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Originally Posted by - Jesus Christ -
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He didn't think that out very well. I like a lot of his videos but he's off on this one.
His point about if a bank branch wasn't doing well one day that the media would not report that the USD was hacked, it flawed. The USD would not lose 20% of its value if a bank branch couldn't create accounts fast enough, per his description.
Secondly, the word "hack" was used to deliver the story to people who do not know anything about computers or what a ddos is. WE all know what it means, but 99% of the population does not, but they all understand the word "hacked." The media always dumbs the stories down. That is how they reach the masses. Adam "The Man" knows this too.
Last, the word "hack" is defined several ways, some of which do describe what happened to bitcoin.
- to damage or injure by crude, harsh, or insensitive treatment
- to reduce or cut ruthlessly; trim
- to cut, notch, slice, chop, or sever (something) with or as with heavy, irregular blows (often followed by up or down )
All of which could be used to say they "hacked" 20% off the value of bitcoin. The ddos reduced, or hacked, the value of bitcoin. And so on. "Hacked" doesn't always have to mean what WE think it means, which is a security breach or about computer security.
Those of you who do not speak English as a first language get a pass. Those of you who do speak English as a first language and are opposed to the headlines should spend more time augmenting your vocabulary. Just sayin'.