I have to laugh at the arrogance of many people. They think they know what is going on yet really have no clue. What makes it worse is they post comments to show how little they really do know.
Of course, the fact that most people are headline scanners and believe they understand something simply because they saw it on MSNBC or FoxNews makes this even more ridiculous. Yet that is what people do.
This is never more evident than in the FUD we see with cryptocurrencies. The mainstream media puts out tidbits to get the masses against it and the prices crash. Then we get the "told you so" antics going.
The only issue with this is that they really have no idea what they are talking about. Cryptocurrency has nothing to do with money even though that is one of its uses. Nor does it have anything to do with blockchain although that is what it is built upon.
What cryptocurrency does is moves the power from the hands of a few to the hands of the many. The power of cryptocurrency is decentralization. This is the key point that many miss.
Nevertheless, it is funny to see how many people are indoctrinated into the thinking I just mentioned.
Here are some comments I took off an article on Marketwatch.com.
i'm gonna ico shitcoin.....target is 250K per shitcoin...lol
The following media report from Africa, is written by the former head of the MIT Digital Currency Initiative.
Bitcoin’s rise in African markets is driven by an old Russian ponzi scheme
https://qz.com/1100886/bitcoin-in-africa-is-driven-by-mmm-mavrodi-ponzi-scheme/
Besides that ponzi scheme driving Bitcoin in multiple nations on the continent of Africa - that ponzi scheme also has many participants from Indonesia, Thailand, India, etc., etc..
Tyler Winkelvoss, I dare you to prove me wrong. My fixed opinion is that cryptocurrencies like Bitcoin are just lines and lines of computer code. The fact that those lines of computer code were "mined" via complex mathematical algorithms does not make them special. The "mining" will never turn lead into gold. How about you stop wasting electricity?
I use two forms of cryptocurrency. One is called a "debit card" that is used directly out of my bank accounts, and one is called a "Mastercard"... similar, but it uses a leveraging system for free credit. Both are secure and encrypted and insured by FDIC.
bitcoin soon headed for $4.56
People like Tom Lee and Tyler Winkelvoss prove we should have never legalized recreational drugs. Happy hallucinations Boys
Lunacy has no bounds. Fake money is laughable.
The BLIND leading the BLIND . . . When the TRUST runs out so will the CRYPTOS !
Of course, we know the media is in on this ruse helping these clueless people along. I love how one trusts the FDIC and other talks about the trust in Bitcoin running out...how about the USD mate?
Take this article...here is the headline...
"Good news for people who haven’t got a clue about cryptocurrency"
Now notice the link to the article and how it is phrased.
Notice anything different? I guess we could ask what they really think yet that would be pointless...we already found out.
This is what these people think of Bitcoin investors (and by default all crypto investors). For this reason, we each need to do all we can to make sure we push this industry ahead each day. There are enough naysayers and attackers out there, we do not need to do it to each other. Anyone who is on the STEEM blockchain is involved in crypto. It is how we are paid and the currency we use on here.
Bitcoin has been ruled dead a few hundred times already yet each time it bounces back. I am sure the masses have no idea why and the fact that there is actual development on that blockchain; people who are building businesses. This little fact is overlooked.
I am sure we will see the same applied to Ethereum and Litecoin as some point. The mainstream wants nothing more than these things to go away. It isnt happening. Yet people behave like it is business as usual.
People do not realize it but they will all be using tokens in 5 years. There is too much of our daily lives that will end up on blockchain. All forms of media are going to be tokenized in the next half decade if for no other reason than it is a way to diminish the pirating of their content. From there, we will most likely see it extend out into most areas of life.
What this means is that most people we introduced Steemit or STEEM to will be back. They will have no choice. When they see what is going on, they will realize they had the proverbial gift horse right in front of them.
At that time, it will be our turn to smile and say to ourselves "told you so".
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