Facepalm or is it worth writing if you are not in the subject?

It’s only February, but we can already give an award for the most untruthful article about cryptocurrency of the year. The Financial Post, considered the most reliable source of financial news in Canada, published an article that looks like satirical news. However, this is not satire, but a serious article by the editor of the publishing house, Diana Francis.

There is a fine line between satire and stupidity, which is important not to cross.

In her article, Diana compares bitcoin and other cryptocurrencies with shares of the company BreX, which in 1997 earned $6 billion in shares by deceiving investors that it had bought land with gold deposits. Dayana’s article is full of other colorful allegories about failed companies in different countries. 

A little about Diana Francis herself: she holds the honorary title of being the first female editor of a national daily newspaper in Canada and has received numerous academic awards, interviewing such luminaries as Margaret Thatcher, Ronald Reagan, Mikhail Gorbachev, Nelson Mandela and Bill Gates. Her article deserves attention only for this reason and for the time spent researching the issue. However, bitcoin is clearly not within her competence, since she writes this:

“Cryptocurrency is an issue of shares without rules, investors should fear it like the plague”is the subtitle of the article. 

“Anyone can create a cryptocurrency out of thin air,” Dayana begins with a well-worn phrase, but then adds something new: “Some create fake cryptocurrency exchanges where fictitious prices are published in order to lure money from gullible clients.” 

Continuing his obsession with fake exchanges, Francis writes: “South Korea and Japan are trying to figure out how hundreds of millions of dollars worth of Bitcoin were stolen from these fake exchanges.”