3 ms·

This is yet another Bloomberg article that highlights their lack of ability to directly perceive cryptocurrencies. They tend to get them confused with the paras

This is yet another Bloomberg article that highlights their lack of ability to directly perceive cryptocurrencies. They tend to get them confused with the parasitic financial markets that have sprouted up adjacent because that is their business and what matters to their readers. It's like describing an elephant by observing the behavior of the flies that swarm it's droppings.

belltaco 8y ago
Not really, the Bitcoin community was the one that made it a financial instrument once Bitcoin went from being called 'a payment system' to 'a store of value'. The community has repeatedly resisted making transfers faster, cheaper or easier due to various reasons(some valid), leading to various forks and altcoins. The general Bitcoin community also celebrates every time a Wall Street firm starts trading in bitcoin, saying that's a way of Bitcoin going mainstream and being accepted as a store of value.