At the Consensus NY conference, there was a protest by Bankers Against Bitcoin! We wouldn’t expect less.

Here they arebankers against bitcoin protest

More than a few people have shared this. As might be expected the reactions have been quite extreme, like “this makes me really angry. I hope all banks go bankrupt”.

This is a lesson in DYOR. People read the headline but didn’t take the time to visit the site http://bankersagainstbitcoin.org/ where they would have seen that this is not all it seems.

This satire has been pushed by Genesis Mining. As the site says

“This protest is representative of what will happen to those industries and companies that fail to understand times have changed. Legacy industries that have gone unchallenged for decades will soon begin to see their monopoly slip away.”

They are highlighting an attitude that has existed for centuries – just check out the Luddites. They destroyed weaving machines which they believed were being introduced to replace their role in the industry.

But this episode also highlights something else. If you didn’t visit the website and had a pop as these “bankers” then you failed the golden crypto rule – you didn’t DYOR!

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