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Pearls Before Swine
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August 15, 2019, 03:02:14 PM |
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Coindesk are owned by Digital Currency Group. Cointelegraph is supposedly owned by the people behind Bytecoin/Freewallet/Changelly and others.
That means neither are our buddies and they're not going to publish anything that goes against their interests.
This is exactly like any other media outlet. They wouldn't dare to publish anything which would tarnish the reputation of one of their advertisers, partners, or anyone else they would find in their best interest not to offend. Thus, how can their readers really believe anything they have to say? I assume the people who work for Coindesk and Cointelegraph are not true journalists but more akin to bloggers, who aren't bound by journalistic ethics. I might be incorrect about this, but I strongly suspect it. This is the internet after all and anyone can write anything they wish, and there aren't going to be many consequences if it's wrong. Don't listen to what these news sources say, that is what I would urge for anyone. There might be good sources for crypto news, but damned if I know what they are. |
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Even in the event that an attacker gains more than 50% of the network's
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countryfree (OP)
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August 15, 2019, 06:17:14 PM |
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I'm usually a guy who criticizes these bitcoin-related news channels, but today I come to defend them because I don't think they're wrong see: Cryptocurrency exchange Poloniex has announced a scheme to reimburse users affected by a flash crash in May, which led to total losses of around 1,800 Bitcoin (BTC). In an Aug. 13 blog post, the company pledged to repay daily trading fees (in BTC) to impacted lenders until their losses are fully recovered. cointelegraph posted poloniex's announcement: https://medium.com/circle-trader/lending-pool-loss-update-2-trading-fees-are-now-being-credited-to-impacted-lenders-more-actions-dad6840298efOf course there are cases where they post news that in some ways are news that it seems they haven't done the proper research & I dont think it was coindesk or cointelegraph. These two news websites have nothing to do about the fake news but rather they are honest about their news. They got their info from poloniex team who posted an article on medium ( https://medium.com/circle-trader/lending-pool-loss-update-2-trading-fees-are-now-being-credited-to-impacted-lenders-more-actions-dad6840298ef ) . And so I guess the one who is making the news isnt coindesk or cointelegraph but rather poloniex itself. Poloniex made a promise to the victims and they post it on medium and even distributed the news to coindesk and cointelegraph. Also regarding their action on affected lenders, the time frame they set to help is "somewhere later in August". This means that we can say that it is a fake news if Polonies fails to deliver their promise during this month of August. So far it is only August 15 and we still have 16 days to go to wait and see if they will really comply. Do the maths! 1,800 BTC have been seized. Poloniex offers the 0.15% fee to the victims. How much BTC worth of trades are needed to cover that amount? Answer: a f*cking huge sum! And Poloniex actually won't have nothing to pay as everybody who had their money stolen has removed what was left of their funds of that untrustworthy exchange. |
I used to be a citizen and a taxpayer. Those days are long gone.
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bitbunnny
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August 16, 2019, 06:55:40 AM |
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No one can't be spared from fake news these days, it's a new epidemia. We can't trust everything we hear or read in media, especially social media. Crypto world is not excluded from that.
Still serious platforms like Coindesk and Cointelegraph should be more careful and check what kind of information are they giving public. They should be aware how much damage fake news could do.
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SirLancelot
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August 16, 2019, 07:33:26 AM |
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Most media companies are all guilty of this, and some of them are doing this in the name of market is all about speculation, and they juts publish whatever news that they see without strictly verifying it first, it is very important that we personally do not completely rely on one source of news, and we need to be very slow in acting, we should take our time to analyze the news thoroughly and then compare it also before we act on it.
The two companies that you mentioned are still one of the best news provider, the best in the sense that they are still the most popular ones, because are ones that I have seen around too will strictly be doing same if these ones can be doing that too, anyway, just like we do research on ICO, maybe they just want to stress us to start doing so much research on a particular publication first.
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Jating
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August 16, 2019, 08:44:54 AM |
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Somehow, this is showing me that there's a business opportunity there: doing real journalism related to crypto. Because that doesn't exist as of today.
