[0080] Bitcoin.com: Was Yesterdays Article on #Verge Factual... or Hit Piece?

Yesterday, while downloading and road-testing a new Bitcoin news app, I chanced across an article that had just been published on Bitcoin.com. The premier news site for all things Bitcoin.

The article was about the leaking of IP addresses by #Verge, a crypto that prides itself on being a 'privacy coin'. At first glance, the privacy concerns are a huge deal and I thought they would send the price of #Verge plummeting and damage their reputation as a private transaction coin.

Then it dawned on me. The reputation bit.

It dawns on me now that the placement of the article in a prominent news source was meant to damage the reputation of #Verge.

Why do I think this?

If a 'concerned group of individuals' were really worried about the privacy concerns of IP addresses being leaked during transactions, then would they not have reached out to the #Verge team, discreetly and privately? Thus allowing them to make a public statement once the damage had been assessed and a patch been applied?

That would have been the professional and gentle(wo)manly thing to do.

The fact this was not done tells me that the article was probably a hit piece against the currency that has fast been gaining popularity, and therefore market share on coins like #Monero, and even hit an all time high in the last week.

I'm not Columbo but I now think that the release of the information on the most public website in cryptocurrencies was an intentional attempt to harm the #Verge project and had nothing to do with safeguarding it's user base. Absolutely nothing.

Interestingly, the price of #Verge didn't plummet and still remains fairly strong nearly 12 hours later. Despite the rumour.

Hit pieces and intentional attacks on reputation will be a rising phenomenon in 2018 as the market tightens and competing tech startups wrestle for marketshare in the crypto 'gold boom'. While Bitcoin and cryptocurrencies are presented as 'fair', 'open source' and 'libertarian', I think from this point onwards we will get to see the full spectrum of human emotions. Not just the nicer ones.

Read the article for yourself: https://news.bitcoin.com/privacy-coin-verge-allegedly-leaking-users-ip-addresses/

Thanks for watching,

Brendan Rohan - Indie developer of 'next gen' natural medicine from Melbourne, Australia

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DISCLAIMER: This article is written by an amateur investor and is offered purely for information purposes. This is not financial advice and you should always seek the advice of a finance professional.