Out of all the journalists, technology specialists, financial firms and commentators, when is one of them going to say something genuinely enlightening about cryptocurrency? Surely someone can come up with something original, something that's not some shallow, impressionistic "it'll never work" attempt that is refuted by theory as well as (now frequent and numerous) practice?
They all seem to get stuck right at the very beginnings of getting to grips with the most basic aspects of the concept. I mean, does this guy really understand any of the issues around why 6 confirms is considered a standard for faith in transaction irreversibility?
The people who make commentary that implies they really do understand at least something about the underlying technology are almost exclusively those that admire it. The rest seem to come from the one-finger typist, "ring the Computer Repair guys to get the printer working" kind of crowd. Are they just afraid of being the last of the technically inept dinosaurs?
Are you asking hypotheticals? The answer is obviously: they won't say anything enlightening, they don't understand it fully.
You're asking when the established, old-money mouthpieces are going to start talking against their old-money teet? The second they want to starve. If anything, you can see who these various "media outlets" are in bed with by what they're allowed to write about and how it's allowed to be handled.
When do you think the editor-in-chiefs of these various outlets called a meeting and said "all right, someone explain what this fucking bitcoin is?" They barely, if at all, adopted WEB TECHNOLOGY, let alone this... most institutions in the world barely have their shit together running antiquated systems from 15-20 years ago because its too expensive to upgrade or they can't (don't) afford decent IT staff.
Loldom, people on this board are beginning to sound even more like me than I do
I think this whole "stop the world, I wanna get off" mentality is going to cause some real social tension by the end of this decade. Being part of the lazy, entrenched class that rely on the business paradigms that accompany them is going to be really hard on those that don't want to let go. And they may conceivably lash out, using whatever leverage they're clinging to, as they may refuse to imagine any other way of life than what they thought was always theirs forever. The fireworks may be unpredictable, and could maybe uncover some interesting untold truths (as if we've not had enough of those after finding out 20th century currency is a con-game). Should be fun, when watched from a safe distance anyway.
