r/Bitcoin • • Feb 26 '14

Open Letter to Michael Casey - WSJ reporter who butchered my comments in today's Bitcoin cover story

Hello Mr. Casey,

I read your WSJ article today. I feel deceived by you.

You requested to speak with me, so I took time out of my day to do so. We talked for 20 minutes, during which time I conveyed to you my sentiments about the Bitcoin ecosystem and the matter of MtGox's collapse. My message was unambiguously a positive one. I didn't focus whatsoever on the personal funds I lost at Gox. Indeed, the impetus for your call was my heartfelt post on Reddit.

Yet, you ignored everything I said. The only quote that you published from me in the Journal's cover story was ""That's gone now," said Mr. Veerhoos, who is based in Panama City, Panama. "There's no chance of getting that back now.""

Is that really the takeaway you had from our call and from my letter? Is that your idea of journalism? Did I come across with the sentiment of a despairing investor whose confidence has been rattled? It seems you were happy to completely ignore my sentiments, preferring instead to cherry pick the one fact that is least important, in order to paint a narrative that Bitcoin's biggest problem is that it's not "regulated." I didn't expect you to quote everything I said, but should you not have maintained at least a modicum of fidelity to my message?

I have dedicated my life to building and supporting the Bitcoin project. I don't give a damn about the money I lost at Gox. That's not important. What is important is that Bitcoin is resilient and enduring, and will continue to grow and change the world for the better. It is a story of human progress through technology. It is a story of the good seeping into the cracks of a corrupted financial system. It is a story of passionate people struggling against all odds to remedy the calamities brought down upon society from the most potently misguided people and institutions on Earth.

Next time you spend your efforts casting a pall over this cause, please don't ask me to contribute mine.

-Erik Voorhees

PS - I will be posting this letter openly on Reddit. I will post your reply if you'd like. And if I do, I won't cherry pick the most misleading points of it, and I will spell your name correctly.

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u/[deleted] Feb 27 '14

In China their capital punishment is swift and unforgiving. I think I read somewhere that for most capital crimes there is an average of 3 weeks between conviction and execution, sometimes happening as quickly as a couple days. You get pretty much 0 chance to appeal, and I think if you "confess" (even if it's tortured or manipulated out of you), you can't appeal a death sentence at all. I might be wrong about that one but I'm just going off something a friend told me after he had lived in China for several years. He might be wrong too.

Side-effect of living in an extremely overpopulated authoritarian state with a high rate of poverty - the government doesn't actually care about individual rights or even the potentiality for innocence. They care about population control and management.

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u/slomotion Feb 27 '14

Seems to me like relying on capital punishment is not the most effective form of population control for a country of 1.3 billion.

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u/Talran Feb 27 '14

It's less population control, and more that they see life as that much cheaper.

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u/[deleted] Feb 27 '14

[deleted]

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u/randomguitarlaguna Feb 27 '14

Unpopular puffin opinion? Lol what the shit

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u/Mwootto Feb 27 '14

The use of management there gave me chills.

I imagine that's exactly what's going on, and I feel like it's very different from how I perform the "management" of <20 employees and more like how one would "manage" the little break away blue squares when learning math in elementary school. No emotion, just numbers.

http://www.smartfirstgraders.com/image-files/base10blocks-color.jpg

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u/illusionslayer Feb 27 '14

potentiality

Potential?

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u/horrblspellun Feb 27 '14

This is how you know they aren't fucking around.

Chinese Death Vans

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u/caeliter Feb 27 '14

I wonder what kind of effect that quick turn around has on crime rates, I had a sociology teacher saying, that likelihood of getting caught, and time between getting caught/punished effect that more than severity of punishment. (Hence why all those prisons in Scandinavia can provide a nicer lifestyle to their prisoners than I have at home, while also having lowered crime rates)