Post
Topic
Board Bitcoin Discussion
Re: Is crypto/blockchain overrated? Are we in echo chamber?
by
darkangel11
on 15/06/2018, 17:40:33 UTC
Unfortunately, I see some signs that crypto community has actually built an echo chamber where all criticism is ignored and labelled as "FUD", while any positive statements are repeated without any thinking. One of the big signs is that you can very rarely hear about blockchain on non-crypto platforms. If you are reading news and social media, you can often hear about technologies like VR, AI, robotics, space travel, clean energy and so on, but you will almost never read anything about blockchain. Bitcoin is probably the most covered crypto-related thing in mainstream media, and generally it gets attention when its price dramatically changes. It seems like the world is way less interested in blockchain and cryptocurrencies than in other cutting-edge technologies.

I can't agree with this. I see plenty of articles about BTC, blockchain and ICOs in the mainstream media, even the smaller local outlets are covering it. It may seem that there are more articles about robotics and space travel than BTC because those aren't new things. BTC is nearly 10 years old, while the concept of robotics was coined by Asimov 70 years ago!
There's not that much coverage because:
1. You're not reading the right media. Go to Japan and by a newspaper, you'll probably find some mention of crypto, even if it's only in the form of an ad.
2. People are still unfamiliar with the concept. If you don't believe me go outside and ask 10 people in the street if they know what robotics is. Then ask them the same thing about blockchain.
I believe that the number of experts in robotics around the world is 100 times higher than the number of blockchain experts. And it also applies to journalists.