Shortly before Sam Bankman-Fried’s FTX trial started, reporter Zeke Faux published an anti-crypto book, Bloomberg . Number Go Up I haven't read it and don't plan to read it—not just because he didn't read any of , but also because I'm pretty sure I know everything he writes about. my books Zeke does good work, so I'm sure the book is great. Generally speaking, I agree with the premise. We need people who hold our feet to the fire! Mostly, it's just nice to see people making money off of crypto again. It's hard to grow your audience when crypto prices are down, but Zeke found a way—and timed the release to coincide with the SBF trial. Brilliant! A good business opportunity For all of cryptocurrency’s talk about immutable protocols that allow everybody to tap into vast, global, permissionless pools of capital, a lot of the major crypto stories have nothing to do with any of that. They're the product of fraud, incompetence, and greed. As such, it's only fair that we should suffer the burden of naysayers. We brought this on ourselves. Now that anybody can create money anywhere, anytime, for any purpose, with whatever rules they want, you get a lot of good and bad ideas. Also, a lot of good and bad people. Since the cryptosphere has a lot of bad ideas and people, it’s very easy for haters to find something or somebody to mock, scorn, vilify, and ridicule. Good people are boring. Successful projects aren’t sexy. No money or clicks in writing about them. The bad guys and scams get eyeballs and attention. We have a cottage industry of skeptics and conspiracy theorists who can take advantage of losses, crimes, moral outrage, and a sense of elitism for their own benefit. For example: Writer David Gerard has carved out a nice niche for himself as a perennial hater. Former actor Ben McKenzie got a book deal, social media exposure, and appearances on radio and TV. Comedian Bill Maher got some great segments out of it. So did John Oliver. US President Joe Biden used cryptocurrency angst to get support for his tax plan. Crypto website got a lot of clicks. Protos And Zeke got book sales and airtime. Cryptocurrency is so full of grifters that even the skeptics are grifting off of it! Everybody gets a cut The irony? The haters and lovers both use cryptocurrency to enrich their lives. Every tweet or book from a hater leads to a new person hearing the word “crypto” or “bitcoin.” Each indictment or accusation encourages a response. For example, this tweet. https://twitter.com/samlyman33/status/1712209368450511162?embedable=true How often can you post something like this and have people actually read it? Not often. This only happened because the wanted to make money from anti-bitcoin sentiment and war in the Middle East. Wall Street Journal When criminals, frauds, and hypesters drag cryptocurrency’s reputation into the mud, they give people like us an opportunity to talk about the good things cryptocurrency can do. They make crypto seem real, legitimate, and worthy of attention. Nobody kicks a dead dog. As long as they still talk about crypto, we need to fear nothing. They’ll open the conversation. The market will do the rest of our work. This post is also available as a collectible NFT on . Mirror https://mirror.xyz/0x9a6600c7B40801dda9A0Fa4E8DE7b1B99FE524a7/uHATbU7NZ4S7RURUTCu1NwE_4dnHITIpsFnZF7RknEU?embedable=true Mark Helfman publishes the newsletter. He is also the author of three books and a top Bitcoin writer on and . Learn more about him in his and connect with him on or . Crypto is Easy Medium Hacker Noon bio Superpeer Tealfeed

The is an opinion piece based on the author’s POV and does not necessarily reflect the views of HackerNoon.

This story contains new, firsthand information uncovered by the writer.

The Key to the Crypto Market: Look at 2016, not 2015 or 2019

Blackrock’s ETF Isn’t Pumping Bitcoin’s Price. TUSD is.

Crypto is Easy Newsletter

Nominated for 2022 - HackerNoon Contributor of the Year - Cryptocurrency

From SBF to Book Deals, Crypto Makes Money for its Haters, Too

About Author

Comments

TOPICS

THIS ARTICLE WAS FEATURED IN

Related Stories

2020 is The Year Wall Street Could Take Over Cryptocurrency

4 Reasons Trading In Bear Markets Does Not Work

89 Stories To Learn About Bitcoin Price

A Detailed Breakdown of Bitcoin's Four Year Cycles

Are Crypto Markets Positioned for the Next Uptick?

Bad News for Bitcoin? - All Press is Good Press

2020 is The Year Wall Street Could Take Over Cryptocurrency

4 Reasons Trading In Bear Markets Does Not Work

89 Stories To Learn About Bitcoin Price

A Detailed Breakdown of Bitcoin's Four Year Cycles

Are Crypto Markets Positioned for the Next Uptick?

Bad News for Bitcoin? - All Press is Good Press

Light-Mode

Classic

Newspaper

Minty

Dark-Mode

Neon Noir

Minty

HN StartUps