I remember one site attempting this, I think it might have been called Coinfire, and the geezer running it was doing crazy shit like actual research and questioning the stuff he'd been fed which didn't make him popular. He was moaning about not being able to make it pay and threw in the towel. Let's face it, most people involved in cryptoland are stupid and greedy. There's little room for interest in intellectual rigour or truth. Follow people you respect on Twitter. Anything beyond that is likely to be crap no matter what. Right, when I say source, it could be Twitter or the blog of any services to see what's really the score. Most crypto websites just add something and others follow suit by just spinning the article around for click ad revenue. Greedy as to the point of ignoring the facts as well at they are making tons of money here, sad but true facts in crypto sphere. And I'm sure they are very satisfied about it, thus continuing even up to this day. And I do hope that beginners will learn not to trust everything. |
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countryfree (OP)
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August 16, 2019, 06:34:23 PM |
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The two companies that you mentioned are still one of the best news provider...
Yes, that's what's scary. If those 2 fail to deliver good information, you can't expect much from the others. I'll keep on reading The economist. I don't always agree with what they're saying, but I know that at the very least, the journalists there, have done some research before writing. |
I used to be a citizen and a taxpayer. Those days are long gone.
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countryfree (OP)
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August 17, 2019, 09:22:16 AM |
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This is not surprising to some of us because majority of the news portals that are supposed to circulate vital information to cryptocurrencies enthusiasts are now deceiving us with fake news. That seem to be the trend lately so we need to speak against such issues and provide more room for positive news.
Positive news, you may be asking too much. I'd be happy with "true news". Verified information... |
I used to be a citizen and a taxpayer. Those days are long gone.
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rina aulia
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August 17, 2019, 09:34:17 AM |
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If the big media about crypto presents fake news, then which news media about crypto should we believe?
I am very disappointed if the biggest crypto-journalist media and trusted by large populations in the world give false news
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acroman08
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August 17, 2019, 06:01:03 PM |
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it is really not that surprising anymore. most journalist nowadays doesn't care about the truth anymore as long as they can attract attention to the news they gave
even if will negatively affect people who read or follow the news they provide.
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figmentofmyass
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August 17, 2019, 07:38:22 PM |
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Fortunately, I'm not a victim of misinformation myself, but I've created this topic so that people won't become victims. Those 2 articles give a white hat to Poloniex, it certainly doesn't deserve it. these headlines are pretty insulting. i scoured the articles for disclaimers about being a paid advertisement and there's nothing---shady to say the least. describing discounts on trading fees as "refunds" or "reimbursements" is blatantly false. of course, reasonable people won't get a cent back because they won't risk keeping funds at poloniex anymore. |
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pixie85
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August 17, 2019, 08:45:45 PM |
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They really could spend some time and research if this is true or not. How stupid do you really have to be Mr. William Foxley? In the headline he wrote that receive bitcoin refunds and in the first sentence right below he's saying that poloniex is allowing for no fee trading. Since when allowing to trade for free is giving bitcoin? It's like telling people a restaurant is giving money away because it allows you to warm up a meal if you bring it from home  |
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Oilacris
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August 17, 2019, 10:02:00 PM |
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The two companies that you mentioned are still one of the best news provider...
Yes, that's what's scary. If those 2 fail to deliver good information, you can't expect much from the others. I'll keep on reading The economist. I don't always agree with what they're saying, but I know that at the very least, the journalists there, have done some research before writing. You can really differentiate a good and well searched article to a non-searched/no effort ones.If you are keen with journalism matters then you can easily spot out. About fake news, this haven't been a new issue among these days even on traditional news site on traditional markets do have the same and what do shock me is that these sites are still on top highly being recognized to be a good news source.  |
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Twinkledoe
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August 17, 2019, 10:12:11 PM |
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The two companies that you mentioned are still one of the best news provider...
