{"id":90561,"date":"2017-12-13T05:00:07","date_gmt":"2017-12-13T10:00:07","guid":{"rendered":"http:\/\/insidebitcoins.com\/?p=90561"},"modified":"2021-09-20T03:53:34","modified_gmt":"2021-09-20T07:53:34","slug":"i-was-wrong-about-bitcoin-ny-times-journalist-regrets-2014-obituary","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/i-was-wrong-about-bitcoin-ny-times-journalist-regrets-2014-obituary","title":{"rendered":"\u2018I Was Wrong About Bitcoin\u2019 \u2013 NY Times Journalist Regrets 2014 Obituary"},"content":{"rendered":"

\u201cI was wrong about Bitcoin,\u201d the New York Times writes Tuesday as mainstream U-turns on Bitcoin versus Blockchain begin.<\/strong><\/p>\n

\n

\u2018How Did I Get Bitcoin So Spectacularly Wrong?\u2019<\/h3>\n

As the leading cryptocurrency continues to hover around all-time highs of $17,000, a sense of regret is increasingly visible in the world\u2019s media after years of calling the imminent \u2018death\u2019 of Bitcoin<\/a>.<\/p>\n

\u201cWhat happened? Why did so many people \u2014 myself included \u2014 get Bitcoin so spectacularly wrong?\u201d journalist Kevin Roose, who bought and sold Bitcoin for $140 several years ago writes<\/a>.<\/p>\n

The merits of Bitcoin rather than Blockchain or the promise of so-called \u201cdistributed ledger technology\u201d have come to the fore in recent months in particular.<\/p>\n

While many commentators continue to warn of a price bubble, even the Times now concedes Bitcoin is unlikely to \u2018die,\u2019 \u201ceven in the event of a crash.\u201d<\/p>\n

The tone marks the emergence of what has until now been a rare angle outside cryptocurrency itself: that Bitcoin is in itself a valuable entity, and not a volatile implementation<\/a> of Blockchain.<\/p>\n

Keiser To CNBC: You Are \u2018Fake Financial News\u2019<\/h3>\n

\u201cI assumed that the blockchain would eclipse Bitcoin itself,\u201d Roose continues, adding a further four \u201cbad assumptions\u201d he had made about it previously.<\/p>\n

These include \u201cthat Bitcoin\u2019s future depended on its everyday use,\u201d \u201cthat regulators would crack down faster,\u201d \u201cthat Wall Street would stay away\u201d and \u201cthat Bitcoin\u2019s extreme volatility would be a turn-off.\u201d<\/p>\n

Tensions from the roundabout way in which mainstream media titles continue to address cryptocurrency escalated this week when CNBC selected Bitcoin Cash\u2019s Roger Ver to tell viewers about Bitcoin\u2019s current status.<\/p>\n

A firm opponent of the original Bitcoin chain, Ver\u2019s comments angered prominent commentator Max Keiser in particular, who proceeded<\/a> to label Bitcoin Cash \u201cborderline fraud\u201d and CNBC as \u201cfake financial news.\u201d<\/p>\n

\u201cBitcoinCash (sic) is free to compete, obviously. And (Roger Ver) puts his money where his mouth is. Respect. But I take exception to shoddy (CNBC) hacking through stories irresponsibly,\u201d he wrote on Twitter following the interview.<\/p>\n

\n

#BitcoinCash<\/a> is free to compete, obviously. And @rogerkver<\/a> puts his money where his mouth is. #Respect<\/a>. But I take exception to shoddy @CNBCFastMoney<\/a> hacking through stories irresponsibly. @CNBC<\/a> is fake financial news. For informed crypto analysis watch @KeiserReport<\/a><\/p>\n

\u2014 Max Keiser (@maxkeiser) December 12, 2017<\/a><\/p><\/blockquote>\n

What do you think about the New York Times\u2019 and Max Keiser\u2019s comments? Let us know in the comments section below!<\/em><\/p>\n

\n

Images courtesy of Shutterstock, Twitter<\/em><\/p>\n

The post \u2018I Was Wrong About Bitcoin\u2019 \u2013 NY Times Journalist Regrets 2014 Obituary<\/a> appeared first on Bitcoinist.com<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

\u201cI was wrong about Bitcoin,\u201d the New York Times writes Tuesday as mainstream U-turns on Bitcoin versus Blockchain begin. \u2018How Did I Get Bitcoin So […]<\/a><\/div>","protected":false},"author":183,"featured_media":90563,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-90561","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-more-crypto-news"],"acf":[],"yoast_head":"\n\u2018I Was Wrong About Bitcoin\u2019 \u2013 NY Times Journalist Regrets 2014 Obituary - InsideBitcoins.com<\/title>\n<meta name=\"description\" content=\"Bitcoin (BTC) continues to hover around all-time highs of $17,000, a sense of regret is increasingly visible in the world\u2019s media.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/90561\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"\u2018I Was Wrong About Bitcoin\u2019 \u2013 NY Times Journalist Regrets 2014 Obituary\" \/>\n<meta property=\"og:description\" content=\"Bitcoin (BTC) continues to hover around all-time highs of $17,000, a sense of regret is increasingly visible in the world\u2019s media.\" \/>\n<meta property=\"og:site_name\" content=\"InsideBitcoins.com\" \/>\n<meta property=\"article:published_time\" content=\"2017-12-13T10:00:07+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-09-20T07:53:34+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2017\/12\/logo-40.png\" \/>\n\t<meta property=\"og:image:width\" content=\"150\" \/>\n\t<meta property=\"og:image:height\" content=\"150\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Wilma Woo\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Wilma Woo\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/90561#article\",\"isPartOf\":{\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/90561\"},\"author\":{\"name\":\"Wilma Woo\",\"@id\":\"https:\/\/insidebitcoins.com\/#\/schema\/person\/7826ccf9d101580d9aee38e4cfc2971d\"},\"headline\":\"\u2018I Was Wrong About Bitcoin\u2019 \u2013 NY Times Journalist Regrets 2014 Obituary\",\"datePublished\":\"2017-12-13T10:00:07+00:00\",\"dateModified\":\"2021-09-20T07:53:34+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/90561\"},\"wordCount\":431,\"publisher\":{\"@id\":\"https:\/\/insidebitcoins.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/90561#primaryimage\"},\"thumbnailUrl\":\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2017\/12\/logo-40.png\",\"articleSection\":[\"More Crypto News\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2017\",\"copyrightHolder\":{\"@id\":\"https:\/\/insidebitcoins.com\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/90561\",\"url\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/90561\",\"name\":\"\u2018I Was Wrong About Bitcoin\u2019 \u2013 NY Times Journalist Regrets 2014 Obituary - 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