The above snippet comes from the Opinions section of the New York Times, and it is a stark reminder of just how bad many Bitcoin “critics” turn out to be. In his piece that dropped today, Binyamin Appelbaum claims that the gold standard – something humanity used for THOUSANDS of years – was disastrous, called private keys passwords, claimed that the US Government can easily brute force ECDSA and confiscate anyone’s bitcoin, and that individuals don’t use bitcoin in a non-custodial self-sovereign fashion because it is “too hard”. A pretty impressive streak of objectively wrong statements.
The frustrating part isn’t that Binyamin was so terribly wrong, it is that he was so very confident while spreading his fake news in the New York Times. Confident enough to exclaim that bitcoiners are nothing more than “Libertarian cosplay” participants. I usually wouldn’t waste a day’s issue of this dirty rag on one particular critique from a single New York Time Opinions piece writer, but pointing out the juxtaposition of this article with the New York Times’ coverage of the Met Gala was irresistible.