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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 | Link to Comment 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 | Link to Comment Dear Infinity
Dear Infinity's picture

Can you people please stop spreading that Dogecoin crap.

Tue, 12/24/2013 - 21:50 | Link to Comment fonestar
fonestar's picture

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

Tue, 12/24/2013 - 21:58 | Link to Comment 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 | Link to Comment wee-weed up
wee-weed up's picture

Yep, serves him right! What a hoot!!

Tue, 12/24/2013 - 23:13 | Link to Comment 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 | Link to Comment 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 | Link to Comment Skateboarder
Skateboarder's picture

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

Wed, 12/25/2013 - 00:52 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment malikai
malikai's picture

You mean like, game shows?

Wed, 12/25/2013 - 07:27 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment malikai
malikai's picture

No infrastructure. Right.

Somebody better tell the developers, miners, and exchanges.

Wed, 12/25/2013 - 07:38 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment tmosley
tmosley's picture

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

Thu, 12/26/2013 - 05:40 | Link to Comment malikai
malikai's picture

It's no use.

You can't fix stupid.

Wed, 12/25/2013 - 13:54 | Link to Comment 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 | Link to Comment negative rates
negative rates's picture

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

Wed, 12/25/2013 - 00:50 | Link to Comment 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 | Link to Comment KrugerrandFan
KrugerrandFan's picture

Thank's Doge!

Wed, 12/25/2013 - 08:39 | Link to Comment 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 | Link to Comment 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 | Link to Comment J S Bach
J S Bach's picture

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

Wed, 12/25/2013 - 06:16 | Link to Comment ParkAveFlasher
ParkAveFlasher's picture

What an im-bezzle.

Tue, 12/24/2013 - 22:58 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment GetZeeGold
GetZeeGold's picture

 

 

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

Wed, 12/25/2013 - 07:51 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment GetZeeGold
GetZeeGold's picture

 

 

 

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

Wed, 12/25/2013 - 12:49 | Link to Comment 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 | Link to Comment ebworthen
ebworthen's picture

Mom is chasing the Mailman.

Wed, 12/25/2013 - 05:19 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment BuggyPilot
BuggyPilot's picture

Only in America! I'm into pips!

Wed, 12/25/2013 - 02:01 | Link to Comment 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 | Link to Comment Downtoolong
Downtoolong's picture

This couldn't happen with physical gold.

Tue, 12/24/2013 - 22:18 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment caconhma
caconhma's picture

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

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

Aaaaaand it's gone.

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

LMAO

Wed, 12/25/2013 - 07:14 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment Prisoners_dilemna
Prisoners_dilemna's picture

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

Wed, 12/25/2013 - 01:15 | Link to Comment Xibalba
Xibalba's picture

GC was Corzined 

Wed, 12/25/2013 - 08:11 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment TheHound73
TheHound73's picture

Sent ya $1 worth.

Tue, 12/24/2013 - 22:15 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment denverdolomte
denverdolomte's picture

Stupid is as stupid does. 

Amazed. Simply amazed. 

Tue, 12/24/2013 - 22:40 | Link to Comment Reaper
Reaper's picture

A fool and his bitcoin are soon parted.

Tue, 12/24/2013 - 22:51 | Link to Comment 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 | Link to Comment topspinslicer
topspinslicer's picture

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

Wed, 12/25/2013 - 00:42 | Link to Comment 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 | Link to Comment 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 | Link to Comment TheHound73
TheHound73's picture

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

Tue, 12/24/2013 - 22:49 | Link to Comment Papasmurf
Tue, 12/24/2013 - 22:55 | Link to Comment Save_America1st
Save_America1st's picture

.

Tue, 12/24/2013 - 22:55 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment sleigher
sleigher's picture

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

Wed, 12/25/2013 - 00:47 | Link to Comment 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 | Link to Comment InjectTheVenom
InjectTheVenom's picture

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

Wed, 12/25/2013 - 05:39 | Link to Comment 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 | Link to Comment GetZeeGold
GetZeeGold's picture

 

 

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

Wed, 12/25/2013 - 07:57 | Link to Comment 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 | Link to Comment 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 | Link to Comment Disenchanted
Disenchanted's picture

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

just checking...

Wed, 12/25/2013 - 08:53 | Link to Comment FredFlintstone
FredFlintstone's picture

Nope.

Wed, 12/25/2013 - 10:42 | Link to Comment Disenchanted
Disenchanted's picture

ok...thought you were someone else.

disregard contact request

Wed, 12/25/2013 - 09:21 | Link to Comment 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 | Link to Comment deus x machina
deus x machina's picture

I sense a tulip bulb bubble with bitcoin

Wed, 12/25/2013 - 02:06 | Link to Comment Golden_Rule
Golden_Rule's picture

burry it and see if ya grow a second one

Wed, 12/25/2013 - 03:52 | Link to Comment 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 | Link to Comment 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 | Link to Comment One And Only
One And Only's picture

Paper wallet.

Wed, 12/25/2013 - 00:46 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment kurt
kurt's picture

Old machinists.

Wed, 12/25/2013 - 18:05 | Link to Comment 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 | Link to Comment MeelionDollerBogus
Wed, 12/25/2013 - 00:20 | Link to Comment 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 | Link to Comment jonjon831983
jonjon831983's picture

Great advertising for BTC for $20.

Wed, 12/25/2013 - 00:34 | Link to Comment Rentier
Rentier's picture

JU GOT OWNED ON PRIME TIME! LOL

Wed, 12/25/2013 - 08:00 | Link to Comment 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 | Link to Comment 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 | Link to Comment Bogdog
Bogdog's picture

Now, THAT is funny.

Wed, 12/25/2013 - 02:20 | Link to Comment 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 | Link to Comment iLiquid
iLiquid's picture

Bullish.

Wed, 12/25/2013 - 02:55 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment The Abstraction...
The Abstraction of Justice's picture

All that rhymes is not poetry.

Wed, 12/25/2013 - 06:19 | Link to Comment 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 | Link to Comment 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 | Link to Comment GrinandBearit
GrinandBearit's picture

What, more digital Pet Rocks were stolen?

The horror.

Wed, 12/25/2013 - 11:05 | Link to Comment cassotto
cassotto's picture

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

Wed, 12/25/2013 - 11:22 | Link to Comment 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 | Link to Comment 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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