THE ROLE OF THE MAINSTREAM MEDIA IN THE CRYPTO-HYPE

0
113

According to the global ethics network website, the role of media in our society is critical:

In today’s world, media becomes as essential as our daily needs. Media of today is playing an outstandingrole in creating and shaping of public opinion and strengthening of society. Media is the sword arm of democracy. Media acts as watchdog to protect public interest against malpractice and create public awareness

After digging deep into the fraudulent activities going on with cryptos during the past weeks we think it is absolutely disgusting how inexperienced investors have been ripped off in fraudulent crypto schemes since 2016.

A massive driver of this hype has been the favorable reporting about crypto in the media: not only crypto media (we will do a separate article about this soon) but also mainstream media told the people that crypto would be an opportunity of a lifetime. So retail investors, students, housewives, even grandmas bought at the top and are now sitting on heavy losses.

Like an article in The Verge as of Dec 13, 2017:

The Verge
The Verge

 

 

 

or the NewYorkTimes as of January 13,2018:

NewYorkTimes
NewYorkTimes

 

 

 

 

or the Forbes as of July 12th, 2017:

Forbes reporting about bitcoin
Forbes reporting about bitcoin

so probably mainstream media forgot its important role…during the past months.


Also published on Medium.

LEAVE A REPLY

Please enter your comment!
Please enter your name here