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Topic: Reeee: Does Bitcoin exist? - page 2. (Read 279 times)

legendary
Activity: 2352
Merit: 6089
bitcoindata.science
August 10, 2021, 03:48:32 PM
#2
Therefore, you should be careful of what information you believe when reading the news — always use your brain — and then register only the information that makes sense and sounds reasonable to you. And definitely don’t believe random information on the internet just because someone said so, without verifying it.

The problem with Elon Musk is that he is a very interesting person. I know he is hated in cryptocurrency, because he said a lot of bullshit on his twitter, but this guys is an inventor. A lot of people respect him. He created several interesting companies (tesla, spacex, paypal, starlink,..).

He has some authority ,not because he is rich, but because he is a genius. Sadly, he is now spreading misinformation about bitcoin...

legendary
Activity: 1568
Merit: 6660
bitcoincleanup.com / bitmixlist.org
August 10, 2021, 03:31:06 PM
#1
From https://zenul-abidin.medium.com/does-bitcoin-exist-85ac295fe083:

~long wall of text snipped...

Appendix: Tesla, Tesla, Tesla

You gotta love it when people correlate crypto with Tesla and its billionaire founder Elon, don’t you?

~gif

(Actually, it makes me cringe. I hate it, and this is almost like watching Steve Ballmer do the “Developers” dance on repeat.)

Here’s the problem with Elon and Tesla’s association with bitcoin. He is now widely considered an authority on the subject, and people just take his financial advice without running a compiler’s semantical code check on them first. The result is, you see a wide range of silly trading errors comparable to those pages of syntax error before ‘;' token or Undefined symbol FOOBAR\nfirst referenced in file process.c errors you see in your Makefile output. Fellow developers, does that ring a bell?

You shouldn’t be blindly accepting opinions about crypto from random people on the internet (including myself and this article), not even a billionaire’s opinion. Unfortunately, for the majority of casual Twitter and news surfers, this is not the case.

Ignore the raging about alleged pump & dump effects for a moment, and focus on the following: The end result is that critics now start giving off the wrong impression about Bitcoin, based on people like Elon’s view on the coin, which is read by hundreds of people. When you consider that there are dozens of articles like those published in a month (a guesstimate), the number of misinformed people rises to the tens of thousands mark.

Therefore, you should be careful of what information you believe when reading the news — always use your brain — and then register only the information that makes sense and sounds reasonable to you. And definitely don’t believe random information on the internet just because someone said so, without verifying it.

This article has been prompted by a torrent of misinformation swarming Medium right now about cryptocurrencies.

TL;DR I know clickbait titles with "Bitcoin price will dump to zero" but are about some totally different aspect of bitcoin are catchy and generate a lot of views, but this is the prima foca element that's messing with crypto prices and the reason why we have to endure these long and largely unnecessary crypto winters.
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