This is true of any remotely complex process or occurrence. The proletariat is dumb, and the news media that caters to them feels compelled to dumb their work d

This is true of any remotely complex process or occurrence. The proletariat is dumb, and the news media that caters to them feels compelled to dumb their work down so that it can be read by the most technically-naive person. As a result, the threshold for what constitutes adequate reporting is lowered. 99% of people don't give even a remote shit about Bitcoin, nor are they likely to ever purchase any; and, if they do, they will never pay even a perfunctory thought to the cryptographic and economic implications. Because of this, writers have little incentive to pour effort into considering and/or researching the actual nature of Bitcoin. If they can get away publishing ill-though out arguments and include outright falsehoods in their writing, why would writers opt to incur more work by attempting to write a thoughtful, correct piece? If the market will tollerate lazy writing, laziness is what the market will get...