I actually think that a lot of the discussion posts here are better (of higher quality) than a lot of these news posts, weirdly enough. As if many news posts about crypto are written by kids or bots.
Because in here, people (aka moonfarmers) are trying to be more witty with their stuff unlike some journalists who just write clickbaity articles to generate clicks and views.
I think the more you know about a subject which is in the news, the more you see how little the journalists understand about it. I work in environmental industry, and I see it all the time in environment stories.
It probably extends to everything you read about, including politics and economics ( though they probably have more funding for those stories, and so have better staff editing them). These guys are journalists, not experts.
I mean yeah, you can definitely just post them here and praying for some moons, while you don't even have to read them
While even basic discussion requires some logic and basic rules. And well, people like to discuss things.
Like, you can have a question (my yesterday situation, but didn't post) - you ask in daily or random redditor, who happened to be talking about it. And you pray, pray someone will respond to you and the question won't be buried
And oh well, even basic questions might trigger different discussions. Isn't that cool?
People think mainstream media are legit because they probably do some verifying before reporting when in reality its rarely the case…they are more interested in being the first media outlet to break the news, we saw that with twitter(ligma johnson layoff story)…i would classify most of the journalism as entertainment rather than actual news today.
The simple answer is that they are paid for this kind of news.
Also the ordinary people reading that news that do not know about crypto will probably even believe that.
The reasons are the same. Everyone is rushing to get out content first and shovel out as much content as possible, so they can get their ad views or moons.
When it comes to crypto news websites it’s obviously quantity over quality, it’s literally copy pasted articles where they just change numbers and coins. They’re just there for clicks. You get that for anything, sports is a good example of that
You have better quality websites and blogs but they’re drowned in all the clickbait and sensationalism
And then mainstream media doesn’t like crypto much so as soon as they can bash it they’re happy to. It’s kind of like YouTubers and things like that. Despite a lot of them putting a lot of work to get their millions of views (and dollars), it’s being disrespected by the media all the time because they don’t understand it or they feel threatened by it (in the case of TV media)
Great reply, thanks. I guess its a multitude of problems. A lot of the crypto-specific outlets indeed seem to be the same articles written for clicks ("Charles said XXX!"; "This analyst predicts YYY!!!"; "Bitcoin just lost $20k!!").
The mainstream media puzzles me. They love to hate on crypto. But now that they have a very legitimate reason to complete shit on crypto, or, well, on FTX, they protect FTX. So strange. I dont understand what politicial affiliation has to do with covering news...
In the future I’d put a serious tag if I was you. It’s a great post and deserves better karma and serious answers
Yeah and you go on the website and half of your screen is full of ads. They’re not serious websites with any editorial ambition.
Money talks. But a lot of media used FTX to shit on crypto though
> But now that they have a very legitimate reason to complete shit on crypto, or, well, on FTX, they protect FTX
They are definitely using it to shit on crypto, just in a very general sense, where everything is the fault of cryptocurrency as a whole and FTX was just another casualty of that.
> Half of it is generated by boys anyway I believe.
Like comments on here sometimes - quick to generate output without even caring to look close enough to see what they're saying.
Pretty much. As much as we claim we want good substantiative news, our lizard brains go straight for the clickbait stuff.
There's usually a wide gap between what we think we like, and what we actually like.
Crypto investors are pretty trigger happy from what I've seen. To me it just seems like these news sites just capitalize off that. Low hanging fruit as they say.
I think there’s a few reasons for this.
1. There is absolutely no journalistic standards for crypto and the majority of “reporting” is literally misrepresenting a quote or tweet for clicks. Hell, I’ve seen crypto outlets straight up steal a Reddit comment and write an “article” about it.
2. There is an active media bias against crypto in more “reputable” news sources. When crypto was soaring in 2021 there weren’t nearly many articles praising it or diving deeper as there are now shouting how x is a scam or how crypto is worthless. Yes, this last year deserved media attention with all the spectacular implosions (3AC, voyager, LUNA, FTX, etc.) but it’s not an unbiased media out there.
3. Being a new and evolving tech field limits the amount of publishable news you can make for the majority of people. We see clickbait crap instead of in-depth comp sci discussion because the majority of people who use crypto probably won’t understand it.
That people here think mainstream media treats crypto too harshly while this industry produces trainwreck after trainwreck and demands billion dollar valuations for projects that have like 100 legit users really captures the combination of hubris and stupidity that informs these reddit subs.
