The Revolution Will Tolerate Few Mistakes

By Juan Villaverde and Bruce Ng on September 07, 2020

Folks, we have an amends to make.

Here’s how we led the July 27 issue of Weiss Crypto Alert:

Folks, the internet giveth, and the internet taketh away.

For Twitter, it’s that times a million.

It’s a story about Chainlink (LINK, Availability/Liquidity Grade “B”) and its long-term potential. But it begins with social media and bad information.

What we criticized on July 27 was a deliberate, dishonest attempt to take down a new enterprise. However, that does not make the error we discuss below any less bad. That we corrected our error shows that we try to do things the right way.

If unreliable information is a problem endemic to social media and the financial press — the world at large, really — well, we aim to part of the solution.

With that, here’s what we consider an exception to that rule, a tweet that “taketh away”:

You won’t find it on Twitter; we’ve deleted it because it was wrong.

Here’s our correction:

Some comments to our original, deleted tweet as well as to our two-tweet correction merit follow-up.

Of course, we thank the Iota team for reaching out. And we appreciate the open dialogue. Indeed, as @GrullMarco pointed out, “Maybe the next time you First ask the IF directly for some Information before you write such a Tweet.” Admonishment acknowledged.

At the same time, we’re grateful to @accretionist for seeing it this way: “they apologized and deleted that's the best you could ask of anyone.”

Folks, this was not an attempt to manipulate the market, nor were we out to take down Iota.

We relied on a news source that is now demonstrably unreliable, and we didn’t do our own independent verification of what they reported.

We apologize for the error.

Now, we’re going to get back to following the fundamentals and the data for what remains nothing less than the forefront of a global currency revolution …

Best wishes,

Juan and Bruce

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