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.”
And the most absurd phrase of the article:
"Cryptocurrency is dangerous. For example, bitcoin is self-regulated, but its value is like a yo-yo, and does not have any basic valuation or justification. No one controls the number of bitcoin coins that are issued, and fake miners counterfeit the currency on bitcoin farms. Some of them have already been detained.".
Francis also says that Facebook is banning cryptocurrency advertising "to protect its unfortunate readers, whose ignorance is so great that even after warning they are being deceived.".
No one knows what we would have done without the Financial Post and Diana Francis, who finally shed light on the issue of cryptocurrency and increased our level of security and awareness..
Non-specialized publications not related to cryptocurrency often make mistakes in their articles about bitcoin, but there has never been such a thing where they were so wrong. Diana Frances has had a stellar career, but perhaps it's time to pass the word on to someone who keeps up with the times.
According to https://news.bitcoin.com
You May Also Like
Fomo 3D - an "honest" scam?
Recently, the game Fomo3D has been gaining popularity, creating more traffic than the well-known CryptoKitties. However, it is worth understanding what exactly this game is.
Economists say Bitcoin's high price was caused by buyer 'contagion'
Analysts at the British bank Barclays compare the rise in the price of bitcoin with the spread of infectious diseases. They believe that in December, when the price rose by more than 900%, buyers were “infected” by Bitcoin euphoria. Since then, the price has dropped from $20,000 to $7,000 as buyers have become immune.