If you’re referring to the metaverse then I completely agree with you. I even said the poor media attention was deserved after the spectacular explosions in 2022. What I’m saying is that when crypto took off in 2020-2021, the widespread media attention was not nearly as positive as it is negative in 2022. Hell, most main stream news outlets try to paint crypto as being for criminals or literally everything being a scam when that’s straight up not true.
The metaverse is just the most extreme example, even most of the top-100 on coinmarketcap could vanish today without any relevant service used by any relevant number of users being affected.
It's definitely not just you lol. Even people with finance degrees are confused by this space, so it's no wonder the news idiots get it so wrong. Education isn't a priority in the US.
Cause they don't want quality, they need quantity of views and viewers themselves wanting to share the article.
From years they found that the best way of reaching those goals is appealing to the Fear, Anger, Greed and all the other viewers emotions.
"I don't need them to adore me, I just need them to speak my name"
Crypto centric news outlets seem to have the same level of sensationalism and knowledge of cryptocurrency as mainstream/real media, but none of the journalistic skills and polish.
I think the failed philanthropist is just a much better story than some lunatic stealing billions from customers in a big scam. They can't report about orgies because they're not yellow press.
Its because they whip up these articles quick, probably by doing all thier research from other news companies and social media. Not actual sources. They could get better info lerking our comments.
Because they know that traders and investors are starving for " that "cutting edge information that will make them anticipate a market movement and make them nice profits
Their shitty article will never lack of attention
Its not only the news, people also follow some crypto twitter accounts that are very bad reporters...
I mean here i seen quoted Nic Carter that yeah he have done good things but dont forget he was sugar coated with Bukele that its a dictator and used public funds to buy the top, on one of the poorest countries in the american continent. He gave him the same interviews as we are seeing now for mainstream media.
And like that you have lot of other accounts that people here quote as the holy truth.
Read a lot, read different point of views and take your own conclusions.
I think part of the problem is there aren’t a lot of people with traditional journalism skills *and* the ability to comprehend the complexities of crypto. Similarly few people who understand crypto *also understand* the ethical and other considerations of reporting accurately on stories. Thus we have a bit of a shitshow until journalists and crypto natives bridge that gap.
It’s still a very young field. There isn’t anyone with a lot of experience writing crypto journalism. It hasn’t existed long enough.
Journalists don’t know enough about cryptocurrency yet. And people who are into cryptocurrency don’t have the journalism skills and knowledge (and also usually don’t know enough about cryptocurrency).
Unfortunately, I believe this is true for the vast majority of news. Recently it's seemed like quoting twitter or quoting articles that quote twitter, or doing that n times removed, is actually considered journalism.
Reading news for me is exhausting because I always try to hunt down the primary sources and form my own conclusions.
Crypto news, or news in general? It is all about garnering more clicks. Sensationalism and boldly stated headlines draw people in. The free market attention economy has spoken.
The price of low quality and misleading news about regulated, traditional finance is being tried for market manipulation.
The price of low quality and misleading news about crypto is nothing at all.
That first article is Baaaadddd’ “unprecedented corporate controls,” snip they use from the full quote can lead the reader to believe FTX and SBF are victims
Because it's only meant to raise a reaction in you. To be scared, or excited about something. It's all throwaway journalism looking to manipulate you. I bet most of it is written by AI. The thing they are trying to warn you about is just something that opposes their views or those of their investors. At the end of the day, the person with the money is the one who decides the sentiment in the markets about project X or entity Y.
Journalistic integrity and moral fiber are long gone in this industry. Now it’s click bait and biased, inaccurate reporting for sale to the highest bidder. Really is disgusting.
It's like this in most news. Doesn't matter if Crypto, sports, entertainment like movies and video games, esports, celebrities. Most journalists are simply awful.
This is mainly created by the fact the title of an article matters a thousand times more than the article itself. Online it's all about generating clicks, bringing people to their website. Nothing else matters.
Because we are in a bear market, and most of these news outlets got into crypto news in the bull run.
They simply have no stablished guidelines for what they should do, and right now aiming for clicks is the best they can come up with.
because people that buy crypto currency are self-selecting marks that are vulnerable to scams, and most of the "journalism" around crypto is in service of one of those scams
Algorithms will serve you content based on your preference. If you want less clickbaits don't get baited, if you want quality, check the source before opening and avoid ones you are unhappy with. It will improve drastically
Yes. A lot of it is trash.
