Out of all the journalists, technology specialists, financial firms and commentators, when is one of them going to say something genuinely enlightening about cryptocurrency? Surely someone can come up with something original, something that's not some shallow, impressionistic "it'll never work" attempt that is refuted by theory as well as (now frequent and numerous) practice?
They all seem to get stuck right at the very beginnings of getting to grips with the most basic aspects of the concept. I mean, does this guy really understand any of the issues around why 6 confirms is considered a standard for faith in transaction irreversibility?
The people who make commentary that implies they really do understand at least something about the underlying technology are almost exclusively those that admire it. The rest seem to come from the one-finger typist, "ring the Computer Repair guys to get the printer working" kind of crowd. Are they just afraid of being the last of the technically inept dinosaurs?
Brilliantly said. Love the "one-finger typist" remark. I found your post quite refreshing to read and I have to agree there appears to be a complete lack of understanding or willingness on the part of the said "journalists, technology specialists, financial firms and commentators" to accurately report the changes cryptocurrencies are bringing to the world. Having said that, behind the scenes there are powerful established figures making preparations for the roll-out of their own cryptocurrency. Time will tell if they can challenge Bitcoin for the number 1 spot.
