@Bitcoin Twitter Account Gets Temporarily Restricted

 Comment of the Day @TuurDemeester

Amidst the ceaseless twitter scams, one positive has emerged from crypto twitter recently. @Bitcoin has been reported by the bitcoin community so many times the account has been restricted and followers have been lost as a result.

Not only is this fraudulent but it actually has a very tangible negative consequence. The most obvious being the huge cases of investors sending Bitcoin to BCash wallets. Bitcoin.com even lists BCash wallets as defaults, needles to to say they are not refunding those who send Bitcoin to their BCash wallets. Coinbase even had to place an alert on their app as they were receiving so many support tickets.

Coinbase Bitcoin Cash warning

Roger Ver was an early investor in Bitcoin and has invested in many crypto focused companies. However, he has taken the minority side of the scaling debate and is in full support of BCash over Bitcoin. Despite storing a significant amount of his wealth in Bitcoin still. Unfortunately for the entire crypto space he is using his significant influence as the owner of Bitcoin.com and its twitter account to spread misinformation and outright lie.

Thankfully the account has been temporarily banned due to the numerous people that have reported the account for spam and fraud. 

The Bitcoin vs BCash debate has been all consuming and Rogers antics. Roger’s recentantics include; supporting the crackpot theory that Craig Wright is Satoshi, claiming Bitcoin.com wallets storing the mnemonic seed in plain text is not a vulnerability, paying for social media accounts to promote BCash, paying for models to have ‘BCHPLS’ drawn on their chests, attacking Andreas Antonopoulos’s financial decisions then taking the credit for making him a millionaire… This list only skims the surface of Roger’s questionable behaviour.

Perhaps the best solution would be to hand over control of @Bitcoin to one of the top crypto twitter shitposters @NeerajKA: 

Winklevoss Twins: Wall Street Has Been “Asleep at the Wheel” Regarding Bitcoin

Michael LaVere
  • Winklevoss Twins say Wall Street has been "asleep at the wheel" in acting on bitcoin.
  • Retail investors hold an advantage over institutions in the crypto marketplace. 

Cameron and Tyler Winklevoss, who founded the cryptocurrency exchange Gemini, said that Wall Street has been “asleep at the wheel,” in regards to bitcoin in their most recent interview. 

Sleeping on Bitcoin

Speaking with CNN Business on Aug. 22, the Winklevoss Twins explained the value of bitcoin as an investment, while giving their opinion on the risks of the cryptocurrency industry in comparison to the traditional financial sector. 

They were also critical of the established market’s slow acceptance of bitcoin and cryptoassets, claiming that Wall Street has fallen behind in that regard. Tyler Winklevoss argued that retail investors have had the edge of institutions in the market of crypto through their willingness to explore the new asset class. 

He continued, 

“Unlike the internet, which you couldn’t buy a piece of, you can actually buy a piece of this new internet of money. It’s still a retail-driven market, from day one [...] and a lot of people have done really well. Wall Street has been asleep at the wheel.”

In addition, the twins claimed not to be deterred by the high price volatility of bitcoin, and said the risk of missing out was much more compelling, 

“We had to invest because we were afraid of missing out, we couldn't miss out on this future.”

The twins also compared bitcoin to gold, which is becoming a more common financial analogy as investors and analysts view BTC as a digital store of value.