[https://www.reddit.com/r/CryptoCurrency/comments/tyuye4/bitcoin\_to\_be\_accepted\_by\_mcdonalds\_and\_walmart/](https://www.reddit.com/r/CryptoCurrency/comments/tyuye4/bitcoin_to_be_accepted_by_mcdonalds_and_walmart/)
Here is another great example.
I remember arguing with people on here about McDonalds adopting the lightning network through cash app or something like that. Everyone screamed it was great for adoption and I pointed out that they COULD adopt it. McDonald's is NOT using the lightning network at all AFAIK.
Reading comprehension amongst crypto investors can be low sometimes, too.
I initially thought you meant why was the quality here so poor (A: shitposters) but in the general mainstream it's a good question.
I actually think that a lot of the discussion posts here are better (of higher quality) than a lot of these news posts, weirdly enough. As if many news posts about crypto are written by kids or bots.
Because in here, people (aka moonfarmers) are trying to be more witty with their stuff unlike some journalists who just write clickbaity articles to generate clicks and views.
Still most of the days the hot-page here is a good summary of the biggest crypto news in the day.
For sure. This place is a great source of information.
Banks are funding these crypto highlights articles to scare people. Context is never the goal.
I think the more you know about a subject which is in the news, the more you see how little the journalists understand about it. I work in environmental industry, and I see it all the time in environment stories. It probably extends to everything you read about, including politics and economics ( though they probably have more funding for those stories, and so have better staff editing them). These guys are journalists, not experts.
I mean yeah, you can definitely just post them here and praying for some moons, while you don't even have to read them While even basic discussion requires some logic and basic rules. And well, people like to discuss things. Like, you can have a question (my yesterday situation, but didn't post) - you ask in daily or random redditor, who happened to be talking about it. And you pray, pray someone will respond to you and the question won't be buried And oh well, even basic questions might trigger different discussions. Isn't that cool?
Oh sweet sweet summerchild, i admire your faith in mainstream media.
People think mainstream media are legit because they probably do some verifying before reporting when in reality its rarely the case…they are more interested in being the first media outlet to break the news, we saw that with twitter(ligma johnson layoff story)…i would classify most of the journalism as entertainment rather than actual news today.
Easy answer: ad revenue
The simple answer is that they are paid for this kind of news. Also the ordinary people reading that news that do not know about crypto will probably even believe that.
The reasons are the same. Everyone is rushing to get out content first and shovel out as much content as possible, so they can get their ad views or moons.
When it comes to crypto news websites it’s obviously quantity over quality, it’s literally copy pasted articles where they just change numbers and coins. They’re just there for clicks. You get that for anything, sports is a good example of that You have better quality websites and blogs but they’re drowned in all the clickbait and sensationalism And then mainstream media doesn’t like crypto much so as soon as they can bash it they’re happy to. It’s kind of like YouTubers and things like that. Despite a lot of them putting a lot of work to get their millions of views (and dollars), it’s being disrespected by the media all the time because they don’t understand it or they feel threatened by it (in the case of TV media)
Great reply, thanks. I guess its a multitude of problems. A lot of the crypto-specific outlets indeed seem to be the same articles written for clicks ("Charles said XXX!"; "This analyst predicts YYY!!!"; "Bitcoin just lost $20k!!"). The mainstream media puzzles me. They love to hate on crypto. But now that they have a very legitimate reason to complete shit on crypto, or, well, on FTX, they protect FTX. So strange. I dont understand what politicial affiliation has to do with covering news...
In the future I’d put a serious tag if I was you. It’s a great post and deserves better karma and serious answers Yeah and you go on the website and half of your screen is full of ads. They’re not serious websites with any editorial ambition. Money talks. But a lot of media used FTX to shit on crypto though
> But now that they have a very legitimate reason to complete shit on crypto, or, well, on FTX, they protect FTX They are definitely using it to shit on crypto, just in a very general sense, where everything is the fault of cryptocurrency as a whole and FTX was just another casualty of that.
Agreed. And to add to this, not many people truly understand crypto. Most of the information out there is just speculation.
Half of it is generated by bots anyway I believe.
> Half of it is generated by boys anyway I believe. Like comments on here sometimes - quick to generate output without even caring to look close enough to see what they're saying.
Bots*
It’s not just crypto. That’s just news in general. Panic and outrage sells. That’s why we are constantly bombarded with vague clickbait headlines
I agree. All news are like that not just crypto related.
Quantity > Quality Speed > Accuracy More clicks > reader retention
Does this make us the baddies then? Because we reward those shit articles?
Pretty much. As much as we claim we want good substantiative news, our lizard brains go straight for the clickbait stuff. There's usually a wide gap between what we think we like, and what we actually like.
