I find that the more someone hates something or someone, the less they know about it. Not understanding a thing or a person makes them so much easier to hate.
As a person's understanding of things and people deepen, the less they are able to hate it or them.
The Mainstream Media, the Horror Hypers, continue to have a field day hating Bitcoin.
Here are just a few of the headlines Google picked up today,
"Google searches for 'bitcoin' nosedive 75% this year as interest in struggling cryptocurrency wanes", "After Bitcoin's bubbly rise, a crypto-hangover strikes".
One article proudly proclaims, "Only six months ago, the digital currency was trading for $20,000...In February [we] described the frenzy as a classic investment bubble. Since then, the price of Bitcoin has crumbled to about $7,500."
They fail to mention that exactly one year ago today, it was at $2846 and 14 months ago it was a little over $1100. I don't see how that's a "classic investment bubble."
I suppose one can tell any story they want if they omit the right facts.
Meanwhile, on 99Bitcoins Bitcoin Obituarys bitcoin had its 300th death on Tuesday, June 5, when Forbes proclaimed that bitcoin's weak point is the amount of electricity it takes to mine it.
The short-sighted article does not even contain the word "security".
Those of us who have done any amount of superficial research into bitcoin know that it is "anti-fragile". The more it gets attacked, the stronger it becomes.
I have no doubt that the ignorant media will continue to strengthen bitcoin. With their help, bitcoin will die a thousand deaths. Then, when it shows itself to be a true threat, it will be far too strong for any force to even diminish its power.
When those who are undermined by bitcoin finally realize it is a real threat to their system of control, it will be too late. The attacks will only become more fierce and every attack vector imaginable will be exploited, including its users.
It is already unstoppable, impenetrable. Bitcoin will continue to be beaten down and will continue to become stronger, less effected by events in the moment.
This is just the beginning, and it will be the show of a lifetime.