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People might have not known that there is no money left, nevertheless no one trusted the foundation. The people in the crypto community here in India have always been criticising centralisation of power by forming a foundation.

There are attempts to form rival groups like alliances etc but people know better. However, the media doesn't and thus to a neutral it might seem that these orgs hold a lot of importance in the community.




The media has and will continue to have a problem with bitcoin because, without a centralized organization there's no one for them to consider an authoritative source. With a centralized organization, bitcoin loses the "purity" of being truly distributed (from the users perspective).




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