I love a good read for lunch.
Bitcoin is dead. Bitcoin is dead, cry the critics. Like vultures at a funeral, financial pundits are circling. Each one is vying to print their “I told you, so”‘s before the other – fighting like starving dogs over table scraps.
Bitcoin is dead, they say again. Miner’s are shutting down. Services are running off with customer’s coins. Bitcoin is a Ponzi Scheme. The Bitcoin CEO was arrested. Bitcoin is for drugs and money laundering. The price is falling, the price is falling.
Hey… Henny Pennying is big business but I don’t picture these individuals as Chicken Littles. To me, they’re a pit of hungry vipers lashing out where ever their gut tells them.
The article continues with:
Ignorance is Not Tied to the Price of a Bitcoin.
No matter how badly the critics try to frame it that way. To most critics, this technology may as well be magic. Basing their opinion on the price instead of the technology reveals their ignorance. And that is not their fault. Computer Science is a specialized, creative, field. Most users of technology choose to ignore the happenings “under the hood” of their devices and software. That should not deprive them of their opinions of the devices or software.
However, to manufacture clamorous opinions and present them to others while maintaining that ignorance is not only irresponsible but insidious – the literal pretense of knowledge and deliberate misinformation.
The critics sell themselves short. They ignore the nascent technology that grew an $8b market cap. They forget that wealth is a side effect of innovation, a creative process, and anything but finite.
Bitcoin the technology is alive, well and here to stay. Bitcoin the price is just a side effect.
Read the full article on: CryptoCoinNews