Topic: Why does the mainstream media ignore altcoins? (Read 2201 times)
If they ignore let them ignore, it's better, who cares about mainstream media, it's another old business going down. No-one believes shit about what they say anymore.
$LGD gets the most mention. Love it or hate it the media can't stop talking about it. And it will get much much more attention when the club opens.
https://motherboard.vice.com/en_us/article/a-las-vegas-strip-club-is-making-it-rain-cryptocurrency
http://www.ibtimes.com/cryptocurrency-increasingly-popular-safer-payment-option-sex-workers-2533733
https://toplessvegasonline.com/coming-soon-the-legends-room-a-new-bitcoin-strip-club-in-las-vegas/
http://www.financemagnates.com/cryptocurrency/news/new-las-vegas-strip-club-raise-15m-cryptocurrency-crowdsale/
http://terezowens.com/former-ufc-fighters-open-own-strip-club/
https://motherboard.vice.com/en_us/article/a-las-vegas-strip-club-is-making-it-rain-cryptocurrency
http://www.ibtimes.com/cryptocurrency-increasingly-popular-safer-payment-option-sex-workers-2533733
https://toplessvegasonline.com/coming-soon-the-legends-room-a-new-bitcoin-strip-club-in-las-vegas/
http://www.financemagnates.com/cryptocurrency/news/new-las-vegas-strip-club-raise-15m-cryptocurrency-crowdsale/
http://terezowens.com/former-ufc-fighters-open-own-strip-club/
ETH is an altcoin, the mainstream media does not ignore ETH.
There is plenty of coverage of alts in the mainstream media.
Here is rthe NYTimes on Ether for example:
https://www.nytimes.com/2017/02/27/business/dealbook/ethereum-alliance-business-banking-security.html
Doge got loads of coverage worldwide when they were sponsoring that Jamaican bob-sled team, and again when they did that Nascar sponsorship.
Basically you need to have something eye-catching about your coin, and they'll cover it. A shitcoin that is exactly like all the rest will get ignored.
Here is rthe NYTimes on Ether for example:
https://www.nytimes.com/2017/02/27/business/dealbook/ethereum-alliance-business-banking-security.html
Doge got loads of coverage worldwide when they were sponsoring that Jamaican bob-sled team, and again when they did that Nascar sponsorship.
Basically you need to have something eye-catching about your coin, and they'll cover it. A shitcoin that is exactly like all the rest will get ignored.
Because most of the altcoins are just pump and dump coins and no real life use cases. If you think the media will sift through those altcoin to find any news worthy coin, they won't. And besides, I view mainstream media as a paid news. They'll broadcast any news that will make them money. And altcoins is not one of them.
They are still small potatoes in the grand scheme of things.. it's kind of like how they focus on gold and ignore silver, platinum, palladium, and rhodium. Gold is the "standard" used by the rich, similar to how bitcoin is regarded.
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Marketing.
Bitcoin is sexy. It's Silk Road and Darknet and Randomware and Chinese Mining Conglomerates.
Ethereum sounds like a Greek morality tale. Bad marketing. But don't worry, Ethereum will get there eventually.
I mean, hell, "Walmart" sounds like a place that sells faux wood paneling, but look where it is today.
Bitcoin is sexy. It's Silk Road and Darknet and Randomware and Chinese Mining Conglomerates.
Ethereum sounds like a Greek morality tale. Bad marketing. But don't worry, Ethereum will get there eventually.
I mean, hell, "Walmart" sounds like a place that sells faux wood paneling, but look where it is today.
I agree, a good name is definitely important in establishing a reputation early. While I'm not the biggest lover of Dash, their name is, in my opinion, one of the best, at least compared to something like "Bitcrystals" or "Decred". I think devs are becoming more aware that you need to design your coin with at least some degree of accessibility in mind, and Dash have done an excellent job of this.
Alts are pinksheets on steroid....
Marketing.
