creekbore
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Lazy, cynical and insolent since 1968


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February 17, 2014, 10:52:18 AM


This week has demonstrated how one man, who owns a badly run exchange but has a good PR team, can do massive damage to BTC.

Massive damage? I know this is spec forum, but the price remains one of the least important things. It is undeniable, bitcoin is the future.

My point, if you read back 6 or 8 pages (which I wouldn't inflict on you), is that BTC has lousy PR, while Gox is pretty canny at spinning news in their favour.  The story should've been Gox's incompetency but instead it became a flaw with BTC.  

BTC may be the future but the infrastructure needs improving, fixing etc.  And the lessons from this week are the Bitcoin Foundation needs to improve its marketing and PR and deal with criticism head on, swiftly and aggressively.

I agree.

Gox has to be responsible, news picks up a story like that, makes up a few headlines "btc flawed". And we've lost a % potential investors just like that.

Exactly, this will set adoption back and make grassroots conversations more difficult ("Oh, I saw that story in the paper that said BTC was flawed")...it's weird how a lot of people here don't understand this....that perceptions gain momentum.

And this was just one incompetent guy who understands how the press works.