@ssiekmann In my experience, a lot of journalists are still pretty unwilling to believe that companies will just lie. And that’s a particularly bad perspective to hold when you’re covering the crypto sector.
@molly0xfff @ssiekmann That's an especially depressing blind spot because it seems like it should be the most familiar part. 'Crypto' likes to exaggerate how much the math really matters; but there are details there that you would expect a finance reporter to need to read up on if they want to get into the weeds. "Shady things happen on quasi-securities markets and people do perjury and fraud sometimes" seem like much more universal concepts.
@fuzzyfuzzyfungus @molly0xfff @ssiekmann Agree. I'd like journalists to get into more detail. Does Binance possess investor's private keys?
@HenryT @fuzzyfuzzyfungus @molly0xfff @ssiekmann Most "investors" don't even understand how cryptocurrency works and don't have possession of their own coins. They just have a pinky-promise from whatever exchange they use that "X amount of coins in the exchange's possession belong to you and are available for you to withdraw" tracked in an ordinary database. It's utter clowncar shit.
@dalias
> and don't have possession of their own coins
That's all there is to say.
And of course it's not the first time.
A never ending story.
.. ohh wait, let me store my gold at fort nox, the donald will guard it well ..
🤷
Nov 1, 2026, 4:56 PM
It would be interesting to know whether it is driven by fear of reprisals by the company (i.e. loss of access), or just a genuinely naive view of the world. Either way not great, of course.
@molly0xfff @ssiekmann Even worse when it's governments/cops.
@molly0xfff @ssiekmann Or tech in general imo. So many lies from this sector...
Nov 1, 2026, 7:01 PM@molly0xfff @ssiekmann companies lie all the time about everything that's why journalism is work but most so called journalists are just PR repeater 🤬
@TheOneDoc @molly0xfff @ssiekmann
Yeah that Orwell quote won't be getting dusty any time soon
"Journalism is printing what someone else does not want printed: everything else is public relations."
Nov 2, 2026, 2:02 PM@davey_cakes @molly0xfff @ssiekmann thanks 😀
I was thinking about that quote but couldn't fully remember it 😞
@TheOneDoc @molly0xfff @ssiekmann I thought you were just alluding to it a knowing way, you could have pulled that off 😀
@TheOneDoc @molly0xfff @ssiekmann
Stenographers to power
@molly0xfff @ssiekmann
Mainstream journalists believe whatever their billionaire bosses want them to believe. The corporate media isn’t journalism. It’s the propaganda arm of the ruling class.
@molly0xfff @ssiekmann i remember Izabella Kaminska ranting about this in 2017 JUST KICK THE FUCKIN TYRES GUYS
Nov 2, 2026, 2:35 PM@molly0xfff Or labor organizing. ;)
@molly0xfff @ssiekmann
So many journalists are just parroting tech bros PR