The biggest barrier to easy acceptance in Australia is our media. That story in the NZ Herald is simple and easy to understand. New Zealand leads again. They're thriving and our dollar has plunged to a nine year low against the $NZ.
Our media love to knock anything they don't understand. They did it with FMG, to the great cost of a lot of people.
American stories about bitcoin are usually up to the minute, and relevant to today. But every story I have seen in our media is a mixture of old news, half-truths, and very misleading. And off-putting. The very interesting story a few days ago about the real estate agent in Sydney taking bitcoin, finished up with some old scary news abut Mt Gox, - which is last century in bitcoin world. They just can't help themselves.
If we all followed the media's advice, we would never invest in anything, too risky.
MEJ Price at posting:
5.9¢ Sentiment: Buy Disclosure: Held
