19 Dec '12, 7pm

SiliconAngle - CNN's 'Odd Screed Against Bitcoin': #bitcoin

SiliconAngle - CNN's 'Odd Screed Against Bitcoin': #bitcoin

Yesterday, CNN Fortune published an article by Cyrus Sanati about Bitcoin entitled “Bitcoin looks primed for money laundering .” In what could be best described as an odd screed against Bitcoin and its potential financial impact on the world, it delves into places that paint the cryptocurrency as a boogeyman while at the same time reporting on money laundering occurring in current banking industry. While Bitcoin is a dark market right now due to its semi-anonymous nature and its lack of acceptance as a currency in the world at large—it’s hard to see this sort of editorial as anything more than playing on fears and speculation than looking at how Bitcoin really is shaping into a very real, living market. Sanati starts by poisoning the well: citing the black market success of Bitcoin due to its high liquidity and current underground nature in order to make it seem sinister. ...

Full article: http://siliconangle.com/blog/2012/12/19/reports-of-bitcoi...

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