Gold is not as Secure as Bitcoin - Bitcoin Foundation Exec. Director

 

The public perception of Bitcoin has never been very good. When something good happens within Bitcoin, it is not mentioned as often or as prominently as when something unfortunate happens in relation to the digital currency. The mainstream media’s spotty coverage is the main reason for this credibility gap.

A recent televised interview on RT’s “Sophie & Co.,” hosted by Sophie Shevardnadze, is a classic example of the uphill battle Bitcoin has with its skewed public perception. Today, we’ll provide some highlights and lowlights from Shevardnadze’s interview of The Bitcoin Foundation’s Bruce Fenton, who looks to provide an update to RT’s viewers on Bitcoin and its progress. 

Trying and failing at objectivity
Shevardnadze could have done her homework before posing some of the questions to Fenton, or presented an openminded view, based on her clear lack of knowledge on the subject. This was not her objective, peppering the vast majority of her queries with an attitude caught between sheer ignorance and playing “Devil’s Advocate.” Asking “Are there cases when people just lose their Bitcoin money because the network is clogged??” might indicate more agenda than actual journalism.

Here is an exchange that would bring clarity to the less-than-optimal slant presented in the near 30-minute interrogation:

Shevardnadze: “(The) IMF (International Monetary Fund) published a report that says Bitcoin's volume is growing so rapidly, that politicians and bankers simply can't continue ignoring it anymore. However, if you look at the number - I mean there's only 250,000 digital wallets that hold more than one Bitcoin in the world. Why should politicians care? I mean, there are six billion people on Earth.”
Fenton: “Yeah, well, the number of wallets is not always the best measure of how widely it is being used, because there are large companies that may have a couple of Bitcoin addresses that have huge amounts of coins, but it represents a lot of their customers. So, there's certainly more than 250,000 overall Bitcoin users in the world, and I think the reason that the governments and large banks and others have to pay attention to this because it is a superior form of technology, just like the Internet was superior and television was superior in many ways to the newspaper.”
Regarding the headline quote above, Fenton was responding to a question by Shevardnadze that mentioned Nick Szabo’s previously stated position that Bitcoin is more secure.