture

Until apple invents transporter beams my gold, silver, copper are safer than the bits

Wed, 12/25/2013 - 00:42 | 4274619 Prisoners_dilemna
Prisoners_dilemna's picture

The year 1933 begs to differ.

I read somewhere Ron Paul had legislation passed in 1971 which made it legal for US citizens to own gold.

 

I will be dead before anyone steals my bitcoins and i got at least half a century to go.

It's impossible to steal my coins due to my method of storing private keys.

Gold on the other hand is for those who want a store of value but....  I dont want to lump all gold holders together here. But obviously not everyone who has gold has gold 2.0.

 

Perhaps YOUR gold is safer than YOUR bitcoins, because you dont know how to protect your bitcoins. If you did then you would just be downright silly to say your gold is safer than your bitcoins. lol

You should stay with your current store of value since it is what your able to understand. Although if you decide to learn about gold2.0 I'll be glad to help you learn to protect it.

Wed, 12/25/2013 - 02:01 | 4274667 Golden_Rule
Golden_Rule's picture

meh- they can kick down ur door for your bitcoin wallet as easily as they can for your gold.  but they can't kill your gold with the flip of a switch....

Wed, 12/25/2013 - 20:32 | 4275818 TheHound73
TheHound73's picture

If they flip that switch they kill a lot more than just Bitcoin.

Tue, 12/24/2013 - 22:49 | 4274532 Papasmurf
Tue, 12/24/2013 - 22:55 | 4274537 Save_America1st
Save_America1st's picture

.

Tue, 12/24/2013 - 22:55 | 4274539 Bunga Bunga
Bunga Bunga's picture

In short: when pitching the utility of Bitcoin, do not show its QR code in HDTV.

Looks like Zerohedge is jumping on the bitcoin FUD train. Of course you can show everyone your QR code, if it's the public key. If you want to receive a payment, you have to. Matt's security breach was to show the QR code of his private key to millions of viewers.

BTW, I got mail from my bank because of the Target security breach. For sure, that got much more expensive than Matt's $20 loss.

Tue, 12/24/2013 - 23:16 | 4274557 dick cheneys ghost
dick cheneys ghost's picture

bunga, I hope you were buying food at Target and not plastic crap from China..........

sorry to hear about ur bank card.........

 

Wed, 12/25/2013 - 02:19 | 4274683 ebworthen
ebworthen's picture

Target and the Banks will be bailed out by the Treasury and FED with taxpayer money; you can bankster on it.

Wed, 12/25/2013 - 07:55 | 4274815 negative rates
negative rates's picture

And trying figure out how to explane the next crisis. Nancy has 4 of her people who say never let a good crisis go to waste, that could take another month just to work out.

Tue, 12/24/2013 - 23:03 | 4274545 Conax
Conax's picture

Just when I learned not to despise BTC; this?

Hmmm. Bloomberg TV showing us the wonder that is BTC, huh?

It is starting to look more and more like an anti-PMs plot, just like all those derivates and ETFs.

A demand reduction mechanism for the real thing- gold and silver.

I think the stackers have them on the ropes right now, but they won't give us the satisfaction of knowing it.

2014 is gold's year.  

Wed, 12/25/2013 - 00:16 | 4274601 sleigher
sleigher's picture

show me your private key and I will show you your secrets...

Wed, 12/25/2013 - 00:47 | 4274625 Prisoners_dilemna
Prisoners_dilemna's picture

BTC holders just think they're so smart.

Gold holders aren't as conceited but they think they're slick as well.

 

Hate to break it to you,  but its us land owners who can grow food that have the only true store of value.

Gold has been money for 5000 years.  So what.

My ancestors have been using food as money for 500,000 years.

 

PS  I love food, gold, and BTC

Wed, 12/25/2013 - 01:13 | 4274646 InjectTheVenom
InjectTheVenom's picture

until...someone comes and takes your land from you !

Wed, 12/25/2013 - 05:39 | 4274754 css1971
css1971's picture

Good point. You never own land, the guy with the biggest gun owns the land. i.e. The state owns the land and leases it to you.

Wed, 12/25/2013 - 07:48 | 4274813 GetZeeGold
GetZeeGold's picture

 

 

That's why really big land owners have nukes.......just sayin.