Yes, that's what's scary. If those 2 fail to deliver good information, you can't expect much from the others. I'll keep on reading The economist. I don't always agree with what they're saying, but I know that at the very least, the journalists there, have done some research before writing. You can really differentiate a good and well searched article to a non-searched/no effort ones.If you are keen with journalism matters then you can easily spot out. About fake news, this haven't been a new issue among these days even on traditional news site on traditional markets do have the same and what do shock me is that these sites are still on top highly being recognized to be a good news source. It is the responsibility of the reader to filter the news itself. Even known news websites are not free from fake news. Crypto websites are more on speculations of the writers as they can't get straight facts from the respective entities involved. So I won't expect them to publish accurate data. |
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BitHodler
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August 17, 2019, 11:06:25 PM |
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The two companies that you mentioned are still one of the best news provider, the best in the sense that they are still the most popular ones
It gets even more interesting when you take into consideration that the people behind Coindesk have a significant stake in Coinbase and Grayscale as well, which helps them to push their narrative in an effective manner. I'm however less surprised about how manipulative crypto news outlets are. I have seen it happen outside the crypto world as well, and there is very little that you can do about it other than to stop reading and sharing their news articles. I do use Coindesk the most of all crypto news outlets just because the rest sucks harder. I want to stay up to date with everything that's happening here, and from there I can do my own research would I doubt the validity of their claims. |
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samcrypto
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August 17, 2019, 11:59:09 PM |
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Its normal nowadays because they trust the news so much and they depend on that. Everyone should remember that anyone can give their own prediction so when you believe on that you are putting yourself on a big risk. They give fake news because they are paid to do so, nothing new in this kind of system its pretty old yet many people are still falling and become broke. I personally don't want to follow any news but you have to watch out the market because it can still affect the price movement. |
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Vishnu.Reang
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August 18, 2019, 02:46:42 AM |
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Ever since I got interested in cryptocurrency for the first time in 2017, I have used many of these sites for getting daily information on crypto (including Coindesk and Coin Telegraph). Fake news is a big scourge. It not only whips up unnecessary hype, but it also makes crypto users laughing stock in front of the rest of the world. That said, I would say that Coindesk is far better than the rest of the bunch. Most of their news stories are accurate, and they don't publish fake news to increase their visitor count (unlike the Coin Telegraph, which is very infamous for dishing out fake news).
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timerland
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August 18, 2019, 05:45:31 AM |
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Pretty stupid, it seems like all the news websites are just spewing out a lot of content, but all of the content is badly made and not factual.
What Gentlemand said is pretty correct, when companies own the news outlets, they are easily able to control what news gets published and what doesn't. If an exchange owns the news, they definitely aren't going to let other exchanges look good.
I've heard and seen a lot of press releases being published without a second thought. Companies nowadays are able to publicize anything on exchanges and it's ruining the whole decentralization aspect of blockchain.
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SuperTA
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August 18, 2019, 05:48:33 AM |
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If the big media about crypto presents fake news, then which news media about crypto should we believe?
I am very disappointed if the biggest crypto-journalist media and trusted by large populations in the world give false news
We should not trade based on the news, none of these news! The news are a tool for the whales to trick the small investors. You probably heard before about "buy the rumor sell the news"! If you look at their news, when they fud, it's usually at the bottoms or near the bottoms. Whales never sell at the bottom, only a small trader does, they panic sell at the bottoms. Whales buy their cheap coins. When there is a good news they are usually starting to sell. Because whales have a huge amounts of coins and they can't sell everything without causing a dump. So they need some good news when dumb money starts buying. That's when they can sell a huge amounts at the higher prices. That's how it works. |
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maydna
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August 18, 2019, 06:01:04 AM |
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I guess that we don't have to trust the news before we know or read on another website so we compare the news and we know that the news is real or fake. We know that many of the news is not true, and they only search for popularity from the public without thinking to give the real news to them. That is embarrassing because they could help the bitcoin process adoption so more people can know bitcoin from all countries. But the truth, they don't give the real news, and some of them don't care about that.
We need to be careful to read something on the internet because there so many news that we don't know the truth.
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fiulpro
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August 18, 2019, 07:38:08 AM |
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Poloneix ?
Also seems like cointelegraph is helping it out , that too in a bad way ,... Maybe they are just getting commission for doing so ..or maybe they haven't themselves gotten into this issue.
Most companies just see drama and they wanna post it , but it does affect the lives of the reader that too to a bad extent , instead of competing they should provide solid news , that's how u gain trust .
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