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I know it makes for a better headline to say $1M stolen, but unless actual USD was taken in the theft, I wish these headlines would say "X BTC stolen, valued at
by clarkmoody 13y ago
I know it makes for a better headline to say $1M stolen, but unless actual USD was taken in the theft, I wish these headlines would say "X BTC stolen, valued at $Y."
But then again, the headline made it to the front page and got me to comment...
- peteretep 13y agoWhy 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?
- clarkmoody 13y ago1) 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.
- veemjeem 13y agoWell, 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.
- fat0wl 13y agohah i suggested this a few posts ago & people got pissed. https://news.ycombinator.com/item?id=6783710 https://news.ycombinator.com/item?id=6783710 granted, i don't present these things very tactfully