[2018-02-18] Polish Central Bank Secretly Funds Anti-Crypto Youtube Propaganda

[Terraformer]

Polish Central Bank Secretly Funds Anti-Crypto Youtube Propaganda Videos

The Central Bank of Poland has admitted to funding anti-cryptocurrency campaigns on social media, specifically Polish Youtuber Marcin Dubiel and his Dec. 2017 video, “I LOST ALL THE MONEY?!,” Polish news portal money.pl reports.

The social media campaign against crypto was carried out by Central Bank of Poland in conjunction with Polish Youtube partner network Gamellon, Google Ireland Limited, and Facebook Ireland Limited, allocating about 91,000 zloty (around $27,000) for producing anti-crypto content.

Money.pl reports that the Central Bank’s campaign also had videos published on the Planeta Faktów (Planet of Facts) Youtube channel, which has over 1.5 mln subscribers. Dubiel’s Youtube channel has over 900,000 subscribers.

Dubiel’s video makes no mention of the paid aspect of the Youtuber’s inspiration. Since Dec. 8, 2017, the Dubiel’s digital story of a young man who invests all his money in crypto only to lose it all has amassed over 500,000 views.

The description of the video contains the hashtag #uważajnakryptowaluty, which is the Polish Financial Supervision Authority and the Central Bank of Poland’s joint website dedicated to warnings against the use of cryptocurrencies.

The clip’s dramatic climax takes place in a restaurant when the main character can’t pay for his date’s meal with his new crypto investment, causing her to throw fiat money at him and storm out in a huff.

While problems with cryptocurrency-related online advertisements have recently emerged, with China allegedly banning all such ads from social media within the country, anti-crypto ads are more unusual.

After officially recognizing both trading and mining of cryptocurrencies in Feb. 2017, Poland seems to have stayed out of the crypto news cycle. However, after Venezuela’s Nicolas Maduro announced the launch of a national cryptocurrency, the petro, Poland is reportedly one of the foreign investors willing to trade food and medicine for the new petro currency.

The video ends with the “evil” crypto investor that led Dubiel to ruin laughing while counting his fiat riches.

Original video: https://youtu.be/Q7GZeyXAFzo

https://cointelegraph.com/news/polish-central-bank-secretly-funds-anti-crypto-youtube-propaganda-videos

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[BitHodler]

It doesn't surprise me. One way or another, the far majority of the crypto related videos on YouTube have a financial reward structure behind them. In other words, people get paid to shill, fud, do biased reviews, etc.

Good thing is that most of the people don't get stimulated or motivated to act or think in a certain direction, and if it does turn out to affect certain people, they are very likely mentally not capable of doing their own research.

Crypto is an asset class that is rapidly taking over, so whether banks like it or not, they have to swallow and acknowledge crypto's presence. Resistance is pointless and leads to nothing but your own downfall.

[btc_angela]

It doesn't surprise me. One way or another, the far majority of the crypto related videos on YouTube have a financial reward structure behind them. In other words, people get paid to shill, fud, do biased reviews, etc.

Good thing is that most of the people don't get stimulated or motivated to act or think in a certain direction, and if it does turn out to affect certain people, they are very likely mentally not capable of doing their own research.

Crypto is an asset class that is rapidly taking over, so whether banks like it or not, they have to swallow and acknowledge crypto's presence. Resistance is pointless and leads to nothing but your own downfall.

To a certain extent, those paid schills was able to sway some investors to dump their coins specially last December-January were we see the price go down to $6K.

But those affected are now regretting their decisions because we are now on the road to recovery. Yes, they are not capable of doing their own research that's why they lost. And its gonna be a hard lesson for them and a expensive one.

[BitHodler]

To a certain extent, those paid schills was able to sway some investors to dump their coins specially last December-January were we see the price go down to $6K.

The market was heavily overbought and was bound to correct at that point, even without the fud attacks this market has been subject to. The only question is how much impact has all this fud had in relation to the bottom?

I can definitely believe in a scenario that if there wasn't a massive fud attack going on against Bitcoin, that we probably wouldn't see sub $10,000 levels, but that's pretty much empty speculation.