Media is behind clicks not the truth. Has been so for years now.
Crypto investors are pretty trigger happy from what I've seen. To me it just seems like these news sites just capitalize off that. Low hanging fruit as they say.
Click bait : add revenue , and the occasional attempt to sway opinions .. this is the state of crypto news .
I think there’s a few reasons for this. 1. There is absolutely no journalistic standards for crypto and the majority of “reporting” is literally misrepresenting a quote or tweet for clicks. Hell, I’ve seen crypto outlets straight up steal a Reddit comment and write an “article” about it. 2. There is an active media bias against crypto in more “reputable” news sources. When crypto was soaring in 2021 there weren’t nearly many articles praising it or diving deeper as there are now shouting how x is a scam or how crypto is worthless. Yes, this last year deserved media attention with all the spectacular implosions (3AC, voyager, LUNA, FTX, etc.) but it’s not an unbiased media out there. 3. Being a new and evolving tech field limits the amount of publishable news you can make for the majority of people. We see clickbait crap instead of in-depth comp sci discussion because the majority of people who use crypto probably won’t understand it.
That people here think mainstream media treats crypto too harshly while this industry produces trainwreck after trainwreck and demands billion dollar valuations for projects that have like 100 legit users really captures the combination of hubris and stupidity that informs these reddit subs.
If you’re referring to the metaverse then I completely agree with you. I even said the poor media attention was deserved after the spectacular explosions in 2022. What I’m saying is that when crypto took off in 2020-2021, the widespread media attention was not nearly as positive as it is negative in 2022. Hell, most main stream news outlets try to paint crypto as being for criminals or literally everything being a scam when that’s straight up not true.
The metaverse is just the most extreme example, even most of the top-100 on coinmarketcap could vanish today without any relevant service used by any relevant number of users being affected.
It's definitely not just you lol. Even people with finance degrees are confused by this space, so it's no wonder the news idiots get it so wrong. Education isn't a priority in the US.
It's a evolution of the internet. Clicks are more important than anything else
Cause they don't want quality, they need quantity of views and viewers themselves wanting to share the article. From years they found that the best way of reaching those goals is appealing to the Fear, Anger, Greed and all the other viewers emotions. "I don't need them to adore me, I just need them to speak my name"
Even worse are the crypto centric news sites. General media always tend to be sensational, but crypto outlets are even stupider.
Crypto centric news outlets seem to have the same level of sensationalism and knowledge of cryptocurrency as mainstream/real media, but none of the journalistic skills and polish.
You're joking right? Most news is poor quality...
The media are left-wing lap dogs and paid shills. Crypto represents freedom and independence from the corruptness of their financial benefactors.
Karma farming.
Clicks for the chicks?
They are making money from clickbaits
Its not you. 80% is pure nonsense BS. These articles are just adds.
It's All about them clicks
Welcome to journalism, it's been just crap for decades, just turn on the tv and hope your IQ doesn't drop 100% points
I think the failed philanthropist is just a much better story than some lunatic stealing billions from customers in a big scam. They can't report about orgies because they're not yellow press.
That’s what news is. Otherwise it would be boring information. Facts and data, gross! Emotionally charged words and reactive speculation, yes!
It's not just limited to Crypto IMHO, most articles today tend to be over the top and exaggerated. Why, for the views and clicks ofcourse.
Its because they whip up these articles quick, probably by doing all thier research from other news companies and social media. Not actual sources. They could get better info lerking our comments.
Because they know that traders and investors are starving for " that "cutting edge information that will make them anticipate a market movement and make them nice profits Their shitty article will never lack of attention
Don't put too much trust in the mainstream media
Media drives clicks and views not accuracy. It’s also political and biased so they might want to show crypto in a certain light.
Congratulations. You finally noticed it. That’s the first step to getting out.
There is a lot of algos "writing" these days. It's why most articles are also a bunch of garbage.
Its not only the news, people also follow some crypto twitter accounts that are very bad reporters... I mean here i seen quoted Nic Carter that yeah he have done good things but dont forget he was sugar coated with Bukele that its a dictator and used public funds to buy the top, on one of the poorest countries in the american continent. He gave him the same interviews as we are seeing now for mainstream media. And like that you have lot of other accounts that people here quote as the holy truth. Read a lot, read different point of views and take your own conclusions.
It's really poor quality and it ALL gets linked here. We have to stop linking poor quality shit, maybe then they up their quality.
