Mainstream Media and Bitcoin Adoption, a Love-Hate Relationship
The mainstream media has played an important role in Bitcoin adoption. It has made the cryptocurrency famous while making people think twice before using it. Bitcoin has had its share of bad press, which it continues to attract. The core proposition of Bitcoin has always been about the democratization of financial system and financial independence, free from the influence of banks and governments. But, it took a “Silk Road” to make it popular or infamous, depending on whom one asks. Mainstream media has the habit of chasing one controversy after another. In their hunt for steamy, clickbait....
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Two competing Bitcoin forums on popular social media website strike a startlingly different tone when it comes to one of the most popular and influential corporations in the Bitcoin industry: Coinbase. Bitcoiners like to express disdain for leading Bitcoin wallet service and exchange Coinbase on r/Bitcoin, the Bitcoin forum moderated by the controversial administrator Theymos, who faces criticism for censorship. R/btc, which sprouted as an alternative to r/bitcoin, strikes a more positive tone when it comes to the San Francisco startup. On Reddit, where Bitcoiners love to engage in lively....
Movements succeed with numbers. Many people must partake to create the change we want to see. Bitcoin has come a long way since its introduction in 2009, and we are currently in mainstream media almost daily. Both the American and Canadian Senates are investigating our beloved virtual currency. However, we still have a long way to go to dispel the myth that many people hold that Bitcoin is an underground currency used to buy and sell drugs, or is not financially viable. The key in efficiently and effectively increasing adoption is in numbers. The more people we can reach at once with....
Movements succeed with numbers. Many people must partake to create the change we want to see. Bitcoin has come a long way since its introduction in 2009, and we are currently in mainstream media almost daily. Both the American and Canadian Senates are investigating our beloved virtual currency. However, we still have a long way to go to dispel the myth that many people hold that Bitcoin is an underground currency used to buy and sell drugs, or is not financially viable. The key in efficiently and effectively increasing adoption is in numbers. The more people we can reach at once with....
Typical Latin America. The region as a whole is having a love/hate relationship with cryptocurrencies. On the one hand, apparently, crypto remittances in Brazil, Argentina, and Venezuela grew 900% last year. On the other, Mexico and Peru’s Central Banks are actively working in their CBDCs. Which way will the scale tip? The jury’s still out […]