I wouldn't trust CNN. They are beholden to the existing system of Big Business, Big Banks, etc.
Notice the Bitcoin "taking off like a rocket" at the beginning, implying hyperinflation or too many coins in circulation.
These stories *never* focus on the actual value of BTC -- what makes them special. It's the fact that you can't hack or fake them. Hacking or faking them would be MORE difficult than just mining some real ones. The aspect of how the block chain is un-hackable, and becomes more-so with every increase in processing power the Bitcoin network undergoes.
I mean, what if I started a website called Matthew Bucks and people deposited money there, and sent money between accounts -- basically like Paypal.
How is Bitcoin different than that? That's what I'm talking about. This isn't another Beanz, Paypal, or any other digital micro-currency. It's actually a PRODUCT albeit an electronic one. What you're PAYING FOR is a private key that gives you access to a cryptographic item that is used to transfer wealth between people anywhere in the world. And they're quite liquid.
That's one thing that repeatedly gives me pause every time I'm tempted to think Bitcoin is finished. Everything else, I have to go with the naysayers (not enough practical uses, no places to spend them, users are mostly speculators, etc.)
That's like saying since you pay your bills with Fiat currency we can't trust you or expect you aren't telling the full story.
Sorry but I don't trust your saying to not trust them in their saying because you use the "System".
All media attention is inherently slightly biased towards whoever pays them the big bucks. Now I'm sorry the biggest corporation is "government", just as how some places the biggest corporation is the mafia, or some mega-conglomerate. News will more or less always be biased to who has money and power, now if you don't like that tough luck. It's not like it's going to change if Bitcoin dominated and some early adopter(s) became super powerful and controlled the media.
Take it for what it is worth. It could be "Bitcoin, the Devils Work." Would that be any better?