Wed, 12/25/2013 - 07:57 | 4274816 negative rates
negative rates's picture

You don't need no guns if you don't put no sewer on the land, lessin your mouth is dirty enough to require taxes be paid, your is questionable.

Wed, 12/25/2013 - 08:28 | 4274833 FredFlintstone
FredFlintstone's picture

Are you a fellow caveman? Most who post here have ancestors that go back only about 200,000 years.

Wed, 12/25/2013 - 08:36 | 4274843 Disenchanted
Disenchanted's picture

Fred, does the term AJForum - Thailand mean anything to you?

just checking...

Wed, 12/25/2013 - 08:53 | 4274852 FredFlintstone
FredFlintstone's picture

Nope.

Wed, 12/25/2013 - 10:42 | 4274953 Disenchanted
Disenchanted's picture

ok...thought you were someone else.

disregard contact request

Wed, 12/25/2013 - 09:21 | 4274866 Bogdog
Bogdog's picture

Read "Forbidden Archeology". Anatomically modern humans have been around for over a million yrs. 

I was there.

It was awesome.

Tue, 12/24/2013 - 23:55 | 4274583 deus x machina
deus x machina's picture

I sense a tulip bulb bubble with bitcoin

Wed, 12/25/2013 - 02:06 | 4274670 Golden_Rule
Golden_Rule's picture

burry it and see if ya grow a second one

Wed, 12/25/2013 - 03:52 | 4274723 stacking12321
stacking12321's picture

yes, bitcoin is a beatiful flower, ready to blossom.

(was that sarcasm? it's gotten to the point that i don't even know.)

Tue, 12/24/2013 - 23:56 | 4274586 adr
adr's picture

I was just reading an article on how researchers broke 4096 bit RSA encryption with sound. They only needed a microphone and even used a cell phone recording to break the encryption.

Your Bitcoin wallet is anything but safe. Sure you can have an offline computer, store your wallet on a thumbdrive and place it in a fireproof safe. Not really convenient for commerce.

Wed, 12/25/2013 - 00:13 | 4274600 One And Only
One And Only's picture

Paper wallet.

Wed, 12/25/2013 - 00:46 | 4274628 Prisoners_dilemna
Prisoners_dilemna's picture

So did they like....  sing a song or something and magically that solved a complex math problem??

Wed, 12/25/2013 - 00:56 | 4274635 papaswamp
papaswamp's picture

He sort of posted it backwards. It can be decrypted by the sounds a computer makes. They use a microphone...side channel attack.
http://mobile.extremetech.com/computing/993-researchers-crack-the-world-...

Wed, 12/25/2013 - 07:58 | 4274817 negative rates
negative rates's picture

But the accounting dept will record your deed in heaven and decide if and when it's time for you to meet your reward. And around here, the accounting dept is very confident.

Wed, 12/25/2013 - 00:02 | 4274590 Alternative
Alternative's picture

Our MSMs are stupid, our leaders are stupid, our FED is stupid, our kids are stupid, our soldiers are stupid (although, don't tell this to flag wavers), what's left that is intelligent?

Wed, 12/25/2013 - 00:24 | 4274608 sleigher
sleigher's picture

Looks like only milkywaymasta.  Everyone else should kill themselves and then he will be left with his $20 BTC and nowhere to spend it.

 

EDIT: I probably shouldn't drink on x-mas eve.  

Wed, 12/25/2013 - 01:28 | 4274652 kurt
kurt's picture

Old machinists.

Wed, 12/25/2013 - 18:05 | 4275631 FreeNewEnergy
FreeNewEnergy's picture

What's left that is intelligent?

Seems pretty obvious, doesn't it?

Farmers.

Don't forget that. Especially when you're hungry.

Thu, 12/26/2013 - 01:24 | 4276218 MeelionDollerBogus
Wed, 12/25/2013 - 00:20 | 4274602 aldousd
aldousd's picture

Then again, if 200 duckets is all it cost him to get his 15 minutes of fame, he got off easy, without eating any worms or singing any songs on reality tv.

Wed, 12/25/2013 - 00:26 | 4274610 jonjon831983
jonjon831983's picture

Great advertising for BTC for $20.