Either way, the result has always been the same throughout the years, and that's the fact that this market doesn't tank below the previous bottoms, which should give panicking people more confidence to hodl through.

[aso118]

From their point of view, they are trying to educate the public about the risks involved in cryptocurrencies. We wouldn't be complaining if the Polish Central Bank had funded a campaign to educate the public about multilevel marketing or ponzi schemes.The fact that they had to do it secretly is the intriguing part. If they had conviction in their views, they should have done it publicly.

[reddolphin]

yes, that's a preference too. Everyone does not have to be the same opinion. people do everything to make money. it dosen't metter for me.

[gentlemand]

The fact that they had to do it secretly is the intriguing part. If they had conviction in their views, they should have done it publicly.

That's the far out part. It's all distinctly psyops ish. And this youtuber just took a runny dump all over his own cred. I don't think too many young folks are turned on by the idea of watching establishment mouthpieces.

This is sub Roger Ver stuff and almost as tragic as this - https://www.youtube.com/watch?v=mCllEvfvgUY

[pixie85]

From their point of view, they are trying to educate the public about the risks involved in cryptocurrencies. We wouldn't be complaining if the Polish Central Bank had funded a campaign to educate the public about multilevel marketing or ponzi schemes.The fact that they had to do it secretly is the intriguing part. If they had conviction in their views, they should have done it publicly.

They did it in secret because they didn't want the public to think they're spending money on those campaigns because they're afraid of cryptocurrencies taking over. People would surely point out that they're wasting money on this. It's not the job of a bank to tell people what to put money into. I don't see them making propaganda campaigns in the media to discourage people from investing in lotteries or stocks and these present the same if not higher degree of risk.

[richardsNY]

It's not the job of a bank to tell people what to put money into. I don't see them making propaganda campaigns in the media to discourage people from investing in lotteries or stocks and these present the same if not higher degree of risk.

It's obvious that these actions only point towards fear. Banks are literally frightened of crypto, and Bitcoin especially. How would you feel when you are operating a service, but somone else suddenly pops up providing people a far better alternative? You'll do what other services would do, which is trying to blackmail the competitors in an attempt to make them look bad. It's a common practice that happens in every layer of this economy, so from there it's not really something to be surprised about. I however expected a more solid (i.e. less amateurish) plan to blackmail crypto from quite a powerful entity being a central bank....

[sparg]

http://businessinsider.com/bitcoin-ethereum-youtube-polish-central-bank-smear-campaign-cryptocurrencies-2018-2

[Samarkand]

...
They did it in secret because they didn't want the public to think they're spending money on those campaigns because they're afraid of cryptocurrencies taking over. People would surely point out that they're wasting money on this. It's not the job of a bank to tell people what to put money into. I don't see them making propaganda campaigns in the media to discourage people from investing in lotteries or stocks and these present the same if not higher degree of risk.

You have to take into account that Poland is an extremely religious country.
Therefore it comes as no surprise that they are trying to discourage cryptocurrency investments.

You will the same kind of propaganda video for other topics like gambling as well.

Of course it is possible that the Polish Central Bank has ulterior motives as they are one
of the entities that is endangered by the emergence of digital currencies.

[Lucius]

You have to take into account that Poland is an extremely religious country.
Therefore it comes as no surprise that they are trying to discourage cryptocurrency investments.

You will the same kind of propaganda video for other topics like gambling as well.

Of course it is possible that the Polish Central Bank has ulterior motives as they are one
of the entities that is endangered by the emergence of digital currencies.

I see no link between religion and cryptocurrency,to my knowledge Catholic Church does not have a opinion on BTC,and even if have I doubt that would be negative.The Polish government very strongly implemented various measures regarding the protection of national interests,and this is probably one way to warn citizens to all the dangers that entails investing in cryptocurrency.

It should not be neglected that about a year ago Poland is "officially recognized the trading and mining of virtual currencies",so they are not against BTC in general,but only want to prevent some unwanted consequences.