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?
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.
It's honestly no different than other 'money news'... the news surrounding it is reactionary to policies, disasters, official launches of product/industry/tech around it.
That simply doesn't exist in any substantial volume regarding bitcoin, so its relegated to a 'blog tag' for some op-ed commentary that just parrots whatever launches, releases, big topics that are out there.
With the crazy volatility you just have a lot more high profile "don't get it at all" posts and assertions and less of the common huckster bullshit that you see surrounding the dollar (mad money, CRAZY TIPS, etc)...
stakes are way, way higher with less investment here. if you could really divine these changes you would not share them, no amount of 'investment reputation' could make up for the profit you'd gain by actually keeping it to yourself.
It is a very nice filter. . . the "how to get rich via bitcoin" is a very short book.
