A VC publicly saying "I don't spend money on coke" as a marketing tactic and then getting busted doing just that would make the news. Much like a coin that claims "this coin is stable and its value is tied to USD" getting looted and crashing to $0 also makes the news.

Well, it wouldn't make the news if the price dropped because the actual USD value dropped to zero. That would be perfectly legitimate. Of course the world would be burning as 5lb bags of rice became worth a dozen human lives, so tech news in general might not be very top of mind at that point.

Me shouting "I'm a VC and I don't spend money on coke" and then getting busted doing just that would not make news, as I'm nobody. Same here.

You don't have half a million dollars invested in the thing you claim to be, to then blow. Unlike a VC or this coin. That analogy doesn't work.

If someone blows millions of dollars on coke I very much want to read that article. Why would that not get reported, are you sure?

I’m sure he was exaggerating, But it’s definitely true that half a mission is nothing for VCs and its pocket change in terms of market cap.