Media Fails In Attempt To Destroy Bitcoin In Favor Of Blockchain
Mainstream media is having a field day as of late by referring to blockchain every time they want to make a mention of companies involved in Bitcoin and cryptocurrency. This trend has been noticeable for quite some time now, and it has come to a point where it seems the media is trying to kill off the term Bitcoin altogether. Futile efforts, though, as people with more than two peas for a brain will know what is really going on. Everywhere people look these days; it appears as if media headlines only talk about blockchain this and blockchain that. Sooner or later, this will lead to a....
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Venture capitals may like the ideas of other public chains like R3 but they will later realize that Bitcoin is the real thing after the Blockchain bubble bursts, says angel investor in Bitcoin and Ethereum startups, Chandler Guo. He said in his interview with ether.camp at the Clare Hall of the University of Cambridge: “We’ve come to revolutionize them, not to be in cooperation with them. So we don’t like them. They are a big company, banking idea. We come here to use Bitcoin to destroy their system, not to follow them.” He also suggested that the price of Bitcoin could reach $10,000 or....
Bitcoiners champion how blockchain technology could undermine the financial system and effectively destroy banks. Bitcoiners mention how banks are going the way of the buffalo and blockchain inspired technology – or simply Bitcoin – will revolutionize the way the world does, basically, everything. Bitcoin, they say, will allow individuals to become their own banks. But, what if the opposite is happening? Many people on the opposite side of the aisle believe that blockchain technology will cut overhead so much that the record profits big banks have made in recent years will look small.....
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When it comes to bitcoin, it would be fair to say that the mainstream media does have a tendency to get things wrong. Although coverage has improved since the early days, as some journalists are beginning to take the digital currency and its underlying technology more seriously, mistakes continue to crop up. Ranging from hugely inaccurate to outrageously funny, here are some of the biggest mainstream media fails to date. 1. Hunt for Satoshi Nakamoto. The mainstream press has joined the pursuit to identify Satoshi Nakamoto, the person or group of people credited with creating bitcoin. Back....