Russia adds Binance to blacklisted websites
Russia's Federal Service for Supervision of Communications, Information Technology and Mass Media has blacklisted Binance.
Articles By Patrick Thompson:
EHR Data CoinGeek Live 2020 sponsor spotlight
In this interview, Ron Austring explores what EHR Data is, how it works, and what he looks forward to at the upcoming CoinGeek Live conference.
Russia proposes jail time for undeclared wallet owners
The Russian Finance Minisitry has proposed a bill that would require digital currency wallet owners to report their holdings to the tax authorities.
Kronoverse CoinGeek Live 2020 sponsor spotlight
One of the big names taking part in the upcoming CoinGeek Live Conference is Kronoverse, the independent game development company behind CryptoFights.
![In his latest blog post, “Undermining Truth: The Rise of Fake News,” Dr. Craig Wright tackles a topic that the world, especially the Bitcoin community is all too familiar with: fake news.
Fake news as a weapon
“Fake news or “true lies” are not merely the result of poor research, but, more accurately, one of promoted activities which are intentionally designed to mislead,” says Dr. Wright. “Technology is promoting not only access to information, but the ability to create ‘cheap fake’ and ‘deep fake’ counterfeit information. It is noted that it becomes simpler to promote conspiracy theories. The ease at which companies can now create and spread false information is leading to an information pandemic that could be more dangerous than viral epidemics. The negative impact of such misleading pseudo-knowledge undermines the valid trust that responsible organizations have built over the years.”
It is no secret that the internet and social media platforms unfortunately facilitate the propagation of fake news. Sometimes, consumers spread this information unknowingly, but in other instances, individuals intentionally spread fake news because they know others will believe it. Unfortunately, fake news has now become a marketing, or rather, a counter-marketing tool, to destroy human trust and belief in reputable companies, brands, products, and ideas—we see third parties do this to Bitcoin SV all the time.
“For a brand to differentiate itself and to expend extra capital on creating a sustainable product, people need to see the benefits available—and not have them diminished through sham offerings and counterfeits that are unlikely to provide benefits such as sustainable sourcing,” says Dr. Wright.
Which reminds me of Bitcoin. The benefits of Bitcoin are clear as well as readily available and enterprises and individuals are capitalizing on the advantages of a Bitcoin-based system. However, trolls on Twitter and other social media platforms continue to spread false information or rather, fake news, about Bitcoin which unfortunately damages its reputation and impacts the general public’s perception toward Bitcoin.
Fighting fire with Bitcoin
Although fake news affects Bitcoin, Bitcoin-based platforms have the ability to combat fake news. If a website or social media platform were Bitcoin-based (Twetch for example), then the platform could assign a value to the content being posted. This would put a price on trolling and would deter individuals from creating rumors or fake news because it would be costly to do so.
“Most offerings involving criminal activity and fake news are subject to economic forces, and as the cost of providing fake news increases, the quantity is likely to decrease (Wright 2012). […] By acting together in opposing fake media, it becomes more straightforward and less expensive for responsible organizations to maintain their brands.”
To learn more about the effect that fake news has on consumers and companies, you can learn more in Dr. Wright’s latest blog post “Undermining Truth: The Rise of Fake News.”](https://coingeek.com/wp-content/uploads/2023/05/CG-no-featured-image__placeholder-380x188.webp "Craig Wright takes on the rise of fake news")
Craig Wright takes on the rise of fake news
In his latest blog post, Dr. Craig Wright tackles a topic that the world, especially the Bitcoin community is all too familiar with: fake news.
USDC is Bitcoin’s first stablecoin
USDC is the very first stablecoin to launch on the Bitcoin blockchain (BSV) thanks to a partnership between RelayX and Run.
Alex Agut on ‘keyless’ HandCash: It’s our job to build trust relationship with our users
Alex Agut discusses the inspiration and the benefits of a keyless HandCash wallet in this interview with Patrick Thompson.
Omniscape CoinGeek Live 2020 sponsor spotlight
Omniscape is a company that uses Bitcoin alongside augmented reality (AR) and virtual reality (VR) for spatial marketing and advertising.
MetaStreme CoinGeek Live 2020 sponsor spotlight
Paul Chiari talks to CoinGeek about MetaStreme and why they are sponsoring the upcoming CoinGeek Live conference.
NBdomain CoinGeek Live 2020 sponsor spotlight
In this interview with CoinGeek, Maxthon CEO Jeff Chen explains why NBdomain is “the passport to the blockchain world.”
South Korea’s Bithumb exchange is for sale
The Bithumb exchange is for sale. According to officials, Bithumb is selling their exchange because investors are trying to recover their investment.
Elas Digital CoinGeek Live 2020 sponsor spotlight
Elas Digital offers implementation and support services to companies looking to use the Metanet and Bitcoin-based tokens.