Yes, probably the author only know more of blockchain but lacking good knowledge of the Bitcoin in it entirety.
It is highly important if someone wants to say or write any about bitcoin or cryptocurrency should have in-depth knowledge of it before embarking on that journey of his.
Topic: Bloomberg - total fucking idiots!!! (Read 1320 times)
This is something what we all already knew... 
I am not surprised to see this kind of journalism on Bitcoin coming from a source like this. You have to remember the editor will have to be
more knowledable about the subject for them to approve the articles, and in many instances these editors are even more clueless than the
journalist writing the article, so the editor do not want to look stupid, and he just accepts what the journalist is feeding them.
more knowledable about the subject for them to approve the articles, and in many instances these editors are even more clueless than the
journalist writing the article, so the editor do not want to look stupid, and he just accepts what the journalist is feeding them.
But the editor could contact a bitcoin expert and pay him $1000/hr to ask: "Is the OK, or bullshit". In two minutes the bitcoiner can say this is bullshit. So, for a cost of $33 (two minutes) the editor can have a decent story with integrity.
Next time you read a story on a completely different topic, one in which you are not an expert, just remember it is also likely to be extreme bullshit too.
Integrity is long gone from reporting. Journalism today does not include even a tiny obligation to be correct.
I am not surprised to see this kind of journalism on Bitcoin coming from a source like this. You have to remember the editor will have to be
more knowledable about the subject for them to approve the articles, and in many instances these editors are even more clueless than the
journalist writing the article, so the editor do not want to look stupid, and he just accepts what the journalist is feeding them.
more knowledable about the subject for them to approve the articles, and in many instances these editors are even more clueless than the
journalist writing the article, so the editor do not want to look stupid, and he just accepts what the journalist is feeding them.
You really shouldn't have to expect this from such a big name a Bloombergs, I would expect their articles had to be proofread before publishing.
Sad to say that this isn't even the worst article I've read about Bitcoin, in terms of misinformation.
Sad to say that this isn't even the worst article I've read about Bitcoin, in terms of misinformation.
Mainstream media never gets the technical details right, so they shouldn't even bother with going into them. Even the specialized media makes lots of mistakes. In Bitcoin.com they constantly make articles that interpret the lightning network in a good way (then again who knows if it's in purpose due an anti blockstream agenda)
Oh my goodness, what on earth is this article, it gives us all the wrong information, it is very bad especially for the newbie or common people who just want to start to join bitcoin world, it will give them the wrong idea on how bitcoin work and how bitcoin is earn, how can they just published an article without knowing the truth, it is ridiculous
Who, that time they made something strong ! Those idiots will always impress me ! Telling so much bullshit wouldn't be possible for me even by wanting it.
! Telling so much bullshit wouldn't be possible for me even by wanting it.
The question.
Where the hell did they get that idea?
Is this some kind of a movement to make people get the wrong idea?
I am using bloomberg with my work so I thought they are right as always. But now?
Where the hell did they get that idea?
Is this some kind of a movement to make people get the wrong idea?
I am using bloomberg with my work so I thought they are right as always. But now?
You have to imagine that there are a lot of people out there that are actually willing to pay for this kind of journalism. It's unbelievable that in today's world where you can research a topic on the internet more effortless than ever before you are confronted with such kind of pure misinformation. But maybe bloomberg is on a mission to spread such misinformation to prevent potential users from understanding and using it properly.
However as it happens that I personally know a few journalists I'm not surprised at all. These people tend to quickly sort every kind of information into some kind of personal mind grid, even if it means bending the truth. Their working style is extremely superficial and they are not interested in true insights - I would even go as far to say that they generally lack basic technological and mathematical abilities - , yet they tend to think highly of themselves.
ya.ya.yo!
However as it happens that I personally know a few journalists I'm not surprised at all. These people tend to quickly sort every kind of information into some kind of personal mind grid, even if it means bending the truth. Their working style is extremely superficial and they are not interested in true insights - I would even go as far to say that they generally lack basic technological and mathematical abilities - , yet they tend to think highly of themselves.
ya.ya.yo!
