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walker 1y ago

Legacy journalists are so tiresome…

They purposefully conflate #Bitcoin & “crypto,” using all the unrelated BS of “crypto” to disparage Bitcoin by association…

It’s lazy and transparent.

No wonder legacy media companies are downsizing; lies don’t sell like they used to.

Here’s my favorite line:

“We haven’t suddenly found out the true identity of bitcoin’s pseudonymous creator Satoshi Nakamoto. There is no newfangled initialised asset class on offer that can magic up money out of thin air (before NFTs, you might remember ICOs, STOs, and IEOs).”

https://www.ft.com/content/c4fd2c69-c69a-49e4-9e93-d687aa801e87

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Discussion

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Enchiridion 1y ago

The press office of the BOE spreads misinformation about a monetary network that renders them irrelevant. Seems legit.

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Séimí Mac Síomón 1y ago

Legacy media is trash.

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PirataCuervo 1y ago

I think the advertising revenue model is a huge problem..but not as big as the gov funded media problem

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Daniel Batten 1y ago

Legacy media’s purpose has changed. They are not writing for a mass audience any more, they are now central bank puppets writing for regulators.

Central banks pump out misinformation, use relationships with bank-funded corporate media to get it picked up by legacy media, make sure it is all read by regulators, then lobby regulators to pass antiBitcoin policies that prevent mining, self-custody or institutional investments in bitcoin (because the same central banks have labelled it with a bad ESG rating).