Topic: Why does the mainstream media ignore altcoins? - page 3. (Read 2232 times)

I agree with this. People aren't even used to hearing about bitcoin, so time shall pass, they have to learn some basics and then they can try finding out about other coins.
I think there's another reason for that, though. That is, perhaps the journalists are afraid to make news on alts since it's hard to know about which alt to talk. You may say that it's not a problem, one can simply choose top 5 on coinmarketcap. But don't forget that eth is #2 but still there are many people who say it's a scam overvalued coin. Perhaps, the media doesn't want to risk its reputation.

To OP

I think the main reason why mainstream media ignores alt coins is because to the average person, crypto currency is way too hard to understand. I think the day your grand mom can understand it, is the day alt coins will be mainstream.

We will get there but are not there yet.for now, BTC is our poster child

its not surprising anymore even now on the current state of crypto specially on bitcoin media does already give bad impressions to the public which would really ruin on its adoption how much more on altcoins for sure it would go the same way too.Marketcap is still small which cant really caught attention but as you said there would be a time on which they will seek out informations or news on crypto once it would boom out.

All crypto is "worth"  Market Cap: $35.740.655.054 That is really little. In few years time it will totally different and media will be full of it.  But you know what they like. Criminal and scams so that will be covered of crypto.

I can pretty much explain to people not knowledgeable about Bitcoin what it is and in layman terms how it works so they 'get it'.

When you try and talk about Alts and explain that some are like Bitcoin but are not Bitcoin or even terms like contracts on the blockchain, tokens, POS, platforms etc I never fail to see their eyes glaze over and look bewildered and/or bored. I sometimes manage to get over the concept of coins like XMR or ZCASH - they can understand the difference between public and private blockchain info.

I think this is the issue with 'mainstream media'.

However, there are platforms out there on the cusp of providing genuine, disruptive offerings with mass reach and mass appeal - as with biometric scanning, VR headsets and AI the 'mainstream media' will scream and shout about it then. Don't plan on the media shouting about the platform you researched to be the best out there - it's not rational or coherent.

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.

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.