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I'm not a huge proponent of bitcoin, and am unsure how great of a move this was, but man is this article ridiculous. >The price of Bitcoin on Tuesday crashed t
by boomboomsubban 5y ago
I'm not a huge proponent of bitcoin, and am unsure how great of a move this was, but man is this article ridiculous.
>The price of Bitcoin on Tuesday crashed to its lowest in nearly a month,
The lowest value in nearly a month is "crashing?" And saying that caused the country to lose $3 million pretends they sold all the bitcoint that day.
Using a picture of protestors in front of a massive fire implies there's some huge movement, not "about 1000 protestors."
>It says bitcoin could save the country $400m a year in transaction fees on funds sent from abroad. However, using data from the World Bank and the government, the BBC calculates this to be closer to $170m.
Saving $170m is still "up to $400m" and more than anything is being optimistic about future growth. And they are saying "however they'll only save $170m" as if the move would somehow not be worth saving $170m.
Finally, they interview a random shopkeeper and the opposition leader to show we got both sides of the issue. What a fair debate there.
- frays 5y agoTake reporting done by mainstream media on cryptocurrencies with a grain of salt. I'm not a cryptocurrency proponent, but the standard of news regarding this space is atrocious. That's why many cryptocurrency followers focus so much on Twitter.
- shapefrog 5y agoTake reporting done by ANY media on ANYTHING with a grain of salt. It is totally redundant to add mainstream or bitcoin into that statement.
- krasi0 5y agoThis is your typical modern "objective" journalism today. The only thing not clear is whoose financial and / or political interests they are trying to boost today. Follow the money / power, I guess?