With great power comes greater responsibilities. Media platforms have the potential to convince people about anything. With these powers, they have to ensure that they do not spread false information causing confusion and trouble just for the sake of exclusivity.
The media seems to have acted irresponsibly in the recent aftermath of Munich shootings. Many media outlets have connected the shooting to dark net and bitcoin, without having any credible evidence. These reports based on pure speculations have the potential to create more roadblocks to the adoption of digital currency by inviting stringent regulations from the government.
The media outlets claim that the shooter procured the gun over the darknet by paying for it with bitcoin. However, in reality, the police investigation into the shooting is still far from completion and there is no way to verify these reports at the moment.
This is not the first time the media outlets have jumped to a conclusion about the involvement of bitcoin in lethal attacks connected to terrorism or otherwise. Even at the time of Paris attack, many publications reported that the terrorists were using bitcoin for funding their activities. However, a detailed investigation into the incident by Europol revealed nothing of that sort.
It is understandable that bitcoin is the most favored currency in the deep web and it has been used frequently by cyber criminals and drug traffickers. But the same holds good to fiat currency as well. So, instead of jumping into conclusions due to lack of information about the uses of bitcoin, the publication should show some restraint and verify all the facts before publishing.
Ref: WSJ | Finance Magnates |Image: GunsGunsGuns.net