Wed, 12/25/2013 - 00:34 | 4274618 Rentier
Rentier's picture

JU GOT OWNED ON PRIME TIME! LOL

Wed, 12/25/2013 - 08:00 | 4274805 GetZeeGold
GetZeeGold's picture

 

 

It was a double hit.....he also shopped at Target.

 

All in all.....not a good week for our hero.

Wed, 12/25/2013 - 00:59 | 4274631 disabledvet
disabledvet's picture

hahahaha. someone steals twenty bucks using the internet and calls it stealing. here's what stealing looks like: http://www.nbcnews.com/business/banks-may-take-their-pound-flesh-target-... says one breach cost 140 million. the rumor on this "haul" is 600 million. i would imagine that would be Target's earnings for at least a quarter. http://seekingalpha.com/article/1914121-does-target-have-a-bulls-eye-on-... "two times quarterly net" or half a year earnings apparently. twenty bucks...wow. really? sounds like they should change their name to "Targeted" or "The Target." Or, for the more criminally discerning type, "Le Targete'"

Wed, 12/25/2013 - 09:14 | 4274865 Bogdog
Bogdog's picture

Now, THAT is funny.

Wed, 12/25/2013 - 02:20 | 4274680 ebworthen
ebworthen's picture

Yeah, I don't want anything that can be stolen over the T.V.'s and the Interwebs.

Wed, 12/25/2013 - 02:24 | 4274684 iLiquid
iLiquid's picture

Bullish.

Wed, 12/25/2013 - 02:55 | 4274700 unk1911
unk1911's picture

you are only about a 4 days behind on reporting the story http://www.reddit.com/r/Bitcoin/comments/1tcot0/bloomberg_tv_just_showed_a_private_key_for_a/

 

Wed, 12/25/2013 - 09:18 | 4274867 GetZeeGold
GetZeeGold's picture

 

 

It just took that long for someone to figure it out.....which sorta gives a clue on what your window is.

Wed, 12/25/2013 - 03:02 | 4274707 The Heart
The Heart's picture

MERRY CHRISTMAS TO THE WORLD CREW...

MANY BLESSING UPON YOU...

CHRISTMAS CHEER...

HAVE A BEER...

GOOD TIDINGS TO ALL...

FROM THE HEART...HEAR THE DING DING DING CALL!

Wed, 12/25/2013 - 04:51 | 4274736 The Abstraction...
The Abstraction of Justice's picture

All that rhymes is not poetry.

Wed, 12/25/2013 - 06:19 | 4274761 Peter Pan
Peter Pan's picture

And nor does all poetry rhyme.

In regard to bitcoin I have my views about where it s headed but at the same time I believe time will be the final arbiter as it is with most thungs. So there is no need to duel over bitcoin here at ZH. Sharing the experience is more relevant. The only word of caution is to not put everything including your hopes on bitcoin, or gold or fiat or your fellow man.

Wed, 12/25/2013 - 07:38 | 4274804 muleskinner
muleskinner's picture

They're nattering nabobs over at Bloomberg too. I used to watch Bloomberg tv, but now I don't. Too much time is wasted watching tv and I'm getting too old to waste any time anymore. Besides, there is much more on youtube.

Where did the money go?

http://www.youtube.com/watch?v=-a3DZsO36cA

Wed, 12/25/2013 - 09:54 | 4274895 GrinandBearit
GrinandBearit's picture

What, more digital Pet Rocks were stolen?

The horror.

Wed, 12/25/2013 - 11:05 | 4274973 cassotto
cassotto's picture

was that cunt really upset that she didnt get any before?

Wed, 12/25/2013 - 11:22 | 4274994 smartstrike
smartstrike's picture

I went to Walmart yesterday, at the check-out counter, I asked the clerk if Walmart would accept bitcoin as payment for my $5.99 bag of oranges? The clerk said that yes they would. She then whipped out an ipad and flashed an image of a bag of oranges. "Thank you for shopping at Walmart", she said.

Thu, 12/26/2013 - 01:19 | 4276213 MeelionDollerBogus
MeelionDollerBogus's picture

LOL if you don't hold it, you don't own it! You can't hold bitcoinz so you can NEVER own them.

suckkazzzzzz

long boating accidents.

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