Bitcoin is sexy. It's Silk Road and Darknet and Randomware and Chinese Mining Conglomerates.
Ethereum sounds like a Greek morality tale. Bad marketing. But don't worry, Ethereum will get there eventually.
I mean, hell, "Walmart" sounds like a place that sells faux wood paneling, but look where it is today.
Bitcoin is sexy. It's Silk Road and Darknet and Randomware and Chinese Mining Conglomerates.
Ethereum sounds like a Greek morality tale. Bad marketing. But don't worry, Ethereum will get there eventually.
I mean, hell, "Walmart" sounds like a place that sells faux wood paneling, but look where it is today.
I do not think mainstream media ignore altcoins. There are lots of news lying around about altcoins specially ethereum, monero dash and other cryptocurrency that are listed in top of coinmarket cap. Aside from that, the reason why other altcoins are not getting the front page is that, they mostly offer the same tech, project and other stuff the other bigger altcoins offer. Meaning there is no news.
In the most beginning bitcoin also didn't attract any attention from the mass media. I even remember on news there were something like bitcoin is just new financial pyramid.
But let's look on that point why bitcoin is attracting more and more attention today. I am sure that everything because of it's raising price. Everything is roll around money today. So while altcoins make their break ups, their price is still not so high, that's why mass media don't talk about it.
But let's look on that point why bitcoin is attracting more and more attention today. I am sure that everything because of it's raising price. Everything is roll around money today. So while altcoins make their break ups, their price is still not so high, that's why mass media don't talk about it.
They don't ignore altcoins. It's just that it isn't that newsworthy.
a billion in business is not a lot nowadays
the industry is still too small for any mainstream media attention
even if you include Bitcoin, the current market cap of all crypto's is 45 billion
to put that in comparison, the current market cap of e.g. Ford (the automaker) is about the same, 44 billion, and that's only one company
total market cap of all S&P 500 companies (the five hundred largest companies in the U.S.) is 20 trillion
altcoins at the moment are peanuts
the industry is still too small for any mainstream media attention
even if you include Bitcoin, the current market cap of all crypto's is 45 billion
to put that in comparison, the current market cap of e.g. Ford (the automaker) is about the same, 44 billion, and that's only one company
total market cap of all S&P 500 companies (the five hundred largest companies in the U.S.) is 20 trillion
altcoins at the moment are peanuts
The media has been covering alts. Every time they cover an ICO they are talking about it. Compared to the past (which was zero) almost any coverage is a big improvement.
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Hmm... Those who own powerful media companies are probably heavily vested in fiat currencies and shares in large corporations. I wonder if they see alternative cryptocurrencies and decentralized autonomous organizations (DAOs) as a threat to their holdings.
To the best of my knowledge, most respectable media establishments allow their journalists to have a certain degree of autonomy and for the most part keep the owners out of the editing side of things, so as to avoid a conflict of interest. Obviously, this has varying degrees of success, as demonstrated by Al Jazeera English's relative autonomy and Al Jazeera Arabic's relative subservience to the Qatari state. Just my view though.
If the altcoin industry is now a multi-billion dollar industry then why doesn't the media treat it like one?
2016 and 2017 marked an enormous change in the cryptocurrency industry with alternative cryptocurrencies in particular gaining multi-million dollar or even billion-dollar market caps. The altcoin industry became a major industry in its own right and has gained the attention of banks, tech giants like Microsoft, and venture capital firms.
And yet, why is it that we never hear about altcoins in the mainstream media? By mainstream, I am referring to news websites like BBC.com, newspapers like the New York Times and the Washington Post, and TV news stations like CNN, Fox News, and NBC.
I can understand why the media did not report on say Darkcoin back when it had a $10 million market cap or NEM and Monero when they had a $2 million market cap because back then, altcoins were amateurish projects with only a small community of crypto geeks interested in them (I should know, I was one of them
).
Some altcoins do have mentions but they tend to be one-sentence examples. Only a very small few (e.g. Litecoin, Ethereum) have multiple articles dedicated to them.