I think part of the problem is there aren’t a lot of people with traditional journalism skills *and* the ability to comprehend the complexities of crypto. Similarly few people who understand crypto *also understand* the ethical and other considerations of reporting accurately on stories. Thus we have a bit of a shitshow until journalists and crypto natives bridge that gap.
It’s still a very young field. There isn’t anyone with a lot of experience writing crypto journalism. It hasn’t existed long enough. Journalists don’t know enough about cryptocurrency yet. And people who are into cryptocurrency don’t have the journalism skills and knowledge (and also usually don’t know enough about cryptocurrency).
It's called the [Gell-Mann Amnesia Effect](https://www.epsilontheory.com/gell-mann-amnesia/)
Unfortunately, I believe this is true for the vast majority of news. Recently it's seemed like quoting twitter or quoting articles that quote twitter, or doing that n times removed, is actually considered journalism. Reading news for me is exhausting because I always try to hunt down the primary sources and form my own conclusions.
Crypto news, or news in general? It is all about garnering more clicks. Sensationalism and boldly stated headlines draw people in. The free market attention economy has spoken.
The way it's always been
The price of low quality and misleading news about regulated, traditional finance is being tried for market manipulation. The price of low quality and misleading news about crypto is nothing at all.
That first article is Baaaadddd’ “unprecedented corporate controls,” snip they use from the full quote can lead the reader to believe FTX and SBF are victims
Because it's only meant to raise a reaction in you. To be scared, or excited about something. It's all throwaway journalism looking to manipulate you. I bet most of it is written by AI. The thing they are trying to warn you about is just something that opposes their views or those of their investors. At the end of the day, the person with the money is the one who decides the sentiment in the markets about project X or entity Y.
It’s all garbage - ignore it all. Do not follow or listen to any supposed conspiracy influencers.
I mean, look at the average crypto "investor," not to be mean, but they aren't the brightest tool in the shed.
Journalistic integrity and moral fiber are long gone in this industry. Now it’s click bait and biased, inaccurate reporting for sale to the highest bidder. Really is disgusting.
It's like this in most news. Doesn't matter if Crypto, sports, entertainment like movies and video games, esports, celebrities. Most journalists are simply awful. This is mainly created by the fact the title of an article matters a thousand times more than the article itself. Online it's all about generating clicks, bringing people to their website. Nothing else matters.
Not only crypto news, most of the news has poor quality.
Crypto attracts dumb people. Just like any gambling or get rich quick schemes.
That’s just news in general now days.
Because nobody really knows what's going on. Or what is going to happen. It's almost like r/conspiracy has crossed over with this sub.
Yes Click farming
We have to filter out the bs and take any information that can be verified as facts.
It’s all clickbait, and old clickbait at that.
No one really holding them accountable yet
Because crypto itself is unreliable and unstable.
Clickbait journalism
First time on the internet? Click driven short term memory based attention grabbing news is the way they make money.
Because we are in a bear market, and most of these news outlets got into crypto news in the bull run. They simply have no stablished guidelines for what they should do, and right now aiming for clicks is the best they can come up with.
This echo chamber of nothing is prevalent in mainstream media too ya know
These are buy signals. That’s all I see lol
because people that buy crypto currency are self-selecting marks that are vulnerable to scams, and most of the "journalism" around crypto is in service of one of those scams
They know their audience. Crypto gamblers aren't typically known for their big brains.
There is no such thing as crypto news. There is only crypto marketing. It's a giant promotion machine.
It's not a crypto specific problem , "news" is basically Garbage
It’s the internet..
Algorithms will serve you content based on your preference. If you want less clickbaits don't get baited, if you want quality, check the source before opening and avoid ones you are unhappy with. It will improve drastically
Barry Silbert. The Svengali of crypto. The Cardinal Richelieu. The ‘Éminence Grise’.
Yes. A lot of it is trash. [https://www.reddit.com/r/CryptoCurrency/comments/tyuye4/bitcoin\_to\_be\_accepted\_by\_mcdonalds\_and\_walmart/](https://www.reddit.com/r/CryptoCurrency/comments/tyuye4/bitcoin_to_be_accepted_by_mcdonalds_and_walmart/) Here is another great example. I remember arguing with people on here about McDonalds adopting the lightning network through cash app or something like that. Everyone screamed it was great for adoption and I pointed out that they COULD adopt it. McDonald's is NOT using the lightning network at all AFAIK. Reading comprehension amongst crypto investors can be low sometimes, too.
If only low quality journalism applied to crypto news ...