05-18-2021, 03:45 PM
In their "Money Explained" series, Netflix contributes to the "crypto is a scam" nar
<!-- SC_OFF --><div class="md"><p><strong>TLDR: Netflix portrayed crypto as pump and dumps and Ponzi schemes, without showing the legit side or even explaining what crypto is.</strong></p> <p>Today I watched Netflix's "Money Explained" docu-series. The Bitcoin logo was on the thumbnail so I was intrigued. Turns out that was just clever targeted advertising.</p> <p>Of the five episodes in the series, crypto was only mentioned in one, "Get Rich Quick". The episode covered various types of scams and mentioned crypto on two occasions:</p> <p>The first was as an example for a pump and dump. They introduced the concept of a pump and dump, then said something like "this happens a lot with cryptocurrencies". Then they displayed two newspaper articles with the words "Cryptocurrency" and "Bitcoin" highlighted. I thought this was laughable for two reasons: first of all, pump and dumps existed well before cryptocurrency. I remember watching Jerry Orbach talk about a pump and dump in a 1990s Law and Order episode. Secondly, if you're going to try and disgrace crypto as a giant pump and dump, why would you use Bitcoin as an example? Fools.</p> <p>Then they covered Ponzi Schemes. To be fair, the scope of Ponzi schemes that they covered was a bit broader, but they still zeroed in on Bitconnect and Onecoin to really drive the point home. The only positive thing I can say about the episode was that they included Carlos Matos' "BITCONNNNEEEECCCCTTTTTT", so that was cool I guess. I'm not denying that these are scams, I'm just saying they didn't make any effort to show the legit side of crypto.</p> <p>All told, they portrayed crypto in a very negative light, and didn't bother to explain crypto at all. They just used it as an example for various scams. In fact, for a series that was supposed to be about money, they didn't talk about actually money all that much.</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/tfren99"> /u/tfren99 </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/nf9ctt/in_their_money_explained_series_netflix/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/nf9ctt/in_their_money_explained_series_netflix/">[comments]</a></span>Kind Regards R
<!-- SC_OFF --><div class="md"><p><strong>TLDR: Netflix portrayed crypto as pump and dumps and Ponzi schemes, without showing the legit side or even explaining what crypto is.</strong></p> <p>Today I watched Netflix's "Money Explained" docu-series. The Bitcoin logo was on the thumbnail so I was intrigued. Turns out that was just clever targeted advertising.</p> <p>Of the five episodes in the series, crypto was only mentioned in one, "Get Rich Quick". The episode covered various types of scams and mentioned crypto on two occasions:</p> <p>The first was as an example for a pump and dump. They introduced the concept of a pump and dump, then said something like "this happens a lot with cryptocurrencies". Then they displayed two newspaper articles with the words "Cryptocurrency" and "Bitcoin" highlighted. I thought this was laughable for two reasons: first of all, pump and dumps existed well before cryptocurrency. I remember watching Jerry Orbach talk about a pump and dump in a 1990s Law and Order episode. Secondly, if you're going to try and disgrace crypto as a giant pump and dump, why would you use Bitcoin as an example? Fools.</p> <p>Then they covered Ponzi Schemes. To be fair, the scope of Ponzi schemes that they covered was a bit broader, but they still zeroed in on Bitconnect and Onecoin to really drive the point home. The only positive thing I can say about the episode was that they included Carlos Matos' "BITCONNNNEEEECCCCTTTTTT", so that was cool I guess. I'm not denying that these are scams, I'm just saying they didn't make any effort to show the legit side of crypto.</p> <p>All told, they portrayed crypto in a very negative light, and didn't bother to explain crypto at all. They just used it as an example for various scams. In fact, for a series that was supposed to be about money, they didn't talk about actually money all that much.</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/tfren99"> /u/tfren99 </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/nf9ctt/in_their_money_explained_series_netflix/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/nf9ctt/in_their_money_explained_series_netflix/">[comments]</a></span>Kind Regards R