The innovative nature of cryptocurrencies causes serious controversy. While the adoption process of practices in the field continues, it is seen that certain actors contribute to the spread of disinformation in the ecosystem. Speaking during this period, when attention was paid to the harms of disinformation in every sector, BitMEX CEO Stephan Lutz shared his views on the role of BitMEX Blog in preventing disinformation in the crypto world.
Cryptocurrencies have been followed with interest by the actors in the financial markets since the first day they came into use. Parallel to the increase in the number of investors in the ecosystem, the interest of the international media in the field continues to increase. The complexity of innovation can both intensify public interest in the field and lead to misunderstandings and a new learning process for different actors, including the media. BitMEX CEO Stephan Lutz commented on the importance of the BitMEX Blog and social media channels in preventing disinformation and educating users.
“Innovation follows an adoption curve from niche to mass interest, and with it the accuracy of knowledge and information brought by innovation follows a similar path. At this point, certain parameters come to the fore. First, by emphasizing the potential of technology to transform social life practices, we can emphasize that the integration of relevant technologies into daily life causes social practices to change. From time to time, the obscurity of innovation causes many people to abstain or exhibit negative attitudes. We observe that this situation is also valid for the crypto money markets, whose revolutionary aspect is frequently noted in some respects.
“We can move the ecosystem forward by supporting the education of investors”
As active actors in the crypto ecosystem, we must take important steps in the education of investors. In order to build a better crypto world, each of us has certain duties. Informing investors about how to read macroeconomic events that affect monetary policies is very important to support financial literacy in the ecosystem.
“Preventing disinformation can positively impact the actions of crypto investors”
For the crypto world, countering disinformation is very important for several reasons. Built on an innovative technology, cryptocurrencies arouse great interest due to their potential to take the current financial system in a different direction. However, as in every period, there may be malicious people who act to stand in the way of innovation. These people may cause fear and panic by circulating false or misleading information with the aim of damaging our ecosystem from time to time. At this point, avoiding disinformation that can lead to distrust and material damage can positively affect the actions of crypto investors. We, too, must provide clear intelligence to users by sharing our experience and resources in protecting our community.
“We must provide accurate information flow to investors with the experience of our experts”
Increasing confidence in the exchanges operating in the cryptocurrency markets can also positively affect the decision-making processes of investors. As stock exchanges, we must provide accurate information flow to investors with the knowledge of our experts in order to build this trust. In this way, we can pave the way for everyone to democratically access crypto-literacy and stand against disinformation.
“BitMEX aims to create a democratic educational atmosphere”
To date, we have taken many innovative steps to raise the level of education in the ecosystem. With this understanding, we aimed to create a democratic education atmosphere with the BitMEX Blog, Crypto Trader Digest series and BitMEX Research sections that we offer to users on our official site. We are also very pleased with the feedback we have received in order to inform investors and establish a correct communication with the community.
We continue to contribute to the knowledge of our users with the social media messages we currently give with the awareness of our responsibilities. In addition, we provide 7/24 customer support by using advanced technologies to prevent imitation by fraudsters.
We believe that the way to prevent disinformation is to provide people with the right information. Otherwise, we leave investors alone with people who do not have sufficient expertise and knowledge. It is our shared responsibility to promote truth and integrity, protect our community, and act ethically. As BitMEX, we will continue to act with this understanding in the upcoming period.”