Many of us would consider the latest crypto implosion a good thing. Sure, it’s hurt the Bitcoin price short-term, but it wiped out a lot of bad actors in the market. But the mainstream marketing spin hasn’t left Bitcoin unscathed, as many institutions are once again distancing themselves from sound money along with crypto.
The ECB are also back again…
The apparent stabilisation of bitcoin’s value is likely to be an artificially induced last gasp before the crypto-asset embarks on a road to irrelevance. #TheECBblog looks at where bitcoin stands amid widespread volatility in the crypto markets.
Read more https://t.co/Hk1LuYX2de pic.twitter.com/I3Uidks8Xo
— European Central Bank (@ecb) November 30, 2022
There’s no way they will be lazy and just regurgitate old FUD, right?
By the second paragraph, they were already talking as if the Lightning Network didn’t exist…
“Bitcoin’s conceptual design and technological shortcomings make it questionable as a means of payment: real Bitcoin transactions are cumbersome, slow and expensive. Bitcoin has never been used to any significant extent for legal real-world transactions.”
‘Significant extent’? Really? So everything going on in El Salvador isn’t significant at all?
Or what’s happening in Brazil…
Breaking news: #Bitcoin is now officially recognized as a means of payment in Brazil 🇧🇷
The bill was approved today, and now the President’s signature is the last needed step before it becomes law ✍️
Full coverage on my latest for Bitcoin Magazine:https://t.co/E6shHjS7LL
— Namcios (@namcios) November 30, 2022
The FUD doesn’t stop there, as the ECB shill lumps Bitcoin with crypto and then attacks it for its environmental costs.
Nothing too new.
But the recent coordination is a little suspicious.
Many are using the current market to kick at Bitcoin while the price is down and push CBDCs.
Me thinks they are afraid…
gm, it’s afraid! pic.twitter.com/wPW400zC4D
— FastBitcoins.com (@fastbitcoins) December 1, 2022
As for who wrote the article?
Show me the incentives…
Author : Ulrich Bindseil
— ₿aseload 🍷 (@Endorsen) November 30, 2022
…and I’ll show you the FUD.