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What is wrong with the state of crypto media? There's so much misinformation and sensationalism. Even the top post here about Gary Gensler manipulating the market is absolute nonsense.

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by COINS NEWS 86 Views

What is wrong with the state of crypto media? There's so much misinformation and sensationalism. Even the top post here about Gary Gensler manipulating the market is absolute nonsense.

I like to stay up to date on what happens in the world and in the crypto space. Hence, I read a lot of news and browse /new here regularly. The quality of the news posts is terrible though. A lot of news is straight up inaccurate, lacks sources, or is unnecessarily sensationist, for instance due to clickbait titles.

Example 1: Gary Gensler

Just top post right now is just straight up nonsense. It suggests that Gary Gensler is accused of market manipulation in a $2.5 million short position.

https://preview.redd.it/thp90lj3205b1.png?809&format=png&auto=webp&s=e2f66bd52eef69581279aaa3bbd692a02891b581

What is that Tweet based on? Some useless "BREAKING NEWS" post on Twitter from an engagement farmer account without a source:

https://preview.redd.it/gj1ivsi9205b1.png?588&format=png&auto=webp&s=64c7ce6911217fe66e65d210f57ff3b117e7f28c

This news then gets shared all over dumb crypto media websites:

https://preview.redd.it/o81pkyyd205b1.png?1194&format=png&auto=webp&s=a9087c45df991798bc6af39fd2edf2f93719a5d4

https://preview.redd.it/zen3h5li205b1.png?841&format=png&auto=webp&s=933bd4b6c6c3b19b7fde6099c4a35f01af80ad7e

Thankfully, the top reply here points out how this news item is bullshit. Still, people upvote it.

https://preview.redd.it/yw3fyy4l305b1.png?764&format=png&auto=webp&s=dd07a96dd260c4b3d7f17661f86b54dc5828139c

Example 2: CZ and Binance

Another example are all the posts that are sharing straight up lies about Binance. Im not trying to defend Binance here in any way shape or form, but a lot of the news posts are just wrong. For instance, there's news posts arguing that CZ is telling employees to keep quiet or leave.

https://preview.redd.it/71virsxu205b1.png?772&format=png&auto=webp&s=a8481852095d752f8067666f985a9c769a739402

But that is absolutely not true. CZ said:

β€œMore importantly, if you are not satisfied with working at Binance (or any company), you should talk to your manager and seriously consider your career options.”

There's nothing in the letter sent by CZ saying that employees should keep quiet:

https://preview.redd.it/i11bs300305b1.png?1918&format=png&auto=webp&s=7d4b35365c03361ebe70e28a63fbd514f5dbfbd6

Why is crypto media in such a bad state? Why is there so much misinformation and sensationalism? And why do we upvote this crap?

submitted by /u/Beyonderr
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