It's all about incentives: online bloggers and mainstream media types have an incentive to get a story out to keep people coming back to their websites / TV sta

It's all about incentives: online bloggers and mainstream media types have an incentive to get a story out to keep people coming back to their websites / TV stations. They have no incentive to tell the truth, since no one holds the media responsible. In crisis situations, the media reports whatever rumor is floating in the air at the time, just to fill the airwaves. Regarding the Bitcoin exchange rate surge since the beginning of the year, the media conflates it with "concerns" over the Cyprus situation, just to make news. Regarding markets in general, the financial media loves to say that the Dow moved down on "worries" over this or that, when in reality the price action usually has nothing to do with that imaginary concern. Since Bitcoin is difficult to understand for most, it's asking WAY too much of the media to report on it correctly. How often have you seen quotes from "experts" over their concerns that Bitcoin will get "hacked" and become worthless? How often do they refer to "shares" of Bitcoin? Have you ever seen a mainstream article about Bitcoin network strength increases / decreases?