Searching Fox News for the terms "Lisk", "Ardor", "Stratis", or "Monero" reveals nothing. Even "DASH" yields no results.
When PIVX gained a $100 million market cap, no news outlets mentioned it (Searching the term "PIVX" on BBC, Fox News, or NBC shows zero results). There is also no mention of PIVX in Reuters, Bloomberg, or the Wall Street Journal even though these are precisely the kind of places where you'd expect to find such information.
2016 and 2017 marked an enormous change in the cryptocurrency industry with alternative cryptocurrencies in particular gaining multi-million dollar or even billion-dollar market caps. The altcoin industry became a major industry in its own right and has gained the attention of banks, tech giants like Microsoft, and venture capital firms.
And yet, why is it that we never hear about altcoins in the mainstream media? By mainstream, I am referring to news websites like BBC.com, newspapers like the New York Times and the Washington Post, and TV news stations like CNN, Fox News, and NBC.
I can understand why the media did not report on say Darkcoin back when it had a $10 million market cap or NEM and Monero when they had a $2 million market cap because back then, altcoins were amateurish projects with only a small community of crypto geeks interested in them (I should know, I was one of them
).Some altcoins do have mentions but they tend to be one-sentence examples. Only a very small few (e.g. Litecoin, Ethereum) have multiple articles dedicated to them.
Searching Fox News for the terms "Lisk", "Ardor", "Stratis", or "Monero" reveals nothing. Even "DASH" yields no results.
When PIVX gained a $100 million market cap, no news outlets mentioned it (Searching the term "PIVX" on BBC, Fox News, or NBC shows zero results). There is also no mention of PIVX in Reuters, Bloomberg, or the Wall Street Journal even though these are precisely the kind of places where you'd expect to find such information.
The reason is no one using altcoins, you never see big company would accepting Lisk or Monero or Eth, you can only see store and company are accepting Bitcoin.
Current price jump for altcoins is base on hype and whales pump, the usage for any altcoins is pretty much limited. I bet most people don't even know how to say or spell Ethereum and I don't think the mainstream will ever accepting it. I think this going to take awhile for the mainstream to accepting any altcoins, included the medias.
alternative money systems alias cryptos are in direct conflict witth the elite and their central banks, the elite controls the media, so they would be idiots if they would report on their enemy
everytime you see bitcoin in mainstream media, the words unsafe, money laundring, drugs etc come at some point, theyre scared af and i love it
Sometimes i think appearing in mainstream media isn't what we actually want. Global medias are in control by rich elite, and they can decide this new wave is dangerous for us and they will protect us.They can fabricate what they wont. I think that Bitcoin is on probation, and all others can only wait.everytime you see bitcoin in mainstream media, the words unsafe, money laundring, drugs etc come at some point, theyre scared af and i love it
100% agree ignoring us was the biggest mistake the elite ever did!
because they are stupid and controlled and shill 'news' to the sheeple.
Why does the mainstream media ignore altcoins?
They're not ignoring them. It's just not profitable for them to to give altcoins all the free promotion. And why would they? They're all pretty much gonna die anyway. Ok, no all but most of them.
BBC's Click featured Ethereum once tho. They even described Buterin as some sort of genius which I found funny. But good for him.
alternative money systems alias cryptos are in direct conflict witth the elite and their central banks, the elite controls the media, so they would be idiots if they would report on their enemy
everytime you see bitcoin in mainstream media, the words unsafe, money laundring, drugs etc come at some point, theyre scared af and i love it
Sometimes i think appearing in mainstream media isn't what we actually want. Global medias are in control by rich elite, and they can decide this new wave is dangerous for us and they will protect us.They can fabricate what they wont. I think that Bitcoin is on probation, and all others can only wait. everytime you see bitcoin in mainstream media, the words unsafe, money laundring, drugs etc come at some point, theyre scared af and i love it
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