Re:Bitcoin Payment Processor BIPS Attacked, Over $1M Stolen
by peteretep on Monday November 25, 2013 @12:40PM
(#6795517)
Why do you wish that? Every news source on the planet localizes currency amounts to their audience. Are you actually making some weird political point about BTC value, or are you surprised that a news source is localizing currency values?
Re:Bitcoin Payment Processor BIPS Attacked, Over $1M Stolen
by clarkmoody on Monday November 25, 2013 @12:50PM
(#6795583)
1) When large amount of BTC are stolen or moved, the fiat value would be far less if the coins were sold on the open exchange.
2) The article title becomes immediately obsolete due to exchange rate fluctuations. On the day of the theft for instance, the BTC/USD rate was hugely volatile, fluctuating between $522 and $788.
We could go dig up the old Bitcoin Forum posts about people losing 25k coins and mark-to-market those losses for more sensational headlines. Or we could simply post the BTC amount in the headline along with present fiat value.
Re:Bitcoin Payment Processor BIPS Attacked, Over $1M Stolen
by veemjeem on Monday November 25, 2013 @04:21PM
(#6797133)
Well, it's a news article. The goal of the journalist is to get people to read it. It would be a less interesting headline if it forced people to do the conversion since many people still do not yet understand BTC. Putting both values (BTC & USD) into the headlines would make it redundant.
Re:Bitcoin Payment Processor BIPS Attacked, Over $1M Stolen
by fat0wl on Monday November 25, 2013 @03:41PM
(#6796824)
hah i suggested this a few posts ago & people got pissed.
https://news.ycombinator.com/item?id=6783710
granted, i don't present these things very tactfully
But then again, the headline made it to the front page and got me to comment...