Topic: It is shocking how dumb the press is - (Read 3520 times)

Anyone old enough to remember or grow up in the good old days when you could turn on the news or read the paper and just get the fucking story and the point without having 37 channels of pageant losers and fat blow hards giving us commentary on their opinions, like anybody gives a shit what they think?

I rarely watched the news anyway but I definitely know that there was a moment somewhere when "the news" shifted to crackpot commentary and somewhere in that shift journalists and reporters and investigative reporters started faking the news and fabricating fictions and all but do away with "fact checking".

And now, in so called reputable newspapers (now zines online) I am subjected to what I'd once assumed was a real college educated journalism or communications/media major actually still a journalism/comm major doing this shit here:

"In other news, there not going to be able to loose there job's before the big strike in the battle to bring better microchip's to the world"

And I think, "wow...are you seriously that fucking retarded somebody gave your dumb ass a real job??"

And it makes me sad. Sad that at least America celebrates and gives a platform to illiterate dumbass fools trying to fear monger me into toeing the party line. Even worse, I'm now so hyper aware how illiterate and retarded most Americans are, what with their inability to process 3rd grade grammar and adding apostrophes to everything ending in an "s" (makes me want to throat punch someone)...that I automatically assume it'll be a lazy dumbass American doing it and not a foreigner with a poor grasp over our language. I understand why someone in Algiers might sound like they're not playing with a full deck trying to use English...but it's disturbing to me that I can't tell the difference anymore between that and...one of my own  

This was not bitcoin related and I apologize but it is related to the OP title...

SO to get on point, or at least the one as of page 2, why give a complex explanation for mining to anybody, nobody needs to know all that unless they want to mine. What's wrong with the suggestion someone gave previously, just saying miners basically are processing the transactions in the ledger? Even if it's a little wrong it's not nearly as wrong as the article guy said...

Almost entirely useless. Careerists and cowards. A bad joke.

True investigative journalism is nearly dead, because it has been systemically de-funded.

Seems like this person just didnt mind to really investigate the issue? They just publish.. to publish?

The press usually tries to write at a roughly 9th grade level so enough of their readers will understand what they are saying.

Bitoin is an extremely advanced technology.

IMO the press does a pretty good job of explaining BTC when considering they must write at a 9th grade level even if what they say is not 100% accurate.

What ultimately happens when the press writes about bitcoin is that more people get interested and buy.

These media hacks should be embarrassed. Remember the good old days when journalists actually researched a topic before making an ass of themselves?

No, the dumbest article is when two people said Bitcoin won't be the best electric currency, but the USD will.

I remain unshocked.

It continues to amaze me how the government and MSM promote the idea that increases in the price of housing is beneficial for people, which is completely absurd. All it means is that it is more and more expensive for the next generation to survive and that the next generation has to pay more interest to the banks.

For fucks sake they are now talking about 50 year and interest only mortgages for "home owners" who are in reality anything but and are in actuality permanent renters to the banking class.

I've come to believe that future generations will look on these times as the dark ages and bitcoin will be viewed as the savior for humanity from the barbaric (and by then acient) banking class.

The news is generally written at a 9th grade level. There are some news outlets that may write at a slightly more advance level, however it is unlikely that you will find any mainstream news written even at a college level.

The news is also written towards the masses (they need ad revenue to pay their bills), this is done by the above as well as trying to sensationalize the news.

In essence any news article will be dummied down significantly.

The concept of Bitcoin is inherently advanced, and uses concepts that are usually taught when obtaining an advanced degree. The result of the news writing about advanced concepts to an audience of the masses at a 9th grade level will inevitably result in some inaccuracies and oversimplifications.

The press is doing Bitcoin a big "favor" as it gives it exposure to the masses which will hopefully lead to more widespread adoption by the masses and become accepted by more merchants/vendors/stores.

I put the word "favor" in quotations because the news is getting something out of the stories as well (readership, ad revenue, and the like).

Regular people would have been able to buy houses in cash for $3,000 or less at county tax foreclosure auctions. It would have been a bust for bankers and a boom for average citizens. If Bitcoin should happen to crash to $0.05 again, that would simply be a 2nd chance for more average people to get on board the money wagon!

Deflation is not a problem at all. Deflation provides opportunities for working class humans to move up the economic food chain. Imagine how much better of average everyday Americans would be if everyone simply let their mortgages go, banks were forced out of business, and the houses or underlying properties went up for auction at pennies on the dollar.

Here's what they've missed. 
While there is a limit on the number of Bitcoins, there is no limit to the amount and type of crypto-currencies that can be created. So it is that if Bitcoins are hoarded, and demand for virtual currencies grow, new ones can be created (and have been ie Litecoin). So, there is no issue with liquidity in the world of crypto-currencies.
 

Are you referring to the market manipulation in December 2013, by Mark Karpeles and his friends in Mt Gox? Bitcoin will always be vulnerable to such manipulation, as the number of exchanges are limited.

If Bitcoin should survive to reach its adulthood, then voluminous use in international commerce will stabilize prices and speculation-driven fluctuations will become a relatively small influence.

All these complaints about price volatility of bitcoin are stupid. Obviously the volatility results from current market conditions in which Bitcoin is not yet universally regarded as a standard payment option and not yet used in commerce on the scale on which national currencies are used.

Adoption and volume will stabilize the currency. What bitcoin doesn't need is an external force pushing the price in one direction or another.

I actually believe that this person really believes this to be true. Thank Satoshi that it's simply impossible since these people's fingers are itching to 'pump Bitcoin into the system'.

This has to be the dumbest article ever. Bitcoins were created precisely because the creators wanted government out of the monetary system. To those who don't like don't use it, after all it's a "free" country

Bitcoin Bullshit Generator
http://freedomfeens.com/bs/

What exactly do you mean by natural?