Post
Topic
Board Speculation (Altcoins)
Re: [XMR] Monero Speculation
by
smooth
on 19/01/2016, 05:02:03 UTC
Edit: haven't you been slightly suspicious of why the MSM publicized Bitcoin so much. That doesn't happen without the approval the global elite.

No, because they really didn't.

They started covering it only after it starting making new highs in 2013. They covered a bit of the Silk Road and MtGox stuff, but never in a manner that promoted Bitcoin at all. The latter was often mis-reported as Bitcoin having failed or gone bankrupt or something.

Since the price sagged in 2014, they barely cover it at all. Occasionally there is something in business news (WSJ, Bloomberg, etc.) but that's about it. Hearn's piece in the NYT was unusual, and again negative.  A lot of the (business) coverage now avoids mentioning Bitcoin at all and talks about "the blockchain" (of course, that's where most of the VC money is going too).

I don't see the MSM promoting Bitcoin at all. If Bitcoin enjoys further success from here it will without (short term) help from MSM/elite.

You can still find non-tech people or even some tech people who have never heard of it, or think it failed in 2014. Some techie I know outside of crypto recently owed me $20. I asked if he wanted to send Bitcoin instead of Paypal, etc. and he had no clue whatsoever. Pretty common.

The MSM drove the bubble in 2013.

That's not my recollection at all, and I was here, actively mining and trading. They were late to it. Followers, not drivers.

Now as for what actually did start it and drive it, that's a whole other ball of yarn. MtGox issues, China speculation, Silicon Valley heavy hitters buying in, reduced supply from the halvening, the transition to ASICs. I've heard all these theories and more. Who knows.

EDIT: If you are saying that an elite drove it behind the scenes, that may be possible. But the mainstream media did not drive it with public coverage.