Mainstream media is having a field day as of late by referring to blockchain every time they want to make a mention of companies involved in Bitcoin and cryptocurrency. This trend has been noticeable for quite some time now, and it has come to a point where it seems the media is trying to kill off the term Bitcoin altogether. Futile efforts, though, as people with more than two peas for a brain will know what is really going on.
Time For Media Shenanigans To Come To An End
Everywhere people look these days; it appears as if media headlines only talk about blockchain this and blockchain that. Sooner or later, this will lead to a syndrome known as blockchain fatigue, as everyone seems to be talking about this technology while very few people appear to have a clue what it is they are talking about.
Trends and hype are nothing new in the media landscape, though, as they will gladly jump on any bandwagon humanly possible to attract eyeballs. Blockchain is a hot term right now, and every company and their dog seem to be working on some project involving this technology. However, most of them do not and just send out a press release to be part of the cool club. Media outlets gobble up this information like it is their last meal, and ensure the hype train can roll along.
But at the same time, everyone in the world is well aware there would be no blockchain to speak of were it not for Bitcoin. While there is no immediate effort by the media to give credit where credit is due in this regard, Bitcoin is the only reason why this technology has gained such an appeal throughout the years. This is where the main issue arises, as mainstream media wants to destroy Bitcoin and any interest in this concept as part of their hidden agendas.
Unfortunately for the media, it is time for the shenanigans to come to an end, and the cold hard facts have to be faced. Developing a blockchain for a bank or any other financial firm is not the same as a distributed blockchain found in the Bitcoin ecosystem. In fact, one could argue that distributed ledgers for the financial ecosystem are nothing like the blockchain every company claims to be working on.
People who value economic freedom and the blockchain should take a keen interest in Bitcoin and cryptocurrency. Any other institution claiming to work with this technology is not creating a blockchain, but only a ledger they can use to exert financial control. There is a significant difference between the two, and despite best efforts by the media to blur the lines, the truth cannot be hidden forever.
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