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If you are upset at the lack of honest coverage from CNBC on Bitcoin its likely the 1st topic that you have some deep knowledge about that is being portrayed in the media in a way that is flat out wrong. Now apply that to every topic and reexamine what you think about the media.
CNBC isnt it trying to get an honest story. Do you really think they thought Belfort and the guy living in the tree-house would give the most informed opinions? Of course not, but they apply to the simple minded who want confirmations & they will provide comfort for normal ppl.
Wow - never knew there was an official term for this. Thanks for sharing.
the way they make people invest on ripple at 3.00 and then ask them to sell at 0.70 really opened my eyes that the media is evil, it even makes me question the school system
Gentlemen you have Re-Discovered the genius of Micheal Crichton...from 2005 no less! 
Here is the link to the ENTIRE LECTURE. The single most important thing I have EVER read. Enjoy!
http://larvatus.com/michael-crichton-why-speculate/ …
This is very, very spot on. Anything on TV is more likely than not to be worse than worthless
If helpful, I wrote a media literacy guide, partially inspired by cryptocurrency media: https://github.com/nemild/hack-the-media … (cc: @etscrivner). Coverage is often a function of the audience incentives these media sources face.
Appreciate the share. I think more than examining the hows and whys of media distortion, I’m interested in the epistemological ramifications - what should we do with that knowledge. IMO - tune out, treat it as mostly entertainment and marketing.
I'd argue that we should develop the ability to identify the information that's useful, while tuning out the rest. In my guide for software engs, I actually note how much of tech content is marketing:https://github.com/nemild/hack-the-media/blob/master/software-engineers-media-guide.md …
I think we generally agree here - I think people should develop their own methodologies for sieving useful (not necessarily the same as true in correspondence theory sense) information from internet content. What is useful will depend on the individual and their situation.
It's my second topic and I have been thinking the same.. mass media have no clue.. NOT to be trusted..
Have thought about this a lot lately.
CNBC actually has an 95% accuracy.. but in inverse..https://www.newsbtc.com/2018/08/25/cnbc-tweets-have-been-a-contrarian-bitcoin-price-indicator-with-95-accuracy/ …
Upset is an Understatement!!!! All the people in Crypto and CNBC picks a Scammer with Zero Credibility, and a tiger pawed individual living in a Tree House for free, who didn’t sell some of his Bitcoin @ 20,000 ATH? You do the Math!!!!!
You need @NewsBling people
Preach brother!
Exactly this!
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