I have a theory. Craig Wright failed to convince us he was the founder and now he wants to destroy Bitcoin with disinformation.
I think we should call both of the author of this article here and teach them how bitcoin works. 
https://twitter.com/luluyilun and https://twitter.com/ynakamura56
Most funny thing they have written is "Every time bitcoin is sent, the private key changes its value" , even newbie knows that private key will not change for lifetime.
https://twitter.com/luluyilun and https://twitter.com/ynakamura56
Most funny thing they have written is "Every time bitcoin is sent, the private key changes its value" , even newbie knows that private key will not change for lifetime.
I doubt the author's IQ, he must wanna say the balance changes its value, lol, but he didn't know the meaning of balance and pri key.
I think we should call both of the author of this article here and teach them how bitcoin works.
https://twitter.com/luluyilun and https://twitter.com/ynakamura56
Most funny thing they have written is "Every time bitcoin is sent, the private key changes its value" , even newbie knows that private key will not change for lifetime.
https://twitter.com/luluyilun and https://twitter.com/ynakamura56
Most funny thing they have written is "Every time bitcoin is sent, the private key changes its value" , even newbie knows that private key will not change for lifetime.
Journalist without a brain 
The company clams it has professional Journalist Working with them and the are the best
just tell me why you can not hire an expert on bitcoin or cryptocurency to arrange articles regarding cryptocurrency for you
GO GET A BRAIN
The company clams it has professional Journalist Working with them and the are the best
just tell me why you can not hire an expert on bitcoin or cryptocurency to arrange articles regarding cryptocurrency for you
GO GET A BRAIN
Code:
Bloomberg
Holy crap for once I agree with what you're saying. These people clearly don't have a clue what they're saying. If for some reason they do know what they're talking about but just wrote it terribly that's an even bigger fail in my books.
What interests me about the whole Bloomberg fiasco here is that apparently very few at Bloomberg know much of anything about Bitcoin! Bloomberg employs thousands of purportedly smart people, yet they cannot easily find someone on their ranks who knows enough to write about this subject without so many mistakes or distortions?
Neither incompetence nor malice seem to explain this. Perhaps it's both...
What cracks me up, is that RawDog < The biggest Troll / Shill on Bitcointalk > has reached Legendary ranking on a forum dedicated to the promotion of Bitcoin, and that he has posted a thread to defend Bitcoin. Will we one day see him turning sides to fight against the system he is currently supporting? That would be one of the highlights of this forums history.
This guy has clearly a lot of knowledge of Bitcoin, but he is fighting the wrong battle. ^hmmmmm^
Back to the topic on hand. We call writers like these, Journalist on Crack. < JoC >
This guy has clearly a lot of knowledge of Bitcoin, but he is fighting the wrong battle. ^hmmmmm^
Back to the topic on hand. We call writers like these, Journalist on Crack. < JoC >
I had to click the link to verify, as I didn't believe it. A bit shocking...
That is a pity. To think some of these irresponsible "journalists" who have graduated from good and fancy universities only to become clueless, misinformed idiots who writes whatever they want are a bane for everyone. Uninformed, ordinary people who are relying on these "journalists" to give them information that are considered fact are victimized by these journalists' irresponsible and sometimes even corrupt actions.
We should tweet those people and tell them, in a nice way, that what they wrote is misinformed and just plain wrong.
We should tweet those people and tell them, in a nice way, that what they wrote is misinformed and just plain wrong.
Holy crap for once I agree with what you're saying. These people clearly don't have a clue what they're saying. If for some reason they do know what they're talking about but just wrote it terribly that's an even bigger fail in my books.
lol - cracks me up every time. Look at Yuji Nakamura twitter: ynakamura56; and Lulu Yilun Chen twitter: luluyilun.
Hilarous display of lack of knowledge from press :/ ... im smiling through tears of dissapointment. Jump to: