Dr. Craig Wright has continued to vent at some of the digital asset industry’s bad actors. In his latest blog post, he trained his sights on those peddling misinformation—about Bitcoin’s structure and incentives, digital asset “investments,” and those who use their media platforms to damage his own reputation. Combating fake news, he said “is one of the reasons I invented Bitcoin.”
Dr. Wright named several well-known identities in the Bitcoin and digital asset space, including John McAfee, Ira Kleiman, Peter McCormack, and Greg Maxwell. These people, he said (some of whom are engaged in ongoing disputes with Wright) have used online media and their own platforms to spread false information by citing each other’s words and creating a self-feeding cycle of confusion for the public.
Forbes and YouTube ‘Flim-Flam’
The post begins with a look at Forbes and other famous-name online media outlets that publish unpaid “contributor” articles. These articles, Dr. Wright said, are not properly vetted for accuracy and exist only to drive eyeballs and clicks to site ads. Destroying the internet’s ad-based model, he added, is one of the reasons he invented Bitcoin.
The fact is, such burnishing of the truth does nothing to create integrity in journalism. It is merely adding a gloss to a turd that is fake news.
Access to brand-name media through “contributions” (sometimes unpaid) has allowed both unqualified and outright deceptive individuals to publish investment advice with a veneer of legitimacy. YouTube, he said, has also been an open platform for those promoting digital asset “pump and dumps”—including BTC.