An awkward and surprising article from The Economist where they simultaneously insult bitcoin and conclude it’s hard to kill and real.
pull down to refresh
pull down to refresh
An awkward and surprising article from The Economist where they simultaneously insult bitcoin and conclude it’s hard to kill and real.
Someone posted this last week and I made the same comment. I used to read the economist a long, long time ago. Good writing and often funny. It went off the rails about 20 years ago. I was shocked when I read this. They have been so negative towards bitcoin that I think it's a real MSM turning point. I guess that's a good thing, but maybe not. I hope it's not an acknowledgement that bitcoin is about to be coopted and hypothecated by the big boys.
Main Stream Media went off the rails when it became online ads supported. Most censorship comes come from the online ad agencies that pick what content they want to be associated with. This industry is gay and female dominated, the two censorship-happy anti-free speech groups. Print advertising was more primitive, with a more direct relationship between the publisher and the end advertiser .
This is why I am such fun of SN
Amazing article, love it.
The writer is probably pro-bitcoin and thought "how can I get the people who religiously dislike Bitcoin to read an article about the benefits of Bitcoin?"
Genius.
Unfortunately the author is referring to crypto a lot with regards to resilience and that it can't go bankrupt or shutdown, which actually counts for Bitcoin.
https://m.stacker.news/9461
This is the big realization that is starting to land. There can only be so many "deaths" of Bitcoin before people wake up to the fact it's not going anywhere.
This is an interesting article, I can liken most crypto to the cockroach analogy given in the introduction
I've stopped reading articles from these wishy washy news outlets. All of them have lost their credibility.
Yea? I bet more than half the world views Jamie Dimon as an unwelcome guest.
Wow, the economist published this? I guess that's all the proof anyone needs that Blackrock's entrance into the space was what the mainstream was waiting for to change their opinions.
Can't wait to see how big January's green candle is going to be.
Better headline: Why the Economist got it completely wrong about Bitcoin for the past 15 years
nice one, maybe we should make a territory to collect these MSM articles to document this slow but inevitable U turn in their sentiment towards Bitcoin. I expect we will see more of this over 2024 and it will be interesting to see what spins they are going to come up with. Hoping to see a lot of the stuff Daniel Batten covers and the projects like the ones in Malawi mentioned in the recent What Bitcoin Did podcast with Jeff Booth and Alex Gladstein, that's the exciting stuff imo.
deleted by author
From the perspective of those new to Bitcoin, they want to discover BTC and want to own as much of it as possible.
From the perspective of whales, they want the financial market to be owned by them. They want to hold as much BTC as possible.
=> BTC price is pushed up to attract new people and attract new whales
deleted by author
You can no longer ignore the top performing asset of the last decade plus. Facts are facts and money is money!
deleted by author
Interesting read! While The Economist may downplay bitcoin, its resilience and inherent value are hard to ignore. It seems like the digital currency is here to stay despite the skeptics.
Interesting take from The Economist on bitcoin - calling it out while recognizing its resilience and authenticity. Thought-provoking read!
Bitcoin may not be everyone's cup of tea, but its resilience and staying power cannot be ignored. The Economist's thought-provoking article highlights the complexities of this digital currency, reminding us that even amidst skepticism, it continues to thrive in unexpected ways.
The article you've shared seems to be discussing Bitcoin and its potential impact on the financial world. While the author of the article may have a negative viewpoint on Bitcoin, it's important to remember that there are many different perspectives on the topic. Is there anything specific you'd like to know or discuss?
It's quite fascinating how The Economist managed to both critique and acknowledge the resilience of Bitcoin in the same article. It goes to show that even skeptics can't ignore Bitcoin's growing impact and durability in the financial world. This duality in their analysis really highlights the complex and often contradictory views surrounding cryptocurrencies.
Interesting read! The Economist's take on bitcoin is both critical and acknowledging its resilience. Love how they challenge the popular narrative while recognizing its potential staying power.